3 Bed Semi-Detached House, Refurb/BRRR, Taunton, TA2 7QJ, £270,000

Obridge Close, TAUNTON, TA2 7QJ - 2 views - a month ago

Auction
Refurb/BRRR
Planning
ROI: 9%
~93 m²
+13 photos

ValuationOvervalued

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

 

 

Square Metres

~93 m²
Price/m²£2.9K/m²

Value Estimate

£221,131

 

 

End Value (After Refurb)

£258,821

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£15,700

Refurb Costs

£37,820

Bridging Loan Interest

£7,088

Total Cash In

£129,858

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£258,821

Mortgage (After Refinance)

£194,116

Mortgage LTV

75%

Cash Left In

£129,858

Equity

£64,705

Rent Range

£1,150 - £2,950

Rent Estimate

£2,313

Running Costs/mo

£1,291

Cashflow/mo

£1,022

Cashflow/yr

£12,259

ROI

9%

Gross Yield

10%

Local Sold Prices

52 sold prices from £150K to £375K, average is £230K. £1.7K/m² to £4.2K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£316K09/230.06 mi165, Eaton Crescent, Taunton, Somerset TA2 7UF3
£300K12/230.06 mi155, Eaton Crescent, Taunton, Somerset TA2 7UF3
£236.5K06/230.07 mi13, Obridge Crescent, Taunton, Somerset TA2 7PZ3
£255K08/230.08 mi15, Obridge Road, Taunton, Somerset TA2 7PX3
£255K05/240.12 mi123, Firepool View, Taunton, Somerset TA1 1NY3
£245K08/210.12 mi75, Eaton Crescent, Taunton, Somerset TA2 7UE3
£280K03/240.12 mi75, Eaton Crescent, Taunton, Somerset TA2 7UE3
£282.5K12/200.12 mi89, Firepool View, Taunton, Somerset TA1 1NY3
£255K05/210.15 mi31, Lansdowne Road, Taunton, Somerset TA2 7QB3
£227.5K03/240.15 mi10, Lansdowne Road, Taunton, Somerset TA2 7QB3
£318K08/230.15 mi32, Draycott Avenue, Taunton, Somerset TA2 7QF3
£225K09/230.16 mi43, Compton Close, Taunton, Somerset TA2 7UD3
£375K01/210.19 mi45, Draycott Avenue, Taunton, Somerset TA2 7QG3
£250K05/210.19 mi106, Priorswood Road, Taunton, Somerset TA2 7QQ3
£300K07/230.19 mi118, Priorswood Road, Taunton, Somerset TA2 7QQ3
£300K07/230.19 mi118, Priorswood Road, Taunton, Somerset TA2 7QQ3
£222K10/200.19 mi91, Priorswood Road, Taunton, Somerset TA2 7PT3
£240K03/210.19 mi97, Priorswood Road, Taunton, Somerset TA2 7PT3
£239.9K10/210.2 mi39, Priorswood Road, Taunton, Somerset TA2 7PS3
£239.9K10/210.21 mi39, Priorswood Road, Taunton, Somerset TA2 7PS3
£230K09/210.21 mi118, Priorswood Road, Taunton, Somerset TA2 7QQ3
£191K06/210.21 mi67, Massingham Park, Taunton, Somerset TA2 7TG3
£265K01/230.21 mi1, Massingham Park, Taunton, Somerset TA2 7TG3
£201K07/210.24 mi13, Grange Drive, Taunton, Somerset TA2 7DY3
£185K04/210.24 mi15, Grange Drive, Taunton, Somerset TA2 7DY3
£255K04/240.25 mi4, Priory Park, Taunton, Somerset TA1 1PX3
£193K03/210.27 mi77, Winters Field, Taunton, Somerset TA1 1PY3
£205K05/210.27 mi19, Winters Field, Taunton, Somerset TA1 1PY3
£270K04/230.35 mi122, Priory Avenue, Taunton, Somerset TA1 1YB3
£200K02/210.35 mi59, Priory Avenue, Taunton, Somerset TA1 1XZ3
£206K04/210.36 mi87, St Augustine Street, Taunton, Somerset TA1 1QL3
£205K11/210.36 mi79, St Augustine Street, Taunton, Somerset TA1 1QL3
£257.5K07/230.36 mi109, St Augustine Street, Taunton, Somerset TA1 1QL3
£170K11/200.36 mi99, Winchester Street, Taunton, Somerset TA1 1QE3
£185K01/210.36 mi88, Winchester Street, Taunton, Somerset TA1 1QE3
£230K12/230.37 mi9, Monks Close, Taunton, Somerset TA1 2AW3
£185K06/210.4 mi37, Portman Street, Taunton, Somerset TA2 7BT3
£190K07/230.4 mi43, Portman Street, Taunton, Somerset TA2 7BT3
£182K10/200.42 mi9, Barlinch Close, Taunton, Somerset TA2 7HL3
£202K06/210.42 mi15, Lyngford Square, Taunton, Somerset TA2 7ES3
£190.8K10/200.43 mi39, Wedlands, Taunton, Somerset TA2 7AB3
£205K12/230.43 mi35, George Street, Taunton, Somerset TA2 7DF3
£210K12/220.43 mi133, Wedlands, Taunton, Somerset TA2 7AD3
£150K12/200.43 mi53, St Augustine Street, Taunton, Somerset TA1 1QH3
£150K02/210.43 mi71, St Augustine Street, Taunton, Somerset TA1 1QH3
£223K09/210.43 mi66, St Augustine Street, Taunton, Somerset TA1 1QH3
£210K08/230.43 mi31, St Augustine Street, Taunton, Somerset TA1 1QH3
£235K11/200.43 mi23, Vera Street, Taunton, Somerset TA2 7DJ3
£280K07/230.43 mi31, Vera Street, Taunton, Somerset TA2 7DJ3
£280K07/230.43 mi31, Vera Street, Taunton, Somerset TA2 7DJ3
£205K11/230.44 mi44, Winchester Street, Taunton, Somerset TA1 1QG3
£240K08/230.45 mi141, Lyngford Square, Taunton, Somerset TA2 7EY3

