3 Bed Semi-Detached House, Refurb/BRRR, Taunton, TA1 2XB, £240,000

Laxton Road, Taunton, Somerset, TA1 2XB - 2 views - 2 months ago

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

ValuationUndervalued

Sold Prices£161K - £561K
Sold Prices/m²£1.7K/m² - £6.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.6K/m²

Value Estimate

£257,500
BMV3%

 

 

End Value (After Refurb)

£273,381

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£37,820

Bridging Loan Interest

£6,300

Total Cash In

£114,570

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£273,381

Mortgage (After Refinance)

£205,036

Mortgage LTV

75%

Cash Released

£25,036

Cash Left In

£89,534

Equity

£68,345

Rent Range

£1,150 - £2,950

Rent Estimate

£1,959

Running Costs/mo

£1,266

Cashflow/mo

£693

Cashflow/yr

£8,315

ROI

7%

Gross Yield

10%

Local Sold Prices

50 sold prices from £161K to £561K, average is £252.5K. £1.7K/m² to £6.4K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£234.5K11/220.05 mi52, Laxton Road, Taunton, Somerset TA1 2XB3
£237K12/230.07 mi37, Russett Road, Taunton, Somerset TA1 2XE3
£184.5K09/210.08 mi7, Barrow Drive, Taunton, Somerset TA1 2UU3
£190K01/210.11 mi32, Newton Road, Taunton, Somerset TA1 2XG3
£360K11/220.12 mi1, Raps Close, Taunton, Somerset TA1 2UY3
£230K10/200.12 mi4, Raps Close, Taunton, Somerset TA1 2UY3
£236K06/210.14 mi5, Laxton Road, Taunton, Somerset TA1 2UW3
£172.5K12/200.15 mi10, Raps Green, Taunton, Somerset TA1 2UT3
£292.5K03/240.16 mi5, Blackbrook Road, Taunton, Somerset TA1 2UR3
£292K12/220.16 mi9, Raps Green, Taunton, Somerset TA1 2UT3
£210K10/200.17 mi37, Bramley Road, Taunton, Somerset TA1 2XJ3
£210K04/230.19 mi23, Charles Crescent, Taunton, Somerset TA1 2XW3
£217K03/230.22 mi40, Charles Crescent, Taunton, Somerset TA1 2XN3
£260K05/230.25 mi2, Creechberry Orchard, Taunton, Somerset TA1 2EX3
£265K04/230.25 mi12, Creechberry Orchard, Taunton, Somerset TA1 2EX3
£285K05/230.25 mi16, Creechberry Orchard, Taunton, Somerset TA1 2EX3
£290K10/200.25 mi10, Bridgwater Road, Taunton, Somerset TA1 2DS3
£320K11/200.25 mi12, Bridgwater Road, Taunton, Somerset TA1 2DS3
£345K02/240.25 mi12, Bridgwater Road, Taunton, Somerset TA1 2DS3
£315K09/210.28 mi27, Bridgwater Road, Taunton, Somerset TA1 2DP3
£250K05/230.28 mi43, Bridgwater Road, Taunton, Somerset TA1 2DP3
£263K09/210.28 mi16, Derwent Grove, Taunton, Somerset TA1 2NJ3
£250K06/210.35 mi4, Medway Close, Taunton, Somerset TA1 2NS3
£278K09/230.39 mi14, Medway Close, Taunton, Somerset TA1 2NS3
£237K09/210.39 mi54, Calder Crescent, Taunton, Somerset TA1 2NH3
£250K10/200.39 mi51, Calder Crescent, Taunton, Somerset TA1 2NH3
£280K09/230.39 mi6, Calder Crescent, Taunton, Somerset TA1 2NH3
£300K11/200.39 mi48, Hamilton Road, Taunton, Somerset TA1 2ES3
£525K06/230.4 miAraglen, Hyde Lane, Bathpool, Taunton, Somerset TA2 8BX3
£228K10/200.4 mi9, Kennet Grove, Taunton, Somerset TA1 2NT3
£297K03/210.45 mi125, Hamilton Road, Taunton, Somerset TA1 2EP3
£370K10/200.45 mi111, Hamilton Road, Taunton, Somerset TA1 2EP3
£235K12/200.47 mi2, Leadon Grove, Taunton, Somerset TA1 2NX3
£218.5K12/200.53 mi95, Thames Drive, Taunton, Somerset TA1 2TE3
£246K06/210.53 mi23, Bloomfield Close, Taunton, Somerset TA1 2EN3
£230K03/210.53 mi37, Bloomfield Close, Taunton, Somerset TA1 2EN3
£285K09/230.53 mi27, Bloomfield Close, Taunton, Somerset TA1 2EN3
£240K03/240.56 mi33, Chelmer Close, Taunton, Somerset TA1 2TB3
£240K12/200.57 mi10, Tyne Park, Taunton, Somerset TA1 2RP3
£561K08/230.57 miAppledore, Swingbridge, Bathpool, Taunton, Somerset TA2 8BY3
£234K10/230.58 mi50, Tyne Park, Taunton, Somerset TA1 2RP3
£161K11/200.59 mi5, Beadon Road, Taunton, Somerset TA1 2DJ3
£305.9K09/210.61 mi25, Ashbourne Crescent, Taunton, Somerset TA1 2RA3
£258K04/210.61 mi4, Lynor Close, Taunton, Somerset TA1 2RX3
£250K12/220.63 mi70, Severn Drive, Taunton, Somerset TA1 2PW3
£270K11/230.63 mi15, Redlake Drive, Taunton, Somerset TA1 2RU3
£255K09/230.63 mi103, Redlake Drive, Taunton, Somerset TA1 2RU3
£277K03/230.63 mi93, Redlake Drive, Taunton, Somerset TA1 2RU3
£229K12/200.64 mi58, Severn Drive, Taunton, Somerset TA1 2PW3
£258K01/230.64 mi68, Severn Drive, Taunton, Somerset TA1 2PW3

