3 Bed Terraced House, Cash/Bridging Only, Taunton, TA2 6FB, £270,000

Dragon Rise, Norton Fitzwarren, TA2 6FB - 3 views - 5 months ago

Sold STC
Cash
~93 m²
+10 photos

ValuationFair Value

Sold Prices£136.8K - £575K
Sold Prices/m²£1.8K/m² - £5.3K/m²

 

 

Square Metres

~93 m²
Price/m²£2.9K/m²

Value Estimate

£275,400

 

 

End Value (After Refurb)

£272,490

Uplift in Value

+1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£10,300

Refurb Costs

£37,820

Bridging Loan Interest

£7,088

Total Cash In

£124,458

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£272,490

Mortgage (After Refinance)

£204,368

Mortgage LTV

75%

Cash Released

£1,868

Cash Left In

£122,590

Equity

£68,123

Rent Range

£565 - £2,950

Rent Estimate

£1,112

Running Costs/mo

£1,094

Cashflow/mo

£18

Cashflow/yr

£217

ROI

0%

Gross Yield

5%

Local Sold Prices

44 sold prices from £136.8K to £575K, average is £270K. £1.8K/m² to £5.3K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£275K06/210.09 mi63, Collett Road, Norton Fitzwarren, Taunton, Somerset TA2 6DB3
£232.5K05/230.23 mi35, Blackdown View, Norton Fitzwarren, Taunton, Somerset TA2 6RP3
£270K11/210.26 mi2, Taylor Close, Norton Fitzwarren, Taunton, Somerset TA2 6TA3
£270K02/230.26 mi18, Taylor Close, Norton Fitzwarren, Taunton, Somerset TA2 6TA3
£255K09/230.31 mi25, Northwood Close, Norton Fitzwarren, Taunton, Somerset TA2 6TD3
£297K01/210.37 mi10, Nash Green, Staplegrove, Taunton, Somerset TA2 6BZ3
£275K02/210.37 mi34, Nash Green, Staplegrove, Taunton, Somerset TA2 6BZ3
£225K05/210.42 mi55, Showell Park, Staplegrove, Taunton, Somerset TA2 6BY3
£248K10/230.42 mi41, Showell Park, Staplegrove, Taunton, Somerset TA2 6BY3
£136.8K09/230.42 mi60, Showell Park, Staplegrove, Taunton, Somerset TA2 6BY3
£240K04/240.44 mi48, Morse Road, Norton Fitzwarren, Taunton, Somerset TA2 6BU3
£232.5K03/240.45 mi10, Coopers Mill, Norton Fitzwarren, Taunton, Somerset TA2 6NX3
£171.5K02/210.46 mi2, Spring Terrace, Norton Fitzwarren, Taunton, Somerset TA2 6QY3
£217K08/230.51 mi20, Mallory Close, Taunton, Somerset TA2 6UF3
£217K08/230.51 mi20, Mallory Close, Taunton, Somerset TA2 6UF3
£245K01/230.53 mi22, Hudson Way, Taunton, Somerset TA2 6UH3
£268K03/230.54 mi55, Mill House Road, Norton Fitzwarren, Taunton, Somerset TA2 6DA3
£340K12/220.54 mi4, Rectory Road, Norton Fitzwarren, Taunton, Somerset TA2 6SB3
£257.5K08/210.54 mi19, Rectory Road, Norton Fitzwarren, Taunton, Somerset TA2 6SB3
£372.5K01/240.54 mi2, Rectory Road, Norton Fitzwarren, Taunton, Somerset TA2 6SB3
£520K06/210.55 miBarhams View, Langford Lane, Pen Elm, Taunton, Somerset TA2 6NZ3
£180.5K11/200.56 mi28, Rectory Road, Norton Fitzwarren, Taunton, Somerset TA2 6SD3
£246.5K12/230.68 mi40, Scott Close, Taunton, Somerset TA2 6UN3
£255K02/230.68 mi10, Scott Close, Taunton, Somerset TA2 6UN3
£295K08/230.68 mi63, Scott Close, Taunton, Somerset TA2 6UL3
£223K11/200.68 mi107, Scott Close, Taunton, Somerset TA2 6UL3
£280K03/210.68 mi2, Ford Cottages, Norton Fitzwarren, Taunton, Somerset TA2 6SH3
£450K02/210.69 mi289, Staplegrove Road, Taunton, Somerset TA2 6AL3
£260K09/230.76 mi61, Dowell Close, Taunton, Somerset TA2 6AU3
£575K06/210.82 miLinden Lea, Manor Orchard, Staplegrove, Taunton, Somerset TA2 6EQ3
£278.5K09/210.82 mi29, Cresswell Avenue, Taunton, Somerset TA2 6LS3
£312K03/210.84 mi44, Cresswell Avenue, Taunton, Somerset TA2 6LR3
£281.9K05/210.84 mi18, Cresswell Avenue, Taunton, Somerset TA2 6LR3
£270K06/210.84 mi193, Staplegrove Road, Taunton, Somerset TA2 6AG3
£260K10/230.88 mi4, Shutewater Close, Bishops Hull, Taunton, Somerset TA1 5EH3
£375K08/230.9 mi3, Gipsy Lane, Staplegrove, Taunton, Somerset TA2 6LW3
£375K07/230.9 miRokeby, Bishops Hull Road, Bishops Hull, Taunton, Somerset TA1 5EG3
£350K02/210.91 mi4, Gipsy Lane, Staplegrove, Taunton, Somerset TA2 6LP3
£375K08/230.91 mi10, Gipsy Lane, Staplegrove, Taunton, Somerset TA2 6LP3
£395K09/210.94 miOld Church Hall, Bishops Hull Road, Bishops Hull, Taunton, Somerset TA1 5EW3
£233K06/210.96 mi1, Fairwater Close, Taunton, Somerset TA2 6AT3
£375K08/210.96 miHamwood Orchard, Hamwood, Bishops Hull, Taunton, Somerset TA1 5EA3
£218K03/210.97 mi21, Robin Close, Bishops Hull, Taunton, Somerset TA1 5EU3
£425K06/211 miThe Coach House, Bishops Hull Road, Bishops Hull, Taunton, Somerset TA1 5EP3

