2 Bed Flat, Refurb/BRRR, Taunton, TA1 2HZ, £110,000

27a Shakespeare Avenue, Taunton TA1 2HZ - 2 months ago

Sold STC

Leasehold

Refurb/BRRR

ROI: 15%

~64 m²

+6 photos

ValuationFair Value

Sold Prices	£90K - £295K
Sold Prices/m²	£1.6K/m² - £3.2K/m²

Square Metres	~64.20 m²
Price/m²	£1.7K/m²
Value Estimate	£110,000£110,000

End Value (After Refurb)	£164,391£164,391
Uplift in Value	+49%+49%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£27,500£27,500
Stamp Duty & Legal Fees	£6,700£6,700
Refurb Costs	£26,108£26,108
Bridging Loan Interest	£2,888£2,888
Total Cash In	£64,946£64,946

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£164,391£164,391
Agent Fees (1%)	£1,644£1,644
Bridging Loan	£82,500£82,500
Bridging Loan Interest	£2,888£2,888
Flip Profit	£15,302£15,302

Local Sold Prices

38 sold prices from £90K to £295K, average is £152.5K. £1.6K/m² to £3.2K/m², average is £2.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£121K	11/20	0.24 mi	11, Juniper Road, Taunton, Somerset TA1 2QD	£1,984	61	2	Flat
£118K	12/20	0.29 mi	3, Lower Holway Close, Taunton, Somerset TA1 2LN	£2,226	53	2	Flat
£125K	10/20	0.31 mi	Trinity Court, 52, Haywood Road, Taunton, Somerset TA1 2LL	£1,645	76	2	Flat
£155K	02/21	0.35 mi	33, Trinity Road, Taunton, Somerset TA1 3JJ	£1,962	79	2	Flat
£143K	10/23	0.49 mi	Flat 8, Trinity Gate, Queen Street, Taunton, Somerset TA1 3DS	-	-	2	Flat
£144K	06/21	0.49 mi	7, Alder Close, Taunton, Somerset TA1 2QP	£2,441	59	2	Flat
£130K	12/21	0.53 mi	3a, Hamilton Court, Taunton, Somerset TA1 2PA	£2,167	60	2	Flat
£125K	02/23	0.53 mi	3b, Hamilton Court, Taunton, Somerset TA1 2PA	£2,119	59	2	Flat
£155K	02/23	0.54 mi	2b, Hamilton Court, Taunton, Somerset TA1 2PA	£2,253	69	2	Flat
£250K	02/21	0.54 mi	Flat 5, Annecy Court, St Josephs Field, Taunton, Somerset TA1 3TE	-	-	2	Flat
£202.5K	03/24	0.54 mi	Annecy Court, Flat 9, St Josephs Field, Taunton, Somerset TA1 3TE	£2,025	100	2	Flat
£295K	11/21	0.56 mi	Flat 7, Annecy Court, St Josephs Field, Taunton, Somerset TA1 3TE	-	-	2	Flat
£195K	06/21	0.68 mi	Flat 5, Fullands House, Shoreditch Road, Taunton, Somerset TA1 3DF	-	-	2	Flat
£138K	03/23	0.71 mi	5, Eastgate Gardens, Taunton, Somerset TA1 1RD	£2,464	56	2	Flat
£130K	10/21	0.72 mi	39, Eastgate Gardens, Taunton, Somerset TA1 1RD	-	-	2	Flat
£150K	04/23	0.72 mi	38, Eastgate Gardens, Taunton, Somerset TA1 1RD	£2,419	62	2	Flat
£160K	12/23	0.72 mi	44, Eastgate Gardens, Taunton, Somerset TA1 1RD	-	-	2	Flat
£160K	12/23	0.72 mi	44, Eastgate Gardens, Taunton, Somerset TA1 1RD	-	-	2	Flat
£112.5K	11/20	0.72 mi	10, Eastgate Gardens, Taunton, Somerset TA1 1RD	£1,815	62	2	Flat
£148K	03/21	0.75 mi	42b, Laburnum Street, Taunton, Somerset TA1 1LB	-	-	2	Flat
£115K	01/21	0.83 mi	37, Winters Field, Taunton, Somerset TA1 1PY	£1,885	61	2	Flat
£150K	09/23	0.85 mi	9, The Octagon, Taunton, Somerset TA1 1RT	£2,586	58	2	Flat
£165K	01/23	0.86 mi	2, The Octagon, Taunton, Somerset TA1 1RT	£3,056	54	2	Flat
£120K	07/21	0.88 mi	Flat 6, Vivary Gate, Upper High Street, Taunton, Somerset TA1 3PX	-	-	2	Flat
£160K	05/23	0.88 mi	Flat 12, Vivary Gate, Upper High Street, Taunton, Somerset TA1 3PX	-	-	2	Flat
£172.5K	08/23	0.91 mi	50, Firepool Crescent, Taunton, Somerset TA1 1AT	£2,738	63	2	Flat
£211K	11/23	0.91 mi	52, Geoffrey Farrant Walk, Taunton, Somerset TA1 1PU	£2,638	80	2	Flat
£185K	12/23	0.95 mi	29, Firepool View, Taunton, Somerset TA1 1NY	£2,681	69	2	Flat
£100K	01/23	0.98 mi	Flat 1, Portland Grange, Upper High Street, Taunton, Somerset TA1 3PZ	£2,160	46	2	Flat
£90K	12/23	0.98 mi	Flat 13, Portland Grange, Upper High Street, Taunton, Somerset TA1 3PZ	-	-	2	Flat
£105K	08/23	0.98 mi	Flat 8, Portland Grange, Upper High Street, Taunton, Somerset TA1 3PZ	-	-	2	Flat
£179K	02/21	1 mi	28, Firepool View, Taunton, Somerset TA1 1PS	£2,594	69	2	Flat
£159K	11/20	1 mi	36, Firepool View, Taunton, Somerset TA1 1PS	£2,304	69	2	Flat
£165K	01/23	1 mi	35, Cunningham Court, Taunton, Somerset TA1 1AR	£2,845	58	2	Flat
£172K	07/21	1 mi	4, Firepool View, Taunton, Somerset TA1 1PS	£2,730	63	2	Flat
£175K	09/23	1 mi	36, Cunningham Court, Taunton, Somerset TA1 1AR	£3,017	58	2	Flat
£147.5K	01/21	1 mi	2, Cunningham Court, Taunton, Somerset TA1 1AR	£2,783	53	2	Flat
£187K	01/23	1 mi	16, Firepool View, Taunton, Somerset TA1 1PS	£3,224	58	2	Flat

