3 Bed Semi-Detached House, Cash/Bridging Only, Taunton, TA1 1NY, £325,000

Firepool View, Taunton, Somerset, TA1 1NY - 2 views - 2 months ago

Sold STC
Cash
ROI: 4%
~93 m²
+15 photos

ValuationOvervalued

Sold Prices£150K - £375K
Sold Prices/m²£1.7K/m² - £4.2K/m²

 

 

Square Metres

~93 m²
Price/m²£3.5K/m²

Value Estimate

£233,647

 

 

End Value (After Refurb)

£259,071

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£37,820

Bridging Loan Interest

£8,531

Total Cash In

£144,051

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£259,071

Mortgage (After Refinance)

£194,304

Mortgage LTV

75%

Cash Left In

£144,051

Equity

£64,768

Rent Range

£1,150 - £2,950

Rent Estimate

£1,600

Running Costs/mo

£1,150

Cashflow/mo

£450

Cashflow/yr

£5,405

ROI

4%

Gross Yield

6%

Local Sold Prices

51 sold prices from £150K to £375K, average is £230K. £1.7K/m² to £4.2K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£282.5K12/200.02 mi89, Firepool View, Taunton, Somerset TA1 1NY3
£255K05/240.02 mi123, Firepool View, Taunton, Somerset TA1 1NY3
£255K04/240.11 mi4, Priory Park, Taunton, Somerset TA1 1PX3
£193K03/210.13 mi77, Winters Field, Taunton, Somerset TA1 1PY3
£205K05/210.13 mi19, Winters Field, Taunton, Somerset TA1 1PY3
£316K09/230.16 mi165, Eaton Crescent, Taunton, Somerset TA2 7UF3
£300K12/230.16 mi155, Eaton Crescent, Taunton, Somerset TA2 7UF3
£236.5K06/230.19 mi13, Obridge Crescent, Taunton, Somerset TA2 7PZ3
£200K02/210.21 mi59, Priory Avenue, Taunton, Somerset TA1 1XZ3
£255K08/230.22 mi15, Obridge Road, Taunton, Somerset TA2 7PX3
£170K11/200.23 mi99, Winchester Street, Taunton, Somerset TA1 1QE3
£185K01/210.23 mi88, Winchester Street, Taunton, Somerset TA1 1QE3
£206K04/210.23 mi87, St Augustine Street, Taunton, Somerset TA1 1QL3
£205K11/210.23 mi79, St Augustine Street, Taunton, Somerset TA1 1QL3
£257.5K07/230.23 mi109, St Augustine Street, Taunton, Somerset TA1 1QL3
£225K09/230.23 mi43, Compton Close, Taunton, Somerset TA2 7UD3
£245K08/210.24 mi75, Eaton Crescent, Taunton, Somerset TA2 7UE3
£280K03/240.24 mi75, Eaton Crescent, Taunton, Somerset TA2 7UE3
£270K04/230.24 mi122, Priory Avenue, Taunton, Somerset TA1 1YB3
£318K08/230.28 mi32, Draycott Avenue, Taunton, Somerset TA2 7QF3
£230K12/230.28 mi9, Monks Close, Taunton, Somerset TA1 2AW3
£255K05/210.29 mi31, Lansdowne Road, Taunton, Somerset TA2 7QB3
£227.5K03/240.29 mi10, Lansdowne Road, Taunton, Somerset TA2 7QB3
£150K12/200.29 mi53, St Augustine Street, Taunton, Somerset TA1 1QH3
£150K02/210.29 mi71, St Augustine Street, Taunton, Somerset TA1 1QH3
£223K09/210.29 mi66, St Augustine Street, Taunton, Somerset TA1 1QH3
£210K08/230.29 mi31, St Augustine Street, Taunton, Somerset TA1 1QH3
£205K11/230.29 mi44, Winchester Street, Taunton, Somerset TA1 1QG3
£239.9K10/210.3 mi39, Priorswood Road, Taunton, Somerset TA2 7PS3
£239.9K10/210.3 mi39, Priorswood Road, Taunton, Somerset TA2 7PS3
£375K01/210.32 mi45, Draycott Avenue, Taunton, Somerset TA2 7QG3
£195K08/210.32 mi17, Winchester Street, Taunton, Somerset TA1 1QQ3
£210K02/230.32 mi13, Winchester Street, Taunton, Somerset TA1 1QQ3
£191K06/210.32 mi67, Massingham Park, Taunton, Somerset TA2 7TG3
£265K01/230.32 mi1, Massingham Park, Taunton, Somerset TA2 7TG3
£240K03/210.33 mi97, Priorswood Road, Taunton, Somerset TA2 7PT3
£195K01/210.33 mi23, Stephen Street, Taunton, Somerset TA1 1LD3
£250K05/210.33 mi106, Priorswood Road, Taunton, Somerset TA2 7QQ3
£300K07/230.33 mi118, Priorswood Road, Taunton, Somerset TA2 7QQ3
£300K07/230.33 mi118, Priorswood Road, Taunton, Somerset TA2 7QQ3
£230K09/210.35 mi118, Priorswood Road, Taunton, Somerset TA2 7QQ3
£234.8K01/230.35 mi5, Eastbourne Terrace, Taunton, Somerset TA1 1SX3
£184K09/210.35 mi7, Laburnum Street, Taunton, Somerset TA1 1LA3
£257K01/240.35 mi1, Laburnum Street, Taunton, Somerset TA1 1LA3
£230K12/220.35 mi17, Eastbourne Terrace, Taunton, Somerset TA1 1SX3
£201K07/210.38 mi13, Grange Drive, Taunton, Somerset TA2 7DY3
£185K04/210.38 mi15, Grange Drive, Taunton, Somerset TA2 7DY3
£187.5K04/210.38 mi65, Leycroft Road, Taunton, Somerset TA1 2ED3
£200K06/210.39 mi29, Alfred Street, Taunton, Somerset TA1 3HY3
£189.3K10/210.4 mi28, Mitre Court, Taunton, Somerset TA1 3ER3
£207.5K11/210.4 mi29, Mitre Court, Taunton, Somerset TA1 3ER3

