3 Bed Bungalow, Refurb/BRRR, Taunton, TA1 4TH, £335,000

1 Fulwood Close, Taunton, Somerset, TA1 4TH - 4 views - 6 months ago

Refurb/BRRR
ROI: 1%
86 m²
+12 photos

ValuationOvervalued

Sold Prices£150K - £610K
Sold Prices/m²£1.3K/m² - £4.8K/m²

 

 

Square Metres

86 m²
Price/m²£3.9K/m²

Value Estimate

£280,349

 

 

End Value (After Refurb)

£349,950

Uplift in Value

+-3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£83,750

Stamp Duty & Legal Fees

£17,500

Refurb Costs

£34,973

Bridging Loan Interest

£8,794

Total Cash In

£146,767

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£349,950

Mortgage (After Refinance)

£262,463

Mortgage LTV

75%

Cash Released

£11,213

Cash Left In

£135,555

Equity

£87,488

Rent Range

£1,250 - £1,950

Rent Estimate

£1,560

Running Costs/mo

£1,426

Cashflow/mo

£134

Cashflow/yr

£1,613

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £150K to £610K, average is £297.5K. £1.3K/m² to £4.8K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£380K04/230.05 mi39, Longmead Way, Taunton, Somerset TA1 4TB3
£220K02/210.1 mi7, Burchs Close, Taunton, Somerset TA1 4TR3
£305K07/230.12 mi34, Longmead Way, Taunton, Somerset TA1 4TA3
£335K05/230.16 mi2, Pembroke Close, Taunton, Somerset TA1 4LS3
£334K09/230.16 mi30, Avon Close, Taunton, Somerset TA1 4SU3
£300K08/230.16 mi6, Avon Close, Taunton, Somerset TA1 4SU3
£332K10/230.16 mi23, Avon Close, Taunton, Somerset TA1 4SU3
£365K03/210.18 mi211, Galmington Road, Taunton, Somerset TA1 4SS3
£150K06/210.18 mi128, Galmington Road, Taunton, Somerset TA1 5DW3
£349.9K01/240.21 mi1, Langham Drive, Taunton, Somerset TA1 4LJ3
£250K03/210.21 mi64, Parkfield Road, Taunton, Somerset TA1 4SD3
£320K07/230.24 mi1, Alston Close, Taunton, Somerset TA1 4LR3
£295K01/210.24 mi2, Alston Close, Taunton, Somerset TA1 4LR3
£340K10/200.24 mi20, Norwich Close, Taunton, Somerset TA1 4LH3
£270.6K12/200.25 mi217, Galmington Road, Taunton, Somerset TA1 4ST3
£275K07/230.26 mi1, Bowfell Close, Taunton, Somerset TA1 4JP3
£238.5K10/200.27 mi39, Scafell Close, Taunton, Somerset TA1 4LG3
£365K10/200.27 miBracebridge, 8, Hoveland Lane, Taunton, Somerset TA1 5DE3
£375K10/230.28 mi5, Amor Place, Taunton, Somerset TA1 4SG3
£255K02/240.28 mi14, Statham Close, Taunton, Somerset TA1 5AF3
£420K01/230.28 mi19, Hoveland Lane, Taunton, Somerset TA1 5DD3
£376K09/230.28 mi48, Parkfield Road, Taunton, Somerset TA1 4SE3
£315K03/210.28 mi37, Parkfield Crescent, Taunton, Somerset TA1 4SA3
£180.5K05/210.3 mi15, Ashford Road, Taunton, Somerset TA1 5DH3
£425K04/230.3 mi39, Manor Orchard, Taunton, Somerset TA1 4SN3
£362.5K10/200.3 mi44, Manor Orchard, Taunton, Somerset TA1 4SN3
£300K05/210.31 mi7, The Spinney, Taunton, Somerset TA1 4RY3
£307.5K05/230.33 mi37, Galmington Drive, Taunton, Somerset TA1 5AQ3
£250K09/230.33 mi6, Galmington Lane, Taunton, Somerset TA1 5DQ3
£221K10/200.33 mi4, Statham Grove, Taunton, Somerset TA1 5AG3
£222K11/200.34 mi14, Suffolk Crescent, Taunton, Somerset TA1 4JN3
£315K04/210.35 mi1, Wheatleigh Close, Taunton, Somerset TA1 4QE3
£295K04/240.35 mi4, Wheatleigh Close, Taunton, Somerset TA1 4QE3
£258K01/240.35 mi18, Wesley Close, Taunton, Somerset TA1 4YA3
£210K05/210.36 mi5, Pikes Crescent, Taunton, Somerset TA1 4HR3
£350K07/210.37 mi65, Claremont Drive, Taunton, Somerset TA1 4JH3
£610K06/210.37 mi4, Queens Drive, Taunton, Somerset TA1 4XW3
£290K01/240.38 mi53, Claremont Drive, Taunton, Somerset TA1 4JQ3
£300K09/210.38 mi7, Parkfield Crescent, Taunton, Somerset TA1 4RX3
£232K04/210.39 mi6, Porlock Drive, Taunton, Somerset TA1 4HY3
£270K12/200.39 mi11, Porlock Drive, Taunton, Somerset TA1 4HY3
£320K03/230.39 mi40, Sherford Road, Taunton, Somerset TA1 3RH3
£205K03/240.39 mi58, Sherford Road, Taunton, Somerset TA1 3RH3
£258K09/230.41 mi41, Pikes Crescent, Taunton, Somerset TA1 4HS3
£195K05/230.42 mi25, Bradford Close, Taunton, Somerset TA1 4YH3
£175K11/200.42 mi23, Fivash Close, Taunton, Somerset TA1 4YF3
£320K02/230.42 mi34, Gill Crescent, Taunton, Somerset TA1 4NR3
£235K03/210.42 mi32, Gill Crescent, Taunton, Somerset TA1 4NR3
£245K01/230.42 mi29, Fivash Close, Taunton, Somerset TA1 4YF3
£224K12/200.42 mi8, Fivash Close, Taunton, Somerset TA1 4YF3

