3 Bed Detached House, Refurb/BRRR, Taunton, TA2 6NQ, £400,000

26 Greenway Crescent, Taunton, TA2 6NQ - 4 months ago

Refurb/BRRR

ROI: 3%

97 m²

+13 photos

ValuationOvervalued

Sold Prices	£159K - £370K
Sold Prices/m²	£1.3K/m² - £3.8K/m²

Square Metres	97 m²
Price/m²	£4.1K/m²
Value Estimate	£239,659£239,659

End Value (After Refurb)	£350,000£350,000

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£100,000£100,000
Stamp Duty & Legal Fees	£31,200£31,200
Refurb Costs	£39,447£39,447
Bridging Loan Interest	£10,500£10,500
Total Cash In	£182,897£182,897

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£350,000£350,000
Mortgage (After Refinance)	£262,500£262,500
Mortgage LTV	75%75%
Cash Left In	£182,897£182,897
Equity	£87,500£87,500
Rent Range	£1,150 - £2,950£1,150 - £2,950
Rent Estimate	£1,935
Running Costs/mo	£1,501£1,501
Cashflow/mo	£434£434
Cashflow/yr	£5,211£5,211
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

51 sold prices from £159K to £370K, average is £250K. £1.3K/m² to £3.8K/m², average is £2.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£220K	10/23	0.04 mi	64, Greenway Road, Taunton, Somerset TA2 6LE	£2,138	103	3	Terraced House
£365K	01/24	0.04 mi	74, Greenway Road, Taunton, Somerset TA2 6LE	£3,017	121	3	Terraced House
£198K	06/21	0.06 mi	65, Greenway Road, Taunton, Somerset TA2 6LD	£1,976	100	3	Terraced House
£340K	06/21	0.06 mi	2a, Greenway Crescent, Taunton, Somerset TA2 6NG	£2,931	116	3	Semi-Detached House
£272K	12/20	0.06 mi	Sunnydale, 37, Greenway Crescent, Taunton, Somerset TA2 6NG	-	-	3	Semi-Detached House
£330K	07/23	0.06 mi	43, Greenway Crescent, Taunton, Somerset TA2 6NG	-	-	3	Semi-Detached House
£207.5K	04/21	0.07 mi	9, Winston Close, Taunton, Somerset TA2 6JS	£2,695	77	3	Terraced House
£250K	10/21	0.07 mi	63, Greenway Crescent, Taunton, Somerset TA2 6NH	-	-	3	Semi-Detached House
£370K	03/23	0.07 mi	42, Greenway Crescent, Taunton, Somerset TA2 6NH	£3,776	98	3	Semi-Detached House
£165K	11/20	0.08 mi	10, Winston Close, Taunton, Somerset TA2 6JS	£1,964	84	3	Terraced House
£225K	05/21	0.08 mi	54, Greenway Crescent, Taunton, Somerset TA2 6NH	£2,296	98	3	Semi-Detached House
£370K	06/21	0.09 mi	96, Greenway Road, Taunton, Somerset TA2 6LF	£3,180	116	3	Detached House
£265K	10/23	0.11 mi	97, Kingston Road, Taunton, Somerset TA2 7SN	£2,691	98	3	Terraced House
£350K	03/23	0.11 mi	43, Leslie Avenue, Taunton, Somerset TA2 6JW	£3,302	106	3	Terraced House
£241K	01/23	0.11 mi	4, Greenway Road, Taunton, Somerset TA2 6LB	£2,490	97	3	Semi-Detached House
£213.5K	01/24	0.11 mi	18, Greenway Road, Taunton, Somerset TA2 6LB	-	-	3	Terraced House
£160K	04/23	0.12 mi	17, Jubilee Street, Taunton, Somerset TA2 6JA	£1,675	96	3	Terraced House
£360.5K	05/21	0.13 mi	35, Peile Drive, Taunton, Somerset TA2 7SZ	-	-	3	Detached House
£350K	12/22	0.13 mi	30, Peile Drive, Taunton, Somerset TA2 7SZ	-	-	3	Detached House
£196K	01/21	0.14 mi	111, Kingston Road, Taunton, Somerset TA2 7SP	£2,167	90	3	Terraced House
