3 Bed Terraced House, Refurb/BRRR, Taunton, TA2 7BQ, £190,000

St. Albans Place, Taunton, TA2 7BQ - 4 views - 2 months ago

Refurb/BRRR
ROI: 9%
~93 m²
+13 photos

ValuationUndervalued

Sold Prices£80K - £390K
Sold Prices/m²£816/m² - £4.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£195,700
BMV3%

 

 

End Value (After Refurb)

£240,073

Uplift in Value

+26%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£6,900

Refurb Costs

£37,820

Bridging Loan Interest

£4,988

Total Cash In

£98,958

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£240,073

Mortgage (After Refinance)

£180,054

Mortgage LTV

75%

Cash Released

£37,554

Cash Left In

£61,403

Equity

£60,018

Rent Range

£1,150 - £2,950

Rent Estimate

£1,921

Running Costs/mo

£1,154

Cashflow/mo

£767

Cashflow/yr

£9,199

ROI

9%

Gross Yield

12%

Local Sold Prices

50 sold prices from £80K to £390K, average is £234K. £816/m² to £4.8K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£205K12/230.03 mi58, St Albans Place, Taunton, Somerset TA2 7BQ3
£340K08/210.04 mi299, Cheddon Road, Taunton, Somerset TA2 7BA3
£175K05/210.08 mi312, Cheddon Road, Taunton, Somerset TA2 7QP3
£170K03/210.09 mi51, St Patricks Road, Taunton, Somerset TA2 7JQ3
£200K05/230.1 mi334, Cheddon Road, Taunton, Somerset TA2 7QP3
£240K03/230.1 mi336, Cheddon Road, Taunton, Somerset TA2 7QP3
£285K11/230.11 miThe Elms, Hope Corner Lane, Taunton, Somerset TA2 7PB3
£275K06/210.12 mi23, Pyrland Avenue, Taunton, Somerset TA2 7BD3
£225K12/220.12 mi2, Ladymead Road, Taunton, Somerset TA2 7RR3
£240K08/230.13 mi362, Cheddon Road, Taunton, Somerset TA2 7QR3
£170K10/210.15 mi53, Ladymead Road, Taunton, Somerset TA2 7RS3
£215K09/230.15 mi53, Ladymead Road, Taunton, Somerset TA2 7RS3
£210K08/230.17 mi5, Ladymead Road, Taunton, Somerset TA2 7RP3
£325K04/210.19 mi11, Glenwood Gardens, Taunton, Somerset TA2 7PA3
£195K06/230.19 mi109, Dorchester Road, Taunton, Somerset TA2 7RN3
£80K10/210.2 mi25, Pyrland Fields, Taunton, Somerset TA2 7EB3
£280K12/220.21 mi15, Glen Drive, Taunton, Somerset TA2 7RG3
£177.5K03/210.21 mi422, Cheddon Road, Taunton, Somerset TA2 7QS3
£183K07/210.23 mi63, Farm View, Taunton, Somerset TA2 7RB3
£264K10/230.24 mi430, Cheddon Road, Taunton, Somerset TA2 7QT3
£180K12/200.24 mi66, Farm View, Taunton, Somerset TA2 7RB3
£216K04/230.25 mi49, Farm View, Taunton, Somerset TA2 7RA3
£290K08/230.26 mi17, Colin Avenue, Taunton, Somerset TA2 7AT3
£280K10/230.27 mi30, Colin Road, Taunton, Somerset TA2 7AS3
£252K11/200.27 mi24, Colin Road, Taunton, Somerset TA2 7AS3
£280K01/240.27 mi23, Colin Road, Taunton, Somerset TA2 7AS3
£250K11/230.28 mi12, Cory Road, Taunton, Somerset TA2 7HZ3
£219K10/200.28 mi4, Cory Road, Taunton, Somerset TA2 7HZ3
£185K07/210.29 mi115, Farm View, Taunton, Somerset TA2 7RD3
£300K12/220.29 mi4, Cory Road, Taunton, Somerset TA2 7HZ3
£390K05/230.29 miLyngcroft, Lyngford Lane, Taunton, Somerset TA2 7LJ3
£220K10/210.3 mi84, Quantock Road, Taunton, Somerset TA2 7NS3
£290K05/210.31 mi2, Hope Corner Close, Taunton, Somerset TA2 7NX3
£225K01/240.32 mi29, Cheddon Mews, Taunton, Somerset TA2 7HT3
£172.9K05/210.32 mi7, Cheddon Mews, Taunton, Somerset TA2 7HT3
£260K12/220.33 mi23, Farm View, Taunton, Somerset TA2 7QY3
£236K04/210.34 mi186, Cheddon Road, Taunton, Somerset TA2 7AN3
£265K12/200.34 mi182, Cheddon Road, Taunton, Somerset TA2 7AN3
£277.5K04/240.34 mi174, Cheddon Road, Taunton, Somerset TA2 7AN3
£260K10/210.35 mi11, Grafton Close, Taunton, Somerset TA2 8SE3
£192.5K12/200.35 mi12, Grafton Close, Taunton, Somerset TA2 8SE3
£260K09/230.37 mi35, Quantock Road, Taunton, Somerset TA2 7NN3
£220K11/210.37 mi5, Wellsprings Road, Taunton, Somerset TA2 7LX3
£375K03/210.37 miVerulam, Lyngford Lane, Taunton, Somerset TA2 7LL3
£220K12/210.38 mi24, Lyngford Square, Taunton, Somerset TA2 7ET3
£308K01/240.4 mi12, Eastwick Avenue, Taunton, Somerset TA2 7AJ3
£197K11/210.4 mi1a, Eastwick Avenue, Taunton, Somerset TA2 7AJ3
£233K08/230.4 mi10, Triscombe Road, Taunton, Somerset TA2 7PG3
£235K10/230.41 mi39, Wellsprings Road, Taunton, Somerset TA2 7LY3
£180K05/210.42 mi22, Holford Road, Taunton, Somerset TA2 7PE3

