2 Bed Terraced House, Cash/Bridging Only, Taunton, TA1 4NJ, £210,000

97 Queensway, Taunton, TA1 4NJ - 4 months ago

Sold STC
Cash
ROI: 2%
~58 m²
+11 photos

ValuationUndervalued

Sold Prices£132.5K - £875K
Sold Prices/m²£2.5K/m² - £6.2K/m²

 

 

Square Metres

~57.97 m²
Price/m²£3.6K/m²

Value Estimate

£216,300
BMV3%

 

 

End Value (After Refurb)

£205,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£13,400

Refurb Costs

£23,574

Bridging Loan Interest

£5,513

Total Cash In

£96,737

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£205,250

Mortgage (After Refinance)

£153,938

Mortgage LTV

75%

Cash Left In

£96,737

Equity

£51,313

Rent Range

£750 - £1,300

Rent Estimate

£1,064

Running Costs/mo

£874

Cashflow/mo

£190

Cashflow/yr

£2,278

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £132.5K to £875K, average is £275K. £2.5K/m² to £6.2K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£310K11/210 mi109, Queensway, Taunton, Somerset TA1 4NJ2
£170K02/210 mi103, Queensway, Taunton, Somerset TA1 4NJ2
£172.5K12/200.02 mi69, Queensway, Taunton, Somerset TA1 4NJ2
£245K11/230.14 mi8, Bovet Close, Taunton, Somerset TA1 4NY2
£275K07/230.16 mi6, Queensway, Taunton, Somerset TA1 4LD2
£250K09/230.18 mi100, Queensway, Taunton, Somerset TA1 5QT2
£270K11/200.19 mi4, Scafell Close, Taunton, Somerset TA1 4LF2
£204K12/230.2 mi101, Comeytrowe Lane, Taunton, Somerset TA1 5QG2
£320K07/230.23 mi7, Suffolk Crescent, Taunton, Somerset TA1 4JL2
£320K01/240.23 mi5, Suffolk Crescent, Taunton, Somerset TA1 4JL2
£132.5K06/210.23 mi22, Chapman Court, Taunton, Somerset TA1 4YB2
£290K03/230.23 mi15, Suffolk Crescent, Taunton, Somerset TA1 4JL2
£275K08/210.3 mi6, Norwich Close, Taunton, Somerset TA1 4LH2
£295K01/240.3 mi2, Essex Drive, Taunton, Somerset TA1 4JY2
£310K03/230.31 mi16, Langham Drive, Taunton, Somerset TA1 4LJ2
£243K03/210.32 mi3, Kilmorie Close, Taunton, Somerset TA1 5AJ2
£262.5K12/230.32 mi4, Kilmorie Close, Taunton, Somerset TA1 5AJ2
£288.5K12/230.32 mi8, Kilmorie Close, Taunton, Somerset TA1 5AJ2
£335K12/230.34 mi7, Hoopers Close, Taunton, Somerset TA1 5PN2
£360K12/200.38 mi7, New Road, Trull, Taunton, Somerset TA3 7NJ2
£242K11/200.38 mi65, Deane Drive, Taunton, Somerset TA1 5PP2
£242.5K04/210.4 miLittle Dalbrack, Shepherds Hay, Taunton, Somerset TA1 5NY2
£260K05/210.49 mi16, Galmington Lane, Taunton, Somerset TA1 5DG2
£254K10/230.57 mi7, Barton Green, Trull, Taunton, Somerset TA3 7NA2
£236K12/200.65 mi74, Manor Orchard, Taunton, Somerset TA1 4SQ2
£285K03/240.65 mi53, Manor Orchard, Taunton, Somerset TA1 4SQ2
£262K09/230.65 mi9, Poundisford Close, Taunton, Somerset TA1 4TF2
£285K11/200.66 mi2, Outer Gullands, Taunton, Somerset TA1 4SH2
£325K12/200.67 mi4, Trull Green Drive, Trull, Taunton, Somerset TA3 7JL2
£380K10/230.7 mi1, Ramshorn Green, Taunton, Somerset TA1 4SL2
£204K01/210.72 mi67, Musgrove Road, Taunton, Somerset TA1 5LE2
£325K08/230.73 mi2, Ramshorn Place, Taunton, Somerset TA1 4SW2
£220K12/200.74 mi1, South View Terrace, Trull, Taunton, Somerset TA3 7JX2
£170K12/200.74 mi18, Musgrove Road, Taunton, Somerset TA1 5LB2
£266K06/220.76 mi10, South View Terrace, Trull, Taunton, Somerset TA3 7JX2
£340K06/230.76 mi10, Manor Orchard, Taunton, Somerset TA1 4PS2
£215K11/200.78 mi47, Gillards, Bishops Hull, Taunton, Somerset TA1 5HH2
£260K12/200.78 mi2, Inner Gullands, Taunton, Somerset TA1 4SP2
£280K06/230.78 mi83, Gillards, Bishops Hull, Taunton, Somerset TA1 5HH2
£282.5K06/230.78 mi45, Gillards, Bishops Hull, Taunton, Somerset TA1 5HH2
£875K02/210.78 mi49, Trull Road, Taunton, Somerset TA1 4QN2
£308K06/210.79 mi5, The Spinney, Taunton, Somerset TA1 4RY2
£154K07/210.8 mi55, Quartly Drive, Bishops Hull, Taunton, Somerset TA1 5BF2
£335K02/210.82 mi11, Manor Orchard, Taunton, Somerset TA1 4PR2
£250K12/200.82 mi35, Parkfield Drive, Taunton, Somerset TA1 5BY2
£297.5K11/230.85 mi5, Parkfield Crescent, Taunton, Somerset TA1 4RX2
£285K03/210.85 mi9, Parkfield Crescent, Taunton, Somerset TA1 4RX2
£310K04/240.85 mi11, Parkfield Crescent, Taunton, Somerset TA1 4RX2
£273K12/200.86 mi1, Mill Lane Close, Trull, Taunton, Somerset TA3 7LB2
£320K05/230.86 mi1, Mill Lane Close, Trull, Taunton, Somerset TA3 7LB2

