4 Bed Detached House, Cash/Bridging Only, Taunton, TA1 3BH, £575,000

3 Mountfields Park, Taunton, Somerset, TA1 3BH - 6 months ago

Sold STC
Cash
132 m²
+16 photos

ValuationOvervalued

Sold Prices£215K - £695K
Sold Prices/m²£2K/m² - £4.9K/m²

 

 

Square Metres

132 m²
Price/m²£4.4K/m²

Value Estimate

£382,064

 

 

End Value (After Refurb)

£461,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£143,750

Stamp Duty & Legal Fees

£34,700

Refurb Costs

£53,680

Bridging Loan Interest

£15,094

Total Cash In

£248,974

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£461,250

Mortgage (After Refinance)

£345,938

Mortgage LTV

75%

Cash Left In

£248,974

Equity

£115,313

Rent Range

£1,200 - £2,950

Rent Estimate

£1,906

Running Costs/mo

£1,843

Cashflow/mo

£63

Cashflow/yr

£761

ROI

0%

Gross Yield

4%

Local Sold Prices

50 sold prices from £215K to £695K, average is £385K. £2K/m² to £4.9K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£467.5K12/220.05 mi33, Calway Road, Taunton, Somerset TA1 3EG4
£395K10/230.05 mi56, Mountfields Road, Taunton, Somerset TA1 3BJ4
£360K09/210.05 mi10, Mountfields Road, Taunton, Somerset TA1 3BQ4
£415K12/200.07 mi4, Calway Road, Taunton, Somerset TA1 3EQ4
£590K09/210.12 mi59, Mountfields Avenue, Taunton, Somerset TA1 3BW4
£695K03/210.15 mi113, South Road, Taunton, Somerset TA1 3EA4
£385K06/210.16 mi6, Harp Chase, Taunton, Somerset TA1 3RY4
£545K05/230.17 mi14, Shoreditch Road, Taunton, Somerset TA1 3BU4
£315K02/210.18 mi25, Shoreditch Road, Taunton, Somerset TA1 3BU4
£412K02/230.19 mi21, Harp Chase, Taunton, Somerset TA1 3RY4
£430K06/210.3 mi25, Kingsway, Taunton, Somerset TA1 3YD4
£360K06/210.3 mi24, Kingsway, Taunton, Somerset TA1 3YD4
£272.5K11/230.34 mi2, Larkspur Close, Taunton, Somerset TA1 3XA4
£426K10/230.36 mi26, Killams Crescent, Taunton, Somerset TA1 3YB4
£415K09/230.38 mi17, Fields End, Taunton, Somerset TA1 2LU4
£410K03/210.38 mi31, Fields End, Taunton, Somerset TA1 2LU4
£348K03/210.38 mi37, Fields End, Taunton, Somerset TA1 2LU4
£265K12/200.38 mi40, Woodrush Close, Taunton, Somerset TA1 3XB4
£480K11/230.39 mi58, Dunkleys Way, Taunton, Somerset TA1 2LX4
£330K12/220.41 mi50, Bilberry Grove, Taunton, Somerset TA1 3XN4
£285K06/230.42 mi23, Campion Drive, Taunton, Somerset TA1 3XE4
£394K08/230.42 mi12, Campion Drive, Taunton, Somerset TA1 3XE4
£328K12/200.42 mi14, Campion Drive, Taunton, Somerset TA1 3XE4
£315K09/210.43 mi88, Bilberry Grove, Taunton, Somerset TA1 3XN4
£380K12/200.43 mi84, Stoke Road, Taunton, Somerset TA1 3EL4
£320K08/210.43 mi8, Sundew Close, Taunton, Somerset TA1 3XH4
£367K04/210.43 mi3, Sundew Close, Taunton, Somerset TA1 3XH4
£385K05/230.45 mi5, Dowsland Way, Taunton, Somerset TA1 3XG4
£285K12/200.47 mi12, Celandine Mead, Taunton, Somerset TA1 3XF4
£570K06/230.48 mi45, South Road, Taunton, Somerset TA1 3DU4
£400K11/200.48 mi57, South Road, Taunton, Somerset TA1 3DU4
£390K04/210.48 mi53, South Road, Taunton, Somerset TA1 3DU4
£370K04/230.48 mi8, Celandine Mead, Taunton, Somerset TA1 3XF4
£323K03/210.49 mi24, Bluebell Close, Taunton, Somerset TA1 3XQ4
£385K09/230.49 mi14, Bluebell Close, Taunton, Somerset TA1 3XQ4
£450K10/230.51 mi63, St Josephs Field, Taunton, Somerset TA1 3TF4
£450K03/210.52 mi3, Killams Close, Taunton, Somerset TA1 3LD4
£367.5K08/230.54 mi114, South Street, Taunton, Somerset TA1 3AG4
£290K06/210.54 mi169, South Street, Taunton, Somerset TA1 3AG4
£330K08/230.54 mi106, South Street, Taunton, Somerset TA1 3AG4
£560K01/230.57 mi43, Killams Green, Taunton, Somerset TA1 3YQ4
£555K08/230.57 mi53, Killams Green, Taunton, Somerset TA1 3YQ4
£502.5K03/230.57 mi9, Killams Green, Taunton, Somerset TA1 3YQ4
£467K01/230.62 miMeade Cottage, Holway Green, Taunton, Somerset TA1 2YJ4
£370K02/240.64 mi11, Mount Street, Taunton, Somerset TA1 3QB4
£399.9K02/230.67 mi1, St Georges Square, Taunton, Somerset TA1 3RX4
£389K11/230.67 mi11, St Georges Square, Taunton, Somerset TA1 3RX4
£215K12/200.7 mi18, Theaks Mews, Taunton, Somerset TA1 3EY4
£275K02/230.71 mi12, Theaks Mews, Taunton, Somerset TA1 3EY4
£311.5K07/230.84 mi14, Mitre Court, Taunton, Somerset TA1 3ER4