£306K	05/21	0.14 mi	112, Kingston Road, Taunton, Somerset TA2 7SP	£3,026	101	3	Semi-Detached House
£305K	03/24	0.14 mi	29, Greenway Avenue, Taunton, Somerset TA2 6HY	£2,585	118	3	Terraced House
£257.5K	01/23	0.14 mi	37, Greenway Road, Taunton, Somerset TA2 6LA	-	-	3	Terraced House
£263K	12/20	0.14 mi	127, Greenway Road, Taunton, Somerset TA2 6LG	£2,121	124	3	Terraced House
£300K	09/23	0.15 mi	18, Leslie Avenue, Taunton, Somerset TA2 6JN	£2,752	109	3	Terraced House
£244K	03/21	0.16 mi	55, Greenway Avenue, Taunton, Somerset TA2 6HZ	£2,198	111	3	Terraced House
£315K	03/23	0.16 mi	48, Greenway Avenue, Taunton, Somerset TA2 6HZ	£2,545	124	3	Terraced House
£294.5K	05/23	0.16 mi	52, Greenway Avenue, Taunton, Somerset TA2 6HZ	£2,596	113	3	Terraced House
£240K	10/20	0.17 mi	54, George Street, Taunton, Somerset TA2 7DE	£2,697	89	3	Terraced House
£243K	12/20	0.18 mi	3, Greenway Avenue, Taunton, Somerset TA2 6HU	£2,359	103	3	Terraced House
£230K	07/23	0.18 mi	47, St Andrews View, Taunton, Somerset TA2 6JU	£3,433	67	3	Semi-Detached House
£230K	07/23	0.18 mi	47, St Andrews View, Taunton, Somerset TA2 6JU	£3,433	67	3	Semi-Detached House
£240K	10/20	0.18 mi	19, Greenway Avenue, Taunton, Somerset TA2 6HU	£2,105	114	3	Semi-Detached House
£200K	03/21	0.18 mi	15, Greenway Avenue, Taunton, Somerset TA2 6HU	£1,709	117	3	Terraced House
£159K	03/23	0.18 mi	8, Greenway Avenue, Taunton, Somerset TA2 6HU	£1,251	127	3	Terraced House
£225K	06/21	0.19 mi	44, Addison Grove, Taunton, Somerset TA2 6JG	£2,250	100	3	Terraced House
£340K	06/23	0.19 mi	162, Kingston Road, Taunton, Somerset TA2 7SR	-	-	3	Semi-Detached House
£185K	09/23	0.19 mi	27, Fowler Street, Taunton, Somerset TA2 6JB	-	-	3	Terraced House
£274K	09/21	0.2 mi	28, Maxwell Street, Taunton, Somerset TA2 6HS	£2,157	127	3	Terraced House
£260K	02/23	0.2 mi	21, Maxwell Street, Taunton, Somerset TA2 6HR	£2,921	89	3	Terraced House
£202K	03/21	0.21 mi	5, Maxwell Street, Taunton, Somerset TA2 6HR	£2,322	87	3	Terraced House
£240K	05/24	0.21 mi	19, Maxwell Street, Taunton, Somerset TA2 6HR	£3,091	78	3	Terraced House
£235K	12/20	0.22 mi	58, Addison Grove, Taunton, Somerset TA2 6JH	£2,455	96	3	Semi-Detached House
£322K	05/24	0.22 mi	53, Addison Grove, Taunton, Somerset TA2 6JH	£3,462	93	3	Semi-Detached House
£285K	11/23	0.22 mi	4, Longacre Close, Taunton, Somerset TA2 7TA	£3,032	94	3	Terraced House
£260K	04/24	0.22 mi	14, Longacre Close, Taunton, Somerset TA2 7TA	£3,095	84	3	House
£300K	05/23	0.23 mi	9, Addison Grove, Taunton, Somerset TA2 6JF	£3,191	94	3	Semi-Detached House
£185K	06/21	0.24 mi	37, Portman Street, Taunton, Somerset TA2 7BT	£2,447	76	3	Terraced House
£190K	07/23	0.24 mi	43, Portman Street, Taunton, Somerset TA2 7BT	£2,346	81	3	Terraced House
£285K	06/23	0.24 mi	35, Herbert Street, Taunton, Somerset TA2 6HJ	£2,608	109	3	Terraced House
£247.5K	06/23	0.24 mi	7, Cyril Street, Taunton, Somerset TA2 6HW	£2,552	97	3	Terraced House

