3 Bed Terraced House, Cash/Bridging Only, Taunton, TA2 6HJ, £220,000

25 Herbert Street, Taunton, TA2 6HJ - 3 views - 6 months ago

Cash
ROI: 11%
~92 m²
+10 photos

ValuationFair Value

Sold Prices£159K - £370K
Sold Prices/m²£1.3K/m² - £3.8K/m²

 

 

Square Metres

~91.50 m²
Price/m²£2.4K/m²

Value Estimate

£222,200

 

 

End Value (After Refurb)

£215,476

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£12,200

Refurb Costs

£37,210

Bridging Loan Interest

£5,775

Total Cash In

£111,935

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£215,476

Mortgage (After Refinance)

£161,607

Mortgage LTV

75%

Cash Left In

£111,935

Equity

£53,869

Rent Range

£1,250 - £2,950

Rent Estimate

£2,125

Running Costs/mo

£1,118

Cashflow/mo

£1,007

Cashflow/yr

£12,080

ROI

11%

Gross Yield

12%

Local Sold Prices

51 sold prices from £159K to £370K, average is £241K. £1.3K/m² to £3.8K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£285K06/230 mi35, Herbert Street, Taunton, Somerset TA2 6HJ3
£185K03/210.03 mi15, William Street, Taunton, Somerset TA2 6HG3
£222.5K08/230.03 mi49, William Street, Taunton, Somerset TA2 6HG3
£202K03/210.05 mi5, Maxwell Street, Taunton, Somerset TA2 6HR3
£240K05/240.05 mi19, Maxwell Street, Taunton, Somerset TA2 6HR3
£260K02/230.05 mi21, Maxwell Street, Taunton, Somerset TA2 6HR3
£274K09/210.07 mi28, Maxwell Street, Taunton, Somerset TA2 6HS3
£240K10/200.07 mi19, Greenway Avenue, Taunton, Somerset TA2 6HU3
£200K03/210.07 mi15, Greenway Avenue, Taunton, Somerset TA2 6HU3
£159K03/230.07 mi8, Greenway Avenue, Taunton, Somerset TA2 6HU3
£243K12/200.07 mi3, Greenway Avenue, Taunton, Somerset TA2 6HU3
£247.5K06/230.08 mi7, Cyril Street, Taunton, Somerset TA2 6HW3
£244K03/210.09 mi55, Greenway Avenue, Taunton, Somerset TA2 6HZ3
£315K03/230.09 mi48, Greenway Avenue, Taunton, Somerset TA2 6HZ3
£294.5K05/230.09 mi52, Greenway Avenue, Taunton, Somerset TA2 6HZ3
£230K07/230.1 mi47, St Andrews View, Taunton, Somerset TA2 6JU3
£230K07/230.1 mi47, St Andrews View, Taunton, Somerset TA2 6JU3
£185K09/230.1 mi27, Fowler Street, Taunton, Somerset TA2 6JB3
£305K03/240.11 mi29, Greenway Avenue, Taunton, Somerset TA2 6HY3
£160K04/230.12 mi17, Jubilee Street, Taunton, Somerset TA2 6JA3
£257.5K01/230.13 mi37, Greenway Road, Taunton, Somerset TA2 6LA3
£241K01/230.15 mi4, Greenway Road, Taunton, Somerset TA2 6LB3
£213.5K01/240.15 mi18, Greenway Road, Taunton, Somerset TA2 6LB3
£365K09/230.17 mi11, Chip Lane, Taunton, Somerset TA1 1BY3
£198K06/210.18 mi65, Greenway Road, Taunton, Somerset TA2 6LD3
£228K12/200.18 mi76, Belvedere Road, Taunton, Somerset TA1 1BX3
£185K06/210.19 mi37, Portman Street, Taunton, Somerset TA2 7BT3
£190K07/230.19 mi43, Portman Street, Taunton, Somerset TA2 7BT3
£165K11/200.2 mi10, Winston Close, Taunton, Somerset TA2 6JS3
£225K04/210.2 mi45, Cyril Street West, Taunton, Somerset TA2 6JD3
£207.5K04/210.2 mi9, Winston Close, Taunton, Somerset TA2 6JS3
£220K10/230.21 mi64, Greenway Road, Taunton, Somerset TA2 6LE3
£365K01/240.21 mi74, Greenway Road, Taunton, Somerset TA2 6LE3
£300K09/230.22 mi18, Leslie Avenue, Taunton, Somerset TA2 6JN3
£300K05/230.24 mi9, Addison Grove, Taunton, Somerset TA2 6JF3
£265K10/230.24 mi97, Kingston Road, Taunton, Somerset TA2 7SN3
£240K10/200.24 mi54, George Street, Taunton, Somerset TA2 7DE3
£350K03/230.24 mi43, Leslie Avenue, Taunton, Somerset TA2 6JW3
£290K11/230.24 mi13, Albemarle Road, Taunton, Somerset TA1 1BB3
£225K06/210.25 mi44, Addison Grove, Taunton, Somerset TA2 6JG3
£280K09/230.26 mi73, Cyril Street West, Taunton, Somerset TA2 6JE3
£205K12/230.28 mi35, George Street, Taunton, Somerset TA2 7DF3
£370K06/210.28 mi96, Greenway Road, Taunton, Somerset TA2 6LF3
£250K10/210.29 mi63, Greenway Crescent, Taunton, Somerset TA2 6NH3
£370K03/230.29 mi42, Greenway Crescent, Taunton, Somerset TA2 6NH3
£340K06/210.29 mi2a, Greenway Crescent, Taunton, Somerset TA2 6NG3
£272K12/200.29 miSunnydale, 37, Greenway Crescent, Taunton, Somerset TA2 6NG3
£330K07/230.29 mi43, Greenway Crescent, Taunton, Somerset TA2 6NG3
£235K12/200.29 mi58, Addison Grove, Taunton, Somerset TA2 6JH3
£322K05/240.29 mi53, Addison Grove, Taunton, Somerset TA2 6JH3
£225K05/210.3 mi54, Greenway Crescent, Taunton, Somerset TA2 6NH3

