3 Bed Detached House, Cash/Bridging Only, Taunton, TA1 4JG, £360,000

29 Claremont Drive, Taunton, TA1 4JG - 2 months ago

Cash
ROI: 1%
~93 m²
+16 photos

ValuationOvervalued

Sold Prices£150K - £463K
Sold Prices/m²£1.3K/m² - £9K/m²

 

 

Square Metres

~93 m²
Price/m²£3.9K/m²

Value Estimate

£300,190

 

 

End Value (After Refurb)

£350,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£90,000

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£37,820

Bridging Loan Interest

£9,450

Total Cash In

£163,720

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£350,000

Mortgage (After Refinance)

£262,500

Mortgage LTV

75%

Cash Left In

£163,720

Equity

£87,500

Rent Range

£1,250 - £1,950

Rent Estimate

£1,545

Running Costs/mo

£1,423

Cashflow/mo

£122

Cashflow/yr

£1,467

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £150K to £463K, average is £272.5K. £1.3K/m² to £9K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£222K11/200.05 mi14, Suffolk Crescent, Taunton, Somerset TA1 4JN3
£290K01/240.06 mi53, Claremont Drive, Taunton, Somerset TA1 4JQ3
£320K02/230.08 mi34, Gill Crescent, Taunton, Somerset TA1 4NR3
£235K03/210.08 mi32, Gill Crescent, Taunton, Somerset TA1 4NR3
£250K08/210.11 mi59, Gill Crescent, Taunton, Somerset TA1 4NS3
£219K03/210.11 mi45, Gill Crescent, Taunton, Somerset TA1 4NS3
£206K05/210.11 mi9, Bartlett Close, Taunton, Somerset TA1 4NZ3
£275K07/230.11 mi1, Bowfell Close, Taunton, Somerset TA1 4JP3
£265K02/230.12 mi8, Pinney Close, Taunton, Somerset TA1 4NW3
£240K02/210.12 mi18, Pinney Close, Taunton, Somerset TA1 4NW3
£240K10/230.12 mi14, Pinney Close, Taunton, Somerset TA1 4NW3
£350K07/210.13 mi65, Claremont Drive, Taunton, Somerset TA1 4JH3
£320K07/230.14 mi1, Alston Close, Taunton, Somerset TA1 4LR3
£295K01/210.14 mi2, Alston Close, Taunton, Somerset TA1 4LR3
£307.5K05/230.15 mi37, Galmington Drive, Taunton, Somerset TA1 5AQ3
£294K10/210.18 mi9, Buces Road, Taunton, Somerset TA1 4NG3
£349.9K01/240.18 mi1, Langham Drive, Taunton, Somerset TA1 4LJ3
£290K05/230.18 mi39, Newbarn Park Road, Taunton, Somerset TA1 4NF3
£277.5K11/230.18 mi64, Newbarn Park Road, Taunton, Somerset TA1 4NF3
£270K03/230.21 mi6, Newbarn Park Road, Taunton, Somerset TA1 4NA3
£335K05/230.22 mi2, Pembroke Close, Taunton, Somerset TA1 4LS3
£240K03/210.23 mi40, Denning Close, Taunton, Somerset TA1 4NN3
£255K02/240.25 mi14, Statham Close, Taunton, Somerset TA1 5AF3
£175K11/200.25 mi23, Fivash Close, Taunton, Somerset TA1 4YF3
£360K04/230.25 mi32, Comeytrowe Lane, Taunton, Somerset TA1 5HY3
£290K09/210.25 mi51, Upcot Crescent, Taunton, Somerset TA1 5PJ3
£245K01/230.25 mi29, Fivash Close, Taunton, Somerset TA1 4YF3
£275K02/230.25 mi6, Fivash Close, Taunton, Somerset TA1 4YF3
£224K12/200.25 mi8, Fivash Close, Taunton, Somerset TA1 4YF3
£258K01/240.25 mi18, Wesley Close, Taunton, Somerset TA1 4YA3
£252.5K03/210.25 mi137, Queensway, Taunton, Somerset TA1 5QT3
£337.5K06/230.27 mi14, Somerset Avenue, Taunton, Somerset TA1 5HU3
£292.5K03/230.28 mi12, Upcot Crescent, Taunton, Somerset TA1 5PH3
£265K11/220.29 mi3, Comeytrowe Road, Taunton, Somerset TA4 1EG3
£210K12/230.3 mi5, Deane Drive, Taunton, Somerset TA1 5PE3
£220K02/210.3 mi7, Burchs Close, Taunton, Somerset TA1 4TR3
£334K07/230.31 mi7, Chilliswood Crescent, Taunton, Somerset TA1 5PL3
£255K02/210.31 mi7, Chilliswood Crescent, Taunton, Somerset TA1 5PL3
£250K09/230.31 mi6, Galmington Lane, Taunton, Somerset TA1 5DQ3
£195K05/230.32 mi25, Bradford Close, Taunton, Somerset TA1 4YH3
£285K08/210.33 mi44, Deane Drive, Taunton, Somerset TA1 5PG3
£180.5K05/210.36 mi15, Ashford Road, Taunton, Somerset TA1 5DH3
£150K06/210.37 mi128, Galmington Road, Taunton, Somerset TA1 5DW3
£290K06/210.39 mi72, Deane Drive, Taunton, Somerset TA1 5PR3
£215K03/210.4 mi14, Belmont Road, Taunton, Somerset TA1 5NS3
£380K04/230.42 mi39, Longmead Way, Taunton, Somerset TA1 4TB3
£420K01/230.43 mi19, Hoveland Lane, Taunton, Somerset TA1 5DD3
£440K11/220.44 mi2, New Road, Trull, Taunton, Somerset TA3 7NJ3
£463K07/230.44 miKantara, Comeytrowe Lane, Taunton, Somerset TA1 5JB3
£380K11/210.46 mi5, Highfield, Taunton, Somerset TA1 5JE3

