2 Bed Flat, Single Let, Taunton, TA2 7TN, £110,000

Massingham Park, Taunton, TA2 7TN - 2 months ago

Leasehold
Auction
BTL
ROI: 12%
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£58.8K - £211K
Sold Prices/m²£1.1K/m² - £3.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£135,300
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Total Cash In

£34,200

 

 

Cash Out

 

Rent Range

£850 - £2,700

Rent Estimate

£889

Running Costs/mo

£542

Cashflow/mo

£347

Cashflow/yr

£4,169

ROI

12%

Gross Yield

10%

Local Sold Prices

51 sold prices from £58.8K to £211K, average is £137K. £1.1K/m² to £3.4K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£120K01/210 mi194, Massingham Park, Taunton, Somerset TA2 7TN2
£120K01/210 mi194, Massingham Park, Taunton, Somerset TA2 7TN2
£108K08/210 mi171, Massingham Park, Taunton, Somerset TA2 7TN2
£120K05/210 mi164, Massingham Park, Taunton, Somerset TA2 7TN2
£125K08/210 mi167, Massingham Park, Taunton, Somerset TA2 7TN2
£145K02/230 mi194, Massingham Park, Taunton, Somerset TA2 7TN2
£135K01/230 mi153, Massingham Park, Taunton, Somerset TA2 7TN2
£138K02/230 mi170, Massingham Park, Taunton, Somerset TA2 7TN2
£132K03/230 mi196, Massingham Park, Taunton, Somerset TA2 7TN2
£145K07/230 mi195, Massingham Park, Taunton, Somerset TA2 7TN2
£145K07/230 mi195, Massingham Park, Taunton, Somerset TA2 7TN2
£155K09/220.02 mi17, Massingham Park, Taunton, Somerset TA2 7TG2
£109K04/210.03 mi26, Massingham Park, Taunton, Somerset TA2 7TG2
£58.8K04/210.03 mi112, Massingham Park, Taunton, Somerset TA2 7TH2
£114K05/210.03 mi118, Massingham Park, Taunton, Somerset TA2 7TH2
£150K02/240.06 mi101, Massingham Park, Taunton, Somerset TA2 7TQ2
£148K12/220.06 mi97, Massingham Park, Taunton, Somerset TA2 7TQ2
£100K10/230.19 mi245b, Eastwick Road, Taunton, Somerset TA2 7HJ2
£117.5K11/200.29 mi2a, Lyngford Road, Taunton, Somerset TA2 7EG2
£172.5K08/230.29 mi50, Firepool Crescent, Taunton, Somerset TA1 1AT2
£170K06/230.31 mi5b, Grange Drive, Taunton, Somerset TA2 7DY2
£165K01/230.31 mi35, Cunningham Court, Taunton, Somerset TA1 1AR2
£147.5K01/210.32 mi2, Cunningham Court, Taunton, Somerset TA1 1AR2
£140K09/200.32 mi27, Cunningham Court, Taunton, Somerset TA1 1AR2
£175K09/230.32 mi36, Cunningham Court, Taunton, Somerset TA1 1AR2
£185K12/230.33 mi29, Firepool View, Taunton, Somerset TA1 1NY2
£132.5K09/210.34 mi19b, Radlet Close, Taunton, Somerset TA2 8EB2
£187K01/230.36 mi16, Firepool View, Taunton, Somerset TA1 1PS2
£159K11/200.36 mi36, Firepool View, Taunton, Somerset TA1 1PS2
£179K02/210.36 mi28, Firepool View, Taunton, Somerset TA1 1PS2
£172K07/210.37 mi4, Firepool View, Taunton, Somerset TA1 1PS2
£118K09/220.42 mi10a, Blackmoor Road, Taunton, Somerset TA2 8EJ2
£211K11/230.43 mi52, Geoffrey Farrant Walk, Taunton, Somerset TA1 1PU2
£137K10/210.44 mi27, Wellesley Street, Taunton, Somerset TA2 7DS2
£115K01/210.46 mi37, Winters Field, Taunton, Somerset TA1 1PY2
£155K02/230.62 mi2b, Hamilton Court, Taunton, Somerset TA1 2PA2
£130K12/210.62 mi3a, Hamilton Court, Taunton, Somerset TA1 2PA2
£125K02/230.62 mi3b, Hamilton Court, Taunton, Somerset TA1 2PA2
£210K10/220.63 mi28, Standfast Place, Taunton, Somerset TA2 8QG2
£170K07/230.64 mi63b, George Street, Taunton, Somerset TA2 7DG2
£138K09/230.65 miFlat 42, Dellers Court, Dellers Wharf, Taunton, Somerset TA1 1DX2
£122.5K09/230.65 miFlat 27, Dellers Court, Dellers Wharf, Taunton, Somerset TA1 1DX2
£122.5K08/210.65 miFlat 2, Dellers Court, Dellers Wharf, Taunton, Somerset TA1 1DX2
£120K10/200.67 miGround Floor Flat, 43, William Street, Taunton, Somerset TA2 6HG2
£148K03/210.68 mi42b, Laburnum Street, Taunton, Somerset TA1 1LB2
£136K09/230.68 miGround Floor Flat, 43, William Street, Taunton, Somerset TA2 6HG2
£125K09/220.68 mi35b, Greenway Road, Taunton, Somerset TA2 6LA2
£110K10/200.71 mi45, Gladstone Street, Taunton, Somerset TA2 6LY2
£125K09/210.71 mi50, Gladstone Street, Taunton, Somerset TA2 6LY2
£133K09/210.71 mi38, Gladstone Street, Taunton, Somerset TA2 6LY2
£156.6K01/230.71 mi39, Gladstone Street, Taunton, Somerset TA2 6LY2

