2 Bed Terraced House, Refurb/BRRR, Taunton, TA1 1QH, £200,000

37 St Augustine Street, Taunton, TA1 1QH - 2 views - a month ago

Cash
Refurb/BRRR
ROI: 7%
~68 m²
+17 photos

ValuationOvervalued

Sold Prices£130K - £275K
Sold Prices/m²£1.7K/m² - £3.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£153,250

 

 

End Value (After Refurb)

£184,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£11,200

Refurb Costs

£27,698

Bridging Loan Interest

£5,250

Total Cash In

£95,898

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£184,000

Mortgage (After Refinance)

£138,000

Mortgage LTV

75%

Cash Left In

£95,898

Equity

£46,000

Rent Range

£850 - £2,700

Rent Estimate

£1,477

Running Costs/mo

£890

Cashflow/mo

£587

Cashflow/yr

£7,039

ROI

7%

Gross Yield

9%

Local Sold Prices

50 sold prices from £130K to £275K, average is £188.8K. £1.7K/m² to £3.9K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£183.5K03/210 mi60, St Augustine Street, Taunton, Somerset TA1 1QH2
£243.9K10/230.08 mi81, Winchester Street, Taunton, Somerset TA1 1QE2
£190K12/200.08 mi27, Winchester Street, Taunton, Somerset TA1 1QQ2
£139.9K08/210.13 mi13, Eastbourne Gate, Taunton, Somerset TA1 1SZ2
£130K03/240.13 mi2, Eastbourne Gate, Taunton, Somerset TA1 1SZ2
£181K10/230.15 mi2, Gloucester Street, Taunton, Somerset TA1 1TA2
£170K05/210.15 mi14, Eastbourne Road, Taunton, Somerset TA1 1ST2
£195K08/230.15 mi14, Eastbourne Road, Taunton, Somerset TA1 1ST2
£152K06/210.15 mi6, Eastbourne Road, Taunton, Somerset TA1 1ST2
£150K12/200.15 mi44, Eastbourne Road, Taunton, Somerset TA1 1SU2
£176K11/200.15 mi42, Eastbourne Road, Taunton, Somerset TA1 1SU2
£183K04/210.15 mi37, Eastbourne Road, Taunton, Somerset TA1 1SU2
£215K12/220.15 mi16, Winters Field, Taunton, Somerset TA1 1PZ2
£212K08/230.16 mi51, Eastgate Gardens, Taunton, Somerset TA1 1RE2
£165K02/210.16 mi15, Winters Field, Taunton, Somerset TA1 1PY2
£212K10/230.18 mi3, Priory Park, Taunton, Somerset TA1 1PX2
£150K04/210.19 mi17, Wilfred Road, Taunton, Somerset TA1 1TB2
£190K08/210.22 mi9, Wilfred Road, Taunton, Somerset TA1 1TB2
£229K03/210.25 mi31, South Street, Taunton, Somerset TA1 3AA2
£255K06/230.25 mi31, South Street, Taunton, Somerset TA1 3AA2
£190K08/230.29 mi33, Mitre Court, Taunton, Somerset TA1 3ER2
£194K04/230.3 mi53, East Reach, Taunton, Somerset TA1 3EZ2
£241K06/230.32 mi13, Alfred Street, Taunton, Somerset TA1 3HU2
£275K01/230.32 mi4, Alma Street, Taunton, Somerset TA1 3AH2
£215K02/240.32 mi3, Gordon Road, Taunton, Somerset TA1 3AU2
£235K01/240.36 mi51, South Street, Taunton, Somerset TA1 3AE2
£191K02/210.36 mi55, South Street, Taunton, Somerset TA1 3AE2
£185K03/210.36 mi60, South Street, Taunton, Somerset TA1 3AF2
£170K02/210.36 mi25, St Margarets Court, Taunton, Somerset TA1 2UD2
£170K11/210.39 mi14, Blake Street, Taunton, Somerset TA1 3BE2
£168K01/210.39 mi120, Lambrook Road, Taunton, Somerset TA1 2AD2
£170K08/210.39 mi32, Grays Road, Taunton, Somerset TA1 3BB2
£208K01/230.39 mi24, Grays Road, Taunton, Somerset TA1 3BB2
£167K05/210.4 mi33, Viney Street, Taunton, Somerset TA1 3AY2
£187.5K03/210.4 mi10, Viney Street, Taunton, Somerset TA1 3AY2
£154K02/210.4 mi24, Grays Road, Taunton, Somerset TA1 3BB2
£215K07/230.4 mi14, Noble Street, Taunton, Somerset TA1 3BD2
£180K12/200.4 mi10, Noble Street, Taunton, Somerset TA1 3BD2
£178K02/210.4 mi15, Noble Street, Taunton, Somerset TA1 3BD2
£243.5K06/230.4 mi18, Wood Street, Taunton, Somerset TA1 1UN2
£182K03/210.4 mi55, Leycroft Road, Taunton, Somerset TA1 2ED2
£210K09/230.42 mi25, Albemarle Road, Taunton, Somerset TA1 1BB2
£187.5K11/230.42 mi33, Albemarle Road, Taunton, Somerset TA1 1BB2
£210K09/230.43 mi119, Eaton Crescent, Taunton, Somerset TA2 7UF2
£190K07/210.43 mi107, Eaton Crescent, Taunton, Somerset TA2 7UF2
£155K07/210.43 mi5, Whitehall, Taunton, Somerset TA1 1PG2
£135K09/230.44 mi10, Whitehall, Taunton, Somerset TA1 1PG2
£217.5K11/230.44 mi35, Greenbrook Terrace, Taunton, Somerset TA1 1UU2
£190K01/210.44 mi43, Greenbrook Terrace, Taunton, Somerset TA1 1UU2
£196K04/210.44 mi41, Greenbrook Terrace, Taunton, Somerset TA1 1UU2

