2 Bed Semi-Detached House, Refurb/BRRR, Taunton, TA1 2DG, £140,000

Crossway, Taunton, TA1 2DG - 2 views - 17 days ago

Auction
Refurb/BRRR
Planning
ROI: 17%
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£125K - £293K
Sold Prices/m²£1.9K/m² - £5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£144,200
BMV3%

 

 

End Value (After Refurb)

£170,002

Uplift in Value

+21%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,200

Refurb Costs

£27,698

Bridging Loan Interest

£3,675

Total Cash In

£76,323

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£170,002

Mortgage (After Refinance)

£127,502

Mortgage LTV

75%

Cash Released

£22,502

Cash Left In

£53,822

Equity

£42,501

Rent Range

£900 - £2,700

Rent Estimate

£2,027

Running Costs/mo

£957

Cashflow/mo

£1,070

Cashflow/yr

£12,844

ROI

17%

Gross Yield

17%

Local Sold Prices

51 sold prices from £125K to £293K, average is £183K. £1.9K/m² to £5K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£150K07/210.08 mi66, Roman Road, Taunton, Somerset TA1 2BQ2
£166K02/230.08 mi66, Roman Road, Taunton, Somerset TA1 2BQ2
£160K03/210.13 mi36, Roman Road, Taunton, Somerset TA1 2BG2
£180K05/230.16 mi71, Outer Circle, Taunton, Somerset TA1 2BT2
£175K08/230.16 mi87, Outer Circle, Taunton, Somerset TA1 2BT2
£160K12/230.16 mi81, Outer Circle, Taunton, Somerset TA1 2BT2
£165K08/210.16 mi6, Inner Circle, Taunton, Somerset TA1 2BW2
£197K07/230.26 mi11, Wheatley Crescent, Taunton, Somerset TA1 2AT2
£220K05/230.28 mi52, Bridgwater Road, Taunton, Somerset TA1 2DY2
£215K12/230.33 mi43, Avill Crescent, Taunton, Somerset TA1 2PL2
£215K12/230.33 mi43, Avill Crescent, Taunton, Somerset TA1 2PL2
£220K01/240.37 mi113, Thames Drive, Taunton, Somerset TA1 2TE2
£125K10/200.37 mi19, Hamilton Road, Taunton, Somerset TA1 2EQ2
£182K03/210.4 mi55, Leycroft Road, Taunton, Somerset TA1 2ED2
£168K01/210.4 mi120, Lambrook Road, Taunton, Somerset TA1 2AD2
£205K01/230.43 mi18, Wordsworth Drive, Taunton, Somerset TA1 2HW2
£170K02/210.43 mi25, St Margarets Court, Taunton, Somerset TA1 2UD2
£196.5K04/230.44 mi8, Semington Close, Taunton, Somerset TA1 2TF2
£160K09/230.44 mi9, Semington Close, Taunton, Somerset TA1 2TF2
£240K08/230.46 mi11, Severn Drive, Taunton, Somerset TA1 2PN2
£215K06/210.47 mi7, Raps Green, Taunton, Somerset TA1 2UT2
£183K03/230.47 mi24, Wordsworth Drive, Taunton, Somerset TA1 2HW2
£170K08/210.5 mi24, Brooke Road, Taunton, Somerset TA1 2HP2
£181K10/230.5 mi47, Allington Close, Taunton, Somerset TA1 2NA2
£241K06/230.51 mi13, Alfred Street, Taunton, Somerset TA1 3HU2
£183K01/210.51 mi24, Lisieux Way, Taunton, Somerset TA1 2JZ2
£184K12/230.51 mi19, Trent Meadow, Taunton, Somerset TA1 2NP2
£185K01/240.51 mi23, Trent Meadow, Taunton, Somerset TA1 2NP2
£170K11/210.52 mi14, Blake Street, Taunton, Somerset TA1 3BE2
£215K09/210.52 mi8, Raps Close, Taunton, Somerset TA1 2UY2
£180K12/200.52 mi10, Noble Street, Taunton, Somerset TA1 3BD2
£178K02/210.52 mi15, Noble Street, Taunton, Somerset TA1 3BD2
£215K07/230.52 mi14, Noble Street, Taunton, Somerset TA1 3BD2
£250K07/210.53 mi5, Raps Close, Taunton, Somerset TA1 2UY2
£173K04/210.53 mi3, Banwell Close, Taunton, Somerset TA1 2NN2
£220K05/230.53 mi2, Banwell Close, Taunton, Somerset TA1 2NN2
£166.5K04/210.55 mi38, Allington Close, Taunton, Somerset TA1 2NE2
£152K05/210.55 mi88, Allington Close, Taunton, Somerset TA1 2NE2
£188K06/210.55 mi58, Allington Close, Taunton, Somerset TA1 2NE2
£200K11/230.55 mi36, Allington Close, Taunton, Somerset TA1 2NE2
£205K05/230.55 mi7, Welland Close, Taunton, Somerset TA1 2NW2
£293K01/230.55 mi71, Parmin Way, Taunton, Somerset TA1 2JX2
£221K05/240.55 mi69, Parmin Way, Taunton, Somerset TA1 2JX2
£190K08/230.55 mi33, Mitre Court, Taunton, Somerset TA1 3ER2
£154K02/210.57 mi24, Grays Road, Taunton, Somerset TA1 3BB2
£208K01/230.57 mi24, Grays Road, Taunton, Somerset TA1 3BB2
£170K08/210.57 mi32, Grays Road, Taunton, Somerset TA1 3BB2
£192.5K01/230.58 mi14, Amber Mead, Taunton, Somerset TA1 2RY2
£194K04/230.58 mi53, East Reach, Taunton, Somerset TA1 3EZ2
£181K10/200.59 mi24, Waverney Close, Taunton, Somerset TA1 2RD2
£175K02/210.59 mi6, Waverney Close, Taunton, Somerset TA1 2RD2

