2 Bed Flat, Cash/Bridging Only, Taunton, TA1 4LP, £180,000

Claremont Court, Windsor Close, Galmington, Taunton., TA1 4LP - 2 months ago

Leasehold
Cash
ROI: 2%
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£90K - £340K
Sold Prices/m²£1.6K/m² - £6.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£169,364

 

 

End Value (After Refurb)

£221,566

Uplift in Value

+23%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Refurb Costs

£27,698

Bridging Loan Interest

£4,725

Total Cash In

£85,773

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£221,566

Mortgage (After Refinance)

£166,174

Mortgage LTV

75%

Cash Released

£31,174

Cash Left In

£54,599

Equity

£55,391

Rent Range

£750 - £1,300

Rent Estimate

£1,064

Running Costs/mo

£925

Cashflow/mo

£139

Cashflow/yr

£1,666

ROI

2%

Gross Yield

7%

Local Sold Prices

36 sold prices from £90K to £340K, average is £153.5K. £1.6K/m² to £6.8K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£139.9K11/200.01 miFlat 9, Claremont Court, Windsor Close, Taunton, Somerset TA1 4LP2
£129K08/210.03 miFlat 8, Sutherland Court, Windsor Close, Taunton, Somerset TA1 4LL2
£140K10/210.03 miFlat 5, Sutherland Court, Windsor Close, Taunton, Somerset TA1 4LL2
£170K12/230.03 miFlat 5, Sutherland Court, Windsor Close, Taunton, Somerset TA1 4LL2
£130K08/210.05 miFlat 1, Minster Court, Windsor Close, Taunton, Somerset TA1 4LW2
£136K03/210.05 miFlat 8, Minster Court, Windsor Close, Taunton, Somerset TA1 4LW2
£168K04/230.05 miFlat 4, Minster Court, Windsor Close, Taunton, Somerset TA1 4LW2
£145K07/210.11 mi20, Chapman Court, Taunton, Somerset TA1 4YB2
£180K07/230.27 miFlat 4, Blythe Court, Ferndown Close, Taunton, Somerset TA1 4TJ2
£182K01/230.27 miFlat 9, Blythe Court, Ferndown Close, Taunton, Somerset TA1 4TJ2
£155K10/210.27 miFlat 2, Wiltshire Court, Wiltshire Close, Taunton, Somerset TA1 4JS2
£137K09/210.3 miFlat 44, Seville Court, Burchs Close, Taunton, Somerset TA1 4TR2
£193K01/230.3 miFlat 9, Haseley Court, Ferndown Close, Taunton, Somerset TA1 4TL2
£180K02/240.3 miHaseley Court, Flat 11, Ferndown Close, Taunton, Somerset TA1 4TL2
£175K10/230.31 miFlat 3, Essex Court, Essex Drive, Taunton, Somerset TA1 4JZ2
£152K08/230.63 mi66c, Deane Drive, Taunton, Somerset TA1 5PR2
£187K02/210.65 miFlat 3, Wheatleigh House, Wheatleigh Close, Taunton, Somerset TA1 4QE2
£147K01/210.65 miFlat 31, Vivary Heights, Broadlands Rise, Taunton, Somerset TA1 4HL2
£168K07/230.65 miFlat 39, Vivary Heights, Broadlands Rise, Taunton, Somerset TA1 4HL2
£240K05/210.68 miFlat 50, Vivary House, Kinglake Drive, Taunton, Somerset TA1 3RR2
£200K03/230.76 miFlat 76, Sherford Lodge, Kinglake Drive, Taunton, Somerset TA1 3RR2
£225K02/210.76 miFlat 45, Vivary House, Kinglake Drive, Taunton, Somerset TA1 3RR2
£340K08/230.76 miFlat 19, Blagdon Lodge, Kinglake Drive, Taunton, Somerset TA1 3RR2
£200K10/230.87 miCompass Court, Flat 24, Compass Rise, Taunton, Somerset TA1 4PP2
£219.9K03/230.87 miFlat 22, Compass Court, Compass Rise, Taunton, Somerset TA1 4PP2
£120K06/210.88 miFlat 2, Turkey Court, Vivary Road, Taunton, Somerset TA1 3JN2
£120K11/200.89 mi7a, Smithy, Bishops Hull, Taunton, Somerset TA1 5DT2
£130K03/210.95 miFlat 6, Dovetail Court, Park Street, Taunton, Somerset TA1 4DF2
£122K12/200.95 miFlat 8, Dovetail Court, Park Street, Taunton, Somerset TA1 4DF2
£105K06/210.95 mi11c, Park Street, Taunton, Somerset TA1 4DF2
£160K05/210.96 miFlat 4, Bath House Court, Wellington Road, Taunton, Somerset TA1 4EQ2
£180K10/200.96 miFlat 8, Bath House Court, Wellington Road, Taunton, Somerset TA1 4EQ2
£130K06/210.97 miFlat 4, Dovetail Court, Park Street, Taunton, Somerset TA1 4DF2
£90K12/230.98 miFlat 13, Portland Grange, Upper High Street, Taunton, Somerset TA1 3PZ2
£105K08/230.98 miFlat 8, Portland Grange, Upper High Street, Taunton, Somerset TA1 3PZ2
£100K01/230.98 miFlat 1, Portland Grange, Upper High Street, Taunton, Somerset TA1 3PZ2

Local Rents

17 rents from £750/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£95002/250.41 mi-2
£1,05009/240.46 miGalmington2
£85009/240.54 miTrull Road, TAUNTON2
£1,05009/240.55 miSouth View Terrace, Trull, TAUNTON2
£1,20003/250.57 mi-2
£1,10006/240.65 mi-2
£75002/240.73 mi-2
£1,25011/240.78 mi-2
£1,07509/240.8 miHilary Road, TAUNTON2
£1,17508/240.87 mi-2
£1,20001/250.87 mi-2
£1,20009/240.92 miWestgate Street, Taunton, 2
£90009/240.96 miDovetail Court,park Street,taunton2
£1,05009/240.97 mi-2
£1,00001/250.97 mi-2
£1,30009/241.03 miBishops Hull Hill, Bishops Hull, Taunton2
£99509/241.04 miHamwood, Taunton2

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

1.38 miles away

Nearest school

0.30 miles away

Nearest train station

1.66 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £180,000

February 7, 2025

Floor Plans

Description

  • Single Garage +
  • Top Floor Apartment +
  • No Onward Chain +
  • Balcony +

This is a top floor, two bedroom apartment in the ever popular area of Galmington. Situated behind Queens School playing fields and a five minute drive away from Musgrove Park Hospital. Benefitting from a balcony and a single garage. Being sold with no onward chain. Call now to book your viewing!!!

Entrance Hall With storage, and doors leading to bathroom and living room.

Bathroom With shower, sink and toilet.

Living/Dining Room 17' 8" x 11' 11" With doors leading to kitchen, bedrooms and balcony.

Kitchen 10' 3" x 7' 8"

Bedroom One 11' 5" x 10' 8" With built in storage.

Bedroom Two With built in storage. 11' 1" x 7' 5"

Single Garage

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 – Electric • 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?

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