3 Bed Terraced House, Refurb/BRRR, Taunton, TA1 1UY, £200,000

8 Portland Street, Taunton, TA1 1UY - 20 views - 5 months ago

Cash
Refurb/BRRR
ROI: 15%
50 m²
+8 photos

ValuationOvervalued

Sold Prices£150K - £445K
Sold Prices/m²£1.7K/m² - £5K/m²

 

 

Square Metres

50 m²
Price/m²£4K/m²

Value Estimate

£127,242

 

 

End Value (After Refurb)

£128,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£20,333

Bridging Loan Interest

£5,250

Total Cash In

£84,533

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£128,750

Mortgage (After Refinance)

£96,563

Mortgage LTV

75%

Cash Left In

£84,533

Equity

£32,188

Rent Range

£1,150 - £2,950

Rent Estimate

£1,881

Running Costs/mo

£799

Cashflow/mo

£1,082

Cashflow/yr

£12,989

ROI

15%

Gross Yield

11%

Local Sold Prices

50 sold prices from £150K to £445K, average is £258.8K. £1.7K/m² to £5K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£310K02/210 mi22, Portland Street, Taunton, Somerset TA1 1UY3
£208K02/210 mi16, Portland Street, Taunton, Somerset TA1 1UY3
£332K11/210 mi1, Portland Street, Taunton, Somerset TA1 1UY3
£305K09/210.06 mi37, Cleveland Street, Taunton, Somerset TA1 1XD3
£200K09/210.1 mi48, Wood Street, Taunton, Somerset TA1 1UW3
£226K06/210.1 mi20, Greenbrook Terrace, Taunton, Somerset TA1 1UT3
£320K04/210.13 mi4, Northfield Avenue, Taunton, Somerset TA1 1XF3
£445K11/230.15 miOakleigh, Riverside, Taunton, Somerset TA1 1XG3
£245K02/210.18 mi16, Staplegrove Road, Taunton, Somerset TA1 1DQ3
£330K12/200.24 mi7, St Johns Road, Taunton, Somerset TA1 4AZ3
£299.9K04/210.26 mi92, Staplegrove Road, Taunton, Somerset TA1 1DN3
£272K12/210.29 mi35, Weirfield Green, Taunton, Somerset TA1 1AZ3
£290K11/230.3 mi13, Albemarle Road, Taunton, Somerset TA1 1BB3
£228K12/200.3 mi76, Belvedere Road, Taunton, Somerset TA1 1BX3
£365K09/230.32 mi11, Chip Lane, Taunton, Somerset TA1 1BY3
£422.9K10/230.34 mi7, Tatham Court, Taunton, Somerset TA1 5QZ3
£335K12/200.36 mi33, Aylands Road, Taunton, Somerset TA1 5BA3
£325K02/210.36 mi31, Aylands Road, Taunton, Somerset TA1 5BA3
£310K04/230.39 mi50, Richmond Road, Taunton, Somerset TA1 1EP3
£360K09/210.43 mi37, Wellington Road, Taunton, Somerset TA1 5AR3
£225K12/230.44 mi14, Palmerston Road, Taunton, Somerset TA1 1ER3
£189.8K05/210.44 mi17, Palmerston Road, Taunton, Somerset TA1 1ER3
£260K06/210.44 mi29, Palmerston Road, Taunton, Somerset TA1 1ER3
£280K08/230.44 mi46, Palmerston Road, Taunton, Somerset TA1 1ER3
£365K01/230.45 mi3, Wilton Grove, Taunton, Somerset TA1 4HA3
£205K11/210.46 mi79, St Augustine Street, Taunton, Somerset TA1 1QL3
£257.5K07/230.46 mi109, St Augustine Street, Taunton, Somerset TA1 1QL3
£206K04/210.46 mi87, St Augustine Street, Taunton, Somerset TA1 1QL3
£377.5K03/240.47 mi28a, Parkfield Drive, Taunton, Somerset TA1 5BT3
£247.5K06/230.47 mi7, Cyril Street, Taunton, Somerset TA2 6HW3
£195K01/210.48 mi23, Stephen Street, Taunton, Somerset TA1 1LD3
£200K10/200.49 mi21, Roughmoor Crescent, Taunton, Somerset TA1 1EU3
£285K06/230.49 mi35, Herbert Street, Taunton, Somerset TA2 6HJ3
£383K08/230.49 mi9, Manor Drive, Taunton, Somerset TA1 4RP3
£240K05/240.49 mi19, Maxwell Street, Taunton, Somerset TA2 6HR3
£202K03/210.49 mi5, Maxwell Street, Taunton, Somerset TA2 6HR3
£222.5K08/230.49 mi49, William Street, Taunton, Somerset TA2 6HG3
£185K03/210.49 mi15, William Street, Taunton, Somerset TA2 6HG3
£228K03/210.49 mi31, Vivary Road, Taunton, Somerset TA1 3JW3
£170K11/200.5 mi99, Winchester Street, Taunton, Somerset TA1 1QE3
£185K01/210.5 mi88, Winchester Street, Taunton, Somerset TA1 1QE3
£274K09/210.5 mi28, Maxwell Street, Taunton, Somerset TA2 6HS3
£260K02/230.5 mi21, Maxwell Street, Taunton, Somerset TA2 6HR3
£184K09/210.5 mi7, Laburnum Street, Taunton, Somerset TA1 1LA3
£257K01/240.5 mi1, Laburnum Street, Taunton, Somerset TA1 1LA3
£360K12/230.51 mi42, Ashley Road, Taunton, Somerset TA1 5BP3
£225K04/210.51 mi45, Cyril Street West, Taunton, Somerset TA2 6JD3
£185K09/230.51 mi27, Fowler Street, Taunton, Somerset TA2 6JB3
£284K04/210.51 mi36, Vivary Road, Taunton, Somerset TA1 3JP3
£150K12/200.51 mi53, St Augustine Street, Taunton, Somerset TA1 1QH3

