2 Bed Terraced House, Refurb/BRRR, Taunton, TA1 3AG, £230,000

132 South Street, Taunton, Somerset, TA1 3AG - 1 views - 5 months ago

Refurb/BRRR
ROI: 4%
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£125K - £450K
Sold Prices/m²£1.7K/m² - £7.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.4K/m²

Value Estimate

£167,739

 

 

End Value (After Refurb)

£249,000

Uplift in Value

+-9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£10,700

Refurb Costs

£27,698

Bridging Loan Interest

£6,038

Total Cash In

£103,686

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£249,000

Mortgage (After Refinance)

£186,750

Mortgage LTV

75%

Cash Released

£14,250

Cash Left In

£89,436

Equity

£62,250

Rent Range

£850 - £2,700

Rent Estimate

£1,454

Running Costs/mo

£1,089

Cashflow/mo

£365

Cashflow/yr

£4,381

ROI

4%

Gross Yield

8%

Local Sold Prices

51 sold prices from £125K to £450K, average is £190K. £1.7K/m² to £7.1K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£270K05/240.03 mi92, South Street, Taunton, Somerset TA1 3AG2
£191K02/210.13 mi55, South Street, Taunton, Somerset TA1 3AE2
£235K01/240.13 mi51, South Street, Taunton, Somerset TA1 3AE2
£185K03/210.13 mi60, South Street, Taunton, Somerset TA1 3AF2
£240K03/240.13 mi21, Eastleigh Road, Taunton, Somerset TA1 2YA2
£215K02/240.16 mi3, Gordon Road, Taunton, Somerset TA1 3AU2
£187.5K03/210.17 mi10, Viney Street, Taunton, Somerset TA1 3AY2
£167K05/210.17 mi33, Viney Street, Taunton, Somerset TA1 3AY2
£170K08/210.22 mi32, Grays Road, Taunton, Somerset TA1 3BB2
£154K02/210.22 mi24, Grays Road, Taunton, Somerset TA1 3BB2
£208K01/230.22 mi24, Grays Road, Taunton, Somerset TA1 3BB2
£229K03/210.24 mi31, South Street, Taunton, Somerset TA1 3AA2
£255K06/230.24 mi31, South Street, Taunton, Somerset TA1 3AA2
£275K01/230.25 mi4, Alma Street, Taunton, Somerset TA1 3AH2
£180K12/200.26 mi10, Noble Street, Taunton, Somerset TA1 3BD2
£178K02/210.26 mi15, Noble Street, Taunton, Somerset TA1 3BD2
£215K07/230.26 mi14, Noble Street, Taunton, Somerset TA1 3BD2
£170K08/210.27 mi24, Brooke Road, Taunton, Somerset TA1 2HP2
£190K08/210.27 mi9, Wilfred Road, Taunton, Somerset TA1 1TB2
£194K04/230.28 mi53, East Reach, Taunton, Somerset TA1 3EZ2
£170K11/210.28 mi14, Blake Street, Taunton, Somerset TA1 3BE2
£183K03/230.29 mi24, Wordsworth Drive, Taunton, Somerset TA1 2HW2
£150K04/210.3 mi17, Wilfred Road, Taunton, Somerset TA1 1TB2
£293K01/230.31 mi71, Parmin Way, Taunton, Somerset TA1 2JX2
£221K05/240.31 mi69, Parmin Way, Taunton, Somerset TA1 2JX2
£190K08/230.33 mi33, Mitre Court, Taunton, Somerset TA1 3ER2
£176K11/200.33 mi42, Eastbourne Road, Taunton, Somerset TA1 1SU2
£150K12/200.33 mi44, Eastbourne Road, Taunton, Somerset TA1 1SU2
£183K04/210.33 mi37, Eastbourne Road, Taunton, Somerset TA1 1SU2
£170K05/210.34 mi14, Eastbourne Road, Taunton, Somerset TA1 1ST2
£152K06/210.34 mi6, Eastbourne Road, Taunton, Somerset TA1 1ST2
£195K08/230.34 mi14, Eastbourne Road, Taunton, Somerset TA1 1ST2
£181K10/230.34 mi2, Gloucester Street, Taunton, Somerset TA1 1TA2
£205K01/230.34 mi18, Wordsworth Drive, Taunton, Somerset TA1 2HW2
£241K06/230.35 mi13, Alfred Street, Taunton, Somerset TA1 3HU2
£139.9K08/210.37 mi13, Eastbourne Gate, Taunton, Somerset TA1 1SZ2
£130K03/240.37 mi2, Eastbourne Gate, Taunton, Somerset TA1 1SZ2
£212K08/230.39 mi51, Eastgate Gardens, Taunton, Somerset TA1 1RE2
£190K12/200.41 mi27, Winchester Street, Taunton, Somerset TA1 1QQ2
£125K10/200.42 mi19, Hamilton Road, Taunton, Somerset TA1 2EQ2
£182K03/210.45 mi55, Leycroft Road, Taunton, Somerset TA1 2ED2
£170K02/210.47 mi25, St Margarets Court, Taunton, Somerset TA1 2UD2
£242.5K11/210.47 mi9, Mount Street, Taunton, Somerset TA1 3QB2
£450K10/230.47 mi4a, Mount Street, Taunton, Somerset TA1 3QB2
£275K04/240.47 mi9, Mount Street, Taunton, Somerset TA1 3QB2
£183.5K03/210.48 mi60, St Augustine Street, Taunton, Somerset TA1 1QH2
£183K01/210.5 mi24, Lisieux Way, Taunton, Somerset TA1 2JZ2
£168K01/210.51 mi120, Lambrook Road, Taunton, Somerset TA1 2AD2
£240K08/230.53 mi11, Severn Drive, Taunton, Somerset TA1 2PN2
£215K12/230.55 mi43, Avill Crescent, Taunton, Somerset TA1 2PL2
£215K12/230.55 mi43, Avill Crescent, Taunton, Somerset TA1 2PL2

