3 Bed House, Cash/Bridging Only, Taunton, TA1 1SQ, £227,500

16 Whirligig Place, Whirligig Lane, Taunton, TA1 1SQ - 3 views - 2 months ago

Leasehold
Cash
ROI: 10%
110 m²
+14 photos

ValuationUndervalued

Sold Prices£150K - £575K
Sold Prices/m²£1.6K/m² - £4.4K/m²

 

 

Square Metres

110 m²
Price/m²£2.1K/m²

Value Estimate

£242,400
BMV1%

 

 

End Value (After Refurb)

£264,468

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,875

Stamp Duty & Legal Fees

£8,400

Refurb Costs

£44,733

Bridging Loan Interest

£5,972

Total Cash In

£117,730

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£264,468

Mortgage (After Refinance)

£198,351

Mortgage LTV

75%

Cash Released

£27,726

Cash Left In

£90,004

Equity

£66,117

Rent Range

£1,300 - £2,950

Rent Estimate

£2,319

Running Costs/mo

£1,310

Cashflow/mo

£1,009

Cashflow/yr

£12,105

ROI

10%

Gross Yield

12%

Local Sold Prices

50 sold prices from £150K to £575K, average is £227K. £1.6K/m² to £4.4K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£226K06/210.19 mi20, Greenbrook Terrace, Taunton, Somerset TA1 1UT3
£195K01/210.22 mi23, Stephen Street, Taunton, Somerset TA1 1LD3
£184K09/210.23 mi7, Laburnum Street, Taunton, Somerset TA1 1LA3
£257K01/240.23 mi1, Laburnum Street, Taunton, Somerset TA1 1LA3
£200K09/210.26 mi48, Wood Street, Taunton, Somerset TA1 1UW3
£223K09/210.26 mi66, St Augustine Street, Taunton, Somerset TA1 1QH3
£150K02/210.26 mi71, St Augustine Street, Taunton, Somerset TA1 1QH3
£150K12/200.26 mi53, St Augustine Street, Taunton, Somerset TA1 1QH3
£210K08/230.26 mi31, St Augustine Street, Taunton, Somerset TA1 1QH3
£205K11/210.27 mi79, St Augustine Street, Taunton, Somerset TA1 1QL3
£257.5K07/230.27 mi109, St Augustine Street, Taunton, Somerset TA1 1QL3
£206K04/210.27 mi87, St Augustine Street, Taunton, Somerset TA1 1QL3
£170K11/200.28 mi99, Winchester Street, Taunton, Somerset TA1 1QE3
£185K01/210.28 mi88, Winchester Street, Taunton, Somerset TA1 1QE3
£310K02/210.29 mi22, Portland Street, Taunton, Somerset TA1 1UY3
£208K02/210.29 mi16, Portland Street, Taunton, Somerset TA1 1UY3
£332K11/210.29 mi1, Portland Street, Taunton, Somerset TA1 1UY3
£205K11/230.29 mi44, Winchester Street, Taunton, Somerset TA1 1QG3
£183K01/230.31 mi20, Eastbourne Road, Taunton, Somerset TA1 1ST3
£234.8K01/230.31 mi5, Eastbourne Terrace, Taunton, Somerset TA1 1SX3
£171K11/200.32 mi43, Eastbourne Road, Taunton, Somerset TA1 1SU3
£195K08/210.32 mi17, Winchester Street, Taunton, Somerset TA1 1QQ3
£210K02/230.32 mi13, Winchester Street, Taunton, Somerset TA1 1QQ3
£230K12/220.33 mi17, Eastbourne Terrace, Taunton, Somerset TA1 1SX3
£245K02/210.33 mi16, Staplegrove Road, Taunton, Somerset TA1 1DQ3
£330K12/200.33 mi7, St Johns Road, Taunton, Somerset TA1 4AZ3
£200K02/210.34 mi59, Priory Avenue, Taunton, Somerset TA1 1XZ3
£272K04/210.34 mi60, Alma Street, Taunton, Somerset TA1 3AL3
£270K02/230.34 mi67, Alma Street, Taunton, Somerset TA1 3AL3
£305K09/210.34 mi37, Cleveland Street, Taunton, Somerset TA1 1XD3
£290K11/230.36 mi13, Albemarle Road, Taunton, Somerset TA1 1BB3
£240K05/210.36 mi35, Alma Street, Taunton, Somerset TA1 3AJ3
£206K04/210.37 mi10, Mount Street, Taunton, Somerset TA1 3QB3
£160K07/210.37 mi12, South Street, Taunton, Somerset TA1 3AA3
£205K05/210.39 mi19, Winters Field, Taunton, Somerset TA1 1PY3
£193K03/210.39 mi77, Winters Field, Taunton, Somerset TA1 1PY3
£575K02/230.4 mi19b, Mount Street, Taunton, Somerset TA1 3QE3
£255K04/240.4 mi4, Priory Park, Taunton, Somerset TA1 1PX3
£320K04/210.41 mi4, Northfield Avenue, Taunton, Somerset TA1 1XF3
£445K11/230.44 miOakleigh, Riverside, Taunton, Somerset TA1 1XG3
£208K09/230.44 mi9, Queen Street, Taunton, Somerset TA1 3AS3
£228K12/200.45 mi76, Belvedere Road, Taunton, Somerset TA1 1BX3
£228K03/210.45 mi31, Vivary Road, Taunton, Somerset TA1 3JW3
£284K04/210.46 mi36, Vivary Road, Taunton, Somerset TA1 3JP3
£365K01/230.46 mi3, Wilton Grove, Taunton, Somerset TA1 4HA3
£365K09/230.48 mi11, Chip Lane, Taunton, Somerset TA1 1BY3
£317.5K11/230.49 mi1, Trinity Street, Taunton, Somerset TA1 3JG3
£265K02/230.5 mi32, Queen Street, Taunton, Somerset TA1 3AX3
£210K08/210.5 mi13, Church Street, Taunton, Somerset TA1 3JE3
£365K06/230.5 mi6, Victoria Street, Taunton, Somerset TA1 3JA3

