3 Bed Bungalow, Refurb/BRRR, Taunton, TA2 8BB, £230,000

1 Yew Tree Lane, Taunton, Somerset, TA2 8BB - 1 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 8%
~85 m²
+10 photos

ValuationUndervalued

Sold Prices£161K - £561K
Sold Prices/m²£1.7K/m² - £6.4K/m²

 

 

Square Metres

~84.90 m²
Price/m²£2.7K/m²

Value Estimate

£236,900
BMV3%

 

 

End Value (After Refurb)

£264,586

Uplift in Value

+15%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£34,526

Bridging Loan Interest

£6,038

Total Cash In

£112,514

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£264,586

Mortgage (After Refinance)

£198,439

Mortgage LTV

75%

Cash Released

£25,939

Cash Left In

£86,574

Equity

£66,146

Rent Range

£1,150 - £2,950

Rent Estimate

£1,971

Running Costs/mo

£1,241

Cashflow/mo

£730

Cashflow/yr

£8,760

ROI

8%

Gross Yield

10%

Local Sold Prices

50 sold prices from £161K to £561K, average is £264K. £1.7K/m² to £6.4K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£525K06/230.12 miAraglen, Hyde Lane, Bathpool, Taunton, Somerset TA2 8BX3
£561K08/230.16 miAppledore, Swingbridge, Bathpool, Taunton, Somerset TA2 8BY3
£292K12/220.26 mi9, Raps Green, Taunton, Somerset TA1 2UT3
£172.5K12/200.28 mi10, Raps Green, Taunton, Somerset TA1 2UT3
£360K11/220.29 mi1, Raps Close, Taunton, Somerset TA1 2UY3
£230K10/200.29 mi4, Raps Close, Taunton, Somerset TA1 2UY3
£292.5K03/240.3 mi5, Blackbrook Road, Taunton, Somerset TA1 2UR3
£184.5K09/210.33 mi7, Barrow Drive, Taunton, Somerset TA1 2UU3
£236K06/210.35 mi5, Laxton Road, Taunton, Somerset TA1 2UW3
£260K05/230.36 mi2, Creechberry Orchard, Taunton, Somerset TA1 2EX3
£265K04/230.36 mi12, Creechberry Orchard, Taunton, Somerset TA1 2EX3
£285K05/230.36 mi16, Creechberry Orchard, Taunton, Somerset TA1 2EX3
£210K10/200.41 mi37, Bramley Road, Taunton, Somerset TA1 2XJ3
£237K12/230.44 mi37, Russett Road, Taunton, Somerset TA1 2XE3
£234.5K11/220.45 mi52, Laxton Road, Taunton, Somerset TA1 2XB3
£255.8K11/200.46 mi54, Farriers Green, Monkton Heathfield, Taunton, Somerset TA2 8PR3
£226K06/210.47 mi42, Waterleaze, Taunton, Somerset TA2 8PX3
£275K05/230.47 mi70, Waterleaze, Taunton, Somerset TA2 8PX3
£255.8K11/200.47 mi54, Farriers Green, Monkton Heathfield, Taunton, Somerset TA2 8PR3
£210K05/210.47 mi131, Farriers Green, Monkton Heathfield, Taunton, Somerset TA2 8PP3
£250K08/230.47 mi131, Farriers Green, Monkton Heathfield, Taunton, Somerset TA2 8PP3
£235K04/210.47 mi40, Waterleaze, Taunton, Somerset TA2 8PX3
£190K01/210.51 mi32, Newton Road, Taunton, Somerset TA1 2XG3
£380K06/210.54 miTwo Farthings, Yallands Hill, Monkton Heathfield, Taunton, Somerset TA2 8NA3
£345K02/210.54 miBurnside, Yallands Hill, Monkton Heathfield, Taunton, Somerset TA2 8NA3
£210K04/230.55 mi23, Charles Crescent, Taunton, Somerset TA1 2XW3
£340K02/230.56 mi15, Bishops Close, Bathpool, Taunton, Somerset TA2 8DS3
£217K03/230.58 mi40, Charles Crescent, Taunton, Somerset TA1 2XN3
£290K10/200.58 mi10, Bridgwater Road, Taunton, Somerset TA1 2DS3
£320K11/200.58 mi12, Bridgwater Road, Taunton, Somerset TA1 2DS3
£345K02/240.58 mi12, Bridgwater Road, Taunton, Somerset TA1 2DS3
£250K01/210.59 mi20, Barbers Mead, Taunton, Somerset TA2 8PY3
£350K07/210.59 mi28, Barbers Mead, Taunton, Somerset TA2 8PY3
£270K08/230.59 mi10, Barbers Mead, Taunton, Somerset TA2 8PY3
£230K03/210.59 mi25, Barbers Mead, Taunton, Somerset TA2 8PY3
£295K02/240.6 mi43, Hardys Road, Bathpool, Taunton, Somerset TA2 8AY3
£315K09/210.61 mi27, Bridgwater Road, Taunton, Somerset TA1 2DP3
£250K05/230.61 mi43, Bridgwater Road, Taunton, Somerset TA1 2DP3
£161K11/200.68 mi5, Beadon Road, Taunton, Somerset TA1 2DJ3
£263K09/210.69 mi16, Derwent Grove, Taunton, Somerset TA1 2NJ3
£287.5K01/240.7 mi31, School Road, Monkton Heathfield, Taunton, Somerset TA2 8PE3
£220K11/200.7 mi52, School Road, Monkton Heathfield, Taunton, Somerset TA2 8PE3
£460K06/230.71 mi10, Brittons Ash, Bathpool, Taunton, Somerset TA2 8BS3
£255K04/240.73 mi21, Cashford Gate, Taunton, Somerset TA2 8QA3
£277.5K04/210.73 mi32, Cashford Gate, Taunton, Somerset TA2 8QA3
£300K05/230.73 mi11, Cashford Gate, Taunton, Somerset TA2 8QA3
£300K11/200.73 mi48, Hamilton Road, Taunton, Somerset TA1 2ES3
£297K03/210.74 mi125, Hamilton Road, Taunton, Somerset TA1 2EP3
£370K10/200.74 mi111, Hamilton Road, Taunton, Somerset TA1 2EP3
£250K06/210.74 mi4, Medway Close, Taunton, Somerset TA1 2NS3

