4 Bed Bungalow, Cash/Bridging Only, Taunton, TA4 1AY, £380,000

Oake, Taunton, Somerset, TA4 1AY - 2 months ago

Cash
~129 m²
+12 photos

ValuationOvervalued

Sold Prices£260K - £895K
Sold Prices/m²£2.3K/m² - £8.9K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.9K/m²

Value Estimate

£340,558

 

 

End Value (After Refurb)

£374,849

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£95,000

Stamp Duty & Legal Fees

£19,100

Refurb Costs

£52,815

Bridging Loan Interest

£9,975

Total Cash In

£178,640

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£374,849

Mortgage (After Refinance)

£281,136

Mortgage LTV

75%

Cash Left In

£178,640

Equity

£93,712

Rent Range

£875 - £1,800

Rent Estimate

£1,171

Running Costs/mo

£1,426

Cashflow/mo

£-255

Cashflow/yr

£-3,055

Gross Yield

4%

Local Sold Prices

21 sold prices from £260K to £895K, average is £405K. £2.3K/m² to £8.9K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£405K04/210.04 mi33, Saxon Close, Oake, Taunton, Somerset TA4 1JA4
£450K01/230.04 mi36, Saxon Close, Oake, Taunton, Somerset TA4 1JA4
£440K10/230.04 mi1, Saxon Close, Oake, Taunton, Somerset TA4 1JA4
£400K05/211.15 mi2, Acland Round, Cotford St Luke, Taunton, Somerset TA4 1JL4
£405K01/241.19 mi20, Venn Close, Cotford St Luke, Taunton, Somerset TA4 1JQ4
£360K05/211.25 mi46, Needhams Patch, Cotford St Luke, Taunton, Somerset TA4 1JF4
£260K12/221.3 mi9, Grenville View, Cotford St Luke, Taunton, Somerset TA4 1JH4
£310K10/201.31 mi28, Graham Way, Cotford St Luke, Taunton, Somerset TA4 1JG4
£380K02/231.31 mi75, Graham Way, Cotford St Luke, Taunton, Somerset TA4 1JG4
£405K11/221.38 mi29, Stutts End, Cotford St Luke, Taunton, Somerset TA4 1NX4
£425K07/231.4 mi19, Manning Road, Cotford St Luke, Taunton, Somerset TA4 1NY4
£315K08/211.44 mi43, Baileys Gate, Cotford St Luke, Taunton, Somerset TA4 1JE4
£395K03/211.44 mi6, Healys Meadow, Cotford St Luke, Taunton, Somerset TA4 1PB4
£895K02/231.7 miVickerys, Houndsmoor, Milverton, Taunton, Somerset TA4 1PU4
£285K01/211.71 mi2, Roundoak Gardens, Nynehead, Wellington, Somerset TA21 0BX4
£320K12/221.75 mi13, Farthings Close, Nynehead, Wellington, Somerset TA21 0BT4
£440K12/201.78 mi5, Colesmore, Milverton, Taunton, Somerset TA4 1HU4
£450K10/201.88 miCridlands, North Street, Milverton, Taunton, Somerset TA4 1LG4
£470K12/231.92 miTanners, Jubilee Gardens, Milverton, Taunton, Somerset TA4 1PA4
£520K10/231.97 miFort Villa, Fore Street, Milverton, Taunton, Somerset TA4 1JU4
£625K07/231.97 miWinkley House, Fore Street, Milverton, Taunton, Somerset TA4 1JU4