Local Rents

13 rents from £900/mo to £2.7K/mo, average is £2.7K/mo.

RentDateDistanceAddressBeds 
£2,70009/240.41 mi-2
£2,70012/240.41 mi-2
£2,70002/250.41 mi-2
£2,70003/250.41 mi-2
£2,70009/240.43 mi-2
£2,70011/240.43 mi-2
£2,70002/250.43 mi-2
£2,70003/250.43 mi-2
£1,05003/250.56 mi-2
£99509/240.61 miBowmont Grove, Taunton2
£90009/240.61 miMassingham Park, Taunton2
£90009/240.61 miNorth Taunton, Somerset2
£90009/240.61 miMassingham Park, Taunton2

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

0.93 miles away

Nearest school

0.10 miles away

Nearest train station

1.06 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £140,000

March 18, 2025

Floor Plans

Description

  • Being Sold By GOTO Online Auction +
  • Buyer’S Fees Apply +
  • Buy-It-Now Option Available +
  • Two Spacious Bedrooms +
  • Semi Detached Home +
  • Off Road Parking +
  • Large Living Area With Bay Window +
  • Private Rear Garden +
  • Easy Access To Local Amenities +
  • Requires Modernisation Throughout +

The Property
Being Sold by GOTO Online Auction

Starting Bids from £140,000

Buy it now option available

Please call or visit Purplebricks Online Auctions for more information.

This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract has been received by the buyer’s solicitor (or 10 working days after receipt of the buyer’s premium, whichever is earlier). Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable reservation fee called a Buyer’s Premium. This secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.

Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by GOTO Auctions.

To book a viewing visit PurpleBricks.

General Information
Auctioneer's Comments

This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be arranged.

The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from our website or requested from our Auction Department.

Buyer Fees

• Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer’s Premium of 3.6% of the purchase price including VAT (this is subject to a minimum amount of £6,600 including VAT) and a Legal Pack fee of £396 including VAT. This secures the transaction and takes the property off the market.

• Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland.

View Of The Property
This spacious two-bedroom semi-detached property offers a fantastic chance to create your dream home. Situated on Crossway, this residence presents an ideal opportunity for first-time buyers, couples, or savvy investors seeking a project with significant potential. While requiring modernisation throughout, the property boasts generous room sizes and a layout ripe for transformation.

Step inside to discover a spacious living area, bathed in natural light from the bay window, creating a bright and airy space. The kitchen provides a functional foundation, ready for a contemporary upgrade. An inner hallway, complete with stairs to the first floor and convenient under-stairs storage, leads to a conservatory at the rear. This sun-drenched space seamlessly connects the indoors with the expansive garden, offering a perfect setting for relaxation or entertaining or potential to extend, subject to obtain the correct planning consent.

Ascend the stairs to find two well-proportioned double bedrooms. The master bedroom, mirroring the living area below, features a captivating bay window, offering a pleasant street view and enhancing the room's spacious feel. A practical shower room completes the first-floor accommodation.

One of the property's standout features is its exceptionally large garden, providing ample space for outdoor activities, gardening enthusiasts, or future extensions (subject to planning permissions). Furthermore, a private driveway offers valuable off-road parking, a sought-after amenity in the area.

This property represents a blank canvas, allowing you to infuse your personal style and create a bespoke living space. With its generous proportions, central location, and potential for improvement, this semi-detached house on Crossway is a must-see for those looking to invest in a property with genuine potential.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Taunton

020 3840 3858

Next Steps?

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