Local Rents

51 rents from £565/mo to £3K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£99002/240.01 mi-2
£1,10002/250.03 mi-2
£1,60009/240.1 miCollett Road, Norton Fitzwarren, TAUNTON4
£1,25010/230.1 mi-4
£1,20009/240.19 miApple Tree Close, Norton Fitzwarren, TAUNTON2
£85009/240.2 miApple Tree Close, Norton Fitzwarren, Taunton, Somerset, TA21
£95002/240.27 mi-2
£1,70009/240.28 miGrove Gate 4
£92509/240.32 mi-2
£92509/240.32 mi-2
£92507/240.32 mi-2
£1,15009/240.33 mi-3
£1,27510/240.33 mi-3
£69502/240.34 mi-1
£98509/240.39 miMorse Road, Norton Fitzwarren, Taunton1
£1,10009/240.44 miMorse Road, Norton Fitzwarren, Taunton2
£1,10001/240.49 mi-2
£95012/230.52 mi-2
£95001/240.52 mi-2
£90009/240.55 miMarshall Court, Norton Fitzwarren, Somerset2
£97504/250.83 mi-2
£95009/240.83 miMonmouth Court, Bindon Road, Taunton, Somerset, TA22
£1,09509/240.84 miStaplegrove Road, TAUNTON2
£99502/250.92 mi-2
£2,95009/240.95 miManor Meadow, Staplegrove5
£99509/240.96 miHamwood, Taunton2
£1,30009/240.96 miBishops Hull Hill, Bishops Hull, Taunton2
£75009/241.06 miFalcon Court, Heron Drive, Bishops Hull, Taunton, Somerset 1
£65002/251.09 mi-2
£85009/241.11 miMountway Road 1
£90009/241.15 miRichmond Road 2
£1,25009/241.17 miRichmond Road, Taunton, TA13
£75002/251.19 mi-2
£1,10009/241.19 miRichmond Road, TAUNTON2
£85004/251.2 mi-1
£92509/241.25 miWoodstock Road, Taunton, TA12
£1,35009/241.26 miWoodstock Road3
£1,75009/241.3 miTaunton4
£2,00009/241.33 miFrench Weir Avenue 5
£60009/241.34 miKingston Road, Taunton1
£1,05009/241.35 miHele Manor Barns, Taunton, TA43
£77509/241.37 miGreenway Avenue, Taunton1
£1,30009/241.37 miHele Manor Barns, Hele, Taunton, TA43
£1,20009/241.39 mi-2
£1,50009/241.39 miTaunton, TA13
£1,10009/241.39 miRupert Street, Taunton TA12
£99504/251.42 mi-2
£95004/251.43 mi-1
£99509/241.45 miHele Manor Barns, Hele, Taunton, TA42
£56502/241.46 mi-1
£1,25004/251.46 mi-2

Local Area Statistics

Population in TA2

26,588

Population in Taunton

85,088

Town centre distance

2.03 miles away

Nearest school

0.30 miles away

Nearest train station

1.59 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £270,000

November 18, 2024

Floor Plans

Description

  • Low Maintenance Garden +
  • Good Condition Throughout +
  • Sought After Location +
  • Three Bedrooms +

This three bedroom end terrace home is presented to the market in good condition throughout. Built only 10 years ago, the property has been well looked after by the current owners. Located in the popular residential area of Norton Fitzwarren, benefiting from a range of local amenities and only a short drive to Taunton's town centre. The property benefits from great living accommodation on the ground floor including a kitchen/breakfast room with double doors leading out to a low maintenance garden, living room and WC. Upstairs is the family bathroom and three well proportioned bedrooms, with the principal bedroom benefiting from an en-suite. Enquire now to book your viewing!

Entrance Hall

Kitchen/Diner 11' 8'' x 10'

Living Room 15' 6'' x 11' 8''

WC

Landing

Bedroom One 15' 5'' x 8' 5''

En-Suite

Bedroom Two 9' 9'' x 8' 5''

Bedroom Three 11' 7'' x 6' 10''

Bathroom 6' 10'' x 5' 6''

Rear Garden

Allocated Parking For Two Cars

National trading standards have ruled that agents must give information which is material to the decision-making process of the average consumer. Below is a list of additional information about the property believed to be ‘material’.

Utilities – • Electricity supply – Mains electricity • Water supply – Mains water • Sewerage - Mains sewage • Heating – Gas central heating • Broadband – Ultrafast Full Fibre Broadband • Mobile signal/coverage – Voice and Data across EE, O2, Vodaphone and Three

IMPORTANT NOTICE: The Property Centre 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 The Property Centre has any authority to make or give any representations or warranty whatever in relation to this property on behalf of The Property Centre, 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 November 2024.

MEASUREMENTS AND OTHER INFORMATION: All measurements are approximate. While we endeavour to make our sales particulars 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

The Property Centre, Taunton

01823 589603

Next Steps?

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