Local Rents

22 rents from £1.1K/mo to £3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,27002/250.26 mi-3
£1,35010/240.58 mi-3
£1,25009/240.6 mi-3
£1,47509/240.63 miRossiter Road, Taunton3
£1,20009/240.68 miStandfast Place, Taunton, TA23
£1,25002/250.69 mi-3
£1,30009/240.7 miThe Shaulders, Taunton, 3
£1,15007/240.71 mi-3
£1,30009/240.77 miEaton Crescent, Taunton3
£1,30009/241.01 miFirepool Crescent, Taunton3
£2,95002/241.01 mi-3
£2,95009/241.01 mi-3
£2,95009/241.01 mi-3
£2,95009/241.01 mi-3
£2,95009/241.01 mi-3
£2,95007/241.01 mi-3
£2,95008/241.01 mi-3
£2,95002/251.01 mi-3
£2,95003/251.01 mi-3
£1,30009/241.01 miFirepool Crescent, Taunton3
£1,35009/241.19 miWoodstock Road3
£1,25009/241.21 miRichmond Road, Taunton, TA13

Local Area Statistics

Population in TA2

26,588

Population in Taunton

85,088

Town centre distance

1.51 miles away

Nearest school

0.10 miles away

Nearest train station

0.94 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £190,000

February 14, 2025

Floor Plans

Description

  • No onward chain +
  • A spacious mid terrace house on the far northern outskirts of Taunton +
  • In need of modernisation +
  • South facing enclosed rear garden +
  • Generously sized living/dining room with patio doors +
  • Kitchen +
  • Separate utility room +
  • Three bedrooms +
  • First floor bathroom +
  • Close to local amenities and schooling +

Discover the potential in this three-bedroom mid-terrace home—a blank canvas awaiting your personal touch. Ideally positioned on St Albans Road, this property offers the perfect blend of space and potential, making it an exciting prospect for investors, renovators, or families looking to create their dream home. The property requires further modernisation, but comes to the sales market with the added benefit of no onward chain.

The property is entered through a porch into an entrance hall with stairs leading to the first floor. There is a generously sized kitchen with a utility room off and a bright living/dining room with patio doors opening out onto a private, enclosed, south-facing rear garden—perfect for alfresco dining and outdoor entertaining. To the first floor there are three bedrooms and a three piece bathroom.

Future Expansion - There is potential at the front of the property to create off-road parking space (subject to the necessary permission), adding further value and convenience.

TOTAL FLOOR AREA
TBA

TENURE
Freehold

COUNCIL TAX
Somerset Council Tax Band B. Charges payable for 2024/25 - £1,871.62.

SERVICES
Main services of gas, electricity, water and drainage are connected.
Broadband/Mobile phone coverage- The options of standard, superfast and ultrafast broadband withspeeds upto 1800 Mbps are available. For an indication of broadbandspeeds as wellas mobile phone signal and coverage available please refer to the 'Ofcomchecker' website.

Agent Details

Ware & Co, Taunton

01823 589527

Next Steps?

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