2 Bed Terraced House, Refurb/BRRR, Taunton, TA1 2JT, £215,000

23 Normandy Drive, Taunton, Somerset, TA1 2JT - 3 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~68 m²
+4 photos

ValuationOvervalued

Sold Prices£125K - £293K
Sold Prices/m²£1.9K/m² - £5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£191,634

 

 

End Value (After Refurb)

£231,625

Uplift in Value

+-7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£53,750

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£27,698

Bridging Loan Interest

£5,644

Total Cash In

£97,542

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£231,625

Mortgage (After Refinance)

£173,719

Mortgage LTV

75%

Cash Released

£12,469

Cash Left In

£85,073

Equity

£57,906

Rent Range

£925 - £2,700

Rent Estimate

£1,479

Running Costs/mo

£1,040

Cashflow/mo

£439

Cashflow/yr

£5,272

ROI

5%

Gross Yield

8%

Local Sold Prices

51 sold prices from £125K to £293K, average is £182K. £1.9K/m² to £5K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£293K01/230.08 mi71, Parmin Way, Taunton, Somerset TA1 2JX2
£221K05/240.08 mi69, Parmin Way, Taunton, Somerset TA1 2JX2
£183K01/210.11 mi24, Lisieux Way, Taunton, Somerset TA1 2JZ2
£240K08/230.15 mi11, Severn Drive, Taunton, Somerset TA1 2PN2
£183K03/230.23 mi24, Wordsworth Drive, Taunton, Somerset TA1 2HW2
£215K12/230.23 mi43, Avill Crescent, Taunton, Somerset TA1 2PL2
£215K12/230.23 mi43, Avill Crescent, Taunton, Somerset TA1 2PL2
£190K11/200.23 mi55, Bacon Drive, Taunton, Somerset TA1 2LQ2
£166K02/210.23 mi63, Bacon Drive, Taunton, Somerset TA1 2LQ2
£196.5K04/230.24 mi8, Semington Close, Taunton, Somerset TA1 2TF2
£160K09/230.24 mi9, Semington Close, Taunton, Somerset TA1 2TF2
£205K01/230.24 mi18, Wordsworth Drive, Taunton, Somerset TA1 2HW2
£170K08/210.25 mi24, Brooke Road, Taunton, Somerset TA1 2HP2
£181K10/200.25 mi24, Waverney Close, Taunton, Somerset TA1 2RD2
£175K02/210.25 mi6, Waverney Close, Taunton, Somerset TA1 2RD2
£220K01/240.27 mi113, Thames Drive, Taunton, Somerset TA1 2TE2
£180K06/230.29 mi29, Kenwyn Close, Taunton, Somerset TA1 2RG2
£163K09/230.29 mi32, Kenwyn Close, Taunton, Somerset TA1 2RG2
£240K03/240.32 mi21, Eastleigh Road, Taunton, Somerset TA1 2YA2
£200K09/210.32 mi6, Haywood Road, Taunton, Somerset TA1 2LL2
£161K09/230.33 mi60, Ashbourne Crescent, Taunton, Somerset TA1 2RB2
£180K12/200.33 mi103, Ashbourne Crescent, Taunton, Somerset TA1 2RA2
£196K03/210.33 mi63, Ashbourne Crescent, Taunton, Somerset TA1 2RA2
£180K12/200.34 mi10, Noble Street, Taunton, Somerset TA1 3BD2
£178K02/210.34 mi15, Noble Street, Taunton, Somerset TA1 3BD2
£215K07/230.34 mi14, Noble Street, Taunton, Somerset TA1 3BD2
£154K02/210.34 mi24, Grays Road, Taunton, Somerset TA1 3BB2
£208K01/230.35 mi24, Grays Road, Taunton, Somerset TA1 3BB2
£170K08/210.35 mi32, Grays Road, Taunton, Somerset TA1 3BB2
£187.5K03/210.35 mi10, Viney Street, Taunton, Somerset TA1 3AY2
£167K05/210.35 mi33, Viney Street, Taunton, Somerset TA1 3AY2
£170K11/210.36 mi14, Blake Street, Taunton, Somerset TA1 3BE2
£220K04/210.36 mi7, Lynor Close, Taunton, Somerset TA1 2RX2
£125K10/200.38 mi19, Hamilton Road, Taunton, Somerset TA1 2EQ2
£200K09/230.39 mi137, Redlake Drive, Taunton, Somerset TA1 2RU2
£194K12/230.39 mi135, Redlake Drive, Taunton, Somerset TA1 2RU2
£192.5K01/230.39 mi14, Amber Mead, Taunton, Somerset TA1 2RY2
£180K03/210.39 mi54, Ryburn Close, Taunton, Somerset TA1 2RH2
£270K05/240.39 mi92, South Street, Taunton, Somerset TA1 3AG2
£169K11/200.41 mi40, Redlake Drive, Taunton, Somerset TA1 2RS2
£194K04/230.44 mi53, East Reach, Taunton, Somerset TA1 3EZ2
£241K06/230.45 mi13, Alfred Street, Taunton, Somerset TA1 3HU2
£182K03/210.45 mi55, Leycroft Road, Taunton, Somerset TA1 2ED2
£180K04/210.46 mi45, Tyne Park, Taunton, Somerset TA1 2RP2
£160K11/210.46 mi51, Tyne Park, Taunton, Somerset TA1 2RP2
£165K01/240.46 mi56, Tyne Park, Taunton, Somerset TA1 2RP2
£175K02/240.46 mi58, Tyne Park, Taunton, Somerset TA1 2RP2
£190K08/230.46 mi33, Mitre Court, Taunton, Somerset TA1 3ER2
£160K03/210.47 mi36, Roman Road, Taunton, Somerset TA1 2BG2
£150K07/210.47 mi66, Roman Road, Taunton, Somerset TA1 2BQ2
£166K02/230.47 mi66, Roman Road, Taunton, Somerset TA1 2BQ2

Local Rents

23 rents from £925/mo to £2.7K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£99509/240.29 miBowmont Grove, Taunton2
£1,00009/240.38 mi-2
£99509/240.39 miRyburn Close, Taunton TA1 2
£1,10007/240.41 mi-2
£1,05009/240.41 miRedlake Drive, Taunton TA12
£92509/240.46 miTyne Park, Taunton, Somerset2
£2,70009/240.48 mi-2
£2,70012/240.48 mi-2
£2,70002/250.48 mi-2
£2,70003/250.48 mi-2
£2,70009/240.5 mi-2
£2,70011/240.5 mi-2
£2,70002/250.5 mi-2
£2,70003/250.5 mi-2
£1,50002/240.54 mi-2
£1,50002/240.54 mi-2
£1,20009/240.55 mi-2
£1,20009/240.6 miGloucester Street, TAUNTON2
£1,00012/240.6 mi-2
£1,20009/240.6 mi-2
£1,20012/240.6 mi-2
£95009/240.61 miEast Reach, Taunton2
£1,10003/250.62 mi-2

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

0.72 miles away

Nearest school

0.10 miles away

Nearest train station

1.16 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 £215,000

January 23, 2025

Price changed to £230,000

January 8, 2025

Listed for £250,000

October 22, 2024

Floor Plans

Description

  • Spacious two bedroom house +
  • Requires updating +
  • Enclosed garden +
  • Garage +
  • Parking +

A spacious two bedroom house with driveway and garage with no onward chain.

A spacious two bedroom property now in need of modernisation. The property is set on a corner with garage and parking. Being sold with no onward chain.

Agent Details

Greenslade Taylor Hunt, Taunton

01823 211774

Next Steps?

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