3 Bed Bungalow, Refurb/BRRR, Somerton, TA11 6HX, £425,000

332 Langport Road, Somerton, Somerset, TA11 6HX - 2 views - 3 months ago

Sold STC
Refurb/BRRR
~93 m²
+18 photos

ValuationOvervalued

Sold Prices£205K - £443K
Sold Prices/m²£2.3K/m² - £8.9K/m²

 

 

Square Metres

~93 m²
Price/m²£4.6K/m²

Value Estimate

£299,462

 

 

End Value (After Refurb)

£375,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Refurb Costs

£38,000

Bridging Loan Interest

£11,156

Total Cash In

£179,856

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£375,000

Mortgage (After Refinance)

£281,250

Mortgage LTV

75%

Cash Left In

£179,856

Equity

£93,750

Rent Range

£550 - £3,250

Rent Estimate

£1,345

Running Costs/mo

£1,461

Cashflow/mo

£-116

Cashflow/yr

£-1,390

Gross Yield

4%

Local Sold Prices

52 sold prices from £205K to £443K, average is £283.8K. £2.3K/m² to £8.9K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£300K02/210.13 mi2, Meadow Close, Somerton, Somerset TA11 6AS3
£420K08/210.13 miLyndhurst, Langport Road, Somerton, Somerset TA11 6HX3
£217K03/210.21 mi7, Orchard Road, Somerton, Somerset TA11 6JQ3
£443K12/220.29 mi5, Westholm Road, Somerton, Somerset TA11 6HQ3
£358K02/210.33 miPax, Bancombe Road, Somerton, Somerset TA11 6SD3
£240K11/200.37 mi2, Bancombe Road, Somerton, Somerset TA11 6SA3
£249K08/230.37 mi3, Bancombe Road, Somerton, Somerset TA11 6SA3
£278K04/210.37 mi4, Ricksey Close, Somerton, Somerset TA11 6PN3
£285K05/210.41 mi42, Sevenacres, Somerton, Somerset TA11 6HG3
£280K02/240.43 mi19, Farm Drive, Somerton, Somerset TA11 6PJ3
£330K12/230.43 mi6, Farm Close, Somerton, Somerset TA11 6QE3
£275K12/230.43 mi29, Russet Road, Somerton, Somerset TA11 6AU3
£385K09/230.45 mi4, Sevenacres, Somerton, Somerset TA11 6HF3
£385K09/230.45 mi4, Sevenacres, Somerton, Somerset TA11 6HF3
£285K01/240.48 miRutherford, St Cleers, Somerton, Somerset TA11 6HE3
£228K08/220.54 mi12, New Cross, Somerton, Somerset TA11 6HH3
£292.5K08/230.55 mi92, Behind Berry, Somerton, Somerset TA11 6SF3
£225K04/210.55 mi33, St Cleers Orchard, Somerton, Somerset TA11 6QU3
£225K04/210.56 mi2, Waverley, Somerton, Somerset TA11 6SH3
£280K01/240.56 mi33, Waverley, Somerton, Somerset TA11 6SH3
£292.5K07/230.57 mi53, St Cleers Orchard, Somerton, Somerset TA11 6QY3
£292.5K07/230.57 mi53, St Cleers Orchard, Somerton, Somerset TA11 6QY3
£222K07/220.58 miBettws, Northfield, Somerton, Somerset TA11 6SL3
£299.9K11/230.6 mi10, Pauls Road, Somerton, Somerset TA11 6SW3
£305K06/210.61 miSunnyside, Langport Road, Somerton, Somerset TA11 6RT3
£290K11/210.61 miGrey Cottage, Langport Road, Somerton, Somerset TA11 6RT3
£212K04/210.62 mi41, Highfield Way, Somerton, Somerset TA11 6SQ3
£295K08/230.62 mi41, Highfield Way, Somerton, Somerset TA11 6SQ3
£420K06/210.63 mi5, Highfield Close, Somerton, Somerset TA11 6SZ3
£234K01/210.63 miCharnwood, 12, Camden Orchard, Somerton, Somerset TA11 6RL3
£295K06/230.63 mi10, Camden Orchard, Somerton, Somerset TA11 6RL3
£256.8K12/200.65 mi20, Highfield Way, Somerton, Somerset TA11 6SG3
£345K06/230.65 mi7, Northfield Way, Somerton, Somerset TA11 6ST3
£230K03/210.69 mi4, Chantry Court, Somerton, Somerset TA11 6JZ3
£290K08/220.69 mi8, Chantry Court, Somerton, Somerset TA11 6JZ3
£212K10/210.71 mi32, Etsome Terrace, Somerton, Somerset TA11 6LS3
£255K12/220.71 miColumbine Cottage, Sutton Road, Somerton, Somerset TA11 6QL3
£205K02/210.73 mi17, Polham Lane, Somerton, Somerset TA11 6SP3
£249.9K07/220.74 mi37, Polham Lane, Somerton, Somerset TA11 6SP3
£365K06/210.74 miChatsworth House, Sutton Road, Somerton, Somerset TA11 6QL3
£325K10/200.75 miHollywell House, Somerton Hill, Langport, Somerset TA10 9AD3
£282.5K08/220.75 mi3, Etsome Road, Somerton, Somerset TA11 6LU3
£300K11/220.75 mi21, Etsome Terrace, Somerton, Somerset TA11 6LD3
£238K11/200.76 miCaimbuel House, 5, Harding Court, Somerton, Somerset TA11 6TD3
£217K10/230.77 mi16, Great Western Lane, Somerton, Somerset TA11 6TF3
£209.9K09/210.8 mi31, Walnut Drive, Somerton, Somerset TA11 6LL3
£325K05/240.81 mi3, Laburnum Close, Somerton, Somerset TA11 6LP3
£260K01/230.85 mi11, Queens Road, Somerton, Somerset TA11 6JU3
£295K11/200.86 mi18, Behind Berry, Somerton, Somerset TA11 6JS3
£265K07/210.86 mi30, Behind Berry, Somerton, Somerset TA11 6JS3
£260K01/230.86 mi29, Behind Berry, Somerton, Somerset TA11 6JS3
£372.5K02/240.86 mi28, Behind Berry, Somerton, Somerset TA11 6JS3