Local Rents

11 rents from £1.3K/mo to £1.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,30006/240.34 mi-3
£1,25005/240.36 mi-3
£1,90012/240.37 mi-3
£1,75009/240.39 miManor Orchard, Taunton, TA13
£1,35009/240.4 miBradford Close, Taunton, Somerset, TA13
£1,40010/240.44 mi-3
£1,47504/250.44 mi-3
£1,75009/240.47 miPikes Crescent, Taunton, TA13
£1,30009/240.5 mi-3
£1,95001/250.52 mi-3
£1,50009/240.55 miTaunton, TA13

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

1.08 miles away

Nearest school

0.20 miles away

Nearest train station

1.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Price changed to £335,000

March 4, 2025

Listed for £360,000

October 18, 2024

Sold for £75,000

1997

Floor Plans

Description

Situated in a quiet cul-de-sac location in the heart of Hoveland is this 3 bedroom detached bungalow in need of modernisation. The property comprises in brief an entrance hall leading to all rooms with a kitchen, spacious lounge/diner at the rear overlooking the garden. There are 3 bedrooms, a family bathroom and a further cloakroom..

Fulwood Close lies within the popular area of Hoveland which is a highly sought after area. Local amenities include a Tesco’s supermarket, Bridgwater and Taunton College, the Castle School, Musgrove Park Hospital and Parkfield Primary School. Longrun Meadow is within a short stroll as is the town centre. Taunton offers a wide range of chain and independent shops and several extremely well-regarded schools, including King’s and Queen’s Colleges and Taunton School. Taunton boasts a direct mainline rail link to London, Paddington and the cities of Exeter and Bristol can be found within an hour’s drive, both hosting international airports. The Blackdown and Quantock Hills can be found close by, both of which are Areas of Outstanding Natural Beauty and offering a plethora of footpaths and bridleways.

The property is accessed at the front with a driveway and a lawn area to the garage and front door. The rear is accessed via the kitchen or lounge. The plot is larger than average and is mainly laid to lawn with large hedge borders to the rear.

Agent Details

Palmer Snell, Taunton

01823 212308

Next Steps?

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