2 Bed Flat, Cash/Bridging Only, Taunton, TA2 6BW, £200,000

Marshall Court, Station Road. TA2 6BW - 5 months ago

Sold STC
Cash
ROI: 3%
~68 m²
+2 photos

ValuationOvervalued

Sold Prices£60K - £215.9K
Sold Prices/m²£1.1K/m² - £6.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£151,725

 

 

End Value (After Refurb)

£180,123

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£27,698

Bridging Loan Interest

£5,250

Total Cash In

£91,898

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£180,123

Mortgage (After Refinance)

£135,092

Mortgage LTV

75%

Cash Left In

£91,898

Equity

£45,031

Rent Range

£900 - £1,200

Rent Estimate

£1,014

Running Costs/mo

£786

Cashflow/mo

£228

Cashflow/yr

£2,740

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £60K to £215.9K, average is £138K. £1.1K/m² to £6.8K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£150.3K08/220.08 mi71, Morse Road, Norton Fitzwarren, Taunton, Somerset TA2 6BS2
£121.5K05/210.08 mi73, Morse Road, Norton Fitzwarren, Taunton, Somerset TA2 6BS2
£126K06/210.08 mi72, Morse Road, Norton Fitzwarren, Taunton, Somerset TA2 6BS2
£130K02/210.14 mi52, Mill House Road, Norton Fitzwarren, Taunton, Somerset TA2 6DA2
£128K11/210.14 mi51, Mill House Road, Norton Fitzwarren, Taunton, Somerset TA2 6DA2
£155K02/230.37 mi53, Yarlington Close, Norton Fitzwarren, Taunton, Somerset TA2 6RR2
£125K10/200.84 mi24, Farrant Close, Bishops Hull, Taunton, Somerset TA1 5EL2
£138K03/210.84 mi2, Parsonage Court, Bishops Hull, Taunton, Somerset TA1 5HR2
£132K11/230.85 mi73, Darwin Close, Taunton, Somerset TA2 6TR2
£105K02/240.86 mi18, Parsonage Court, Bishops Hull, Taunton, Somerset TA1 5HR2
£156K06/231.02 mi11, Haydon Close, Bishops Hull, Taunton, Somerset TA1 5HF2
£150K03/231.02 mi8, Haydon Close, Bishops Hull, Taunton, Somerset TA1 5HF2
£120K11/201.17 mi7a, Smithy, Bishops Hull, Taunton, Somerset TA1 5DT2
£148K06/231.28 miFlat 19, Monmouth Court, Bindon Road, Taunton, Somerset TA2 6AX2
£110K02/211.28 miFlat 1, Monmouth Court, Bindon Road, Taunton, Somerset TA2 6AX2
£152K08/231.41 mi66c, Deane Drive, Taunton, Somerset TA1 5PR2
£167K08/231.52 mi181a, Greenway Road, Taunton, Somerset TA2 6LQ2
£173K12/231.53 miFlat 6, Chamberlain House, Richmond Road, Taunton, Somerset TA1 1EP2
£215.9K01/231.73 miFlat 10, Elm Park, Elm Grove, Taunton, Somerset TA1 1EH2
£175K10/231.77 miFlat 3, Essex Court, Essex Drive, Taunton, Somerset TA1 4JZ2
£176K05/231.78 miFlat 28, Summerfield Court, French Weir Close, Taunton, Somerset TA1 1XJ2
£175K06/231.78 miFlat 7, Summerfield Court, French Weir Close, Taunton, Somerset TA1 1XJ2
£155K10/211.79 miFlat 2, Wiltshire Court, Wiltshire Close, Taunton, Somerset TA1 4JS2
£125K12/201.8 mi23, Northfield Gardens, Taunton, Somerset TA1 1XN2
£60K11/201.81 mi2, Northfield Gardens, Taunton, Somerset TA1 1XN2
£154.5K04/211.82 mi14, Park View, Cotford St Luke, Taunton, Somerset TA4 1LX2
£191K05/221.83 mi2, Rogers Walk, Cotford St Luke, Taunton, Somerset TA4 1HY2
£124.6K06/211.84 mi17, Northfield Gardens, Taunton, Somerset TA1 1XN2
£138K04/211.84 mi1, Rupert Street, Taunton, Somerset TA2 6JT2
£138K04/211.84 mi1, Rupert Street, Taunton, Somerset TA2 6JT2
£128.5K06/211.84 mi3, Rupert Street, Taunton, Somerset TA2 6JT2
£160K05/211.85 miFlat 4, Bath House Court, Wellington Road, Taunton, Somerset TA1 4EQ2
£180K10/201.85 miFlat 8, Bath House Court, Wellington Road, Taunton, Somerset TA1 4EQ2
£155K03/231.87 miFlat 10, Avongrove Court, The Avenue, Taunton, Somerset TA1 1TL2
£140K10/201.87 miFlat 10, Avongrove Court, The Avenue, Taunton, Somerset TA1 1TL2
£137K09/211.87 miFlat 44, Seville Court, Burchs Close, Taunton, Somerset TA1 4TR2
£133K09/211.87 mi38, Gladstone Street, Taunton, Somerset TA2 6LY2
£156.6K01/231.87 mi39, Gladstone Street, Taunton, Somerset TA2 6LY2
£110K10/201.87 mi45, Gladstone Street, Taunton, Somerset TA2 6LY2
£125K09/211.87 mi50, Gladstone Street, Taunton, Somerset TA2 6LY2
£125K09/221.9 mi35b, Greenway Road, Taunton, Somerset TA2 6LA2
£136K09/231.91 miGround Floor Flat, 43, William Street, Taunton, Somerset TA2 6HG2
£120K10/201.91 miGround Floor Flat, 43, William Street, Taunton, Somerset TA2 6HG2
£193K01/231.94 miFlat 9, Haseley Court, Ferndown Close, Taunton, Somerset TA1 4TL2
£180K02/241.95 miHaseley Court, Flat 11, Ferndown Close, Taunton, Somerset TA1 4TL2
£180K07/231.95 miFlat 4, Blythe Court, Ferndown Close, Taunton, Somerset TA1 4TJ2
£182K01/231.95 miFlat 9, Blythe Court, Ferndown Close, Taunton, Somerset TA1 4TJ2
£130K03/211.95 miFlat 6, Dovetail Court, Park Street, Taunton, Somerset TA1 4DF2
£122K12/201.95 miFlat 8, Dovetail Court, Park Street, Taunton, Somerset TA1 4DF2
£105K06/211.95 mi11c, Park Street, Taunton, Somerset TA1 4DF2

