3 Bed Semi-Detached House, Refurb/BRRR, Taunton, TA1 2EP, £285,000

123 Hamilton Road, Taunton TA1 2EP - 1 views - 2 months ago

Sold STC

Refurb/BRRR

Planning

ROI: 5%

~93 m²

+11 photos

ValuationOvervalued

Sold Prices	£161K - £370K
Sold Prices/m²	£1.7K/m² - £4.2K/m²

Square Metres	~93 m²
Price/m²	£3.1K/m²
Value Estimate	£269,237£269,237

End Value (After Refurb)	£263,000£263,000

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£71,250£71,250
Stamp Duty & Legal Fees	£11,500£11,500
Refurb Costs	£37,820£37,820
Bridging Loan Interest	£7,481£7,481
Total Cash In	£129,801£129,801

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£263,000£263,000
Mortgage (After Refinance)	£197,250£197,250
Mortgage LTV	75%75%
Cash Left In	£129,801£129,801
Equity	£65,750£65,750
Rent Range	£1,150 - £2,700£1,150 - £2,700
Rent Estimate	£1,791
Running Costs/mo	£1,200£1,200
Cashflow/mo	£591£591
Cashflow/yr	£7,091£7,091
ROI	5%5%
Gross Yield	8%8%

Local Sold Prices

50 sold prices from £161K to £370K, average is £245.5K. £1.7K/m² to £4.2K/m², average is £2.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£297K	03/21	0.01 mi	125, Hamilton Road, Taunton, Somerset TA1 2EP	£3,622	82	3	Semi-Detached House
£370K	10/20	0.01 mi	111, Hamilton Road, Taunton, Somerset TA1 2EP	£2,824	131	3	Semi-Detached House
£300K	11/20	0.12 mi	48, Hamilton Road, Taunton, Somerset TA1 2ES	£2,400	125	3	Semi-Detached House
£246K	06/21	0.12 mi	23, Bloomfield Close, Taunton, Somerset TA1 2EN	-	-	3	Detached House
£230K	03/21	0.12 mi	37, Bloomfield Close, Taunton, Somerset TA1 2EN	-	-	3	Detached House
£285K	09/23	0.12 mi	27, Bloomfield Close, Taunton, Somerset TA1 2EN	£2,901	98	3	Detached House
£315K	09/21	0.17 mi	27, Bridgwater Road, Taunton, Somerset TA1 2DP	£2,561	123	3	Semi-Detached House
£250K	05/23	0.17 mi	43, Bridgwater Road, Taunton, Somerset TA1 2DP	-	-	3	Semi-Detached House
£218.5K	12/20	0.19 mi	95, Thames Drive, Taunton, Somerset TA1 2TE	£3,213	68	3	Terraced House
£290K	10/20	0.2 mi	10, Bridgwater Road, Taunton, Somerset TA1 2DS	£2,871	101	3	Detached House
£320K	11/20	0.2 mi	12, Bridgwater Road, Taunton, Somerset TA1 2DS	£2,963	108	3	Detached House
£345K	02/24	0.2 mi	12, Bridgwater Road, Taunton, Somerset TA1 2DS	£3,194	108	3	Bungalow
£220K	09/23	0.2 mi	73, Hamilton Road, Taunton, Somerset TA1 2EL	-	-	3	Semi-Detached House
£240K	03/24	0.23 mi	33, Chelmer Close, Taunton, Somerset TA1 2TB	£4,211	57	3	Semi-Detached House
£250K	12/22	0.23 mi	70, Severn Drive, Taunton, Somerset TA1 2PW	£3,413	73	3	Terraced House
£229K	12/20	0.23 mi	58, Severn Drive, Taunton, Somerset TA1 2PW	£2,120	108	3	Semi-Detached House
£258K	01/23	0.23 mi	68, Severn Drive, Taunton, Somerset TA1 2PW	£3,474	74	3	Terraced House
£237K	09/21	0.23 mi	54, Calder Crescent, Taunton, Somerset TA1 2NH	£3,305	72	3	Semi-Detached House
£250K	10/20	0.23 mi	51, Calder Crescent, Taunton, Somerset TA1 2NH	£2,688	93	3	Detached House
£280K	09/23	0.23 mi	6, Calder Crescent, Taunton, Somerset TA1 2NH	£3,867	72	3	Semi-Detached House
£217K	03/23	0.24 mi	40, Charles Crescent, Taunton, Somerset TA1 2XN	£2,583	84	3	Semi-Detached House
£228K	10/20	0.25 mi	9, Kennet Grove, Taunton, Somerset TA1 2NT	£2,811	81	3	Semi-Detached House
£210K	04/23	0.26 mi	23, Charles Crescent, Taunton, Somerset TA1 2XW	-	-	3	Semi-Detached House
£250K	06/21	0.29 mi	4, Medway Close, Taunton, Somerset TA1 2NS	£2,604	96	3	Semi-Detached House
£278K	09/23	0.3 mi	14, Medway Close, Taunton, Somerset TA1 2NS	£3,483	80	3	Detached House
£200K	09/21	0.3 mi	7, Creechbarrow Road, Taunton, Somerset TA1 2AR	£2,525	79	3	Terraced House
£235K	12/20	0.32 mi	2, Leadon Grove, Taunton, Somerset TA1 2NX	£3,310	71	3	Semi-Detached House
£263K	09/21	0.33 mi	16, Derwent Grove, Taunton, Somerset TA1 2NJ	£2,859	92	3	Detached House
£161K	11/20	0.33 mi	5, Beadon Road, Taunton, Somerset TA1 2DJ	£1,713	94	3	Semi-Detached House
£210K	10/20	0.34 mi	37, Bramley Road, Taunton, Somerset TA1 2XJ	£2,561	82	3	Semi-Detached House
£192K	02/21	0.36 mi	52, Lisieux Way, Taunton, Somerset TA1 2JZ	£2,370	81	3	Terraced House
£190K	05/23	0.36 mi	84, Lambrook Road, Taunton, Somerset TA1 2AF	£1,898	100	3	Semi-Detached House
£190K	01/21	0.37 mi	32, Newton Road, Taunton, Somerset TA1 2XG	£2,346	81	3	Terraced House
£305.9K	09/21	0.37 mi	25, Ashbourne Crescent, Taunton, Somerset TA1 2RA	-	-	3	Detached House
£260K	05/23	0.38 mi	2, Creechberry Orchard, Taunton, Somerset TA1 2EX	-	-	3	Semi-Detached House
£265K	04/23	0.38 mi	12, Creechberry Orchard, Taunton, Somerset TA1 2EX	£3,630	73	3	Semi-Detached House
£285K	05/23	0.38 mi	16, Creechberry Orchard, Taunton, Somerset TA1 2EX	-	-	3	Semi-Detached House
£180K	06/23	0.38 mi	3, Monmouth Road, Taunton, Somerset TA1 2AZ	£2,195	82	3	Terraced House
£237K	12/23	0.38 mi	37, Russett Road, Taunton, Somerset TA1 2XE	£2,963	80	3	Terraced House
£250K	06/21	0.39 mi	2a, Burns Road, Taunton, Somerset TA1 2HU	£2,033	123	3	Detached House
£234.5K	11/22	0.4 mi	52, Laxton Road, Taunton, Somerset TA1 2XB	£3,553	66	3	Semi-Detached House
£236K	06/21	0.4 mi	5, Laxton Road, Taunton, Somerset TA1 2UW	£2,384	99	3	Semi-Detached House
£189K	04/21	0.42 mi	34, Wordsworth Drive, Taunton, Somerset TA1 2HW	£2,589	73	3	Terraced House
£187.5K	04/21	0.42 mi	65, Leycroft Road, Taunton, Somerset TA1 2ED	£2,038	92	3	Semi-Detached House
£285K	08/23	0.43 mi	26, Bowmont Grove, Taunton, Somerset TA1 2RF	-	-	3	Semi-Detached House
£233.5K	12/20	0.43 mi	83, Normandy Drive, Taunton, Somerset TA1 2LE	£2,919	80	3	Semi-Detached House
£258K	04/21	0.44 mi	4, Lynor Close, Taunton, Somerset TA1 2RX	£3,108	83	3	Detached House
£245K	03/21	0.45 mi	81, Parmin Way, Taunton, Somerset TA1 2JX	£3,311	74	3	Semi-Detached House
£187.5K	04/21	0.45 mi	65, Leycroft Road, Taunton, Somerset TA1 2ED	£2,038	92	3	Semi-Detached House
£292.5K	03/24	0.45 mi	5, Blackbrook Road, Taunton, Somerset TA1 2UR	£3,401	86	3	Semi-Detached House