Local Rents

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

RentDateDistanceAddressBeds 
£1,35009/240.25 miCreechberry Orchard, Taunton3
£1,35009/240.45 miThames Drive, Taunton3
£1,15009/240.59 miBeadon Road, TAUNTON3
£1,20009/240.66 miAshbourne Crescent, Taunton3
£1,25009/240.68 miAshbourne Crescent, Taunton3
£1,20009/240.86 miParmin Way, TA1 3
£2,70009/240.92 mi-3
£2,70012/240.92 mi-3
£2,70002/250.92 mi-3
£2,70003/250.92 mi-3
£1,32509/240.94 miPoplar Road, Taunton TA13
£1,40009/240.99 mi-3
£1,35007/241.11 mi-3
£1,30009/241.11 miThe Shaulders, Taunton, 3
£1,30009/241.11 miFirepool Crescent, Taunton3
£1,30009/241.11 miFirepool Crescent, Taunton3
£2,95002/241.12 mi-3
£2,95009/241.12 mi-3
£2,95009/241.12 mi-3
£2,95009/241.12 mi-3
£2,95009/241.12 mi-3
£2,95007/241.12 mi-3
£2,95008/241.12 mi-3
£2,95002/251.12 mi-3
£2,95003/251.12 mi-3
£1,40008/241.15 mi-3
£1,15007/241.15 mi-3
£1,20009/241.16 miStandfast Place, Taunton, TA23

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

1.39 miles away

Nearest school

0.40 miles away

Nearest train station

1.56 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Price changed to £240,000

February 12, 2025

Listed for £250,000

January 23, 2025

Floor Plans

Description

  • AGENT ID – 7704 +
  • Three Bedroom Semi Detached Home +
  • Modernisation Required +
  • Open Plan Kitchen/Dining Room +
  • Good Size Rear Garden +
  • Backing Onto Green Space +
  • Easy Access to M5 Motorway +
  • Ideal First Time or Investment Purchase +
  • Double Glazing & Gas Central Heating +
  • No Onward Chain +

A spacious three-bedroom semi-detached house, which now requires updating throughout, occupying a lovely position backing onto an open green space. The house was built around the 1960’s and has been loved and cared for by the current owners since 2003. You enter through the front door into the spacious entrance porch and with another door opening into the lounge.
The living room is situated at the front of the house with a door to the stairs rising to the first floor and a storage cupboard beneath. There is a stone fireplace, which provides an excellent focal point for the room and there is a large, double-glazed window to the front aspect and a door opening to the kitchen dining room.

The Owners Love - The current owners have loved the convenience and close proximity of the greenspace behind the house, with its children’s play areas, open green space just a stones throw from the back door. They have made full use of it in their time at the property and their young grandchildren have really enjoyed it. They particularly love “open outlook from the garden” which has been lovely on those warm summer evenings when sat out enjoying the view from the decking. They will mostly miss “generously proportioned rooms” which has allowed them to really spread out. They are particularly fond of “the useful utility room and downstairs WC which links up with a internal door to the garage”.

The kitchen diner is located at the rear of the house and benefits from a variety of fitted wall and base units with work surfaces over and an inset sink with drainer. There is space for a freestanding cooker, fridge freezer and a washing machine. There is space for a dining table in front of the doors, which open to a large conservatory. From here, doors open to the rear garden/decking area and there are lovely views over the green and trees beyond.

Upstairs, on the first-floor landing, there is a loft access hatch, window and doors to the bedrooms and family bathroom. The master bedroom benefits from a built-in wardrobe, providing useful storage and has a window to the front aspect. There are two further bedrooms with one double bedroom at the rear, overlooking the rear garden and the view beyond and the other single bedroom at the front. Both these also benefit from built in wardrobes. The family bathroom is fitted with a three-piece suite including WC, washbasin and accessible shower.

George Loves - “The amount of potential here to create your own home with a blank canvas. The house is an excellent size, occupies a spacious plot and boasts lots of parking and a garage. The house itself is also excellent value for money, and you would be hard pushed to find another house with this much space, inside and out, for such a competitive price!”

Outside, to the rear of the property there is a good size garden laid predominantly to decking. There are walled, fenced and hedged borders and a small area at the bottom laid to artificial lawn. At the front of the house, the garden is laid predominantly to chippings with potential to create further off-road parking. There is already a brick paved driveway providing space for several cars and a single garage with up and over door.

Tenure - Freehold. Council Tax - Band B. Gas - Mains Supply. Water - Mains Supply. Electric - Mains Supply. Drainage - Mains Supply. EPC - D. Broadband - FTTC (Fibre to the Cabinet).

Agent Details

Nest Associates Ltd, National

03001 245280

Next Steps?

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