Local Rents

17 rents from £750/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,05009/240.18 miGalmington2
£1,17508/240.57 mi-2
£1,20001/250.57 mi-2
£95001/250.6 mi-2
£1,05009/240.74 miSouth View Terrace, Trull, TAUNTON2
£85009/240.77 miTrull Road, TAUNTON2
£1,20003/250.79 mi-2
£1,07509/240.89 miHilary Road, TAUNTON2
£1,10006/240.89 mi-2
£99509/240.9 miHamwood, Taunton2
£1,30009/240.9 miBishops Hull Hill, Bishops Hull, Taunton2
£1,25011/241 mi-2
£75002/241.02 mi-2
£1,20009/241.1 miWestgate Street, Taunton, 2
£90009/241.12 miDovetail Court,park Street,taunton2
£1,05009/241.14 mi-2
£1,00001/251.14 mi-2

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

1.59 miles away

Nearest school

0.10 miles away

Nearest train station

1.79 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £210,000

January 3, 2025

Floor Plans

Description

  • Two Bedrooms +
  • Mid Terrace House +
  • Popular Residential Location +
  • Close To Schools And Amenities +
  • Mains Gas Fired Central Heating +
  • uPVC Double Glazed +
  • Rear Garden +
  • Single Garage +
  • No Onward Chain +

The accommodation is arranged over two floors and comprises in brief; double glazed front door leading into a living room with a full height storage cupboard, stairs rising to the first floor and a uPVC double glazed window with aspect to the front. The kitchen is fitted with a range of matching wall and base storage units with roll edge work surfaces, a stainless steel sink, space and plumbing for a washing machine, space for an electric cooker, space for an under counter fridge and space for a fridge/freezer. There is also a uPVC double glazed window with aspect to the rear and a double glazed door providing access into the rear garden. On the first floor there are two bedrooms; bedroom one with a good size integrated wardrobe. The accommodation is completed with a family bathroom comprising panelled bath with shower over, low level wc and a wash hand basin. Externally, the rear garden is south-westerly facing and is predominantly laid to lawn and patio. There is a pedestrian rear access leading to a single garage which is located in a block nearby.

GENERAL REMARKS AND STIPULATIONS:
Tenure: The property is offered for sale freehold by private treaty with vacant possession on completion.
Services: Mains water with meter, mains electricity, mains drainage, gas fired central heating.
Local Authority: Somerset Council, County Hall, The Crescent, Taunton, Somerset, TA1 4DY
Property Location: w3w.co/wash.ocean.figure
Council Tax Band: B
EPC: C
Broadband Availability: Ultrafast with up to 1000 Mbps download speed and 220 Mbps upload speed.
Mobile Phone Coverage: Indoor-voice likely with O2 & Vodafone. Outdoor-voice & data likely with EE, Three, O2 & Vodafone.
Flood Risk: Rivers & Sea-very low. Surface water-low.

IMPORTANT NOTICE Wilkie May & Tuckwood for themselves and for the vendors of the property, whose agents they are, give notice that: 1. the particulars are intended to give a fair and substantially correct overall description for the guidance of intending purchaser and do not constitute part of an offer or contract. Prospective purchasers and lessees ought to seek their own professional advice. 2. All descriptions, dimensions, areas, reference to condition and necessary permissions for use and occupation 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 or otherwise as to the correctness of each of them. 3. No person in the employment of Wilkie May & Tuckwood has any authority to make or give any representations or warranty whatever in relation to this property on behalf of Wilkie May & Tuckwood, nor enter into any contract on behalf of the vendor. 4. No responsibility can be accepted for any expenses incurred by intending purchasers in inspecting properties which have been sold, let or withdrawn. Photographs taken and details prepared December 2024. MEASUREMENTS AND OTHER INFORMATION All measurements are approximate and have been taken by Nichecom. While we endeavour to make our sales particular accurate and reliable, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the information with you.
Code of Practice for Residential Estate Agents: Effective from 1 August 2011:
'8. Financial Evaluation 8a At the time that an offer has been made and is being considered by the seller, you must take reasonable steps to find out from the prospective buyer the source and availability of his funds for buying the property and pass this information to the seller. Such information will include whether the prospective buyer needs to sell a property, requires a mortgage, claims to be a cash buyer or any combination of these. Such relevant information that is available should be included in the Memorandum of Sale having regard to the provisions of the Data Protection Act.8b These reasonable steps must continue after acceptance of the offer until exchange of contracts (in Scotland, conclusion of missives) and must include regular monitoring of the prospective buyer's progress in achieving the funds required, and reporting such progress to the seller.
The agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for their purpose. A Buyer is advised to obtain verification from their solicitor or surveyor. References to the Tenure of the Property are based on information supplied by the Seller. The agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor.

Agent Details

Wilkie May & Tuckwood, Taunton

01823 212604

Next Steps?

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