3 Bed Terraced House, Refurb/BRRR, Taunton, TA1 2NP, £250,000

Trent Meadow, TAUNTON, TA1 2NP - 1 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 7%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£184.5K - £370K
Sold Prices/m²£2.1K/m² - £5.1K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£257,500
BMV3%

 

 

End Value (After Refurb)

£300,540

Uplift in Value

+20%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£37,820

Bridging Loan Interest

£6,563

Total Cash In

£117,333

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£300,540

Mortgage (After Refinance)

£225,405

Mortgage LTV

75%

Cash Released

£37,905

Cash Left In

£79,427

Equity

£75,135

Rent Range

£1,150 - £2,950

Rent Estimate

£2,053

Running Costs/mo

£1,370

Cashflow/mo

£683

Cashflow/yr

£8,199

ROI

7%

Gross Yield

10%

Local Sold Prices

50 sold prices from £184.5K to £370K, average is £250K. £2.1K/m² to £5.1K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£278K09/230.07 mi14, Medway Close, Taunton, Somerset TA1 2NS3
£250K06/210.07 mi4, Medway Close, Taunton, Somerset TA1 2NS3
£263K09/210.09 mi16, Derwent Grove, Taunton, Somerset TA1 2NJ3
£228K10/200.13 mi9, Kennet Grove, Taunton, Somerset TA1 2NT3
£235K12/200.13 mi2, Leadon Grove, Taunton, Somerset TA1 2NX3
£237K09/210.13 mi54, Calder Crescent, Taunton, Somerset TA1 2NH3
£250K10/200.13 mi51, Calder Crescent, Taunton, Somerset TA1 2NH3
£280K09/230.13 mi6, Calder Crescent, Taunton, Somerset TA1 2NH3
£240K12/200.2 mi10, Tyne Park, Taunton, Somerset TA1 2RP3
£234K10/230.21 mi50, Tyne Park, Taunton, Somerset TA1 2RP3
£300K11/200.24 mi48, Hamilton Road, Taunton, Somerset TA1 2ES3
£217K03/230.24 mi40, Charles Crescent, Taunton, Somerset TA1 2XN3
£210K04/230.25 mi23, Charles Crescent, Taunton, Somerset TA1 2XW3
£258K04/210.25 mi4, Lynor Close, Taunton, Somerset TA1 2RX3
£290K10/200.26 mi10, Bridgwater Road, Taunton, Somerset TA1 2DS3
£320K11/200.26 mi12, Bridgwater Road, Taunton, Somerset TA1 2DS3
£345K02/240.26 mi12, Bridgwater Road, Taunton, Somerset TA1 2DS3
£190K01/210.26 mi32, Newton Road, Taunton, Somerset TA1 2XG3
£305.9K09/210.27 mi25, Ashbourne Crescent, Taunton, Somerset TA1 2RA3
£270K11/230.27 mi15, Redlake Drive, Taunton, Somerset TA1 2RU3
£255K09/230.27 mi103, Redlake Drive, Taunton, Somerset TA1 2RU3
£277K03/230.27 mi93, Redlake Drive, Taunton, Somerset TA1 2RU3
£315K09/210.27 mi27, Bridgwater Road, Taunton, Somerset TA1 2DP3
£250K05/230.27 mi43, Bridgwater Road, Taunton, Somerset TA1 2DP3
£218.5K12/200.28 mi95, Thames Drive, Taunton, Somerset TA1 2TE3
£240K03/240.29 mi33, Chelmer Close, Taunton, Somerset TA1 2TB3
£285K08/230.3 mi26, Bowmont Grove, Taunton, Somerset TA1 2RF3
£250K04/210.31 mi27, Marden Grove, Taunton, Somerset TA1 2RT3
£307K12/230.31 mi25, Marden Grove, Taunton, Somerset TA1 2RT3
£193.5K03/210.31 mi81, Ashbourne Crescent, Taunton, Somerset TA1 2RA3
£245K04/240.31 mi89, Ashbourne Crescent, Taunton, Somerset TA1 2RA3
£235K06/230.31 mi15, Ashbourne Crescent, Taunton, Somerset TA1 2RA3
£234.5K11/220.32 mi52, Laxton Road, Taunton, Somerset TA1 2XB3
£237K12/230.33 mi37, Russett Road, Taunton, Somerset TA1 2XE3
£251K04/210.36 mi19, Kenwyn Close, Taunton, Somerset TA1 2RG3
£297K03/210.36 mi125, Hamilton Road, Taunton, Somerset TA1 2EP3
£370K10/200.36 mi111, Hamilton Road, Taunton, Somerset TA1 2EP3
£250K12/220.4 mi70, Severn Drive, Taunton, Somerset TA1 2PW3
£229K12/200.4 mi58, Severn Drive, Taunton, Somerset TA1 2PW3
£258K01/230.4 mi68, Severn Drive, Taunton, Somerset TA1 2PW3
£210K10/200.41 mi37, Bramley Road, Taunton, Somerset TA1 2XJ3
£233.5K12/200.41 mi83, Normandy Drive, Taunton, Somerset TA1 2LE3
£192K02/210.41 mi52, Lisieux Way, Taunton, Somerset TA1 2JZ3
£184.5K09/210.44 mi7, Barrow Drive, Taunton, Somerset TA1 2UU3
£236K06/210.44 mi5, Laxton Road, Taunton, Somerset TA1 2UW3
£246K06/210.48 mi23, Bloomfield Close, Taunton, Somerset TA1 2EN3
£230K03/210.48 mi37, Bloomfield Close, Taunton, Somerset TA1 2EN3
£285K09/230.48 mi27, Bloomfield Close, Taunton, Somerset TA1 2EN3
£360K11/220.48 mi1, Raps Close, Taunton, Somerset TA1 2UY3
£230K10/200.48 mi4, Raps Close, Taunton, Somerset TA1 2UY3

