2 Bed Flat, Motivated Seller, Taunton, TA1 1RX, £135,000

Gatehouse Court, Taunton, Somerset, TA1 1RX - 4 months ago

Sold STC
Leasehold
Motivated
BTL
ROI: 8%
~50 m²
+4 photos

ValuationOvervalued

Sold Prices£60K - £295K
Sold Prices/m²£1.1K/m² - £6.8K/m²

 

 

Square Metres

~49.60 m²
Price/m²£2.7K/m²

Value Estimate

£126,138

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£7,950

Total Cash In

£41,700

 

 

Cash Out

 

Rent Range

£850 - £2,700

Rent Estimate

£889

Running Costs/mo

£620

Cashflow/mo

£269

Cashflow/yr

£3,232

ROI

8%

Gross Yield

8%

Local Sold Prices

51 sold prices from £60K to £295K, average is £140K. £1.1K/m² to £6.8K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£138K03/230.05 mi5, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£130K10/210.07 mi39, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£150K04/230.07 mi38, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£160K12/230.07 mi44, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£160K12/230.07 mi44, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£112.5K11/200.07 mi10, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£148K03/210.12 mi42b, Laburnum Street, Taunton, Somerset TA1 1LB2
£143K10/230.17 miFlat 8, Trinity Gate, Queen Street, Taunton, Somerset TA1 3DS2
£150K09/230.19 mi9, The Octagon, Taunton, Somerset TA1 1RT2
£165K01/230.2 mi2, The Octagon, Taunton, Somerset TA1 1RT2
£295K11/210.25 miFlat 7, Annecy Court, St Josephs Field, Taunton, Somerset TA1 3TE2
£250K02/210.27 miFlat 5, Annecy Court, St Josephs Field, Taunton, Somerset TA1 3TE2
£202.5K03/240.27 miAnnecy Court, Flat 9, St Josephs Field, Taunton, Somerset TA1 3TE2
£155K02/210.31 mi33, Trinity Road, Taunton, Somerset TA1 3JJ2
£115K01/210.32 mi37, Winters Field, Taunton, Somerset TA1 1PY2
£138K09/230.38 miFlat 42, Dellers Court, Dellers Wharf, Taunton, Somerset TA1 1DX2
£122.5K09/230.38 miFlat 27, Dellers Court, Dellers Wharf, Taunton, Somerset TA1 1DX2
£211K11/230.39 mi52, Geoffrey Farrant Walk, Taunton, Somerset TA1 1PU2
£122.5K08/210.39 miFlat 2, Dellers Court, Dellers Wharf, Taunton, Somerset TA1 1DX2
£120K07/210.4 miFlat 6, Vivary Gate, Upper High Street, Taunton, Somerset TA1 3PX2
£160K05/230.4 miFlat 12, Vivary Gate, Upper High Street, Taunton, Somerset TA1 3PX2
£122K11/210.47 miFlat 28, Beech Court, Tower Street, Taunton, Somerset TA1 4BH2
£90K10/230.47 miFlat 7, Beech Court, Tower Street, Taunton, Somerset TA1 4BH2
£100K10/230.47 miFlat 44, Beech Court, Tower Street, Taunton, Somerset TA1 4BH2
£95K11/230.47 miFlat 43, Beech Court, Tower Street, Taunton, Somerset TA1 4BH2
£185K12/230.48 mi29, Firepool View, Taunton, Somerset TA1 1NY2
£159K11/200.48 mi36, Firepool View, Taunton, Somerset TA1 1PS2
£179K02/210.48 mi28, Firepool View, Taunton, Somerset TA1 1PS2
£172K07/210.48 mi4, Firepool View, Taunton, Somerset TA1 1PS2
£172.5K08/230.49 mi50, Firepool Crescent, Taunton, Somerset TA1 1AT2
£187K01/230.49 mi16, Firepool View, Taunton, Somerset TA1 1PS2
£100K01/230.49 miFlat 1, Portland Grange, Upper High Street, Taunton, Somerset TA1 3PZ2
£105K08/230.5 miFlat 8, Portland Grange, Upper High Street, Taunton, Somerset TA1 3PZ2
£90K12/230.5 miFlat 13, Portland Grange, Upper High Street, Taunton, Somerset TA1 3PZ2
£147.5K01/210.51 mi2, Cunningham Court, Taunton, Somerset TA1 1AR2
£175K09/230.51 mi36, Cunningham Court, Taunton, Somerset TA1 1AR2
£165K01/230.51 mi35, Cunningham Court, Taunton, Somerset TA1 1AR2
£130K06/210.58 miFlat 4, Dovetail Court, Park Street, Taunton, Somerset TA1 4DF2
£124.6K06/210.59 mi17, Northfield Gardens, Taunton, Somerset TA1 1XN2
£140K10/200.59 miFlat 10, Avongrove Court, The Avenue, Taunton, Somerset TA1 1TL2
£155K03/230.59 miFlat 10, Avongrove Court, The Avenue, Taunton, Somerset TA1 1TL2
£122K12/200.59 miFlat 8, Dovetail Court, Park Street, Taunton, Somerset TA1 4DF2
£130K03/210.59 miFlat 6, Dovetail Court, Park Street, Taunton, Somerset TA1 4DF2
£105K06/210.59 mi11c, Park Street, Taunton, Somerset TA1 4DF2
£120K06/210.6 miFlat 2, Turkey Court, Vivary Road, Taunton, Somerset TA1 3JN2
£60K11/200.61 mi2, Northfield Gardens, Taunton, Somerset TA1 1XN2
£125K12/200.62 mi23, Northfield Gardens, Taunton, Somerset TA1 1XN2
£130K12/210.63 mi3a, Hamilton Court, Taunton, Somerset TA1 2PA2
£125K02/230.63 mi3b, Hamilton Court, Taunton, Somerset TA1 2PA2
£155K02/230.63 mi2b, Hamilton Court, Taunton, Somerset TA1 2PA2
£175K06/230.64 miFlat 7, Summerfield Court, French Weir Close, Taunton, Somerset TA1 1XJ2

