2 Bed Flat, Single Let, Taunton, TA2 6BU, £155,000

53 Morse Road, Norton Fitzwarren, Taunton TA2 6BU - 5 months ago

Sold STC
Leasehold
BTL
ROI: 6%
56 m²
+7 photos

ValuationOvervalued

Sold Prices£60K - £215.9K
Sold Prices/m²£1.1K/m² - £6.8K/m²

 

 

Square Metres

56 m²
Price/m²£2.8K/m²

Value Estimate

£129,349

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£8,950

Total Cash In

£47,700

 

 

Cash Out

 

Rent Range

£900 - £1,200

Rent Estimate

£925

Running Costs/mo

£689

Cashflow/mo

£236

Cashflow/yr

£2,828

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £60K to £215.9K, average is £138K. £1.1K/m² to £6.8K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£150.3K08/220.06 mi71, Morse Road, Norton Fitzwarren, Taunton, Somerset TA2 6BS2
£121.5K05/210.06 mi73, Morse Road, Norton Fitzwarren, Taunton, Somerset TA2 6BS2
£126K06/210.06 mi72, Morse Road, Norton Fitzwarren, Taunton, Somerset TA2 6BS2
£130K02/210.11 mi52, Mill House Road, Norton Fitzwarren, Taunton, Somerset TA2 6DA2
£128K11/210.11 mi51, Mill House Road, Norton Fitzwarren, Taunton, Somerset TA2 6DA2
£155K02/230.25 mi53, Yarlington Close, Norton Fitzwarren, Taunton, Somerset TA2 6RR2
£132K11/230.73 mi73, Darwin Close, Taunton, Somerset TA2 6TR2
£138K03/210.74 mi2, Parsonage Court, Bishops Hull, Taunton, Somerset TA1 5HR2
£105K02/240.75 mi18, Parsonage Court, Bishops Hull, Taunton, Somerset TA1 5HR2
£125K10/200.76 mi24, Farrant Close, Bishops Hull, Taunton, Somerset TA1 5EL2
£156K06/230.91 mi11, Haydon Close, Bishops Hull, Taunton, Somerset TA1 5HF2
£150K03/230.91 mi8, Haydon Close, Bishops Hull, Taunton, Somerset TA1 5HF2
£120K11/201.07 mi7a, Smithy, Bishops Hull, Taunton, Somerset TA1 5DT2
£148K06/231.15 miFlat 19, Monmouth Court, Bindon Road, Taunton, Somerset TA2 6AX2
£110K02/211.15 miFlat 1, Monmouth Court, Bindon Road, Taunton, Somerset TA2 6AX2
£152K08/231.33 mi66c, Deane Drive, Taunton, Somerset TA1 5PR2
£167K08/231.39 mi181a, Greenway Road, Taunton, Somerset TA2 6LQ2
£173K12/231.4 miFlat 6, Chamberlain House, Richmond Road, Taunton, Somerset TA1 1EP2
£215.9K01/231.59 miFlat 10, Elm Park, Elm Grove, Taunton, Somerset TA1 1EH2
£176K05/231.65 miFlat 28, Summerfield Court, French Weir Close, Taunton, Somerset TA1 1XJ2
£175K06/231.65 miFlat 7, Summerfield Court, French Weir Close, Taunton, Somerset TA1 1XJ2
£125K12/201.67 mi23, Northfield Gardens, Taunton, Somerset TA1 1XN2
£175K10/231.67 miFlat 3, Essex Court, Essex Drive, Taunton, Somerset TA1 4JZ2
£60K11/201.68 mi2, Northfield Gardens, Taunton, Somerset TA1 1XN2
£155K10/211.69 miFlat 2, Wiltshire Court, Wiltshire Close, Taunton, Somerset TA1 4JS2
£124.6K06/211.71 mi17, Northfield Gardens, Taunton, Somerset TA1 1XN2
£138K04/211.71 mi1, Rupert Street, Taunton, Somerset TA2 6JT2
£138K04/211.71 mi1, Rupert Street, Taunton, Somerset TA2 6JT2
£128.5K06/211.71 mi3, Rupert Street, Taunton, Somerset TA2 6JT2
£160K05/211.72 miFlat 4, Bath House Court, Wellington Road, Taunton, Somerset TA1 4EQ2
£180K10/201.72 miFlat 8, Bath House Court, Wellington Road, Taunton, Somerset TA1 4EQ2
£155K03/231.74 miFlat 10, Avongrove Court, The Avenue, Taunton, Somerset TA1 1TL2
£140K10/201.74 miFlat 10, Avongrove Court, The Avenue, Taunton, Somerset TA1 1TL2
£133K09/211.74 mi38, Gladstone Street, Taunton, Somerset TA2 6LY2
£156.6K01/231.74 mi39, Gladstone Street, Taunton, Somerset TA2 6LY2
£110K10/201.74 mi45, Gladstone Street, Taunton, Somerset TA2 6LY2
£125K09/211.74 mi50, Gladstone Street, Taunton, Somerset TA2 6LY2
£125K09/221.77 mi35b, Greenway Road, Taunton, Somerset TA2 6LA2
£137K09/211.77 miFlat 44, Seville Court, Burchs Close, Taunton, Somerset TA1 4TR2
£136K09/231.77 miGround Floor Flat, 43, William Street, Taunton, Somerset TA2 6HG2
£120K10/201.78 miGround Floor Flat, 43, William Street, Taunton, Somerset TA2 6HG2
£130K03/211.83 miFlat 6, Dovetail Court, Park Street, Taunton, Somerset TA1 4DF2
£122K12/201.83 miFlat 8, Dovetail Court, Park Street, Taunton, Somerset TA1 4DF2
£105K06/211.83 mi11c, Park Street, Taunton, Somerset TA1 4DF2
£130K06/211.83 miFlat 4, Dovetail Court, Park Street, Taunton, Somerset TA1 4DF2
£170K07/231.83 mi63b, George Street, Taunton, Somerset TA2 7DG2
£193K01/231.84 miFlat 9, Haseley Court, Ferndown Close, Taunton, Somerset TA1 4TL2
£180K02/241.84 miHaseley Court, Flat 11, Ferndown Close, Taunton, Somerset TA1 4TL2
£180K07/231.84 miFlat 4, Blythe Court, Ferndown Close, Taunton, Somerset TA1 4TJ2
£182K01/231.84 miFlat 9, Blythe Court, Ferndown Close, Taunton, Somerset TA1 4TJ2

