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2 Bed Terraced House, Refurb/BRRR, Templecombe, BA8 0LG, £137,000

West Street, Templecombe BA8 0LG - 5 views - 3 months ago

Sold STC
BTL
Refurb/BRRR
ROI: 12%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£144.5K - £320K
Sold Prices/m²£1.9K/m² - £4.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2K/m²

Value Estimate

£175,000

 

 

End Value (After Refurb)

£189,254

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£34,250

Stamp Duty & Legal Fees

£6,450

Refurb Costs

£27,720

Bridging Loan Interest

£3,596

Total Cash In

£73,766

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£189,254

Mortgage (After Refinance)

£141,940

Mortgage LTV

75%

Cash Released

£39,190

Cash Left In

£34,575

Equity

£47,313

Rent Range

£575 - £15,000

Rent Estimate

£1,836

Running Costs/mo

£979

Cashflow/mo

£857

Cashflow/yr

£10,289

ROI

14%

Gross Yield

16%

Local Sold Prices

26 sold prices from £144.5K to £320K, average is £226K. £1.9K/m² to £4.3K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£148.5K02/210.09 mi35, Bowden Road, Templecombe, Somerset BA8 0LF2
£215K06/230.09 mi61, Bowden Road, Templecombe, Somerset BA8 0LF2
£240K04/220.24 mi5, Templars Barton, Templecombe, Somerset BA8 0AX2
£200K04/220.24 mi13, Templars Barton, Templecombe, Somerset BA8 0AX2
£235K09/220.25 mi25, Yarn Barton, Templecombe, Somerset BA8 0JH2
£171K03/210.25 mi11, Yarn Barton, Templecombe, Somerset BA8 0JH2
£180K04/230.28 mi28, High Street, Templecombe, Somerset BA8 0JE2
£312.5K04/210.28 mi21, High Street, Templecombe, Somerset BA8 0JF2
£230K03/230.31 mi53, Yarn Barton, Templecombe, Somerset BA8 0JJ2
£245K08/220.31 mi75, Yarn Barton, Templecombe, Somerset BA8 0JJ2
£270K11/220.31 mi63, Yarn Barton, Templecombe, Somerset BA8 0JJ2
£220K06/230.31 mi39, Yarn Barton, Templecombe, Somerset BA8 0JJ2
£144.5K10/220.31 mi25, Brines Orchard, Templecombe, Somerset BA8 0JL2
£180K06/210.32 mi19, Brines Orchard, Templecombe, Somerset BA8 0JL2
£180K06/210.32 mi19, Brines Orchard, Templecombe, Somerset BA8 0JL2
£210K03/220.34 mi14, The Knapp, Templecombe, Somerset BA8 0JP2
£165K12/200.34 mi14, The Knapp, Templecombe, Somerset BA8 0JP2
£192K05/220.34 mi18, The Knapp, Templecombe, Somerset BA8 0JP2
£275K04/210.44 miLamorna Cottage, Yenston Hill, Yenston, Templecombe, Somerset BA8 0NA2
£320K03/230.49 miChestnut Cottage, 27, Slades Hill, Templecombe, Somerset BA8 0HF2
£240K05/220.56 miJasmine, 5, Blackmore Vale Close, Templecombe, Somerset BA8 0HB2
£287.5K03/220.56 miPoppies, 2, Blackmore Vale Close, Templecombe, Somerset BA8 0HB2
£256K06/210.77 miThe Chapel, Chapel Lane, Yenston, Templecombe, Somerset BA8 0NH2
£256K06/210.77 miThe Chapel, Chapel Lane, Yenston, Templecombe, Somerset BA8 0NH2
£300K02/220.77 miField View, 1a, Chapel Lane, Yenston, Templecombe, Somerset BA8 0NH2
£222K10/220.82 mi3, High Street, Yenston, Templecombe, Somerset BA8 0NG2

Local Rents

27 rents from £575/mo to £15K/mo, average is £975/mo.

RentDateDistanceAddressBeds 
£75003/240.25 miYarn Barton, Templecombe, Somerset, BA82
£95012/240.28 mi-2
£3,00004/230.35 mi-4
£67503/240.37 miHigh Street, Templecombe, Somerset, BA82
£1,10002/240.38 mi-3
£57505/240.41 miChurch Rise, Templecombe1
£97512/240.43 mi-3
£97502/250.43 mi-3
£79511/230.43 mi-1
£75004/250.43 mi-1
£89503/240.43 miConifer Cottage, Yenston Hill, Templecombe2
£89503/240.75 miYenston, Templecombe, Somerset, BA82
£15,00004/241.13 miHorsington, Templecombe, Somerset, BA88
£1,08512/231.31 mi-2
£98007/241.32 mi-1
£98005/241.32 miClare Cottage, Sherborne, DT91
£1,15011/241.34 mi-2
£85007/231.36 mi-1
£85009/231.36 mi-1
£87501/251.36 mi-1
£97503/251.36 mi-1
£4,00004/241.51 miFoxcombe Lane, Horsington6
£2,85011/241.51 mi-6
£1,85008/231.78 mi-3
£1,20005/241.99 miTownsend Green, Henstridge, Templecombe, BA83
£2,25003/242.44 miNorth Cheriton, Templecombe4
£1,25003/242.47 miLion Drive, Milborne Port, Sherborne, Somerset, DT93

Links

Local Area Statistics

Population in BA8

4,165

Town centre distance

0.40 miles away

Nearest school

0.50 miles away

Nearest train station

0.31 miles away

 

 

Rental growth (12m)

-18%

Sales demand

Buyer's market

Capital growth (5yrs)

+24%

Property History

Price changed to £137,000

March 20, 2025

Listed for £175,000

January 11, 2025

Floor Plans

Description

  • Immaculately Presented And Renovated Two Bedroom Terraced Home +
  • Fantastic Kitchen/Diner With Light And Airy Feel With Door Opening Onto Rear Garden +
  • Walking Distance To Mainline Train Station With Direct Link To London Waterloo +
  • A Fantastic First Time Purchase Or Buy To Let Investment Property +
  • Boasting New Heating System Via Air Source Heat Pump With 5 Year Warranty +
  • Generous Rear Garden Laid To Lawn And Outbuilding With Light, Power And Scope To Convert +
  • On Street Parking Available Nearby +
  • Modernised Bathroom Suite With Heated Towel Rail And Shower Over Bath +
  • Cosy Lounge/Snug Overlooking Front Garden Area +
  • Storage Cupboards/Wardrobes To Both Bedrooms +

TWO DOUBLE BEDROOM mid-terraced home boasting FANTASTIC RENOVATIONS THROUGHOUT. Recently installed KITCHEN with DINING AREA, a SHORT WALK no MAINLINE TRAIN STATION and presented to the market with NO FORWARD CHAIN.

Agent Details

Meyers Estate Agents, Shaftesbury

01747 449955

Next Steps?

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

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