Local Rents

11 rents from £1.1K/mo to £2.7K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,350	09/24	0.32 mi	Thames Drive, Taunton	3	Flat
£1,150	09/24	0.33 mi	Beadon Road, TAUNTON	3	Flat
£1,350	09/24	0.38 mi	Creechberry Orchard, Taunton	3	Flat
£1,200	09/24	0.45 mi	Parmin Way, TA1	3	Terraced House
£1,200	09/24	0.47 mi	Ashbourne Crescent, Taunton	3	Detached House
£1,250	09/24	0.48 mi	Ashbourne Crescent, Taunton	3	Detached House
£2,700	09/24	0.49 mi	-	3	Terraced House
£2,700	12/24	0.49 mi	-	3	Terraced House
£2,700	02/25	0.49 mi	-	3	Terraced House
£2,700	03/25	0.49 mi	-	3	Terraced House
£1,400	09/24	0.54 mi	-	3	Terraced House

Local Area Statistics

Population in TA1	39,26539,265
Population in Taunton	85,08885,088
Town centre distance	0.94 miles away0.94 miles away
Nearest school	0.50 miles away0.50 miles away
Nearest train station	1.17 miles away1.17 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 £285,000

February 18, 2025

Floor Plans

Description

1920'S THREE BED SEMI +
IN NEED OF INTERNAL MODERNISATION / REFURBISMENT +
POTENTIAL FOR EXTENSION (SUBJECT TO PLANNING PERMISSION) +
TWO RECEPTION ROOMS +
KITCHEN +
REAR LOBBY WITH WC +
AMPLE DRIVEWAY PARKING +
LARGE REAR GARDEN +

An ideal opportunity to acquire a period three bedroomed semi, located on a good plot, which needs internal modernisation and is ripe for potential extension (subject to planning permission). The property does benefit from modern wiring and a new boiler feeing the heating system. Energy rating: D-66

Agent Details

Gibbins Richards, Taunton

01823 211768

Next Steps?

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