3 Bed Semi-Detached House, Refurb/BRRR, Taunton, TA1 5AD, £275,000

16 Galmington Drive, Taunton, TA1 5AD - 2 months ago

Cash
Refurb/BRRR
ROI: 4%
59 m²
+10 photos

ValuationOvervalued

Sold Prices£150K - £425K
Sold Prices/m²£1.3K/m² - £4.8K/m²

 

 

Square Metres

59 m²
Price/m²£4.7K/m²

Value Estimate

£194,498

 

 

End Value (After Refurb)

£261,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Refurb Costs

£23,993

Bridging Loan Interest

£7,219

Total Cash In

£112,412

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£261,250

Mortgage (After Refinance)

£195,938

Mortgage LTV

75%

Cash Left In

£112,412

Equity

£65,313

Rent Range

£1,250 - £1,950

Rent Estimate

£1,492

Running Costs/mo

£1,135

Cashflow/mo

£357

Cashflow/yr

£4,286

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £150K to £425K, average is £290K. £1.3K/m² to £4.8K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£255K02/240.03 mi14, Statham Close, Taunton, Somerset TA1 5AF3
£250K09/230.05 mi6, Galmington Lane, Taunton, Somerset TA1 5DQ3
£307.5K05/230.11 mi37, Galmington Drive, Taunton, Somerset TA1 5AQ3
£180.5K05/210.11 mi15, Ashford Road, Taunton, Somerset TA1 5DH3
£290K09/210.16 mi51, Upcot Crescent, Taunton, Somerset TA1 5PJ3
£292.5K03/230.17 mi12, Upcot Crescent, Taunton, Somerset TA1 5PH3
£215K03/210.18 mi14, Belmont Road, Taunton, Somerset TA1 5NS3
£150K06/210.19 mi128, Galmington Road, Taunton, Somerset TA1 5DW3
£210K12/230.2 mi5, Deane Drive, Taunton, Somerset TA1 5PE3
£420K01/230.2 mi19, Hoveland Lane, Taunton, Somerset TA1 5DD3
£275K07/230.2 mi1, Bowfell Close, Taunton, Somerset TA1 4JP3
£220K02/210.21 mi7, Burchs Close, Taunton, Somerset TA1 4TR3
£320K07/230.24 mi1, Alston Close, Taunton, Somerset TA1 4LR3
£295K01/210.24 mi2, Alston Close, Taunton, Somerset TA1 4LR3
£335K05/230.24 mi2, Pembroke Close, Taunton, Somerset TA1 4LS3
£222K11/200.25 mi14, Suffolk Crescent, Taunton, Somerset TA1 4JN3
£290K05/230.26 mi9, Galmington Close, Taunton, Somerset TA1 5NR3
£290K05/230.26 mi24, Galmington Close, Taunton, Somerset TA1 5NR3
£265K03/230.26 mi35, Galmington Close, Taunton, Somerset TA1 5NR3
£349.9K01/240.26 mi1, Langham Drive, Taunton, Somerset TA1 4LJ3
£334K07/230.29 mi7, Chilliswood Crescent, Taunton, Somerset TA1 5PL3
£255K02/210.29 mi7, Chilliswood Crescent, Taunton, Somerset TA1 5PL3
£285K08/210.31 mi44, Deane Drive, Taunton, Somerset TA1 5PG3
£175K02/210.31 mi27, Galmington Road, Taunton, Somerset TA1 5NJ3
£290K01/240.31 mi53, Claremont Drive, Taunton, Somerset TA1 4JQ3
£365K03/210.31 mi211, Galmington Road, Taunton, Somerset TA1 4SS3
£340K10/200.32 mi20, Norwich Close, Taunton, Somerset TA1 4LH3
£380K04/230.34 mi39, Longmead Way, Taunton, Somerset TA1 4TB3
£320K02/230.34 mi34, Gill Crescent, Taunton, Somerset TA1 4NR3
£235K03/210.34 mi32, Gill Crescent, Taunton, Somerset TA1 4NR3
£337.5K06/230.34 mi14, Somerset Avenue, Taunton, Somerset TA1 5HU3
£425K04/230.34 mi39, Manor Orchard, Taunton, Somerset TA1 4SN3
£362.5K10/200.34 mi44, Manor Orchard, Taunton, Somerset TA1 4SN3
£250K08/210.35 mi59, Gill Crescent, Taunton, Somerset TA1 4NS3
£219K03/210.35 mi45, Gill Crescent, Taunton, Somerset TA1 4NS3
£305K07/230.35 mi34, Longmead Way, Taunton, Somerset TA1 4TA3
£360K04/230.35 mi32, Comeytrowe Lane, Taunton, Somerset TA1 5HY3
£206K05/210.36 mi9, Bartlett Close, Taunton, Somerset TA1 4NZ3
£265K06/230.36 mi31, Musgrove Road, Taunton, Somerset TA1 5LB3
£179K05/230.36 mi30, Musgrove Road, Taunton, Somerset TA1 5LB3
£375K10/230.36 mi5, Amor Place, Taunton, Somerset TA1 4SG3
£250K03/210.36 mi64, Parkfield Road, Taunton, Somerset TA1 4SD3
£350K07/210.36 mi65, Claremont Drive, Taunton, Somerset TA1 4JH3
£334K09/230.36 mi30, Avon Close, Taunton, Somerset TA1 4SU3
£300K08/230.36 mi6, Avon Close, Taunton, Somerset TA1 4SU3
£332K10/230.36 mi23, Avon Close, Taunton, Somerset TA1 4SU3
£265K02/230.37 mi8, Pinney Close, Taunton, Somerset TA1 4NW3
£240K02/210.38 mi18, Pinney Close, Taunton, Somerset TA1 4NW3
£240K10/230.38 mi14, Pinney Close, Taunton, Somerset TA1 4NW3
£376K09/230.39 mi48, Parkfield Road, Taunton, Somerset TA1 4SE3

