2 Bed Terraced House, Single Let, Somerton, TA11 6GB, £254,000

24 Lavender Lane, Somerton, TA11 6GB - 1 views - 5 months ago

Sold STC
BTL
59 m²
+11 photos

ValuationOvervalued

Sold Prices£175K - £412K
Sold Prices/m²£2.6K/m² - £6.6K/m²

 

 

Square Metres

59 m²
Price/m²£4.3K/m²

Value Estimate

£208,674

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£63,500

Stamp Duty & Legal Fees

£9,500

Total Cash In

£73,000

 

 

Cash Out

 

Rent Range

£550 - £3,250

Rent Estimate

£836

Running Costs/mo

£981

Cashflow/mo

£-145

Cashflow/yr

£-1,739

Gross Yield

4%

Local Sold Prices

38 sold prices from £175K to £412K, average is £230K. £2.6K/m² to £6.6K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£240K02/230.1 mi28, Parklands Way, Somerton, Somerset TA11 6JG2
£265K11/200.37 mi5, May Pole Knap, Somerton, Somerset TA11 6HP2
£242K06/210.39 mi46, Sevenacres, Somerton, Somerset TA11 6HG2
£239.7K04/230.39 mi39, Sevenacres, Somerton, Somerset TA11 6HG2
£320K11/200.39 mi37, Sevenacres, Somerton, Somerset TA11 6HG2
£326K10/230.4 miCornerways, 8, Barley Croft, Somerton, Somerset TA11 6PW2
£250K09/220.44 miRoselea, Northfield, Somerton, Somerset TA11 6SJ2
£325K06/230.44 mi1, Farm Close, Somerton, Somerset TA11 6QE2
£221K07/210.47 mi100a, Behind Berry, Somerton, Somerset TA11 6SF2
£221K07/210.47 mi100a, Behind Berry, Somerton, Somerset TA11 6SF2
£249K06/210.49 mi4, Waverley Close, Somerton, Somerset TA11 6QG2
£295K05/240.49 mi5, Waverley Close, Somerton, Somerset TA11 6QG2
£190K03/210.52 mi28, Highfield Way, Somerton, Somerset TA11 6SQ2
£190K03/210.52 mi28, Highfield Way, Somerton, Somerset TA11 6SQ2
£295K08/230.52 mi27, Highfield Way, Somerton, Somerset TA11 6SQ2
£295K08/230.52 mi27, Highfield Way, Somerton, Somerset TA11 6SQ2
£200K03/240.53 miPathway Cottage, Langport Road, Somerton, Somerset TA11 6RT2
£226.5K04/210.54 miGreycot, Water Lane, Somerton, Somerset TA11 6RG2
£267.5K06/210.54 mi86, St Cleers Orchard, Somerton, Somerset TA11 6QX2
£192K01/210.55 mi10, St Cleers Orchard, Somerton, Somerset TA11 6QT2
£262.5K12/220.6 miTwixt, St Cleers Road, Somerton, Somerset TA11 6QR2
£225K10/210.64 mi7, Chantry Court, Somerton, Somerset TA11 6JZ2
£229K10/230.69 mi15, Mowries Court, Somerton, Somerset TA11 6NF2
£190K03/210.69 mi6, Mowries Court, Somerton, Somerset TA11 6NF2
£230K09/230.69 mi54, Behind Berry, Somerton, Somerset TA11 6JY2
£275.5K06/230.69 miGlen Cottage, Sutton Road, Somerton, Somerset TA11 6QL2
£225K08/210.71 mi9, Harding Court, Somerton, Somerset TA11 6TD2
£219K07/220.72 mi15, Walnut Drive, Somerton, Somerset TA11 6LL2
£225.3K04/220.73 mi56, Laburnum Drive, Somerton, Somerset TA11 6LN2
£290K06/210.73 mi16, Laburnum Drive, Somerton, Somerset TA11 6LN2
£412K09/210.75 miStonecutters, Somerton Hill, Langport, Somerset TA10 9AD2
£200K04/230.77 miFernley, The Triangle, Somerton, Somerset TA11 6QJ2
£269K11/200.79 mi47, Pinewood, Somerton, Somerset TA11 6JR2
£192K04/210.8 mi27, King Ina Road, Somerton, Somerset TA11 6JX2
£184K03/210.8 mi21, King Ina Road, Somerton, Somerset TA11 6JX2
£230K02/240.8 mi29, King Ina Road, Somerton, Somerset TA11 6JX2
£213.5K02/210.89 miTiddlywinks, West Street, Somerton, Somerset TA11 7PR2
£175K04/210.89 mi7, Brunel Close, Somerton, Somerset TA11 6LW2

Local Rents

16 rents from £550/mo to £3.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,85009/240.24 miLangport Road, Somerton3
£1,20009/240.53 miLangport Road, Somerton, TA113
£77509/240.69 miMowries Court, Somerton2
£2,25009/240.7 miSutton Road, Somerton4
£85009/240.72 miGreat Western Lane, Somerton2
£1,05009/240.74 miSearle Court, Somerton, TA113
£84509/240.76 mi-1
£1,10009/240.76 miLawrence Close, Somerton2
£87509/240.85 miFlat 2, Easton House West Street, Somerton, Somerset2
£55009/240.89 miSomerton1
£1,35009/241.04 miNorth Street, Somerton3
£97509/241.05 miLion Mews, Somerton2
£3,25009/241.22 miFurnished Barn conversion 4
£1,80009/242.08 miLong Sutton, Langport5
£1,40012/242.14 mi-4
£1,40001/252.14 mi-4

Local Area Statistics

Population in TA11

9,093

Town centre distance

0.75 miles away

Nearest school

0.50 miles away

Nearest train station

9.75 miles away

 

 

Rental growth (12m)

+67%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £254,000

January 31, 2025

Listed for £260,000

November 13, 2024

Floor Plans

Description

  • Two bedrooms +
  • End of terrace home +
  • 'Like New' condition +
  • No onward chain +
  • Two allocated parking spaces +
  • Rear garden +
  • Downstairs WC +
  • Remainder of warranty +

*360° interactive tour* A two bedroom end of terrace house built by reputable builders Allison Homes in 2022. The property is presented in excellent, 'like new' condition with two allocated parking spaces to the front, and would make a fantastic first time buy or downsize. A viewing is recommended to fully appreciate this beautiful home. NO ONWARD CHAIN.

Agent Details

GeorgeJames Properties, Somerton

01458 552311

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