2 Bed Terraced House, Refurb/BRRR, Taunton, TA3 5JL, £200,000

Ruishton, TA3 5JL - 1 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~68 m²
+11 photos

ValuationUndervalued

Sold Prices£152K - £310K
Sold Prices/m²£2.8K/m² - £4.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£206,000
BMV3%

 

 

End Value (After Refurb)

£215,179

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£27,698

Bridging Loan Interest

£5,250

Total Cash In

£91,898

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£215,179

Mortgage (After Refinance)

£161,384

Mortgage LTV

75%

Cash Released

£11,384

Cash Left In

£80,514

Equity

£53,795

Rent Range

£595 - £2,700

Rent Estimate

£1,305

Running Costs/mo

£953

Cashflow/mo

£352

Cashflow/yr

£4,219

ROI

5%

Gross Yield

8%

Local Sold Prices

32 sold prices from £152K to £310K, average is £217.5K. £2.8K/m² to £4.8K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£257K05/210.07 mi11, Overlands, Ruishton, Taunton, Somerset TA3 5JF2
£249.5K05/240.08 mi7, Virginia Orchard, Ruishton, Taunton, Somerset TA3 5LP2
£255K02/210.1 mi5, Carpenters Close, Ruishton, Taunton, Somerset TA3 5JE2
£310K04/240.2 mi9, Orchard Rise, Ruishton, Taunton, Somerset TA3 5JS2
£211K02/240.25 mi18, Coronation Close, Ruishton, Taunton, Somerset TA3 5LD2
£172K12/200.51 mi1, Mill Cottages, Creech St Michael, Taunton, Somerset TA3 5PU2
£240K06/210.65 miFern Cottage, Bull Street, Creech St Michael, Taunton, Somerset TA3 5PW2
£190K05/230.7 mi21, West View, Creech St Michael, Taunton, Somerset TA3 5QP2
£230K11/220.7 mi10, West View, Creech St Michael, Taunton, Somerset TA3 5QP2
£230K12/200.72 mi10, Homefield Close, Creech St Michael, Taunton, Somerset TA3 5QR2
£220K06/210.78 mi9, Paddock Close, Creech St Michael, Taunton, Somerset TA3 5DZ2
£247.5K11/210.79 mi46, West View, Creech St Michael, Taunton, Somerset TA3 5DU2
£189.9K06/210.8 mi19, Alexander Close, Creech St Michael, Taunton, Somerset TA3 5DY2
£177.5K06/210.8 mi11, Alexander Close, Creech St Michael, Taunton, Somerset TA3 5DY2
£255K12/220.8 mi9, Alexander Close, Creech St Michael, Taunton, Somerset TA3 5DY2
£166.5K04/210.8 mi38, Allington Close, Taunton, Somerset TA1 2NE2
£200K11/230.8 mi36, Allington Close, Taunton, Somerset TA1 2NE2
£152K05/210.8 mi88, Allington Close, Taunton, Somerset TA1 2NE2
£188K06/210.8 mi58, Allington Close, Taunton, Somerset TA1 2NE2
£177.5K06/210.8 mi11, Alexander Close, Creech St Michael, Taunton, Somerset TA3 5DY2
£181K10/230.83 mi47, Allington Close, Taunton, Somerset TA1 2NA2
£250K07/210.83 mi5, Raps Close, Taunton, Somerset TA1 2UY2
£215K09/210.83 mi8, Raps Close, Taunton, Somerset TA1 2UY2
£267.5K08/210.85 mi83, West View, Creech St Michael, Taunton, Somerset TA3 5DX2
£237K07/230.85 mi93, West View, Creech St Michael, Taunton, Somerset TA3 5DX2
£265K11/220.89 mi5, Cooks Close, Creech St Michael, Taunton, Somerset TA3 5EA2
£235K11/220.89 mi13, Cooks Close, Creech St Michael, Taunton, Somerset TA3 5EA2
£215K06/210.9 mi7, Raps Green, Taunton, Somerset TA1 2UT2
£184K12/230.96 mi19, Trent Meadow, Taunton, Somerset TA1 2NP2
£185K01/240.96 mi23, Trent Meadow, Taunton, Somerset TA1 2NP2
£220K05/230.98 mi2, Banwell Close, Taunton, Somerset TA1 2NN2
£173K04/210.98 mi3, Banwell Close, Taunton, Somerset TA1 2NN2