Local Rents

25 rents from £1.1K/mo to £3K/mo, average is £2.7K/mo.

RentDateDistanceAddressBeds 
£1,35009/240.11 miThames Drive, Taunton3
£1,20009/240.3 miAshbourne Crescent, Taunton3
£1,25009/240.32 miAshbourne Crescent, Taunton3
£1,35009/240.5 miCreechberry Orchard, Taunton3
£1,32509/240.57 miPoplar Road, Taunton TA13
£1,20009/240.6 miParmin Way, TA1 3
£1,15009/240.66 miBeadon Road, TAUNTON3
£1,40009/240.78 mi-3
£2,70009/240.82 mi-3
£2,70012/240.82 mi-3
£2,70002/250.82 mi-3
£2,70003/250.82 mi-3
£1,40008/240.96 mi-3
£1,30011/241.06 mi-3
£1,30009/241.09 miFirepool Crescent, Taunton3
£1,30009/241.09 miFirepool Crescent, Taunton3
£2,95002/241.1 mi-3
£2,95009/241.1 mi-3
£2,95009/241.1 mi-3
£2,95009/241.1 mi-3
£2,95009/241.1 mi-3
£2,95007/241.1 mi-3
£2,95008/241.1 mi-3
£2,95002/251.1 mi-3
£2,95003/251.1 mi-3

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

1.21 miles away

Nearest school

0.30 miles away

Nearest train station

1.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £250,000

December 26, 2024

Sold for £59,950

1999

Description

  • No Onward Chain +
  • South Facing +
  • Situated on No Through Road +
  • Corner Plot +
  • Garage & Driveway +
  • Three Bedrooms +
  • Gas Fired Central Heating: 'Worcester' Boiler +
  • Spacious Front Aspect Lounge. Kitchen/Diner To Rear +

SUMMARY
Available with NO ONWARD CHAIN is this SOUTH FACING three-bedroom home with a GARAGE and off-road parking.

Situated on an elevated plot, there is a good degree of privacy from the road. With Trent Meadow being a no through road, there is little passing traffic.

DESCRIPTION
Situated on a SOUTH FACING elevated plot, and available with NO ONWARD CHAIN, this three-bedroom home comes with a GARAGE and off-road parking.

Internally, there is a front-aspect lounge with stairs rising to the first floor and a kitchen/diner across the back of the property, having access to the garden.

The rear garden is laid to an area of patio immediately adjacent to the rear elevation and an area of lawn. A gate in the rear boundary provides rear access.

The garden also provides rear access into the garage.

To the first floor are the three bedrooms and bathroom. The main bedroom is particularly large, measuring in excess of 14' wide.

The property is warmed by a gas central heating system, the boiler for which is situated in the kitchen. The Worcester boiler was installed in 2019 and is therefore still under guarantee.

This well-proportioned home is in need of modernisation, but is situated just a short drive from the M5 and walking distance from Blackbrook Business Park. Equally, the centre of Taunton is just a short drive away.

Ground Floor 

Lounge 15' 1" x 13' 11" ( 4.60m x 4.24m )
Window to the front aspect, stairs to the first floor, storage cupboard and access to kitchen/diner.

Kitchen/Diner 13' 11" x 10' 10" ( 4.24m x 3.30m )
Fitted wall and base units, gas fired 'Worcester' boiler and door to rear garden. Space for dining table.

First Floor Landing 
Access to all bedrooms and bathroom. Airing cupboard.

Bedroom One 8' 8" x 14' 3" ( 2.64m x 4.34m )
Large principle bedroom with window to the rear aspect.

Bedroom Two 7' 6" x 11' 8" ( 2.29m x 3.56m )
Window to the front aspect.

Bedroom Three 8' 4" x 6' 2" ( 2.54m x 1.88m )
Window to the front.

Bathroom 
Bath with shower over, WC, wash basin and window to the rear.

Outside 
Off road parking in front of the garage with up and over door. To the rear is a low maintenance garden with a mix of wooden fencing and brick wall for boundaries. gated rear access. Please note that the area of grass to the left of the side wall is part of the property.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Taunton

01823 212322

Next Steps?

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