3 Bed Semi-Detached House, Refurb/BRRR, Taunton, TA1 2DY, £250,000

Bridgwater Road, Taunton, Somerset, TA1 2DY - 2 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 7%
~93 m²
+11 photos

ValuationFair Value

Sold Prices£161K - £370K
Sold Prices/m²£1.7K/m² - £4.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£250,000

 

 

End Value (After Refurb)

£265,859

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£37,820

Bridging Loan Interest

£6,563

Total Cash In

£117,333

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£265,859

Mortgage (After Refinance)

£199,394

Mortgage LTV

75%

Cash Released

£11,894

Cash Left In

£105,438

Equity

£66,465

Rent Range

£1,150 - £2,950

Rent Estimate

£1,884

Running Costs/mo

£1,228

Cashflow/mo

£656

Cashflow/yr

£7,877

ROI

7%

Gross Yield

9%

Local Sold Prices

50 sold prices from £161K to £370K, average is £250K. £1.7K/m² to £4.2K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£290K10/200.07 mi10, Bridgwater Road, Taunton, Somerset TA1 2DS3
£320K11/200.07 mi12, Bridgwater Road, Taunton, Somerset TA1 2DS3
£345K02/240.07 mi12, Bridgwater Road, Taunton, Somerset TA1 2DS3
£217K03/230.08 mi40, Charles Crescent, Taunton, Somerset TA1 2XN3
£315K09/210.09 mi27, Bridgwater Road, Taunton, Somerset TA1 2DP3
£250K05/230.09 mi43, Bridgwater Road, Taunton, Somerset TA1 2DP3
£210K04/230.09 mi23, Charles Crescent, Taunton, Somerset TA1 2XW3
£210K10/200.11 mi37, Bramley Road, Taunton, Somerset TA1 2XJ3
£237K12/230.16 mi37, Russett Road, Taunton, Somerset TA1 2XE3
£236K06/210.18 mi5, Laxton Road, Taunton, Somerset TA1 2UW3
£234.5K11/220.18 mi52, Laxton Road, Taunton, Somerset TA1 2XB3
£190K01/210.18 mi32, Newton Road, Taunton, Somerset TA1 2XG3
£260K05/230.18 mi2, Creechberry Orchard, Taunton, Somerset TA1 2EX3
£265K04/230.18 mi12, Creechberry Orchard, Taunton, Somerset TA1 2EX3
£285K05/230.18 mi16, Creechberry Orchard, Taunton, Somerset TA1 2EX3
£300K11/200.21 mi48, Hamilton Road, Taunton, Somerset TA1 2ES3
£292.5K03/240.23 mi5, Blackbrook Road, Taunton, Somerset TA1 2UR3
£184.5K09/210.23 mi7, Barrow Drive, Taunton, Somerset TA1 2UU3
£297K03/210.24 mi125, Hamilton Road, Taunton, Somerset TA1 2EP3
£370K10/200.24 mi111, Hamilton Road, Taunton, Somerset TA1 2EP3
£263K09/210.25 mi16, Derwent Grove, Taunton, Somerset TA1 2NJ3
£172.5K12/200.25 mi10, Raps Green, Taunton, Somerset TA1 2UT3
£250K06/210.27 mi4, Medway Close, Taunton, Somerset TA1 2NS3
£237K09/210.27 mi54, Calder Crescent, Taunton, Somerset TA1 2NH3
£250K10/200.27 mi51, Calder Crescent, Taunton, Somerset TA1 2NH3
£280K09/230.27 mi6, Calder Crescent, Taunton, Somerset TA1 2NH3
£292K12/220.27 mi9, Raps Green, Taunton, Somerset TA1 2UT3
£360K11/220.28 mi1, Raps Close, Taunton, Somerset TA1 2UY3
£230K10/200.28 mi4, Raps Close, Taunton, Somerset TA1 2UY3
£228K10/200.29 mi9, Kennet Grove, Taunton, Somerset TA1 2NT3
£278K09/230.3 mi14, Medway Close, Taunton, Somerset TA1 2NS3
£246K06/210.31 mi23, Bloomfield Close, Taunton, Somerset TA1 2EN3
£230K03/210.31 mi37, Bloomfield Close, Taunton, Somerset TA1 2EN3
£285K09/230.31 mi27, Bloomfield Close, Taunton, Somerset TA1 2EN3
£218.5K12/200.36 mi95, Thames Drive, Taunton, Somerset TA1 2TE3
£235K12/200.38 mi2, Leadon Grove, Taunton, Somerset TA1 2NX3
£240K03/240.39 mi33, Chelmer Close, Taunton, Somerset TA1 2TB3
£161K11/200.39 mi5, Beadon Road, Taunton, Somerset TA1 2DJ3
£220K09/230.43 mi73, Hamilton Road, Taunton, Somerset TA1 2EL3
£250K12/220.44 mi70, Severn Drive, Taunton, Somerset TA1 2PW3
£229K12/200.44 mi58, Severn Drive, Taunton, Somerset TA1 2PW3
£258K01/230.44 mi68, Severn Drive, Taunton, Somerset TA1 2PW3
£200K09/210.48 mi7, Creechbarrow Road, Taunton, Somerset TA1 2AR3
£305.9K09/210.49 mi25, Ashbourne Crescent, Taunton, Somerset TA1 2RA3
£240K12/200.51 mi10, Tyne Park, Taunton, Somerset TA1 2RP3
£234K10/230.52 mi50, Tyne Park, Taunton, Somerset TA1 2RP3
£258K04/210.53 mi4, Lynor Close, Taunton, Somerset TA1 2RX3
£285K08/230.55 mi26, Bowmont Grove, Taunton, Somerset TA1 2RF3
£192K02/210.55 mi52, Lisieux Way, Taunton, Somerset TA1 2JZ3
£277K03/230.56 mi93, Redlake Drive, Taunton, Somerset TA1 2RU3