Local Rents

51 rents from £595/mo to £2.7K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£84009/240.5 mi-2
£1,39509/240.56 mi-3
£1,40009/240.63 miHyde Lane, Creech St. Michael, TA33
£1,35007/240.65 mi-3
£85009/240.79 miAllington Close, Taunton, TA11
£1,05003/250.79 mi-2
£59509/240.87 miAllington Close, TAUNTON, TA11
£59509/240.87 miAllington Close, TAUNTON, TA11
£1,15009/240.89 miCooks Close, Creech St Michael TA3 2
£1,60009/240.94 mi-4
£73002/240.96 mi-1
£80004/250.96 mi-1
£1,35009/241.04 miCreechberry Orchard, Taunton3
£92509/241.06 miTyne Park, Taunton, Somerset2
£1,35009/241.06 miThames Drive, Taunton3
£1,05009/241.12 miRedlake Drive, Taunton TA12
£1,20009/241.19 miAshbourne Crescent, Taunton3
£1,10007/241.2 mi-2
£1,25009/241.2 miAshbourne Crescent, Taunton3
£99509/241.22 miBowmont Grove, Taunton2
£99509/241.25 miRyburn Close, Taunton TA1 2
£1,32509/241.36 miPoplar Road, Taunton TA13
£1,00009/241.36 miPark Mead, Monkton Heathfield, TAUNTON2
£1,15009/241.41 miBeadon Road, TAUNTON3
£80009/241.44 mi-1
£87503/251.44 mi-1
£85001/251.44 mi-1
£80009/241.44 mi-1
£87508/241.44 mi-1
£90003/251.44 mi-1
£1,15009/241.45 mi-3
£1,15009/241.45 mi-3
£1,25009/241.46 miMonkton Heathfield, Taunton3
£86009/241.46 miNormandy Drive, Taunton1
£78009/241.47 miHamilton Court, TAUNTON1
£1,20009/241.55 miParmin Way, TA1 3
£1,00009/241.56 mi-2
£99504/251.57 mi-2
£1,25009/241.64 mi-2
£1,60004/251.65 mi-4
£1,10009/241.66 miStoke St. Mary, Taunton, TA32
£1,90009/241.67 miDunkleys Way, Hillyfields , Taunton TA1 2LX4
£1,70009/241.69 mi-4
£2,70009/241.69 mi-2
£2,70012/241.69 mi-2
£2,70002/251.69 mi-2
£2,70003/251.69 mi-2
£2,70009/241.71 mi-2
£2,70011/241.71 mi-2
£2,70002/251.71 mi-2
£2,70003/251.71 mi-2

Local Area Statistics

Population in TA3

14,212

Population in Taunton

85,088

Town centre distance

2.16 miles away

Nearest school

0.30 miles away

Nearest train station

2.38 miles away

 

 

Rental growth (12m)

-16%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £200,000

November 28, 2024

Floor Plans

Description

  • MID TERRACE TWO BEDROOMED COTTAGE +
  • IN NEED OF REFURBISHMENT +
  • TWO RECEPTION ROOMS, KITCHEN, BATHROOM +
  • GOOD SIZED REAR GARDENS WITH PATIO AND PLANTED AREAS +
  • TWO OFF ROAD PARKING SPACES +
  • IN NEED OF SOME IMPROVEMENT +
  • EXCELLENT FIRST TIME BUY OR FAMILY HOME +
  • VILLAGE LOCATION +
  • NO ONWARD CHAIN +
  • VIEWING RECOMENDED +

A brilliant refurbishment project offered to the market with no ongoing chain. This two bedroomed cottage is in need of some improvement and is located in a fabulous part of Ruishton to the east of Taunton town centre. Energy rating: TBC

Agent Details

Gibbins Richards, Taunton

01823 211768

Next Steps?

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