Local Rents

20 rents from £850/mo to £2.7K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£90009/240.03 miNorth Taunton, Somerset2
£90009/240.03 miMassingham Park, Taunton2
£90009/240.04 miMassingham Park, Taunton2
£1,10009/240.06 miMassingham Park, TAUNTON2
£95009/240.06 miMassingham Park, Taunton2
£1,10009/240.25 mi-2
£95003/250.28 mi-2
£1,10009/240.36 miFirepool View, TAUNTON2
£2,70009/240.49 mi-2
£2,70011/240.49 mi-2
£2,70002/250.49 mi-2
£2,70003/250.49 mi-2
£2,70009/240.51 mi-2
£2,70012/240.51 mi-2
£2,70002/250.51 mi-2
£2,70003/250.51 mi-2
£95009/240.59 miTaunton2
£85011/240.6 mi-2
£89509/240.61 mi-2
£1,00009/240.62 mi-2

Local Area Statistics

Population in TA2

26,588

Population in Taunton

85,088

Town centre distance

0.86 miles away

Nearest school

0.30 miles away

Nearest train station

0.61 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £110,000

March 12, 2025

Listed for £120,000

January 25, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +

  • Subject to an undisclosed Reserve Price +

  • Buyers fees apply +

  • NO ONWARD CHAIN! +

  • Ground Floor Apartment +

  • Two Double Bedrooms +

  • Convenient Location +

  • Parking For One Vehicle +

SUMMARY
A two DOUBLE BEDROOM, ground floor apartment in the heart of Taunton. Offered to the market with NO ONWARD CHAIN, this property is within CLOSE PROXIMITY TO AMENITIES including the TRAIN STATION, and would make a perfect investment or FIRST TIME BUY!

DESCRIPTION
.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Entrance Hall 
Carpet. Storage cupboard. Telecom system.

Lounge 14' 2" Max x 13' 4" Max ( 4.32m Max x 4.06m Max )
Carpet. Two, double glazed windows. Radiator.

Kitchen 10' 9" Max x 7' 3" Max ( 3.28m Max x 2.21m Max )
Tiled flooring. Double glazed window. Radiator. Boiler. Space for free-standing fridge-freezer. Space for washing machine under countertop. Integrated electric oven. Four ring gas hob.

Bedroom 1 12' 2" x 10' 3" ( 3.71m x 3.12m )
Carpet. Double glazed window. Radiator.

Bedroom 2 10' 10" x 10' 9" ( 3.30m x 3.28m )
Carpet. Double glazed window. Radiator.

Family Bathroom 
Tiled flooring. Frosted double glazed window. Radiator. WC. Washbasin. Bath with shower head attachment.

Parking 
One allocated parking space.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

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. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Fox & Sons, Taunton

01823 211790

Next Steps?

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