Local Rents

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

RentDateDistanceAddressBeds 
£1,35009/240.36 miCreechberry Orchard, Taunton3
£1,15009/240.68 miBeadon Road, TAUNTON3
£1,35009/240.84 miThames Drive, Taunton3
£1,30009/240.88 miThe Shaulders, Taunton, 3
£1,15007/240.89 mi-3
£1,15009/240.9 mi-3
£1,15009/240.9 mi-3
£1,20009/240.91 miStandfast Place, Taunton, TA23
£1,35007/240.94 mi-3
£1,20009/241.06 miAshbourne Crescent, Taunton3
£1,47509/241.08 miRossiter Road, Taunton3
£1,25009/241.08 miAshbourne Crescent, Taunton3
£1,25009/241.1 miMonkton Heathfield, Taunton3
£2,70009/241.1 mi-3
£2,70012/241.1 mi-3
£2,70002/251.1 mi-3
£2,70003/251.1 mi-3
£1,40009/241.14 miHyde Lane, Creech St. Michael, TA33
£1,20009/241.18 miParmin Way, TA1 3
£1,30009/241.19 miFirepool Crescent, Taunton3
£1,30009/241.19 miFirepool Crescent, Taunton3
£2,95002/241.2 mi-3
£2,95009/241.2 mi-3
£2,95009/241.2 mi-3
£2,95009/241.2 mi-3
£2,95009/241.2 mi-3
£2,95007/241.2 mi-3
£2,95008/241.2 mi-3
£2,95002/251.2 mi-3
£2,95003/251.2 mi-3
£1,39509/241.21 mi-3

Local Area Statistics

Population in TA2

26,588

Population in Taunton

85,088

Town centre distance

1.60 miles away

Nearest school

0.60 miles away

Nearest train station

1.61 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £230,000

January 19, 2025

Listed for £275,000

November 16, 2024

Floor Plans

Description

  • A detached three bedroom bungalow +
  • Set in a private setting +
  • Large garden, private parking and easily accessed to the town centre. +
  • Now in need of complete renovation. +

A detached three bedroom bungalow in a private setting, featuring a large garden, private parking and easily accessed to the town centre. Now in need of complete renovation.

This 1960’s detached bungalow comes to the market offering three bedrooms, living/dining room, sun room and large wraparound gardens. In need of complete modernization the property is perfect for downsizers or someone looking for a renovation project. The bungalow is designed to be accessible, bright and convenient, offering a quiet place to live while still having easy access to the towns many facilities. Key features of the property include private parking, garage and wraparound gardens. The interior is designed to maximise space while offering natural light throughout. This property presents a fantastic opportunity for those seeking a home they can put their stamp on and make their own.

This property is situated down a quiet no through lane on the outskirts of the popular County Town of Taunton and within walking distance of a supermarket and the Taunton to Bridgwater canal. Taunton is known for its great amenities such as excellent shopping, educational, sporting and cultural facilities, along with a quick and easy access to the M5 and mainline rail links to London, Paddington.

This property is located down a no through lane just off Bridgwater Road with only residential passing traffic. To the front of the property is a driveway with parking for one car which also gives you access to the attached single garage. The mature sunny gardens offer the property privacy with their abundance of bushes, tree’s and shrubs along with lawned areas.

Agent Details

Greenslade Taylor Hunt, Taunton

01823 211774

Next Steps?

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

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