3 Bed Bungalow, Cash/Bridging Only, Taunton, TA1 3EL, £385,000

92 Stoke Road, Taunton, TA1 3EL - 2 views - 3 months ago

Sold STC
Cash
ROI: 1%
~93 m²
+5 photos

ValuationOvervalued

Sold Prices£207.5K - £460K
Sold Prices/m²£1.9K/m² - £4.4K/m²

 

 

Square Metres

~93 m²
Price/m²£4.1K/m²

Value Estimate

£292,907

 

 

End Value (After Refurb)

£377,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£96,250

Stamp Duty & Legal Fees

£19,500

Refurb Costs

£37,820

Bridging Loan Interest

£10,106

Total Cash In

£165,426

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£377,500

Mortgage (After Refinance)

£283,125

Mortgage LTV

75%

Cash Left In

£165,426

Equity

£94,375

Rent Range

£1,200 - £2,700

Rent Estimate

£1,634

Running Costs/mo

£1,526

Cashflow/mo

£108

Cashflow/yr

£1,290

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £207.5K to £460K, average is £305K. £1.9K/m² to £4.4K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£312.5K01/210.01 mi74, Stoke Road, Taunton, Somerset TA1 3EL3
£375K02/230.01 mi83, Stoke Road, Taunton, Somerset TA1 3EL3
£365K10/230.09 mi27, Woodrush Close, Taunton, Somerset TA1 3XB3
£260K01/230.1 mi9, Holly Close, Taunton, Somerset TA1 2QW3
£267.5K11/230.1 mi3, Bluebell Close, Taunton, Somerset TA1 3XQ3
£238.5K02/210.1 mi19, Bluebell Close, Taunton, Somerset TA1 3XQ3
£272K02/210.1 mi12, Bluebell Close, Taunton, Somerset TA1 3XQ3
£282.5K10/210.11 mi4, Sundew Close, Taunton, Somerset TA1 3XH3
£246K06/230.15 mi12, Hawthorn Road, Taunton, Somerset TA1 2QS3
£300K07/230.23 mi10, The Oaks, Taunton, Somerset TA1 2QX3
£425K03/230.23 mi17, The Oaks, Taunton, Somerset TA1 2QX3
£380K05/230.23 mi4, The Oaks, Taunton, Somerset TA1 2QX3
£238.5K07/230.23 mi9, Celandine Mead, Taunton, Somerset TA1 3XF3
£355K12/220.23 mi21, Tamar Avenue, Taunton, Somerset TA1 3BY3
£337K02/210.25 mi3, Fullands Avenue, Taunton, Somerset TA1 3DE3
£265K04/240.25 mi2, Sycamore Close, Taunton, Somerset TA1 2QJ3
£207.5K12/200.25 mi14, Sycamore Close, Taunton, Somerset TA1 2QJ3
£460K05/230.25 mi2, Stoke Road, Taunton, Somerset TA1 3EJ3
£232K10/230.28 mi70, Rowan Drive, Taunton, Somerset TA1 2QL3
£240K10/230.28 mi60, Rowan Drive, Taunton, Somerset TA1 2QL3
£284K06/230.29 mi18, Bilberry Grove, Taunton, Somerset TA1 3XN3
£275K08/230.3 mi71, Upper Holway Road, Taunton, Somerset TA1 2QA3
£350K12/220.3 mi25, Fields End, Taunton, Somerset TA1 2LU3
£273K05/210.33 mi3, Saffron Close, Taunton, Somerset TA1 3XW3
£235K10/210.34 mi10, Lilac Close, Taunton, Somerset TA1 2QB3
£245K11/230.35 mi14, Juniper Road, Taunton, Somerset TA1 2QD3
£340K11/210.35 mi7, Hillyfields, Taunton, Somerset TA1 2LU3
£385K12/220.35 mi1, Hillyfields, Taunton, Somerset TA1 2LU3
£395K04/210.38 mi4, Gordons Close, Taunton, Somerset TA1 3DA3
£450K08/230.38 mi12, Gordons Close, Taunton, Somerset TA1 3DA3
£292K03/230.38 mi22, Pine Close, Taunton, Somerset TA1 2SD3
£395K03/240.39 mi52, Fremantle Road, Taunton, Somerset TA1 3BS3
£410K07/230.4 mi33, Killams Crescent, Taunton, Somerset TA1 3YB3
£291K10/200.4 mi33, Killams Crescent, Taunton, Somerset TA1 3YB3
£250K09/230.41 mi33, Bramble Park, Taunton, Somerset TA1 2QT3
£272.5K08/230.41 mi2, Bramble Park, Taunton, Somerset TA1 2QT3
£375K12/230.43 mi12, Mountfields Road, Taunton, Somerset TA1 3BQ3
£340K06/210.43 mi44, Dunkleys Way, Taunton, Somerset TA1 2LX3
£310K08/230.43 mi30, Dunkleys Way, Taunton, Somerset TA1 2LX3
£277.5K04/210.43 mi21, Dunkleys Way, Taunton, Somerset TA1 2LX3
£340K08/230.43 mi54, Dunkleys Way, Taunton, Somerset TA1 2LX3
£315K05/240.43 mi5, Dunkleys Way, Taunton, Somerset TA1 2LX3
£377.5K07/230.45 mi45, Mountfields Avenue, Taunton, Somerset TA1 3BW3
£320K05/240.45 mi31, Upper Holway Road, Taunton, Somerset TA1 2HF3
£415K03/230.46 mi32, Kingsway, Taunton, Somerset TA1 3YD3
£360K04/230.46 mi8, Kingsway, Taunton, Somerset TA1 3YD3
£250K10/210.5 mi46, Bacon Drive, Taunton, Somerset TA1 2LH3
£262K12/210.5 mi58, Bacon Drive, Taunton, Somerset TA1 2LH3
£230K03/210.51 mi9, Broughton Close, Taunton, Somerset TA1 2JS3
£310K12/200.51 mi3, Killams Avenue, Taunton, Somerset TA1 3YE3