Local Rents

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

RentDateDistanceAddressBeds 
£95009/240.07 miEast Reach, Taunton2
£1,00012/240.08 mi-2
£1,10003/250.11 mi-2
£1,20009/240.12 mi-2
£1,20012/240.12 mi-2
£1,20009/240.12 mi-2
£1,20009/240.13 miGloucester Street, TAUNTON2
£92509/240.19 miThe Octagon, Taunton, Somerset, TA12
£85009/240.19 miMiddle Street, Taunton, TA12
£1,50009/240.21 mi-2
£1,70003/250.21 mi-2
£99509/240.23 miPriory Avenue, Taunton2
£95009/240.23 miTaunton2
£85011/240.25 mi-2
£1,55009/240.29 miCoal Orchard, TAUNTON2
£1,60009/240.32 miCoal Orchard, TAUNTON2
£2,70009/240.42 mi-2
£2,70011/240.42 mi-2
£2,70002/250.42 mi-2
£2,70003/250.42 mi-2
£2,70009/240.44 mi-2
£2,70012/240.44 mi-2
£2,70002/250.44 mi-2
£2,70003/250.44 mi-2
£1,10009/240.48 miFirepool View, TAUNTON2
£1,10009/240.52 mi-2
£1,10009/240.53 mi-2
£1,05009/240.57 mi-2
£1,00002/250.57 mi-2
£89509/240.57 miUpper Wood Street, Taunton, TA12
£1,20009/240.58 miWestgate Street, Taunton, 2
£90009/240.59 miDovetail Court,park Street,taunton2
£95003/250.59 mi-2

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

0.09 miles away

Nearest school

0.20 miles away

Nearest train station

0.59 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 £135,000

January 3, 2025

Listed for £145,000

December 19, 2024

Floor Plans

Description

  • Council Tax Band B +
  • Leasehold 999 years from 1 September 2007 +
  • Ground Rent and Service Charge £840 Combined +
  • Spacious Living Room/Dining Room +
  • Modern Fitted Kitchen +
  • Two Double Bedrooms +
  • Electric Underflooring Heating +
  • Allocated Parking +
  • Convenient Location +
  • Viewing Advised +

NO ONWARDS CHAIN!
Ideal starter home this stylish apartment is available for immediate viewing. With two Double Bedrooms and allocated parking. Call now to Book

This two bedroom apartment is located in Taunton with close proximity to a range of amenities, schools, shopping facilities, food/drink establishments and more. The area also offers excellent road and transport links for travel both locally and further afield.

The accommodation briefly comprises a welcoming entrance way, a spacious living room and a fitted kitchen. There are two double bedrooms and a bathroom. Externally is one parking space.

This home is an excellent find. We anticipate a high amount of interest and as such we would recommend that any interested buyers inquire to arrange a viewing at the earliest convenience to ensure the opportunity is not missed.

Premium Fast Sale

The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.

Benefits

o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team

Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.

All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.

Deposit

Sales can be secured with a reservation deposit of £2,500. This forms part of the final purchase price and is NOT an extra cost.

This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.

An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.

Exclusivity

Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.

Process

Our Premium Fast Sale Plus follows the below process:

STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete

Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.

If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.

Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.

Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Please call us now to book an appointment.

We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.

Please call us now to book an appointment.

Call Recording

Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Disclaimer

Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:

The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition 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, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

TENURE

To be confirmed by the Vendor's Solicitors

Note

The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.

How to View this Property

Viewing is strictly by appointment please call us now for bookings.

AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.

Agent Details

Springbok Properties, Nationwide

0161 416 6302

Next Steps?

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