3 Bed Semi-Detached House, Cash/Bridging Only, Taunton, TA1 4NT, £285,000

Hamlyn Close, Taunton, TA1 4NT - 2 months ago

Cash
ROI: 3%
~93 m²
+14 photos

ValuationUndervalued

Sold Prices£150K - £440K
Sold Prices/m²£1.3K/m² - £4.6K/m²

 

 

Square Metres

~93 m²
Price/m²£3.1K/m²

Value Estimate

£293,550
BMV3%

 

 

End Value (After Refurb)

£298,077

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£71,250

Stamp Duty & Legal Fees

£11,500

Refurb Costs

£37,820

Bridging Loan Interest

£7,481

Total Cash In

£129,801

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£298,077

Mortgage (After Refinance)

£223,558

Mortgage LTV

75%

Cash Released

£9,808

Cash Left In

£119,994

Equity

£74,519

Rent Range

£1,250 - £1,950

Rent Estimate

£1,545

Running Costs/mo

£1,260

Cashflow/mo

£285

Cashflow/yr

£3,414

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £150K to £440K, average is £265K. £1.3K/m² to £4.6K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£320K02/230.04 mi34, Gill Crescent, Taunton, Somerset TA1 4NR3
£235K03/210.04 mi32, Gill Crescent, Taunton, Somerset TA1 4NR3
£265K02/230.05 mi8, Pinney Close, Taunton, Somerset TA1 4NW3
£240K02/210.05 mi18, Pinney Close, Taunton, Somerset TA1 4NW3
£240K10/230.05 mi14, Pinney Close, Taunton, Somerset TA1 4NW3
£290K01/240.06 mi53, Claremont Drive, Taunton, Somerset TA1 4JQ3
£350K07/210.06 mi65, Claremont Drive, Taunton, Somerset TA1 4JH3
£205K10/200.1 mi24, Newbarn Park Road, Taunton, Somerset TA1 4NA3
£270K03/230.1 mi6, Newbarn Park Road, Taunton, Somerset TA1 4NA3
£206K05/210.1 mi9, Bartlett Close, Taunton, Somerset TA1 4NZ3
£294K10/210.1 mi9, Buces Road, Taunton, Somerset TA1 4NG3
£222K11/200.11 mi14, Suffolk Crescent, Taunton, Somerset TA1 4JN3
£250K08/210.12 mi59, Gill Crescent, Taunton, Somerset TA1 4NS3
£219K03/210.12 mi45, Gill Crescent, Taunton, Somerset TA1 4NS3
£290K05/230.15 mi39, Newbarn Park Road, Taunton, Somerset TA1 4NF3
£277.5K11/230.15 mi64, Newbarn Park Road, Taunton, Somerset TA1 4NF3
£238.5K10/200.15 mi39, Scafell Close, Taunton, Somerset TA1 4LG3
£175K11/200.15 mi23, Fivash Close, Taunton, Somerset TA1 4YF3
£245K01/230.15 mi29, Fivash Close, Taunton, Somerset TA1 4YF3
£275K02/230.15 mi6, Fivash Close, Taunton, Somerset TA1 4YF3
£224K12/200.15 mi8, Fivash Close, Taunton, Somerset TA1 4YF3
£258K01/240.18 mi18, Wesley Close, Taunton, Somerset TA1 4YA3
£275K07/230.18 mi1, Bowfell Close, Taunton, Somerset TA1 4JP3
£340K10/200.18 mi20, Norwich Close, Taunton, Somerset TA1 4LH3
£320K07/230.19 mi1, Alston Close, Taunton, Somerset TA1 4LR3
£295K01/210.19 mi2, Alston Close, Taunton, Somerset TA1 4LR3
£349.9K01/240.21 mi1, Langham Drive, Taunton, Somerset TA1 4LJ3
£240K03/210.21 mi40, Denning Close, Taunton, Somerset TA1 4NN3
£195K05/230.23 mi25, Bradford Close, Taunton, Somerset TA1 4YH3
£335K05/230.26 mi2, Pembroke Close, Taunton, Somerset TA1 4LS3
£307.5K05/230.26 mi37, Galmington Drive, Taunton, Somerset TA1 5AQ3
£252.5K03/210.28 mi137, Queensway, Taunton, Somerset TA1 5QT3
£265K11/220.29 mi3, Comeytrowe Road, Taunton, Somerset TA4 1EG3
£360K04/230.32 mi32, Comeytrowe Lane, Taunton, Somerset TA1 5HY3
£440K11/220.32 mi2, New Road, Trull, Taunton, Somerset TA3 7NJ3
£221K10/200.34 mi4, Statham Grove, Taunton, Somerset TA1 5AG3
£337.5K06/230.35 mi14, Somerset Avenue, Taunton, Somerset TA1 5HU3
£255K02/240.35 mi14, Statham Close, Taunton, Somerset TA1 5AF3
£290K09/210.37 mi51, Upcot Crescent, Taunton, Somerset TA1 5PJ3
£220K02/210.37 mi7, Burchs Close, Taunton, Somerset TA1 4TR3
£365K12/230.37 miKnowle Cottage, Comeytrowe Road, Trull, Taunton, Somerset TA3 7NF3
£292.5K03/230.39 mi12, Upcot Crescent, Taunton, Somerset TA1 5PH3
£334K07/230.4 mi7, Chilliswood Crescent, Taunton, Somerset TA1 5PL3
£255K02/210.4 mi7, Chilliswood Crescent, Taunton, Somerset TA1 5PL3
£210K12/230.41 mi5, Deane Drive, Taunton, Somerset TA1 5PE3
£250K09/230.42 mi6, Galmington Lane, Taunton, Somerset TA1 5DQ3
£285K08/210.43 mi44, Deane Drive, Taunton, Somerset TA1 5PG3
£150K06/210.46 mi128, Galmington Road, Taunton, Somerset TA1 5DW3
£180.5K05/210.46 mi15, Ashford Road, Taunton, Somerset TA1 5DH3
£290K06/210.47 mi72, Deane Drive, Taunton, Somerset TA1 5PR3