Local Rents

33 rents from £1.1K/mo to £3K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,350	10/24	0.16 mi	-	3	Semi-Detached House
£1,250	09/24	0.21 mi	-	3	Terraced House
£1,250	02/25	0.3 mi	-	3	Flat
£1,350	09/24	0.51 mi	Woodstock Road	3	Detached House
£1,250	09/24	0.53 mi	Richmond Road, Taunton, TA1	3	Terraced House
£1,300	09/24	0.54 mi	Eaton Crescent, Taunton	3	Detached House
£1,350	09/24	0.71 mi	Sheldon Court, Taunton	3	Flat
£2,950	02/24	0.75 mi	-	3	Terraced House
£2,950	09/24	0.75 mi	-	3	Terraced House
£2,950	09/24	0.75 mi	-	3	Terraced House
£2,950	09/24	0.75 mi	-	3	Terraced House
£2,950	09/24	0.75 mi	-	3	Terraced House
£2,950	07/24	0.75 mi	-	3	Terraced House
£2,950	08/24	0.75 mi	-	3	Terraced House
£2,950	02/25	0.75 mi	-	3	Terraced House
£2,950	03/25	0.75 mi	-	3	Terraced House
£1,300	09/24	0.75 mi	Firepool Crescent, Taunton	3	Terraced House
£1,300	09/24	0.76 mi	Firepool Crescent, Taunton	3	Terraced House
£1,270	01/25	0.9 mi	-	3	Terraced House
£1,275	11/24	1 mi	-	3	Bungalow
£1,150	09/24	1 mi	-	3	Bungalow
£2,700	09/24	1.06 mi	-	3	Terraced House
£2,700	12/24	1.06 mi	-	3	Terraced House
£2,700	02/25	1.06 mi	-	3	Terraced House
£2,700	03/25	1.06 mi	-	3	Terraced House
£1,300	09/24	1.08 mi	The Shaulders, Taunton,	3	Detached House
£1,200	09/24	1.09 mi	Standfast Place, Taunton, TA2	3	Flat
£1,500	09/24	1.1 mi	Taunton, TA1	3	Detached House
£1,150	07/24	1.14 mi	-	3	Terraced House
£1,400	08/24	1.15 mi	-	3	Terraced House
£1,475	09/24	1.17 mi	Rossiter Road, Taunton	3	Detached House
£1,150	09/24	1.23 mi	Beadon Road, TAUNTON	3	Flat
£1,950	01/25	1.24 mi	-	3	Semi-Detached House

Local Area Statistics

Population in TA2	26,58826,588
Population in Taunton	85,08885,088
Town centre distance	1.02 miles away1.02 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.41 miles away0.41 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-7%-7%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+18%+18%

Property History

Price changed to £400,000

February 4, 2025

Listed for £415,000

December 21, 2024

Floor Plans

Description

DETACHED 1930S HOME +
THREE GENEROUS SIZED BEDROOMS +
IMPRESSIVE KITCHEN RENOVATION +
GARAGE +
GROUND FLOOR WC +
LARGE SOUTH/WEST REAR GARDEN +
DRIVEWAY PARKING FOR THREE VEHICLES +
NO ONWARD CHAIN +

Built in the 1930s this fantastic home has been beautifully upgraded to include a high specification kitchen renovation and upgraded shower room. The property boasts three bedrooms, open plan kitchen/dining/breakfast room, conservatory, living room, utility and ground floor WC. Externally, to the front of the property is a driveway that offers tandem parking. Furthermore to the rear of the property there is another parking space in front of the GARAGE (which is enhanced with light, power and water supply). The property is offered to the market with no onward chain and is warmed by gas fired central heating and double glazed throughout.

Agent Details

EweMove, Covering South West England

01274 015976

Next Steps?

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

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