2 Bed Semi-Detached House, Cash/Bridging Only, Taunton, TA1 1RU, £250,000

The Malthouse, Canon Street, Taunton., TA1 1RU - 2 views - 2 months ago

Leasehold
Cash
ROI: 5%
~68 m²
+11 photos

ValuationOvervalued

Sold Prices£130K - £275K
Sold Prices/m²£1.5K/m² - £4.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£169,235

 

 

End Value (After Refurb)

£203,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£27,698

Bridging Loan Interest

£6,563

Total Cash In

£107,211

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£203,750

Mortgage (After Refinance)

£152,813

Mortgage LTV

75%

Cash Left In

£107,211

Equity

£50,938

Rent Range

£850 - £2,700

Rent Estimate

£1,410

Running Costs/mo

£939

Cashflow/mo

£471

Cashflow/yr

£5,655

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £130K to £275K, average is £192.5K. £1.5K/m² to £4.1K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£183.5K03/210.12 mi60, St Augustine Street, Taunton, Somerset TA1 1QH2
£243.9K10/230.12 mi81, Winchester Street, Taunton, Somerset TA1 1QE2
£212K08/230.18 mi51, Eastgate Gardens, Taunton, Somerset TA1 1RE2
£190K12/200.2 mi27, Winchester Street, Taunton, Somerset TA1 1QQ2
£215K12/220.21 mi16, Winters Field, Taunton, Somerset TA1 1PZ2
£170K05/210.23 mi14, Eastbourne Road, Taunton, Somerset TA1 1ST2
£195K08/230.23 mi14, Eastbourne Road, Taunton, Somerset TA1 1ST2
£152K06/210.23 mi6, Eastbourne Road, Taunton, Somerset TA1 1ST2
£165K02/210.23 mi15, Winters Field, Taunton, Somerset TA1 1PY2
£150K12/200.23 mi44, Eastbourne Road, Taunton, Somerset TA1 1SU2
£176K11/200.23 mi42, Eastbourne Road, Taunton, Somerset TA1 1SU2
£183K04/210.23 mi37, Eastbourne Road, Taunton, Somerset TA1 1SU2
£139.9K08/210.23 mi13, Eastbourne Gate, Taunton, Somerset TA1 1SZ2
£130K03/240.23 mi2, Eastbourne Gate, Taunton, Somerset TA1 1SZ2
£212K10/230.24 mi3, Priory Park, Taunton, Somerset TA1 1PX2
£181K10/230.25 mi2, Gloucester Street, Taunton, Somerset TA1 1TA2
£243.5K06/230.28 mi18, Wood Street, Taunton, Somerset TA1 1UN2
£150K04/210.29 mi17, Wilfred Road, Taunton, Somerset TA1 1TB2
£190K08/210.31 mi9, Wilfred Road, Taunton, Somerset TA1 1TB2
£217.5K11/230.32 mi35, Greenbrook Terrace, Taunton, Somerset TA1 1UU2
£190K01/210.32 mi43, Greenbrook Terrace, Taunton, Somerset TA1 1UU2
£196K04/210.32 mi41, Greenbrook Terrace, Taunton, Somerset TA1 1UU2
£229K03/210.32 mi31, South Street, Taunton, Somerset TA1 3AA2
£255K06/230.32 mi31, South Street, Taunton, Somerset TA1 3AA2
£210K09/230.33 mi25, Albemarle Road, Taunton, Somerset TA1 1BB2
£187.5K11/230.33 mi33, Albemarle Road, Taunton, Somerset TA1 1BB2
£155K07/210.35 mi5, Whitehall, Taunton, Somerset TA1 1PG2
£275K01/230.35 mi4, Alma Street, Taunton, Somerset TA1 3AH2
£135K09/230.35 mi10, Whitehall, Taunton, Somerset TA1 1PG2
£160K12/200.36 mi28, Staplegrove Road, Taunton, Somerset TA1 1DQ2
£245K03/240.36 mi6, Staplegrove Road, Taunton, Somerset TA1 1DQ2
£165K11/200.4 mi3, Upper Wood Street, Taunton, Somerset TA1 1TZ2
£215K02/240.4 mi3, Gordon Road, Taunton, Somerset TA1 3AU2
£190K08/230.4 mi33, Mitre Court, Taunton, Somerset TA1 3ER2
£200K04/210.41 mi34, Portland Street, Taunton, Somerset TA1 1UZ2
£200K11/200.41 mi31, Portland Street, Taunton, Somerset TA1 1UZ2
£215K02/230.41 mi4, Clarence Street, Taunton, Somerset TA1 1XA2
£194K04/230.41 mi53, East Reach, Taunton, Somerset TA1 3EZ2
£200K01/230.43 mi21, Cleveland Street, Taunton, Somerset TA1 1XB2
£270K07/230.43 mi23, Cleveland Street, Taunton, Somerset TA1 1XB2
£200K10/230.43 mi3, Plais Street, Taunton, Somerset TA2 7PR2
£185K03/210.43 mi60, South Street, Taunton, Somerset TA1 3AF2
£235K01/240.43 mi51, South Street, Taunton, Somerset TA1 3AE2
£191K02/210.43 mi55, South Street, Taunton, Somerset TA1 3AE2
£175K08/210.44 mi75, Staplegrove Road, Taunton, Somerset TA1 1DG2
£241K06/230.44 mi13, Alfred Street, Taunton, Somerset TA1 3HU2
£210K09/230.45 mi119, Eaton Crescent, Taunton, Somerset TA2 7UF2
£190K07/210.45 mi107, Eaton Crescent, Taunton, Somerset TA2 7UF2
£235K03/230.46 mi12, Compton Close, Taunton, Somerset TA2 7UD2
£182.5K12/200.46 mi30, Compton Close, Taunton, Somerset TA2 7UD2