Local Rents

12 rents from £1.3K/mo to £1.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,30009/240.13 mi-3
£1,30006/240.28 mi-3
£1,35009/240.32 miBradford Close, Taunton, Somerset, TA13
£1,75009/240.56 miManor Orchard, Taunton, TA13
£1,50009/240.7 miTaunton, TA13
£1,25005/240.71 mi-3
£1,90011/240.72 mi-3
£1,70004/250.72 mi-3
£1,40010/240.79 mi-3
£1,47504/250.79 mi-3
£1,75009/240.82 miPikes Crescent, Taunton, TA13
£1,95012/240.88 mi-3

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

1.43 miles away

Nearest school

0.30 miles away

Nearest train station

1.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £360,000

March 14, 2025

Floor Plans

Description

  • Detached +
  • Three Bedrooms +
  • Sought After Residential Location +
  • Double Glazing +
  • Gas Fired Central Heating +
  • Potential To Extend Subject To Necessary Consents +

The property is ideally situated within easy reach of renowned primary and secondary schools, as well as Musgrove Park Hospital, and a range of local amenities at the Comeytrowe Centre.

Internally, a front door leads into entrance porch with further door through to wide entrance hall where a staircase rises to the first floor. There is a generous size living/dining room with sliding patio doors to the garden. A separate kitchen is fitted with a range of matching wall and base units, roll edge work surfaces with space for a cooker. There is a utility room off the kitchen with a doorway to the side, space for a tall fridge/freezer and a washing machine. To the first floor are three bedrooms (bedroom one with fitted wardrobes). A family bathroom completes the accommodation and comprises of wc, wash hand basin, bath with tiled surround and shower over. Externally, the property is set in front and rear gardens with gated side access. The front of the property is approached via a tarmac drive giving off-road parking for two vehicles and leads to a single garage with up-and-over door. The front garden is laid to well tended lawn. The rear garden is enclosed on all sides with lawn and mature shrub borders.

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/serve.dined.values
Council Tax Band: D
EPC: D
Broadband Availability: Superfast with up to 168 Mbps download speed and 23 Mbps upload speed.
Mobile Phone Coverage: Indoor-limited voice & data with EE & Vodafone. Outdoor-voice & data likely with EE, Three, O2 & Vodafone.
Flood Risk: Rivers & Sea-very low. Surface water-very low.

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 March 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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