Local Rents

18 rents from £1.3K/mo to £3K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£1,25002/250.24 mi-3
£1,25009/240.26 mi-3
£1,35010/240.28 mi-3
£1,35009/240.36 miWoodstock Road3
£1,25009/240.42 miRichmond Road, Taunton, TA13
£1,30009/240.44 miEaton Crescent, Taunton3
£1,35009/240.48 miSheldon Court, Taunton3
£2,95002/240.59 mi-3
£2,95009/240.59 mi-3
£2,95009/240.59 mi-3
£2,95009/240.59 mi-3
£2,95009/240.59 mi-3
£2,95007/240.59 mi-3
£2,95008/240.59 mi-3
£2,95002/250.59 mi-3
£2,95003/250.59 mi-3
£1,30009/240.59 miFirepool Crescent, Taunton3
£1,30009/240.6 miFirepool Crescent, Taunton3

Local Area Statistics

Population in TA2

26,588

Population in Taunton

85,088

Town centre distance

0.79 miles away

Nearest school

0.10 miles away

Nearest train station

0.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £220,000

November 1, 2024

Floor Plans

Description

  • Three Bedrooms +
  • Mid Terrace +
  • Double Glazed +
  • Mains Gas Fired Central Heating +
  • Modernisation Required +
  • Vacant Possession +
  • No Onward Chain +
  • Courtyard Garden +

The accommodation is arranged over two floors and comprises in brief; entrance hallway with stairs rising to the first floor, living room with bay window providing aspect to the front, dining room with a gas fire and window providing aspect to the rear, kitchen with a selection of matching wall and base storage units with work surfaces above, space and plumbing for a washing machine and space for a cooker. There is a ground floor bathroom comprising low level wc, wash hand basin and panelled bath. The ground floor accommodation is completed with a rear porch which has a uPVC double glazed door providing access into the rear garden. On the first floor there are three bedrooms (bedroom one with an en-suite WC and wash hand basin). Externally, there is a fully enclosed courtyard garden predominantly laid to paving with a timber shed and greenhouse. To the front of the property there is a smaller area of garden, ideal for storage of bins/recycling boxes etc.

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/dined.camp.opera
Council Tax Band: B
EPC: D
Broadband Availability: Ultrafast with up to 1000 Mbps download speed and 220 Mbps upload speed.
Mobile Phone Coverage: Indoor- voice & data limited with EE, Three, O2 & Vodafone. Outdoor-voice & data likely with EE, Three, O2 &Vodafone.
Flood Risk: Rivers & Sea-very low. Surface water-very low.

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?

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