Local Rents

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

RentDateDistanceAddressBeds 
£1,30009/240.11 miEaton Crescent, Taunton3
£2,95002/240.14 mi-3
£2,95009/240.14 mi-3
£2,95009/240.14 mi-3
£2,95009/240.14 mi-3
£2,95009/240.14 mi-3
£2,95007/240.14 mi-3
£2,95008/240.14 mi-3
£2,95002/250.14 mi-3
£2,95003/250.14 mi-3
£1,30009/240.14 miFirepool Crescent, Taunton3
£1,30009/240.14 miFirepool Crescent, Taunton3
£1,25002/250.33 mi-3
£1,25009/240.45 mi-3
£2,70009/240.46 mi-3
£2,70012/240.46 mi-3
£2,70002/250.46 mi-3
£2,70003/250.46 mi-3
£1,35010/240.52 mi-3
£1,15009/240.61 miBeadon Road, TAUNTON3

Local Area Statistics

Population in TA2

26,588

Population in Taunton

85,088

Town centre distance

0.67 miles away

Nearest school

0.30 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £270,000

March 12, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • NO CHAIN! +
  • Quiet Cul-De-Sac Location +
  • In-Need Of Modernisation Throughout +
  • Garage And Ample Driveway +
  • Close Proximity To Taunton Train Station +

SUMMARY
A THREE-BEDROOM, family home in-need of modernisation throughout. Nestled in a quiet CUL-DE-SAC in the heart of Taunton, this property is THE PERFECT BLANK CANVASS for any buyer looking to put their own stamp on a home. What's more, the property is offered to the market with NO CHAIN.

DESCRIPTION
.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Entrance Hall 
Tiled flooring. Frosted double glazed window. Radiator.

W.C 
Tiled flooring. Frosted double glazed window. WC. Washbasin with storage.

Utility Room 7' 7" + Door Recess x 7' 1" ( 2.31m + Door Recess x 2.16m )
Tiled flooring. Double glazed window. Radiator. Door leading into the rear garden. Space for white goods under the countertop.

Lounge 23' 1" + Door Recess x 11' 7" ( 7.04m + Door Recess x 3.53m )
Carpet. Double glazed window. Two radiators. Stairs rising to the first floor. Double glazed French doors leading into the conservatory.

Kitchen 9' 11" x 7' 10" ( 3.02m x 2.39m )
Tiled flooring. Double glazed window. Wall and base kitchen units. Space for cooker. Space for free-standing fridge-freezer.

Conservatory 20' 5" x 9' + Door Recess ( 6.22m x 2.74m + Door Recess )
Laminate flooring. Double glazed throughout. Radiator. Double glazed French doors leading into the rear garden.

Landing 
Carpet. Airing cupboard. Attic access.

Bedroom 1 14' 3" Into Wardrobe x 9' 7" ( 4.34m Into Wardrobe x 2.92m )
Carpet. Double glazed window. Radiator. Fitted wardrobe. Dressing room and ensuite bathroom.

Ensuite Bathroom 
Carpet. Part-tiled walls. Heated towel rail. WC. Washbasin. Shower cubicle.

Dressing Room 7' 1" + Door Recess x 5' ( 2.16m + Door Recess x 1.52m )
Carpet. Double glazed window.

Bedroom 2 16' 8" x 13' 1" ( 5.08m x 3.99m )
Carpet. Two, double glazed windows. Two radiators. Washbasin. Storage cupboard.

Bedroom 3 9' 11" x 7' 11" ( 3.02m x 2.41m )
Carpet. Double glazed window. Radiator.

Family Bathroom 
Carpet. Frosted double glazed window. Radiator. WC. Washbasin. Bath. Shower cubicle.

Attic Space 
Light and ladder fitted. Boarded. Insulated.

Garage 17' 4" x 8' ( 5.28m x 2.44m )
Integrated garage. Electric door. Lighting fitted. Boiler.

Rear Garden 
Laid to lawn. Patio area. Shed. Greenhouse. Side gate access.

Parking 
Driveway parking suitable for four vehicles.

Agents Note: 
The vendor built a two storey extension in approximately 2004. The relevant planning permission was obtained.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Fox & Sons, Taunton

01823 211790

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