3 Bed Bungalow, Refurb/BRRR, Taunton, TA3 6TN, £550,000

Hatch Green, Hatch Beauchamp, TA3 6TN - 1 views - 6 months ago

Sold STC
Refurb/BRRR
~93 m²
+14 photos

ValuationOvervalued

Sold Prices£226K - £792.5K
Sold Prices/m²£2.3K/m² - £7.9K/m²

 

 

Square Metres

~93 m²
Price/m²£5.9K/m²

Value Estimate

£337,289

 

 

End Value (After Refurb)

£500,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£32,700

Refurb Costs

£37,820

Bridging Loan Interest

£14,438

Total Cash In

£224,208

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£500,000

Mortgage (After Refinance)

£375,000

Mortgage LTV

75%

Cash Left In

£224,208

Equity

£125,000

Rent Range

£1,800 - £1,800

Rent Estimate

£1,800

Running Costs/mo

£1,943

Cashflow/mo

£-142

Cashflow/yr

£-1,710

Gross Yield

4%

Local Sold Prices

22 sold prices from £226K to £792.5K, average is £361.2K. £2.3K/m² to £7.9K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£525K12/200.04 miHatch Green Cottage, Hatch Green, Hatch Beauchamp, Taunton, Somerset TA3 6TN3
£250K04/230.52 mi8, Neroche View, Hatch Beauchamp, Taunton, Somerset TA3 6AD3
£320K11/220.56 mi1, Nightingale Acre, Hatch Beauchamp, Taunton, Somerset TA3 6TF3
£255K06/210.57 mi2, Nightingale Acre, Hatch Beauchamp, Taunton, Somerset TA3 6TF3
£265K04/210.7 mi4, Crimthorne Cottages, Hatch Beauchamp, Taunton, Somerset TA3 6SW3
£295K06/211.29 miSornith, Wood Road, Ashill, Ilminster, Somerset TA19 9NP3
£310K06/231.47 miKenny Lodge, Kenny, Ashill, Ilminster, Somerset TA19 9NH3
£226K03/231.5 mi2, Meare Elm Cottages, West Hatch, Taunton, Somerset TA3 5RQ3
£372.5K10/211.62 miFairways, Wood Road, Ashill, Ilminster, Somerset TA19 9NR3
£280K12/221.77 mi10, Harvey Way, Ashill, Ilminster, Somerset TA19 9QD3
£792.5K01/231.96 miLangton, West Hay Road, Wrington, Bristol, North Somerset BS40 5NN3
£515K11/202.22 miJasmine Cottage, Lower Street, Curry Mallet, Taunton, Somerset TA3 6TD3
£500K11/222.25 miElm Cottage, Higher Street, Curry Mallet, Taunton, Somerset TA3 6SU3
£540K06/232.25 miHulls Place, Higher Street, Curry Mallet, Taunton, Somerset TA3 6SU3
£452K09/222.83 miAvondale, The Pound, Broadway, Ilminster, Somerset TA19 9RA3
£595K05/212.88 miThe Old Bakehouse, Broadway Road, Broadway, Ilminster, Somerset TA19 9RB3
£377.5K11/232.95 miStanderwick Cottage, Goose Lane, Broadway, Ilminster, Somerset TA19 9RU3
£264K11/232.95 mi8, Standerwick Orchard, Broadway, Ilminster, Somerset TA19 9SL3
£385K02/232.95 mi37, Standerwick Orchard, Broadway, Ilminster, Somerset TA19 9SL3
£320K11/202.95 mi4, Standerwick Orchard, Broadway, Ilminster, Somerset TA19 9SL3
£575K01/232.96 mi6, Carlan Stepps, Broadway, Ilminster, Somerset TA19 9SD3
£349.9K03/213 mi2, Broadway Road, Horton, Ilminster, Somerset TA19 9RX3

Local Rents

1 rents from £1.8K/mo to £1.8K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,80009/240.65 miBeauchamp Gardens, Hatch Beauchamp, Taunton, Somerset2

Local Area Statistics

Population in TA3

14,212

Population in Taunton

85,088

Town centre distance

5.23 miles away

Nearest school

0.60 miles away

Nearest train station

5.77 miles away

 

 

Rental growth (12m)

-16%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £550,000

October 30, 2024

Sold for £450,000

2022

Sold for £280,000

2007

Floor Plans

Description

  • A 3 double bedroom detached bungalow +
  • Located in a rural position on a no through road +
  • Convenient access to the A358, A303 and M5 +
  • Backing onto open countryside +
  • Master with en-suite +
  • Flexible living accommodation +
  • Spacious level lawned garden with multiple storage sheds +
  • Newly fitted carpets, re-decorated and landscaped gardens +
  • Off road parking for multiple vehicles +
  • Cloakroom +

This deceptively spacious 3 double bedroom detached bungalow is versatile in its' use depending on family size. Set in a no through road with a spacious wrap around garden which backs onto open countryside, this property is ideal for those looking for country living whilst being within convenient access to all arterial road links. If you were planning to grow your own there is a vegetable patch you can potter in. There are 2 large bright and airy reception rooms, one with a wood burning stove, together with a study if you were looking to work from home. Further benefits include off road parking for multiple vehicles, uPVC double glazing, cloakroom, master with en-suite and oil fired central heating. There has been recent renovation and improvement by the existing owner, including re-decoration, re-carpeting and a complete re-generation of the garden, so all you need to do is move your furniture in and enjoy this lovely country residence.

Agent Details

English Homes, Langport

01458 552268

Next Steps?

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