Local Rents

33 rents from £1.1K/mo to £3K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,35009/240.07 miSheldon Court, Taunton3
£1,35009/240.29 miWoodstock Road3
£1,25009/240.36 miRichmond Road, Taunton, TA13
£1,95001/250.54 mi-3
£1,50009/240.54 miTaunton, TA13
£1,90011/240.62 mi-3
£1,75009/240.64 miManor Orchard, Taunton, TA13
£1,25002/250.67 mi-3
£2,95002/240.73 mi-3
£2,95009/240.73 mi-3
£2,95009/240.73 mi-3
£2,95009/240.73 mi-3
£2,95009/240.73 mi-3
£2,95007/240.73 mi-3
£2,95008/240.73 mi-3
£2,95002/250.73 mi-3
£2,95003/250.73 mi-3
£1,30009/240.73 miFirepool Crescent, Taunton3
£1,30009/240.74 miFirepool Crescent, Taunton3
£1,25009/240.74 mi-3
£1,40008/240.74 mi-3
£1,30009/240.75 miEaton Crescent, Taunton3
£1,35010/240.76 mi-3
£2,70009/240.86 mi-3
£2,70012/240.86 mi-3
£2,70002/250.86 mi-3
£2,70003/250.86 mi-3
£1,40009/240.91 mi-3
£1,25005/240.95 mi-3
£1,75009/240.99 miPikes Crescent, Taunton, TA13
£1,40009/241 mi-3
£1,20009/241.13 miParmin Way, TA1 3
£1,15009/241.24 miBeadon Road, TAUNTON3

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

0.51 miles away

Nearest school

0.10 miles away

Nearest train station

0.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £200,000

October 30, 2024

Description

  • Mid Terrace Home +
  • Three Bedrooms +
  • Enclosed Courtyard Garden +
  • Close To Taunton Town Centre And French Weir Park +
  • In Need Of Modernisation +

Situated in the popular residential location of French Weir within close walking distance of Taunton town centre and French Weir Park is this three bedroom older style home.

The property which is offered to the market with vacant possession would benefit from updating however offering great scope to create a superb, well located family home.

Internally a front door leads into entrance hall. There is a good size living room with front aspect window and a separate dining room. The kitchen is fitted with a sink, drainer and space for a cooker along with a door to the outside. There is also a ground floor cloakroom and handbasin. To the first floor are three bedrooms. Externally, there is an enclosed courtyard garden to the rear.

The property is situated in an area of residents permit parking that is administered on a first come, first served basis-permits available to buy from Somerset Council.

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.
Local Authority: Somerset Council, County Hall, The Crescent, Taunton, Somerset, TA1 4DY
Property Location: w3w.co/feel.invest.tube
Council Tax Band: B
EPC: G
Broadband Availability: Ultrafast with up to 1000 Mbps download speed and 220 Mbps upload speed.
Mobile Phone Coverage: Indoor-voice & data likely with O2 & Vodafone; limited voice & data with EE & Three. Outdoor-voice & data likely with EE, Three, O2 & Vodafone.
Flood Risk: Rivers & Sea-very low. Surface water-low.
Agents Note: With the current EPC rating, this property cannot be let.

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. 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?

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