Local Rents

36 rents from £1.2K/mo to £3K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,40009/240.23 mi-3
£1,30011/240.35 mi-3
£1,90009/240.38 miDunkleys Way, Hillyfields , Taunton TA1 2LX4
£1,20009/240.41 miBilberry Grove, Taunton, TA13
£1,95009/240.43 miKings Square, TAUNTON4
£1,20009/240.66 miParmin Way, TA1 3
£1,40008/240.68 mi-3
£1,40009/240.68 mi-3
£1,32509/240.72 miPoplar Road, Taunton TA13
£1,75009/240.79 miPikes Crescent, Taunton, TA13
£1,40010/240.83 mi-3
£1,47504/250.83 mi-3
£1,25009/240.85 miAshbourne Crescent, Taunton3
£1,20009/240.87 miAshbourne Crescent, Taunton3
£1,95012/240.88 mi-3
£1,25005/240.89 mi-3
£2,70009/240.96 mi-3
£2,70012/240.96 mi-3
£2,70002/250.96 mi-3
£2,70003/250.96 mi-3
£1,90011/240.99 mi-3
£1,70004/250.99 mi-3
£1,35009/241.05 miThames Drive, Taunton3
£1,35009/241.15 miSheldon Court, Taunton3
£1,70003/251.2 mi-4
£2,95002/241.21 mi-3
£2,95009/241.21 mi-3
£2,95009/241.21 mi-3
£2,95009/241.21 mi-3
£2,95009/241.21 mi-3
£2,95007/241.21 mi-3
£2,95008/241.21 mi-3
£2,95002/251.21 mi-3
£2,95003/251.21 mi-3
£1,30009/241.21 miFirepool Crescent, Taunton3
£1,30009/241.21 miFirepool Crescent, Taunton3

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

0.75 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

Listed for £575,000

October 25, 2024

Sold for £280,000

2014

Floor Plans

Description

  • Four Bedrooms +
  • Extended Detached 1930's House +
  • Separate Shower Room +
  • Mains Gas Fired Central Heating +
  • Larger Than Average Rear Garden +
  • Driveway Providing Off-Road Parking +
  • uPVC Double Glazing +
  • Three Reception Rooms +

Offered to the market is this deceptively spacious double fronted 1930's style four bedroom detached family home, which has been extensively extended by its current owners offering flexible accommodation and in excellent decorative order throughout.

The property is warmed via a mains gas fired central heating system and a wood burner and is uPVC double glazed throughout.