Local Rents

15 rents from £1.3K/mo to £1.9K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,75009/240.32 miManor Orchard, Taunton, TA13
£1,30009/240.35 mi-3
£1,50009/240.45 miTaunton, TA13
£1,30006/240.45 mi-3
£1,35009/240.51 miBradford Close, Taunton, Somerset, TA13
£1,90011/240.55 mi-3
£1,70004/250.55 mi-3
£1,25005/240.67 mi-3
£1,95012/240.7 mi-3
£1,40010/240.75 mi-3
£1,47504/250.75 mi-3
£1,75009/240.78 miPikes Crescent, Taunton, TA13
£1,35009/241.01 miSheldon Court, Taunton3
£1,25009/241.02 miRichmond Road, Taunton, TA13
£1,35009/241.04 miWoodstock Road3

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

1.23 miles away

Nearest school

0.10 miles away

Nearest train station

1.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £275,000

February 26, 2025

Floor Plans

Description

  • Three Bedrooms +
  • Semi-Detached House +
  • Popular Residential Location +
  • Mains Gas Fired Central Heating +
  • uPVC Double Glazed +
  • Garage +
  • Off-Road Parking +
  • No Onward Chain +

The property has been the subject of complete refurbishment and modernisation in recent months with a new kitchen, new bathroom, new flooring and complete redecoration. There is a mains gas fired central heating system and uPVC double glazing throughout.

The accommodation is arranged over two floors and comprises in brief: an entrance hallway with stairs rising to the first floor, living room with uPVC double glazed bay window providing aspect to the front and a door leading into the kitchen. The newly fitted kitchen offers a selection of matching wall and base storage units with work surfaces above, an integrated electric oven with an integrated hob above and space for a fridge/freezer. There is also a large understairs storage cupboard and door leading through into a useful utility room with space and plumbing for a washing machine and space for a tumble drier. On the first floor there are three bedrooms and a family bathroom comprising low level wc, wash hand basin and panelled bath with shower over. Externally, the rear garden is predominantly laid to lawn. There is also a timber shed. Alongside the property is a single garage with power, lighting and an up and over door. In front of the garage there is a driveway providing off-road parking for one car.

GENERAL REMARKS AND STIPULATIONS:
Tenure: The property is offered for sale freehold by private treaty with vacant possession on completion.
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/link.reach.across
Council Tax Band: C
EPC: D
Broadband Availability: Ultrafast with up to 1800 Mbps download speed and 220 Mbps upload speed.
Mobile Phone Coverage: Indoor-limited voice & data with EE, Three, O2 & Vodafone. Outdoor-voice & data likely available with EE, Three, O2 & Vodafone.
Flood Risk: Rivers & Sea-very low. Surface water-high.

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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