Local Rents

28 rents from £1.1K/mo to £3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,35009/240.18 miCreechberry Orchard, Taunton3
£1,35009/240.36 miThames Drive, Taunton3
£1,15009/240.39 miBeadon Road, TAUNTON3
£1,20009/240.57 miAshbourne Crescent, Taunton3
£1,25009/240.59 miAshbourne Crescent, Taunton3
£1,20009/240.67 miParmin Way, TA1 3
£2,70009/240.7 mi-3
£2,70012/240.7 mi-3
£2,70002/250.7 mi-3
£2,70003/250.7 mi-3
£1,40009/240.78 mi-3
£1,32509/240.85 miPoplar Road, Taunton TA13
£1,30009/240.9 miFirepool Crescent, Taunton3
£1,30009/240.9 miFirepool Crescent, Taunton3
£2,95002/240.91 mi-3
£2,95009/240.91 mi-3
£2,95009/240.91 mi-3
£2,95009/240.91 mi-3
£2,95009/240.91 mi-3
£2,95007/240.91 mi-3
£2,95008/240.91 mi-3
£2,95002/250.91 mi-3
£2,95003/250.91 mi-3
£1,40008/240.93 mi-3
£1,30009/241.01 miThe Shaulders, Taunton, 3
£1,20009/241.06 miStandfast Place, Taunton, TA23
£1,15007/241.07 mi-3
£1,30009/241.08 miEaton Crescent, Taunton3

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

1.17 miles away

Nearest school

0.20 miles away

Nearest train station

1.34 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £250,000

October 23, 2024

Floor Plans

Description

  • 1930's Semi Detached House +
  • In need of modernisation +
  • Spacious accommodation +
  • Large garden +
  • Rear access +
  • Garage and parking +

A 1930's Semi-detached, three bedroom property in need of modernisation. No onward chain.

A well located 1930’s property in need of some modernisation. The property offers well laid out accommodation and lots of potential to make a beautiful family home with of road parking, garage and large gardens. This is a great opportunity.

The property is located on the north eastern edge of the town with convenience of access to both the town centre or the dual carriageway, Bridgwater Road (A38). Taunton is easily accessible being about 2 miles away providing its extensive range of shopping, educational, sporting and cultural facilities, the property is also well placed for easy access to the M5 motorway at junction 25 Blackbrook, the town also provides a main line intercity rail link.

The front garden is mainly paved with mature shrubs and trees. The rear garden is enclosed and mainly laid to lawn but has a wealth of trees and mature hedges and bushes. There is rear access via Orchard Way.

Agent Details

Greenslade Taylor Hunt, Taunton

01823 211774

Next Steps?

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