2 Bed Flat, Single Let, Taunton, TA4 1JS, £395,000

St. Michaels Hill, Milverton, Taunton, Somerset, TA4 1JS - 5 months ago

Under Offer

BTL

~114 m²

+29 photos

Valuation

Sold Prices	£105K - £215K
Sold Prices/m²	£3.1K/m² - £3.1K/m²

Square Metres	~114.27 m²
Price/m²	£3.5K/m²

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£98,750£98,750
Stamp Duty & Legal Fees	£30,700£30,700
Total Cash In	£129,450£129,450

Cash Out
Rent Range	£1,120 - £1,500£1,120 - £1,500
Rent Estimate	£1,120
Running Costs/mo	£1,478£1,478
Cashflow/mo	£-358£-358
Cashflow/yr	£-4,300£-4,300
Gross Yield	3%3%

Local Sold Prices

4 sold prices from £105K to £215K, average is £149.3K.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£215K	12/20	2.7 mi	Garden Flat, The Oast House, Hauling Way, Wiveliscombe, Taunton, Somerset TA4 2PP	-	-	2	Flat
£105K	01/22	2.77 mi	Flat 9, London House, West Street, Wiveliscombe, Taunton, Somerset TA4 2JP	-	-	2	Flat
£120K	03/22	2.79 mi	Flat 6, London House, West Street, Wiveliscombe, Taunton, Somerset TA4 2JP	-	-	2	Flat
£178.5K	10/23	2.79 mi	5, Market Place, Wiveliscombe, Taunton, Somerset TA4 2PJ	£3,078	58	2	Flat

Local Rents

4 rents from £1.1K/mo to £1.5K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,120	09/24	0.21 mi	Silver Street, Milverton	2	Flat
£1,450	09/24	1.99 mi	Fitzhead, Taunton	4	Detached House
£1,500	09/24	2 mi	Langford Budville	3	Flat
£1,250	09/24	2.23 mi	Heathfiled Court TA4	2	Flat

Local Area Statistics

Population in TA4	19,14919,149
Population in Taunton	85,08885,088
Town centre distance	6.85 miles away6.85 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	6.60 miles away6.60 miles away

Rental growth (12m)	-1%-1%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+13%+13%

Property History

Price changed to £395,000

January 11, 2025

Listed for £415,000

November 22, 2024

Floor Plans

Description

Attractive 2/3 bedroomed period property +
Enviable private position +
Huge charm and character +
Spacious, light and airy +
Wonderful views +

An attractive 2/3 bedroomed period property which occupies an enviable private position set well within this desirable village. The property has huge charm and character with exceptionally spacious light and airy reception rooms with wonderful views.

Agent Details

Humberts, Taunton

01823 589573

Next Steps?

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

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