Local Rents

23 rents from £1.1K/mo to £3K/mo, average is £2.7K/mo.

RentDateDistanceAddressBeds 
£2,95002/240.07 mi-3
£2,95009/240.07 mi-3
£2,95009/240.07 mi-3
£2,95009/240.07 mi-3
£2,95009/240.07 mi-3
£2,95007/240.07 mi-3
£2,95008/240.07 mi-3
£2,95002/250.07 mi-3
£2,95003/250.07 mi-3
£1,30009/240.08 miFirepool Crescent, Taunton3
£1,30009/240.08 miFirepool Crescent, Taunton3
£1,30009/240.24 miEaton Crescent, Taunton3
£2,70009/240.36 mi-3
£2,70012/240.36 mi-3
£2,70002/250.36 mi-3
£2,70003/250.36 mi-3
£1,25002/250.41 mi-3
£1,40008/240.53 mi-3
£1,25009/240.54 mi-3
£1,40009/240.59 mi-3
£1,35009/240.6 miSheldon Court, Taunton3
£1,15009/240.61 miBeadon Road, TAUNTON3
£1,35010/240.61 mi-3

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

0.53 miles away

Nearest school

0.30 miles away

Nearest train station

0.36 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £325,000

February 28, 2025

Floor Plans

Description

  • Waterfront Property +
  • Versatile Living Accomodation +
  • Two South Facing Terraces +
  • Firepool Development +
  • Off Road Parking For Two Cars +
  • Two Further Visitor Spaces +

With a balcony or terrace on every floor overlooking the beautiful Taunton Canal, this is more than just a property, it's a lifestyle! This stunning waterfront villa is located in the increasingly exciting Firepool development. Situated over three floors this property benefits from fantastic waterfront views from its two south-facing terraces and balcony off of the master bedroom, off-road parking for 2 cars and shared use between 5 properties of 2 further parking spaces. This popular development lies within easy reach of the M5, town centre and is a five-minute walk from the station for fast trains to London.

Our Lettings team have advised a rent of £1600 PCM could be achieved for this property.

Entrance Hall

Kitchen/Breakfast Room 18' 1'' x 14' 2'' (5.51m x 4.31m)

Waterfront Terrace

WC

Bedroom Three / Study 11' 2'' x 8' 10'' (3.4m x 2.7m)

First Floor Landing

Bedroom One 14' 5'' x 8' 10'' (4.4m x 2.7m)

South Facing Balcony

En-Suite

Bedroom Two 11' 2'' x 7' 7'' (3.4m x 2.3m)

Bathroom

Living Room 14' 5'' x 13' 5'' (4.4m x 4.1m)

South Facing Terrace

Parking Off-road parking for two cars and two additional visitor parking spaces

Utilities – • Electricity supply – Mains electricity • Water supply – Mains water • Sewerage - Mains sewage • Heating – Gas central heating • Broadband – Ultrafast Full Fibre Broadband • Mobile signal/coverage – Limited Voice and Data across EE, O2, Vodaphone and Three

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. 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 June 2023.

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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