Local Rents

15 rents from £1.2K/mo to £2.7K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,30011/240.13 mi-3
£1,20009/240.34 miBilberry Grove, Taunton, TA13
£1,32509/240.44 miPoplar Road, Taunton TA13
£1,40009/240.54 mi-3
£1,25009/240.69 miAshbourne Crescent, Taunton3
£1,20009/240.71 miAshbourne Crescent, Taunton3
£1,20009/240.75 miParmin Way, TA1 3
£1,40009/240.9 mi-3
£1,35009/240.92 miThames Drive, Taunton3
£1,40008/240.98 mi-3
£2,70009/241.17 mi-3
£2,70012/241.17 mi-3
£2,70002/251.17 mi-3
£2,70003/251.17 mi-3
£1,75009/241.23 miPikes Crescent, Taunton, TA13

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

1.14 miles away

Nearest school

0.50 miles away

Nearest train station

1.73 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £385,000

February 3, 2025

Floor Plans

Description

  • Detached bungalow +
  • Three reception rooms +
  • Modern kitchen and lean-to +
  • Three bedrooms +
  • Shower room +
  • Full width conservatory extension +
  • West facing garden +
  • Garage and parking +

We are pleased to bring to the market this three bedroom detached bungalow located in the much coveted Stoke Road.

This property benefits from versatile accommodation, an open plan kitchen and dining room and has seen the addition by the current owner of a large and full width conservatory to rear of the property making a lovely feature of the West facing garden.

There are three bedrooms, two of which come with fitted wardrobe space and the third bedroom (currently being used as an office) provides a very multipurpose space and opens itself to a range of different uses.

Further assets of this property are the multiple storage cupboards throughout the property and the single attached garage with off-road parking for multiple vehicles..

To the rear of the property is a well sized garden offering both lawn, well established flower beds and patio area for alfresco dining and entertaining in the sunshine.

The garden also offers a large shed and access to the garage can be gained from here too.

Now looking for its new owner this property comes to the market with no onward chain, please call the office to arrange your viewing.

All viewings are strictly by appointment only.

Internal accommodation:

Living Room 17'92 x 17'39

Kitchen and Dining Room 20'05 x 9'35

Bedroom One 11'70 (9'61) x 11'69

Bedrooms Two 11'63 (9'68) x 9'09

Bedroom Three 9'59 x 8'06

Shower Room 10'06 x 5'46

Conservatory 19'57 x 11'82

National trading standards have ruled that agents must give information which is material to the decision-making process of the average consumer. Below is a list of additional information about the property believed to be ‘material’.

Utilities – • Electricity supply – Mains electricity • Water supply – Mains water • Sewerage - Mains sewage • Heating – Gas central heating • Broadband – Ultrafast Full Fibre Broadband • Mobile signal/coverage – Voice and Data across EE, O2, Vodafone and Three

IMPORTANT NOTICE: The Property Centre 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 The Property Centre has any authority to make or give any representations or warranty whatever in relation to this property on behalf of The Property Centre, 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 February 2025.

MEASUREMENTS AND OTHER INFORMATION: All measurements are approximate. While we endeavour to make our sales particulars 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

The Property Centre, Taunton

01823 589603

Next Steps?

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