2 Bed Terraced House, Refurb/BRRR, Taunton, TA3 6SY, £375,000

Curry Mallet, TA3 6SY - 3 views - 2 months ago

Sold STC

Refurb/BRRR

~68 m²

+13 photos

ValuationOvervalued

Sold Prices	£190K - £325K
Sold Prices/m²	£1.5K/m² - £4K/m²

Square Metres	~68.11 m²
Price/m²	£5.5K/m²
Value Estimate	£222,800£222,800

End Value (After Refurb)	£325,000£325,000

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£93,750£93,750
Stamp Duty & Legal Fees	£18,700£18,700
Refurb Costs	£27,698£27,698
Bridging Loan Interest	£9,844£9,844
Total Cash In	£151,742£151,742

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£325,000£325,000
Mortgage (After Refinance)	£243,750£243,750
Mortgage LTV	75%75%
Cash Left In	£151,742£151,742
Equity	£81,250£81,250
Rent Range	£725 - £1,800£725 - £1,800
Rent Estimate	£1,146
Running Costs/mo	£1,265£1,265
Cashflow/mo	£-119£-119
Cashflow/yr	£-1,426£-1,426
Gross Yield	4%4%

Local Sold Prices

9 sold prices from £190K to £325K, average is £230K. £1.5K/m² to £4K/m², average is £3.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£210K	02/23	1.61 mi	4, Nightingale Acre, Hatch Beauchamp, Taunton, Somerset TA3 6TF	-	-	2	Terraced House
£214K	11/22	1.64 mi	41, Station Road, Hatch Beauchamp, Taunton, Somerset TA3 6SQ	£3,627	59	2	Semi-Detached House
£299K	09/23	1.67 mi	The Olde Bakehouse, Church Street, Isle Abbotts, Taunton, Somerset TA3 6RJ	£1,495	200	2	Terraced House
£247K	12/20	1.74 mi	Ganges House, Ganges Hill, Fivehead, Taunton, Somerset TA3 6PF	£3,049	81	2	Terraced House
£230K	11/21	1.74 mi	32, Knightstone Close, Axbridge, Somerset BS26 2DJ	£3,067	75	2	Semi-Detached House
£325K	03/23	1.93 mi	7, Greenway, North Curry, Taunton, Somerset TA3 6NQ	£4,008	81	2	Terraced House
£285K	01/21	2.22 mi	3, Church Road, North Curry, Taunton, Somerset TA3 6LG	£3,476	82	2	Terraced House
£192.5K	09/22	2.97 mi	36, Spurwells, Ilton, Ilminster, Somerset TA19 9HP	-	-	2	Semi-Detached House
£190K	03/23	2.98 mi	24, Spurwells, Ilton, Ilminster, Somerset TA19 9HP	-	-	2	Semi-Detached House

Local Rents

6 rents from £725/mo to £1.8K/mo, average is £1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,450	07/23	1.51 mi	-	2	Semi-Detached House
£725	09/24	1.61 mi	Greenway, North Curry, Taunton, Somerset, TA3	1	Detached House
£1,800	09/24	1.71 mi	Beauchamp Gardens, Hatch Beauchamp, Taunton, Somerset	2	Flat
£1,100	03/25	2.17 mi	-	3	Terraced House
£850	09/23	2.24 mi	-	2	Flat
£950	12/24	2.24 mi	-	2	Semi-Detached House

Local Area Statistics

Population in TA3	14,21214,212
Population in Taunton	85,08885,088
Town centre distance	6.12 miles away6.12 miles away
Nearest school	0.50 miles away0.50 miles away
Nearest train station	6.52 miles away6.52 miles away

Rental growth (12m)	-16%-16%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £375,000

February 19, 2025

Floor Plans

Description

ATTRACTIVE AND RARELY AVAILABLE SEMI DETACHED COTTAGE +
EXTENSIVE GARDENS TO THE SIDE AND REAR +
AMPLE PARKING AND DOUBLE GARAGE +
ABUNDANT IN CHARACTER +
MULLION WINDOWS +
EXPOSED BEAMS +
INGLENOOK FIREPLACE +
IN NEED OF SOME COSMESTIC ENHANCEMENT +
POPULAR VILLAGE LOCATION +

A rarely available two bedroomed semi detached village cottage located on the edge of a popular Taunton village and with good sized wrap-a-round gardens, ample parking and abundant character. Energy rating: 46

Agent Details

Gibbins Richards, Taunton

01823 211768

Next Steps?

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