Local Rents

11 rents from £1.3K/mo to £1.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,30009/240.14 mi-3
£1,30006/240.21 mi-3
£1,35009/240.23 miBradford Close, Taunton, Somerset, TA13
£1,75009/240.66 miManor Orchard, Taunton, TA13
£1,25005/240.72 mi-3
£1,90011/240.78 mi-3
£1,40010/240.79 mi-3
£1,47504/250.79 mi-3
£1,50009/240.81 miTaunton, TA13
£1,75009/240.82 miPikes Crescent, Taunton, TA13
£1,95001/250.93 mi-3

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

1.49 miles away

Nearest school

0.20 miles away

Nearest train station

1.72 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £285,000

February 17, 2025

Floor Plans

Description

  • Two Double Bedrooms +
  • Carport And Garage +
  • Castle School Catchment +
  • Drive Way Parking +

This charming three bedroom semi-detached home in the sought after area of Galmington offers a perfect blend of comfort and convenience. The property features two generous double bedrooms, a family bathroom, perfect for families or first time buyers. The charm of the home extends to a private garden, offering a peaceful retreat for outdoor relaxation or entertaining.

To the front, there is ample parking, complemented by a carport to the side, adding both security and convenience. With its desirable location and well balanced living space, this property presents an excellent opportunity for those seeking a welcoming home in a popular residential area. Conveniently located near local amenities and within the Castle School catchment area, the property also offers easy access to Musgrove Park Hospital.

The internal accommodation comprises:

Entrance Hall

Living Room 18' 2" x 14' 1" (5.51m x 4.26m)

Kitchen 14' 2" x 8' 2" (4.29m x 2.46m)

Landing

Bedroom One 11' 10" x 8' 7" (3.60m x 2.61m)

Bedroom Two 10' 4" x 7' 9" (3.12m x 2.36m)

Bedroom Three 7' 5" x 5' 11" (2.26m x 1.80m)

Bathroom

Rear Garden With side access to driveway, carport and 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 – Gas central heating • Broadband – Ultrafast Full Fibre Broadband • Mobile signal/coverage – Voice and Data across EE and o2 (limited), Three (good)

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. 5. 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?

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