Local Rents

20 rents from £1.3K/mo to £3K/mo, average is £2.7K/mo.

RentDateDistanceAddressBeds 
£1,35009/240.23 miSheldon Court, Taunton3
£1,40008/240.45 mi-3
£1,95001/250.52 mi-3
£1,35009/240.55 miWoodstock Road3
£2,95002/240.56 mi-3
£2,95009/240.56 mi-3
£2,95009/240.56 mi-3
£2,95009/240.56 mi-3
£2,95009/240.56 mi-3
£2,95007/240.56 mi-3
£2,95008/240.56 mi-3
£2,95002/250.56 mi-3
£2,95003/250.56 mi-3
£1,30009/240.56 miFirepool Crescent, Taunton3
£1,30009/240.57 miFirepool Crescent, Taunton3
£2,70009/240.61 mi-3
£2,70012/240.61 mi-3
£2,70002/250.61 mi-3
£2,70003/250.61 mi-3
£1,40009/240.62 mi-3

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

0.22 miles away

Nearest school

0.30 miles away

Nearest train station

0.45 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Price changed to £227,500

March 4, 2025

Listed for £240,000

February 13, 2025

Floor Plans

Description

  • Two/Three Bedrooms +
  • uPVC Double Glazing +
  • Gas Fired Central Heating +
  • Town Centre Location +
  • Allocated Parking +
  • No Onward Chain +

The property, which has undergone a full redecoration programme over recent months, offers spacious accommodation served by uPVC double glazing and mains gas fired central heating.

In brief, a front door leads into entrance hall with a staircase leading partially down to a lower ground floor level and up to the first floor. On the ground floor level is a cloakroom, a modern fitted kitchen and a useful office/third bedroom. The kitchen comprises a range of matching wall and base units, roll edge work surfaces, integrated fridge/freezer, space for cooker, space and plumbing for washing machine and radiator. To the first floor is a large living room with front aspect windows. A staircase leads up to the second floor where there are two further bedrooms (bedroom one with en-suite shower room comprising of wc, wash hand basin, walk-in shower with tiled surround and electric shower over). There is also a separate family bathroom that completes the accommodation. Externally, there is an allocated parking space close by located securely within this gated facility.

GENERAL REMARKS AND STIPULATIONS:
Tenure: The property is offered for sale leasehold by private treaty with vacant possession on completion.
Lease Information: Years remaining on lease: 130. Service Charge: TBC. Ground Rent: TBC
Services: Mains water with meter, mains electricity, mains drainage, gas fired central heating.
Local Authority: Somerset Council, County Hall, The Crescent, Taunton, Somerset, TA1 4DY
Property Location: w3w.co/souk.nurses.dozen
Council Tax Band: D
EPC: C
Broadband Availability: Ultrafast with up to 1000 Mbps download speed and 1000 Mbps upload speed.
Mobile Phone Coverage: voice & data likely with EE, Three, O2 & Vodafone.
Flood Risk: Rivers & Sea-very low. Surface water-very low.

IMPORTANT NOTICE Wilkie May & Tuckwood 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 Wilkie May & Tuckwood has any authority to make or give any representations or warranty whatever in relation to this property on behalf of Wilkie May & Tuckwood, 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 and have been taken by Nichecom. While we endeavour to make our sales particular 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

Wilkie May & Tuckwood, Taunton

01823 212604

Next Steps?

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