Local Rents

16 rents from £550/mo to £3.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,85009/240.32 miLangport Road, Somerton3
£1,20009/240.6 miLangport Road, Somerton, TA113
£2,25009/240.75 miSutton Road, Somerton4
£77509/240.76 miMowries Court, Somerton2
£85009/240.77 miGreat Western Lane, Somerton2
£1,05009/240.79 miSearle Court, Somerton, TA113
£84509/240.81 mi-1
£1,10009/240.81 miLawrence Close, Somerton2
£87509/240.91 miFlat 2, Easton House West Street, Somerton, Somerset2
£55009/240.95 miSomerton1
£1,35009/241.12 miNorth Street, Somerton3
£97509/241.12 miLion Mews, Somerton2
£3,25009/241.24 miFurnished Barn conversion 4
£1,80009/241.93 miLong Sutton, Langport5
£1,40012/242 mi-4
£1,40001/252 mi-4

Local Area Statistics

Population in TA11

9,093

Town centre distance

0.75 miles away

Nearest school

0.60 miles away

Nearest train station

9.69 miles away

 

 

Rental growth (12m)

+67%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £425,000

January 9, 2025

Floor Plans

Description

  • Offered with no onward chain +
  • Large detached bungalow requiring modernisation throughout +
  • Three double bedrooms with master en-suite +
  • Mature gardens to front and back +
  • Gated entrance with ample driveway +
  • Detached double garage +
  • Large corner plot with views of open countryside +

Detached bungalow offered with no onward chain and the opportunity to modernise throughout. Situated on a large corner plot, the spacious accommodation comprises, in brief - entrance porch, WC, double aspect kitchen/ diner with westerly views of open countryside, large sitting room featuring sliding patio doors to the rear and an open fire, master bedroom with en-suite and two further bedrooms serviced by a family bathroom. Externally, the property is accessed via a single wooden gate which leads to ample parking, turning space and a large garage. The mature garden offers a huge degree of privacy. It is mainly laid to lawn with mature borders, trees, flower beds and a greenhouse.

Location
Somerton is a picturesque, rural town in the heart of Somerset. There are a good level of amenities within this beautiful Market town including some local, independent shops, Art Galleries, antiques, cafes and several public houses enjoying attractive beer gardens and restaurants. Somerton also offers a library, doctor and dentist surgery, opticians, TSB bank, churches and schools within the town. Further amenities can be found on the outskirts of Somerton within Bancombe Business Park including garages, recycling centre and Edgar Hall which holds a number of events for the locals to enjoy. A more comprehensive range of amenities can be found in Yeovil (south) or the County town of Taunton (west). Somerton is well positioned for travel, close to the A303 and M5 with a well linked bus service and mainline railway stations are located in Castle Cary, Yeovil and Taunton with direct links to Waterloo and Paddington.

Directions
From The Market Place in Somerton head south towards West Street. At the junction and keeping right, follow to the mini roundabout. Take the first exit and proceed along Langport Road. Turn right onto Cartway Lane and the property will be immediately on your right.

Material Information
All available property information can be provided upon request from Holland & Odam. For confirmation of mobile phone and broadband coverage, please visit checker.ofcom.org.uk

Agent Details

holland & odam, Somerton

01458 552275

Next Steps?

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