Local Rents

23 rents from £925/mo to £2.7K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,000	09/24	0.25 mi	-	2	Flat
£1,500	02/24	0.35 mi	-	2	Semi-Detached House
£1,500	02/24	0.35 mi	-	2	Semi-Detached House
£995	09/24	0.41 mi	Bowmont Grove, Taunton	2	Flat
£995	09/24	0.43 mi	Ryburn Close, Taunton TA1	2	Detached House
£1,100	07/24	0.47 mi	-	2	Semi-Detached House
£1,050	09/24	0.52 mi	Redlake Drive, Taunton TA1	2	Terraced House
£1,150	07/24	0.54 mi	-	2	Bungalow
£1,200	09/24	0.54 mi	-	2	Flat
£925	09/24	0.57 mi	Tyne Park, Taunton, Somerset	2	Terraced House
£1,000	12/24	0.58 mi	-	2	Flat
£2,700	09/24	0.59 mi	-	2	Terraced House
£2,700	12/24	0.59 mi	-	2	Terraced House
£2,700	02/25	0.59 mi	-	2	Terraced House
£2,700	03/25	0.59 mi	-	2	Terraced House
£950	09/24	0.59 mi	East Reach, Taunton	2	Flat
£1,200	09/24	0.61 mi	Gloucester Street, TAUNTON	2	Flat
£2,700	09/24	0.61 mi	-	2	Semi-Detached House
£2,700	11/24	0.61 mi	-	2	Semi-Detached House
£2,700	02/25	0.61 mi	-	2	Semi-Detached House
£2,700	03/25	0.61 mi	-	2	Semi-Detached House
£1,200	09/24	0.62 mi	-	2	Terraced House
£1,200	12/24	0.62 mi	-	2	Terraced House

Local Area Statistics

Population in TA1	39,26539,265
Population in Taunton	85,08885,088
Town centre distance	0.68 miles away0.68 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.21 miles away1.21 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-4%-4%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+21%+21%

Property History

Listed for £110,000

February 12, 2025

Floor Plans

Description

FIRST FLOOR SELF CONTAINED FLAT +
TWO BEDROOMS +
IN NEED OF MODERNISATION +
PARKING +
PRIVATE GARDEN +
CLOSE TO AMENITIES +
GAS CENTRAL HEATING +
NO ONWARD CHAIN +

This two bedroomed self contained first floor flat is ideally situated for easy access to a range of local amenities. While the property would benefit from some modernisation, it offers generous living space including a kitchen/dining room, sitting room, two bedrooms and a bathroom. Externally the property benefits from parking, a private garden and an outbuilding. The property is offered with no onward chain. Energy rating: C-74

Agent Details

Gibbins Richards, Taunton

01823 211768

Next Steps?

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ValuationFair Value

Investment OpportunityOpen in Analyser

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Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Investment Opportunity

Local Sold Prices

Local Rents