Local Rents

11 rents from £900/mo to £1.2K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£90009/240.01 miMarshall Court, Norton Fitzwarren, Somerset2
£95001/240.14 mi-2
£95012/230.14 mi-2
£1,10009/240.16 miMorse Road, Norton Fitzwarren, Taunton2
£1,10001/240.19 mi-2
£92509/240.24 mi-2
£92509/240.24 mi-2
£92507/240.24 mi-2
£1,20009/240.48 miApple Tree Close, Norton Fitzwarren, TAUNTON2
£1,10003/250.52 mi-2
£99002/240.54 mi-2

Local Area Statistics

Population in TA2

26,588

Population in Taunton

85,088

Town centre distance

2.38 miles away

Nearest school

0.20 miles away

Nearest train station

2.03 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £200,000

October 30, 2024

Floor Plans

Description

  • Modern two bedroom coach house +
  • Entrance hallway +
  • Spacious living room +
  • Modern fitted kitchen +
  • Bathroom +
  • Garage and parking +

A rare gem located in the heart of Norton Fitzwarren, close to the local amenities with a garage and parking.

This freehold property is offered to the market in excellent condition and offers a range of features to include two double bedrooms, both with built in cupboards and an open plan living area with dual windows offering an abundance of natural light. The kitchen is modern and well presented with space for under counter appliances.

This is not one to miss, call now to book your viewing.

The internal accommodation offers:

Entrance hallway

Living room 17'10 x 10'6

Kitchen 13'9 x 7'1

Bedroom One 11'5 x 10'6

Bedroom Two 11'3 x 10'3

Bathroom

National trading standards have ruled that agents must give information which is material to the decision-making process of the average consumer. Below is a list of additional information about the property believed to be ‘material’.

Utilities – • Electricity supply – Mains electricity • Water supply – Mains water • Sewerage - Mains sewage • Heating – Gas central heating • Broadband – Ultrafast Full Fibre Broadband • Mobile signal/coverage – limitedVoice and Data across EE and Three, Vodaphone and O2.

IMPORTANT NOTICE: The Property Centre 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 The Property Centre has any authority to make or give any representations or warranty whatever in relation to this property on behalf of The Property Centre, 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. While we endeavour to make our sales particulars 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

The Property Centre, Taunton

01823 589603

Next Steps?

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