Local Rents

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

RentDateDistanceAddressBeds 
£1,50009/240.01 mi-2
£1,70003/250.01 mi-2
£85009/240.02 miMiddle Street, Taunton, TA12
£99509/240.06 miPriory Avenue, Taunton2
£92509/240.07 miThe Octagon, Taunton, Somerset, TA12
£85011/240.09 mi-2
£95009/240.1 miTaunton2
£1,55009/240.12 miCoal Orchard, TAUNTON2
£1,60009/240.14 miCoal Orchard, TAUNTON2
£1,10003/250.23 mi-2
£1,20009/240.25 mi-2
£1,20012/240.25 mi-2
£1,20009/240.25 miGloucester Street, TAUNTON2
£95009/240.26 miEast Reach, Taunton2
£1,00012/240.28 mi-2
£1,20009/240.31 mi-2
£1,10009/240.34 miFirepool View, TAUNTON2
£1,10009/240.37 mi-2
£89509/240.42 miUpper Wood Street, Taunton, TA12
£1,10009/240.43 mi-2
£95003/250.45 mi-2
£89509/240.48 mi-2
£2,70009/240.48 mi-2
£2,70011/240.48 mi-2
£2,70002/250.48 mi-2
£2,70003/250.48 mi-2
£2,70009/240.5 mi-2
£2,70012/240.5 mi-2
£2,70002/250.5 mi-2
£2,70003/250.5 mi-2
£1,05009/240.53 mi-2
£1,00001/250.53 mi-2
£90009/240.55 miDovetail Court,park Street,taunton2
£1,10009/240.56 miRupert Street, Taunton TA12
£1,20009/240.56 mi-2
£1,20009/240.57 miWestgate Street, Taunton, 2

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

0.24 miles away

Nearest school

0.30 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £250,000

February 5, 2025

Floor Plans

Description

  • No Onward Chain +
  • Views To Cricket Ground +
  • Allocated Parking +
  • Two Double Bedrooms +
  • Central Location +

Welcome to The Malthouse, Canon Street. This exquisite two double bedroom apartment set over two floors offers a perfect blend of luxury, comfort, and modern design. Situated in a sought-after location, with views to the cricket ground. This property is ideal for those seeking a contemporary urban lifestyle.

The spacious open-plan living and dining area, creates the perfect space for relaxation and entertaining guests. Large windows flood the interior with natural light, enhancing the overall brightness and airy feel of the apartment. Call now to book your viewing!!!

Front Allocated parking behind secure electric gates

Entrance Hall Leading to bedroom two, living area and bathroom.

Living Room 14' 4" x 10' 2"

Kitchen 10' 10" x 9' 5"

Dining Area With stairs leading to first floor. 11' 10" x 9' 6"

Bedroom One 14' 1" x 12' With dressing area and En-Suite.

Dressing/Office Area 12' x 10' 8"

En-Suite With shower, sink and toilet.

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 April 2024.

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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