Local Rents

21 rents from £875/mo to £1.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,25009/240.38 miHeathfiled Court TA42
£98010/231.25 mi-2
£1,20009/241.3 miCotford St. Luke3
£1,20009/241.3 miSt. Lukes Mews, TA43
£1,37509/241.3 miBurge Crescent, Cotford St. Luke, TAUNTON3
£95009/241.31 miGraham Way, Cotford St. Luke, TAUNTON2
£1,19509/241.31 mi-3
£92509/241.32 miMerrifields, Cotford St. Luke, 2
£92509/241.38 miCotford St Luke 2
£1,65007/231.44 mi-4
£87509/241.51 miPark View, Cotford St Luke. TA42
£1,12009/241.8 miSilver Street, Milverton2
£1,80009/241.96 miCotford St Luke, Taunton2
£99509/242.18 miHele Manor Barns, Hele, Taunton, TA42
£1,05009/242.18 miHele Manor Barns, Taunton, TA43
£1,30009/242.2 miHele Manor Barns, Hele, Taunton, TA43
£1,35009/242.24 miBradford On Tone2
£1,25009/242.27 miMill Lane, Bishops Lydeard3
£1,00009/242.43 mi-3
£1,20011/242.45 mi-4
£1,00011/242.45 mi-2

Local Area Statistics

Population in TA4

19,149

Population in Taunton

85,088

Town centre distance

4.86 miles away

Nearest school

0.20 miles away

Nearest train station

4.59 miles away

 

 

Rental growth (12m)

-1%

Sales demand

Buyer's market

Capital growth (5yrs)

+13%

Property History

Listed for £380,000

February 10, 2025

Floor Plans

Description

  • Great Sized Plot +
  • Excellent Village Location +
  • Estimated 2,020 Sq Ft +
  • Detached Bungalow +
  • Garage +
  • Driveway For Two Cars +
  • WATCH THE VIDEO +

*WATCH THE VIDEO*

Introduction
Welcome to this captivating four bedroom detached bungalow, located in the delightful village of Oake, Somerset. With its excellent village location, estimated 2,020 square feet of living space, garage, and a driveway for two cars, this property offers the perfect combination of tranquility and convenience. Let us take you on a tour of this fantastic bungalow.

Exterior
Situated on a generous plot, this property boasts a great sized garden that offers plenty of space for outdoor activities and gardening enthusiasts. The well-maintained driveway can easily accommodate two cars, providing convenient parking options for both residents and visitors. The attractive architecture of the bungalow is complemented by its detached structure, offering privacy and independence.

Interior Spaces
Step inside this delightful bungalow to discover the spacious living areas that await you and your family. The welcoming entrance hall sets the tone for the rest of the property, guiding you to the various rooms on offer. The open plan living and dining area is a highlight of this home, providing ample space for relaxation and entertaining guests. The large windows flood the room with natural light, creating a bright and airy atmosphere.

Bedrooms
The property features four well-proportioned bedrooms, each designed with optimal comfort and privacy in mind. Whether it is a bedroom for the children, a guest room, or a home office, this bungalow caters to a range of lifestyle needs. The bedrooms are well-appointed with ample storage space and large windows to ensure a comfortable living experience.

Bathrooms
The bungalow offers two modern bathrooms, ensuring convenience for all residents. Stylishly designed and equipped with contemporary fittings, these bathrooms offer a sanctuary to relax and refresh after a long day.

Kitchen
The heart of any home, the kitchen in this bungalow is no exception. Designed with both style and functionality in mind, the kitchen features modern appliances, ample storage, and ample counter space for all your culinary adventures. Whether you are hosting a dinner party or whipping up a quick family meal, this kitchen is sure to impress.

Garden and Outdoor Space
Escape to the tranquility of the garden and outdoor space surrounding this bungalow. The spacious garden provides the perfect setting for outdoor gatherings and activities. Whether it is barbecuing with friends or enjoying a quiet afternoon with a book, this garden is a true asset to the property.

Location
Nestled in the sought-after village of Oake, Somerset, this bungalow offers the best of both worlds. Enjoy the peace and charm of village life while still being within easy reach of local amenities. Oake is known for its friendly community, picturesque surroundings, and excellent transport links, making it an ideal location for families and professionals alike.

In conclusion, this charming four bedroom bungalow presents an unmissable opportunity for those seeking a tranquil yet convenient way of life. With its great plot size, excellent village location, spacious living areas, and attractive features, this property in Oake, Somerset is sure to capture your heart. Don't miss out on making this bungalow your dream home. Contact us today to arrange a viewing.

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 Feb 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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