4 Bed Bungalow, Refurb/BRRR, Taunton, TA1 4TN, £250,000

Pitts Close, Taunton, TA1 4TN - 5 months ago

Sold STC
Refurb/BRRR
~143 m²
+21 photos

ValuationFair Value

Sold Prices£150K - £850K
Sold Prices/m²£1.3K/m² - £5.7K/m²

 

 

Square Metres

~143.20 m²
Price/m²£1.7K/m²

Value Estimate

£250,000

 

 

End Value (After Refurb)

£536,535

Uplift in Value

+115%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£13,700

Refurb Costs

£58,235

Bridging Loan Interest

£6,563

Total Cash In

£142,747

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£536,535

Agent Fees (1%)

£5,365

Bridging Loan

£187,500

Bridging Loan Interest

£6,563

Flip Profit

£200,923

Local Sold Prices

50 sold prices from £150K to £850K, average is £445K. £1.3K/m² to £5.7K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£350K12/210.13 mi13, Langham Drive, Taunton, Somerset TA1 4LJ4
£150K06/210.14 mi128, Galmington Road, Taunton, Somerset TA1 5DW4
£350K01/230.18 mi2, Bowfell Close, Taunton, Somerset TA1 4JP4
£395K11/210.18 mi9, Wiltshire Close, Taunton, Somerset TA1 4JR4
£400K03/230.23 mi2, Kingsley Close, Taunton, Somerset TA1 4LQ4
£385K03/210.25 mi7, Princess Road, Taunton, Somerset TA1 4SY4
£525K01/230.29 mi5, Haines Park, Taunton, Somerset TA1 4RQ4
£475K02/210.31 mi1, Ferndale Drive, Taunton, Somerset TA1 4QU4
£520K09/230.31 mi19, Galmington Lane, Taunton, Somerset TA1 5DG4
£383K10/230.33 mi6, Bovet Close, Taunton, Somerset TA1 4NY4
£420K02/230.34 mi18, Claremont Drive, Taunton, Somerset TA1 4JF4
£430K09/230.34 mi6, Claremont Drive, Taunton, Somerset TA1 4JF4
£400K03/230.34 mi14, Claremont Drive, Taunton, Somerset TA1 4JF4
£440K03/210.34 mi1, Haines Park, Taunton, Somerset TA1 4RQ4
£850K06/230.36 mi24, Comeytrowe Lane, Taunton, Somerset TA1 5PA4
£392K07/230.37 mi15, The Spinney, Taunton, Somerset TA1 4RY4
£475K10/200.37 mi14, The Spinney, Taunton, Somerset TA1 4RY4
£515K06/210.37 mi26, Haines Park, Taunton, Somerset TA1 4RG4
£520K05/230.37 mi30, Haines Park, Taunton, Somerset TA1 4RG4
£465K10/230.37 mi12, Haines Park, Taunton, Somerset TA1 4RG4
£387.5K03/210.37 mi2, Haines Park, Taunton, Somerset TA1 4RG4
£350K03/210.4 mi25, Parkfield Crescent, Taunton, Somerset TA1 4RZ4
£650K07/210.4 mi48, Batts Park, Taunton, Somerset TA1 4RE4
£454K03/210.41 mi15, Pope Close, Taunton, Somerset TA1 4YE4
£450K11/230.41 mi23, Pope Close, Taunton, Somerset TA1 4YE4
£560.9K10/210.42 mi41, Queens Drive, Taunton, Somerset TA1 4XW4
£470K10/200.42 mi7, Queens Drive, Taunton, Somerset TA1 4XW4
£545K02/210.42 mi37, Queens Drive, Taunton, Somerset TA1 4XW4
£535K06/210.44 mi10, Parkfield Crescent, Taunton, Somerset TA1 4RX4
£420K02/210.45 mi28, Glasses Mead, Taunton, Somerset TA1 5QH4
£420K02/230.45 mi17, Glasses Mead, Taunton, Somerset TA1 5QH4
£360K06/210.48 mi4, Manor Close, Taunton, Somerset TA1 4RS4
£450K01/230.48 mi1, Glasses Mead, Taunton, Somerset TA1 5QH4
£237.5K04/210.51 mi3, Castlemans Road, Taunton, Somerset TA1 4ND4
£475K11/210.52 mi44, Middleway, Taunton, Somerset TA1 3QJ4
£280K05/210.53 mi4, Lloyd Close, Taunton, Somerset TA1 5QU4
£472K07/230.53 miHolly Croft House, New Road, Trull, Taunton, Somerset TA3 7NJ4
£650K01/210.54 mi6, Osborne Grove, Taunton, Somerset TA1 4RN4
£618K08/230.54 mi10, Mount Nebo, Taunton, Somerset TA1 4HG4
£540K04/210.54 mi8, Parkfield Drive, Taunton, Somerset TA1 5BT4
£485K07/210.56 mi16, Parkfield Drive, Taunton, Somerset TA1 5BT4
£440K04/230.57 mi24, Comeytrowe Rise, Taunton, Somerset TA1 5JA4
£720K12/230.57 miHarcombe House, Honiton Road, Trull, Taunton, Somerset TA3 7JW4
£410K01/210.6 mi38, Ashley Road, Taunton, Somerset TA1 5BP4
£380K12/220.61 mi8, Wilton Close, Taunton, Somerset TA1 4EZ4
£565K06/210.62 mi1, Parkfield Road, Taunton, Somerset TA1 4RL4
£377.8K03/210.62 mi22, Ashley Road, Taunton, Somerset TA1 5BP4
£345K09/210.62 mi98, Wellington Road, Taunton, Somerset TA1 5LA4
£425K12/220.62 mi21, Manor Road, Taunton, Somerset TA1 5BG4
£555K06/210.63 mi12, Manor Road, Taunton, Somerset TA1 5BD4

Local Rents

12 rents from £1.3K/mo to £2.1K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,70003/250.1 mi-4
£1,30006/240.29 mi-3
£1,35009/240.36 miBradford Close, Taunton, Somerset, TA13
£1,75009/240.4 miManor Orchard, Taunton, TA13
£1,30009/240.42 mi-3
£1,25005/240.43 mi-3
£1,90011/240.44 mi-3
£2,10006/230.45 mi-4
£1,40009/240.51 mi-3
£1,75009/240.54 miPikes Crescent, Taunton, TA13
£1,50009/240.56 miTaunton, TA13
£1,95001/250.6 mi-3

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

1.15 miles away

Nearest school

0.10 miles away

Nearest train station

1.41 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 £250,000

January 31, 2025

Listed for £350,000

October 21, 2024

Floor Plans

Description

  • Entrance porch and reception hall with built-in cupboards +
  • Double aspect sitting room +
  • Garden room with bi-fold doors to rear garden +
  • Large kitchen/dining room and separate utility room +
  • Principal bedroom with en suite cloakroom and built-in wardrobes +
  • Bedroom 2/study +
  • 2 further double bedrooms (inter-communicating) and shower room +
  • Garage and ample driveway parking +
  • Well stocked rear garden with covered terrace, lawn and pond +
  • Attractive location close to good local shops and amenities +

A substantially extended and deceptively spacious detached bungalow, in need of updating, occupying an extremely convenient location, close to good local shops and amenities. No onward chain

Agent Details

James Gray Estate Agents, Taunton

01823 589594

Next Steps?

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