3 Bed Terraced House, Refurb/BRRR, Taunton, TA4 2JY, £205,000

MARKET HOUSE North Street, Taunton, Somerset, TA4 2JY - 1 views - 5 months ago

Refurb/BRRR
~93 m²
+3 photos

ValuationFair Value

Sold Prices£178K - £558K
Sold Prices/m²£1.4K/m² - £4.9K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£205,000

 

 

End Value (After Refurb)

£294,088

Uplift in Value

+43%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£51,250

Stamp Duty & Legal Fees

£7,350

Refurb Costs

£38,000

Bridging Loan Interest

£5,381

Total Cash In

£103,731

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£294,088

Agent Fees (1%)

£2,941

Bridging Loan

£153,750

Bridging Loan Interest

£5,381

Flip Profit

£33,666

Local Sold Prices

29 sold prices from £178K to £558K, average is £285K. £1.4K/m² to £4.9K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£233K10/220.03 mi9, Market Place, Wiveliscombe, Taunton, Somerset TA4 2PJ3
£440K03/240.05 miMorecroft, West Street, Wiveliscombe, Taunton, Somerset TA4 2JP3
£530K03/210.1 miLamberts, Hauling Way, Wiveliscombe, Taunton, Somerset TA4 2PP3
£315K02/230.11 mi33, Golden Hill, Wiveliscombe, Taunton, Somerset TA4 2NT3
£325K12/230.12 mi2, Eastleigh Close, Wiveliscombe, Taunton, Somerset TA4 2LH3
£305K11/200.12 mi13, Spring Gardens, Wiveliscombe, Taunton, Somerset TA4 2LQ3
£280K12/220.12 mi18, Spring Gardens, Wiveliscombe, Taunton, Somerset TA4 2LQ3
£270K03/210.13 mi8, Church Street, Wiveliscombe, Taunton, Somerset TA4 2LR3
£199.9K01/210.13 mi8, Bollams Mead, Wiveliscombe, Taunton, Somerset TA4 2PH3
£285K02/230.14 mi10, Bollams Mead, Wiveliscombe, Taunton, Somerset TA4 2PH3
£205K12/200.16 mi47, Golden Hill, Wiveliscombe, Taunton, Somerset TA4 2NU3
£205K12/200.16 mi47, Golden Hill, Wiveliscombe, Taunton, Somerset TA4 2NU3
£235K06/210.18 mi18 Parricks Place, South Street, Wiveliscombe, Taunton, Somerset TA4 2LZ3
£350K10/200.18 mi1a, South Street, Wiveliscombe, Taunton, Somerset TA4 2LZ3
£178K04/210.18 mi46, Northgate, Wiveliscombe, Taunton, Somerset TA4 2LF3
£212.5K06/230.19 mi13, Coopers Heights, Wiveliscombe, Taunton, Somerset TA4 2YB3
£385K06/210.2 mi1, Masons Square, Wiveliscombe, Taunton, Somerset TA4 2NS3
£285K03/240.21 mi16, Style Road, Wiveliscombe, Taunton, Somerset TA4 2LN3
£558K07/230.22 miCollards, Ford Road, Wiveliscombe, Taunton, Somerset TA4 2NJ3
£272K10/230.26 mi46, Plain Pond, Wiveliscombe, Taunton, Somerset TA4 2UD3
£290K10/220.34 mi5, Nordens Meadow, Wiveliscombe, Taunton, Somerset TA4 2JW3
£212.5K03/210.35 mi3, Kingsmead Close, Wiveliscombe, Taunton, Somerset TA4 2NZ3
£265K03/230.35 miHartswell Garden Cottage, Hartswell, Wiveliscombe, Taunton, Somerset TA4 2NF3
£225.5K05/210.38 mi16, Nordens Meadow, Wiveliscombe, Taunton, Somerset TA4 2JW3
£235K11/200.38 mi12, Nordens Meadow, Wiveliscombe, Taunton, Somerset TA4 2JW3
£442K01/230.64 miChilcotts, Langley Cross, Wiveliscombe, Taunton, Somerset TA4 2UQ3
£335K01/210.83 miSpringfield, Langley Marsh, Wiveliscombe, Taunton, Somerset TA4 2UJ3
£312K07/230.83 miHolly Cottage, Langley Marsh, Wiveliscombe, Taunton, Somerset TA4 2UJ3
£405K02/210.93 miSunnyside, Langley Marsh, Wiveliscombe, Taunton, Somerset TA4 2UL3

Local Rents

3 rents from £725/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£72512/230.12 mi-2
£1,10009/240.27 miWiveliscombe 3
£1,45009/241.92 miFitzhead, Taunton4

Local Area Statistics

Population in TA4

19,149

Population in Taunton

85,088

Town centre distance

9.53 miles away

Nearest school

0.20 miles away

Nearest train station

8.94 miles away

 

 

Rental growth (12m)

-1%

Sales demand

Buyer's market

Capital growth (5yrs)

+13%

Property History

Listed for £205,000

November 2, 2024

Sold for £56,000

1999

Sold for £52,000

1996

Floor Plans

Description

  • NO CHAIN +
  • Requiring Some Modernisation +
  • Three Bedrooms +
  • Living Room +
  • Kitchen +
  • Garden Room +
  • Bathroom +
  • Workshop/Store +
  • Gas Central Heating +

We are delighted to offer for sale this three bedroom character cottage requiring some improvement.

The accommodation on the ground floor offers a garden room/office, a living room and kitchen.

At first floor level, there are three bedrooms and bathroom with bedroom one having access to a small balcony.

The property has a gas central heating system and some double glazed windows.

Outside, there is a small garage (restricted for car use) but ideal as a workshop/store.

The Wiveliscombe area is the best kept secret in Somerset with rolling green hills and peaceful unspoilt countryside, whilst maintaining excellent access to communities in Taunton, 11 miles with main line railway station and M5 access junction 25 and Wellington junction 26 is 7 miles from Wiveliscombe.

Wiveliscombe town offers an unusually wide range of services including post office, doctors surgery, vets, chiropodist, library, churches, public houses, community office, primary and secondary schools with excellent reputations and a recreation ground with heated outdoor swimming pool, cricket and rugby pitches and tennis courts.

Exmoor National Park is close at hand as well as the Quantock and Brendon hills providing open country for walking, riding, mountain biking and access to the beautiful West Somerset coastline.

Services: Mains gas, electricity, water and drainage are connected.

Tenure: Freehold
Council Tax Band: C
Local Authority: Somerset Council
Market House will be found at the foot of the drive from North Street to The Bear car park on the left hand side (TA4 2JY).

What3words: Using What3words Smart Phone App. For those who already use this Geolocation App device for your smartphone – Type in the following three words: deal.baths.jumbled.

Agent Details

Webbers Property Services, Wiveliscombe

01984 600325

Next Steps?

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