2 Bed Flat, Single Let, Taunton, TA1 3FH, £135,000

53, East Street, Taunton, TA1 3NA - 3 views - 24 days ago

Leasehold
BTL
ROI: 10%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£90K - £295K
Sold Prices/m²£1.6K/m² - £6.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2K/m²

Value Estimate

£162,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£7,950

Total Cash In

£41,700

 

 

Cash Out

 

Rent Range

£850 - £2,700

Rent Estimate

£995

Running Costs/mo

£641

Cashflow/mo

£354

Cashflow/yr

£4,250

ROI

10%

Gross Yield

9%

Local Sold Prices

51 sold prices from £90K to £295K, average is £143K. £1.6K/m² to £6.8K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£143K10/230.07 miFlat 8, Trinity Gate, Queen Street, Taunton, Somerset TA1 3DS2
£138K03/230.15 mi5, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£130K10/210.16 mi39, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£150K04/230.16 mi38, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£160K12/230.16 mi44, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£160K12/230.16 mi44, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£112.5K11/200.16 mi10, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£148K03/210.2 mi42b, Laburnum Street, Taunton, Somerset TA1 1LB2
£295K11/210.21 miFlat 7, Annecy Court, St Josephs Field, Taunton, Somerset TA1 3TE2
£155K02/210.21 mi33, Trinity Road, Taunton, Somerset TA1 3JJ2
£250K02/210.23 miFlat 5, Annecy Court, St Josephs Field, Taunton, Somerset TA1 3TE2
£202.5K03/240.23 miAnnecy Court, Flat 9, St Josephs Field, Taunton, Somerset TA1 3TE2
£150K09/230.29 mi9, The Octagon, Taunton, Somerset TA1 1RT2
£165K01/230.3 mi2, The Octagon, Taunton, Somerset TA1 1RT2
£115K01/210.37 mi37, Winters Field, Taunton, Somerset TA1 1PY2
£211K11/230.44 mi52, Geoffrey Farrant Walk, Taunton, Somerset TA1 1PU2
£120K07/210.44 miFlat 6, Vivary Gate, Upper High Street, Taunton, Somerset TA1 3PX2
£160K05/230.44 miFlat 12, Vivary Gate, Upper High Street, Taunton, Somerset TA1 3PX2
£138K09/230.47 miFlat 42, Dellers Court, Dellers Wharf, Taunton, Somerset TA1 1DX2
£122.5K09/230.47 miFlat 27, Dellers Court, Dellers Wharf, Taunton, Somerset TA1 1DX2
£122.5K08/210.48 miFlat 2, Dellers Court, Dellers Wharf, Taunton, Somerset TA1 1DX2
£172.5K08/230.52 mi50, Firepool Crescent, Taunton, Somerset TA1 1AT2
£185K12/230.52 mi29, Firepool View, Taunton, Somerset TA1 1NY2
£159K11/200.54 mi36, Firepool View, Taunton, Somerset TA1 1PS2
£179K02/210.54 mi28, Firepool View, Taunton, Somerset TA1 1PS2
£100K01/230.54 miFlat 1, Portland Grange, Upper High Street, Taunton, Somerset TA1 3PZ2
£172K07/210.54 mi4, Firepool View, Taunton, Somerset TA1 1PS2
£105K08/230.54 miFlat 8, Portland Grange, Upper High Street, Taunton, Somerset TA1 3PZ2
£90K12/230.54 miFlat 13, Portland Grange, Upper High Street, Taunton, Somerset TA1 3PZ2
£187K01/230.54 mi16, Firepool View, Taunton, Somerset TA1 1PS2
£122K11/210.55 miFlat 28, Beech Court, Tower Street, Taunton, Somerset TA1 4BH2
£90K10/230.55 miFlat 7, Beech Court, Tower Street, Taunton, Somerset TA1 4BH2
£100K10/230.55 miFlat 44, Beech Court, Tower Street, Taunton, Somerset TA1 4BH2
£95K11/230.55 miFlat 43, Beech Court, Tower Street, Taunton, Somerset TA1 4BH2
£165K01/230.56 mi35, Cunningham Court, Taunton, Somerset TA1 1AR2
£147.5K01/210.56 mi2, Cunningham Court, Taunton, Somerset TA1 1AR2
£140K09/200.56 mi27, Cunningham Court, Taunton, Somerset TA1 1AR2
£175K09/230.56 mi36, Cunningham Court, Taunton, Somerset TA1 1AR2
£130K12/210.57 mi3a, Hamilton Court, Taunton, Somerset TA1 2PA2
£125K02/230.57 mi3b, Hamilton Court, Taunton, Somerset TA1 2PA2
£155K02/230.57 mi2b, Hamilton Court, Taunton, Somerset TA1 2PA2
£130K06/210.65 miFlat 4, Dovetail Court, Park Street, Taunton, Somerset TA1 4DF2
£120K06/210.65 miFlat 2, Turkey Court, Vivary Road, Taunton, Somerset TA1 3JN2
£122K12/200.66 miFlat 8, Dovetail Court, Park Street, Taunton, Somerset TA1 4DF2
£130K03/210.66 miFlat 6, Dovetail Court, Park Street, Taunton, Somerset TA1 4DF2
£105K06/210.66 mi11c, Park Street, Taunton, Somerset TA1 4DF2
£124.6K06/210.68 mi17, Northfield Gardens, Taunton, Somerset TA1 1XN2
£140K10/200.68 miFlat 10, Avongrove Court, The Avenue, Taunton, Somerset TA1 1TL2
£155K03/230.68 miFlat 10, Avongrove Court, The Avenue, Taunton, Somerset TA1 1TL2
£219.9K03/230.7 miFlat 22, Compass Court, Compass Rise, Taunton, Somerset TA1 4PP2
£200K10/230.7 miCompass Court, Flat 24, Compass Rise, Taunton, Somerset TA1 4PP2