Local Rents

25 rents from £850/mo to £2.7K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20009/240.26 mi-2
£1,00012/240.28 mi-2
£95009/240.3 miEast Reach, Taunton2
£1,20009/240.34 miGloucester Street, TAUNTON2
£1,20009/240.34 mi-2
£1,20012/240.34 mi-2
£1,10003/250.36 mi-2
£1,50002/240.37 mi-2
£1,50002/240.37 mi-2
£2,70009/240.46 mi-2
£2,70012/240.46 mi-2
£2,70002/250.46 mi-2
£2,70003/250.46 mi-2
£2,70009/240.47 mi-2
£2,70011/240.47 mi-2
£2,70002/250.47 mi-2
£2,70003/250.47 mi-2
£92509/240.54 miThe Octagon, Taunton, Somerset, TA12
£85009/240.54 miMiddle Street, Taunton, TA12
£1,00009/240.55 mi-2
£95009/240.55 miTaunton2
£1,50009/240.56 mi-2
£1,70003/250.56 mi-2
£99509/240.56 miPriory Avenue, Taunton2
£85011/240.58 mi-2

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

0.37 miles away

Nearest school

0.20 miles away

Nearest train station

0.93 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Price changed to £230,000

April 5, 2025

Price changed to £245,000

March 12, 2025

Price changed to £260,000

February 4, 2025

Listed for £275,000

November 20, 2024

Sold for £149,500

2005

Floor Plans

Description

  • Available with no onward chain +
  • A spacious period terrace house in a favoured location +
  • West facing enclosed rear garden with storage sheds +
  • Good sized living room +
  • Separate dining room +
  • Kitchen +
  • Ground floor wc +
  • Two generous bedrooms +
  • First floor shower room +
  • Close to Taunton Town Centre +

Welcome to this delightful two-bedroom terrace house, perfectly situated within walking distance of Taunton Town Centre and offered with no onward chain. Boasting a blend of classic charm and modern convenience, this home is ideal for first-time buyers, investors, or those looking to downsize. The property has been fitted with a new boiler this year, together with refitted shower room to the first floor.
The property comprises an entrance hall with stairs rising to the first floor, living room with gas living flame fire and surround, separate dining room, kitchen, ground floor wc, two good sized bedrooms and a first floor shower room.
There is a small garden to the front, whilst to the rear is a fully enclosed west facing garden with various seating areas, mature shrubs and trees, timber garden shed with electric supply and a brick built storage shed to the rear of the garden.
Agents note. The property is in need of some further sympathetic updating, but offers bags of potential to create a wonderful family home in this sought after location.

TOTAL FLOOR AREA
82 sq.m.

TENURE
Freehold

COUNCIL TAX
Somerset Council Tax Band B. Charges payable for 2024/25 - £1,871.62

SERVICES
Main services of gas, electricity, water and drainage are connected.

Agent Details

Ware & Co, Taunton

01823 589527

Next Steps?

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