Local Rents

11 rents from £900/mo to £1.2K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£1,10009/240.04 miMorse Road, Norton Fitzwarren, Taunton2
£95001/240.09 mi-2
£95012/230.09 mi-2
£1,10001/240.1 mi-2
£90009/240.15 miMarshall Court, Norton Fitzwarren, Somerset2
£92509/240.2 mi-2
£92509/240.2 mi-2
£92507/240.2 mi-2
£1,20009/240.35 miApple Tree Close, Norton Fitzwarren, TAUNTON2
£1,10003/250.41 mi-2
£99002/240.43 mi-2

Local Area Statistics

Population in TA2

26,588

Population in Taunton

85,088

Town centre distance

2.25 miles away

Nearest school

0.20 miles away

Nearest train station

1.90 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £155,000

January 15, 2025

Listed for £160,000

November 15, 2024

Floor Plans

Description

  • GROUND FLOOR APARTMENT +
  • TWO BEDROOMS +
  • WELL PRESENTED ACCOMMODATION +
  • ALLOCATED PARKING +
  • CLOSE TO AMENITIES +
  • GAS CENTRAL HEATING +
  • GREAT INVESTMENT / FIRST TIME BUY +
  • NO ONWARD CHAIN +

A two bedroomed ground floor apartment located in the village of Norton Fitzwarren. The well presented accommodation consists of; entrance hall, kitchen, sitting/dining room, bathroom and two bedrooms. Externally the property benefits from an allocated parking space. AVAILABLE WITH NO ONWARD CHAIN. Energy rating: C-80

Agent Details

Gibbins Richards, Taunton

01823 211768

Next Steps?

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