Local Rents

35 rents from £850/mo to £2.7K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£95009/240.07 miTaunton2
£99509/240.09 miPriory Avenue, Taunton2
£85011/240.1 mi-2
£1,50009/240.11 mi-2
£1,70003/250.11 mi-2
£85009/240.12 miMiddle Street, Taunton, TA12
£1,10003/250.13 mi-2
£1,20009/240.15 mi-2
£1,20012/240.15 mi-2
£1,20009/240.15 miGloucester Street, TAUNTON2
£92509/240.16 miThe Octagon, Taunton, Somerset, TA12
£95009/240.2 miEast Reach, Taunton2
£1,00012/240.21 mi-2
£1,20009/240.23 mi-2
£1,55009/240.24 miCoal Orchard, TAUNTON2
£1,60009/240.26 miCoal Orchard, TAUNTON2
£1,10009/240.32 miFirepool View, TAUNTON2
£2,70009/240.37 mi-2
£2,70011/240.37 mi-2
£2,70002/250.37 mi-2
£2,70003/250.37 mi-2
£1,10009/240.37 mi-2
£2,70009/240.39 mi-2
£2,70012/240.39 mi-2
£2,70002/250.39 mi-2
£2,70003/250.39 mi-2
£95003/250.42 mi-2
£1,10009/240.49 mi-2
£89509/240.53 miUpper Wood Street, Taunton, TA12
£89509/240.54 mi-2
£90009/240.59 miMassingham Park, Taunton2
£90009/240.6 miNorth Taunton, Somerset2
£90009/240.6 miMassingham Park, Taunton2
£1,10009/240.61 miMassingham Park, TAUNTON2
£95009/240.61 miMassingham Park, Taunton2

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

0.24 miles away

Nearest school

0.10 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £200,000

March 3, 2025

Floor Plans

Description

  • Terrace +
  • Two Bedrooms +
  • Two Reception Rooms +
  • Courtyard Garden +
  • Some Modernisation Required +
  • Close To Town Centre +
  • No Onward Chain +

This two bedroom Victorian mid terrace home is set within close level walking distance of Taunton town centre and is offered to the market with vacant possession.

The property, which is part uPVC double glazed and heated via electric heating, would benefit from some modernisation however offering great scope to create a superb home.

Internally, a front door leads into entrance hall with door through to generous size open plan living/dining room. From the living/dining room, a door leads into a breakfast room and in turn through to a modern fitted kitchen. The kitchen comprises a range of wall and base units, roll edge work surfaces and tiled splashbacks, uPVC double glazed window to rear and side, space for a cooker, Velux window to rear and space for a tall fridge/freezer. From the kitchen, a door leads through to a lean-to with space for a washing machine and tumble drier. To the first floor are two bedrooms as well as a family bathroom and separate wc. The bathroom comprises of a coloured suite of wash hand basin set in a vanity unit, bath with tiled surround, walk-in shower with electric shower over. Externally, there is an enclosed courtyard garden.

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, electric heating.
Local Authority: Somerset Council, County Hall, The Crescent, Taunton, Somerset, TA1 4DY
Property Location: w3w.co/mutual.cones.silver
Council Tax Band: B
EPC: F
Broadband Availability: Ultrafast with up to 1800 Mbps download speed and 1000 Mbps upload speed.
Mobile Phone Coverage: Indoor-voice & data limited with EE, Three, O2 & Vodafone. Outdoor-voice & data likely with EE, Three, O2 & Vodafone.
Flood Risk: Rivers & Sea-very low. Surface water-very low.
Agents Note: Due to its current EPC rating, this property cannot be let.

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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