Externally, there is a larger than average enclosed rear garden which is predominantly laid to lawn with mature trees, offering a good degree of privacy and a driveway to the front providing off-road parking for several vehicles.

The accommodation comprises in brief; entrance hallway with feature floor and doors leading to both the second reception room (with original brick fireplace with an electric wood burner effect fire and feature picture rails and window seat) and the living room. Both rooms have a uPVC double glazed window providing aspect to the front. The kitchen is fitted with a range of matching wall and base storage units with quartz work surfaces above, integrated dishwasher, integrated fridge, integrated separate freezer, Rangemaster range cooker with induction hob and double oven and grill with extractor fan above. A further doorway from the kitchen gives access to the study and gym/3rd reception room. To the first floor are four good size bedrooms and a separate shower room. The accommodation is completed with a modern bathroom comprising rolled top bath with shower over, low level wc and a wash hand basin inset into a vanity unit. Externally, the property is approached via a shared driveway, which has a shared responsibility with the additional four neighbours. There is an enclosed rear garden which is accessed via either side of the property. Predominantly the rear garden is laid to lawn with many trees offering a good degree of privacy. There is also outside electric and lighting and an outside tap. The hot tub is available for sale under separate negotiations. To the front of the property there is a mature hedgerow, and a block pavior driveway providing off-road parking.

GENERAL REMARKS AND STIPULATIONS:
Tenure: The property is offered for sale freehold by private treaty with vacant possession on completion.
Services: Mains water with meter, mains electricity, mains drainage, gas fired central heating.
Local Authority: Somerset Council, County Hall, The Crescent, Taunton, Somerset, TA1 4DY
Property Location: w3w.co/bond.ranch.across
Council Tax Band: E
EPC: D
Broadband Availability: Ultrafast with up to 1000 Mbps download speed and 220 Mbps upload speed.
Mobile Phone Coverage: Indoor-voice & data likely with EE; limited voice & data with Three & Vodafone. Outdoor-voice & data likely with EE, Three, O2 & Vodafone.
Flood Risk: Rivers & Sea-very low. Surface water-low.
Agents Note: This property belongs to a member of staff of Wilkie May & Tuckwood.
Agents Note: We understand that the property is accessed via a private road.

IMPORTANT NOTICE Wilkie May & Tuckwood for themselves and for the vendors of the property, whose agents they are, give notice that: 1. the particulars are intended to give a fair and substantially correct overall description for the guidance of intending purchaser and do not constitute part of an offer or contract. Prospective purchasers and lessees ought to seek their own professional advice. 2. All descriptions, dimensions, areas, reference to condition and necessary permissions for use and occupation and other details are given in good faith, and are believed to be correct, but any intending purchasers should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. 3. No person in the employment of Wilkie May & Tuckwood has any authority to make or give any representations or warranty whatever in relation to this property on behalf of Wilkie May & Tuckwood, nor enter into any contract on behalf of the vendor. 4. No responsibility can be accepted for any expenses incurred by intending purchasers in inspecting properties which have been sold, let or withdrawn. Photographs taken and details prepared October 2024. MEASUREMENTS AND OTHER INFORMATION All measurements are approximate and have been taken by Nichecom. While we endeavour to make our sales particular accurate and reliable, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the information with you.
Code of Practice for Residential Estate Agents: Effective from 1 August 2011:
'8. Financial Evaluation 8a At the time that an offer has been made and is being considered by the seller, you must take reasonable steps to find out from the prospective buyer the source and availability of his funds for buying the property and pass this information to the seller. Such information will include whether the prospective buyer needs to sell a property, requires a mortgage, claims to be a cash buyer or any combination of these. Such relevant information that is available should be included in the Memorandum of Sale having regard to the provisions of the Data Protection Act.8b These reasonable steps must continue after acceptance of the offer until exchange of contracts (in Scotland, conclusion of missives) and must include regular monitoring of the prospective buyer's progress in achieving the funds required, and reporting such progress to the seller.
The agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for their purpose. A Buyer is advised to obtain verification from their solicitor or surveyor. References to the Tenure of the Property are based on information supplied by the Seller. The agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor.

Agent Details

Wilkie May & Tuckwood, Taunton

01823 212604

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