Local Rents

29 rents from £850/mo to £2.7K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,00012/240.02 mi-2
£95009/240.04 miEast Reach, Taunton2
£1,20009/240.05 mi-2
£1,20009/240.12 mi-2
£1,20012/240.12 mi-2
£1,20009/240.12 miGloucester Street, TAUNTON2
£1,10002/250.12 mi-2
£85009/240.28 miMiddle Street, Taunton, TA12
£92509/240.28 miThe Octagon, Taunton, Somerset, TA12
£1,50009/240.3 mi-2
£1,70002/250.3 mi-2
£95009/240.3 miTaunton2
£99509/240.31 miPriory Avenue, Taunton2
£85011/240.33 mi-2
£1,55009/240.39 miCoal Orchard, TAUNTON2
£2,70009/240.39 mi-2
£2,70011/240.39 mi-2
£2,70002/250.39 mi-2
£2,70003/250.39 mi-2
£2,70009/240.4 mi-2
£2,70012/240.4 mi-2
£2,70002/250.4 mi-2
£2,70003/250.4 mi-2
£1,60009/240.41 miCoal Orchard, TAUNTON2
£1,10009/240.54 miFirepool View, TAUNTON2
£1,10009/240.56 mi-2
£1,50002/240.59 mi-2
£1,50002/240.59 mi-2
£1,10009/240.61 mi-2

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

0.15 miles away

Nearest school

0.10 miles away

Nearest train station

0.67 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £135,000

March 3, 2025

Floor Plans

Description

  • 2 Bedroom Apartment +
  • First Floor +
  • Allocated Parking Space +
  • Secure Gated Complex +
  • Excellent Decorative Order +
  • Double Glazed and Gas Central Heating +
  • Town Centre Location +
  • Rental potential £995pcm excluding bills +
  • No Onward Chain +

Newton King are delighted to offer to the market this spacious two-bedroom flat, ideally located in the heart of the town centre. with just a stone’s throw of local shops, cafes, and amenities, this property offers both convenience and comfort with the added benefit of secure gated access and allocated parking, In brief accommodation comprises entrance hall with a built In storage cupboard, white suite bathroom with shower and heated towel rail, two bedroom and an open plan living room with a modern fitted kitchen, the property is double glazed throughout and has gas central heating. The property has great rental potential with a monthly rental of £995pcm excluding bills. Council Tax Band B, EPC rating B ANNUAL SERVICE CHARGE: Jan 1st -June 30th 2025: £740.48. Jul 1st - Dec 31st 2025: expected to be the the same but invoice not due until June 2025. Payable currently twice a year. Total for 2025 expected to therefore be around £1,480.96 LEASEHOLD UNEXPIRED TERM: 108 years remaining (of a 125 years which started on the 1/1/2008) GROUND RENT: £175 until 2033 Please contact Newton King to arrange an accompanied viewing between 9am and 6pm.

Agent Details

Newton King, Taunton

01823 212787

Next Steps?

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