3 Bed House, Cash/Bridging Only, Taunton, TA4 1NU, £240,000

61 Burge Crescent, Cotford St Luke, TA4 1NU - 12 days ago

Cash
96 m²
+17 photos

ValuationFair Value

Sold Prices£182K - £375K
Sold Prices/m²£1.5K/m² - £4.9K/m²

 

 

Square Metres

96 m²
Price/m²£2.5K/m²

Value Estimate

£244,800

 

 

End Value (After Refurb)

£279,286

Uplift in Value

+16%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£13,200

Refurb Costs

£39,226

Bridging Loan Interest

£6,300

Total Cash In

£120,476

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£279,286

Mortgage (After Refinance)

£209,465

Mortgage LTV

75%

Cash Released

£29,465

Cash Left In

£91,011

Equity

£69,822

Rent Range

£875 - £1,800

Rent Estimate

£1,112

Running Costs/mo

£1,115

Cashflow/mo

£-3

Cashflow/yr

£-38

Gross Yield

6%

Local Sold Prices

50 sold prices from £182K to £375K, average is £240K. £1.5K/m² to £4.9K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£245K06/210 mi107, Burge Crescent, Cotford St Luke, Taunton, Somerset TA4 1NU3
£195K02/210 mi19, Burge Crescent, Cotford St Luke, Taunton, Somerset TA4 1NU3
£264.5K11/220 mi23, Burge Crescent, Cotford St Luke, Taunton, Somerset TA4 1NU3
£213K07/210.02 mi100, Burge Crescent, Cotford St Luke, Taunton, Somerset TA4 1PD3
£215K02/210.02 mi22, Burge Crescent, Cotford St Luke, Taunton, Somerset TA4 1PD3
£225K02/210.02 mi8, Burge Crescent, Cotford St Luke, Taunton, Somerset TA4 1PD3
£233K09/210.02 mi40, Burge Crescent, Cotford St Luke, Taunton, Somerset TA4 1PD3
£249K01/230.04 mi47, Burge Crescent, Cotford St Luke, Taunton, Somerset TA4 1NU3
£235K06/210.07 mi14, Merrifields, Cotford St Luke, Taunton, Somerset TA4 1PE3
£202K02/210.07 mi8, Merrifields, Cotford St Luke, Taunton, Somerset TA4 1PE3
£247K12/220.07 mi4, Merrifields, Cotford St Luke, Taunton, Somerset TA4 1PE3
£277.5K11/230.07 mi23, Merrifields, Cotford St Luke, Taunton, Somerset TA4 1PE3
£297K12/220.07 mi8, Merrifields, Cotford St Luke, Taunton, Somerset TA4 1PE3
£225K11/200.08 mi97, Burge Meadow, Cotford St Luke, Taunton, Somerset TA4 1QW3
£200K05/210.11 mi4, St Lukes Mews, Cotford St Luke, Taunton, Somerset TA4 1NT3
£280K11/220.12 mi36, Merrifields, Cotford St Luke, Taunton, Somerset TA4 1PE3
£258.8K11/230.14 mi57, Burge Meadow, Cotford St Luke, Taunton, Somerset TA4 1QN3
£224K11/200.14 mi5, Burge Meadow, Cotford St Luke, Taunton, Somerset TA4 1QN3
£250K10/230.14 mi99, Graham Way, Cotford St Luke, Taunton, Somerset TA4 1JG3
£258.5K11/210.14 mi5, Graham Way, Cotford St Luke, Taunton, Somerset TA4 1JG3
£245K03/210.14 mi62, Graham Way, Cotford St Luke, Taunton, Somerset TA4 1JG3
£260K11/230.14 mi5, Graham Way, Cotford St Luke, Taunton, Somerset TA4 1JG3
£182K03/210.14 mi2, Venn Close, Cotford St Luke, Taunton, Somerset TA4 1JQ3
£232K05/240.14 mi3, Venn Close, Cotford St Luke, Taunton, Somerset TA4 1JQ3
£200K02/210.14 mi12, Venn Close, Cotford St Luke, Taunton, Somerset TA4 1JQ3
£240K11/220.14 mi35, Venn Close, Cotford St Luke, Taunton, Somerset TA4 1JQ3
£225K02/240.14 mi34, Venn Close, Cotford St Luke, Taunton, Somerset TA4 1JQ3
£224.9K02/210.16 mi12, Manning Road, Cotford St Luke, Taunton, Somerset TA4 1NY3
£232.5K12/200.17 mi9, Needhams Patch, Cotford St Luke, Taunton, Somerset TA4 1JF3
£239.9K03/210.17 mi45, Needhams Patch, Cotford St Luke, Taunton, Somerset TA4 1JF3
£225K08/210.17 mi43, Needhams Patch, Cotford St Luke, Taunton, Somerset TA4 1JF3
£280K04/240.19 mi8, Stutts End, Cotford St Luke, Taunton, Somerset TA4 1NX3
£375K09/230.19 mi30, Stutts End, Cotford St Luke, Taunton, Somerset TA4 1NX3
£257.5K01/240.22 mi4, Grenville View, Cotford St Luke, Taunton, Somerset TA4 1JH3
£230K01/240.22 mi16, Grenville View, Cotford St Luke, Taunton, Somerset TA4 1JH3
£267.5K07/230.22 mi100, Graham Way, Cotford St Luke, Taunton, Somerset TA4 1HX3
£315K11/220.25 mi1, Rogers Walk, Cotford St Luke, Taunton, Somerset TA4 1HY3
£242K12/230.25 mi34, Rogers Walk, Cotford St Luke, Taunton, Somerset TA4 1HY3
£285K09/230.3 mi56, Baileys Gate, Cotford St Luke, Taunton, Somerset TA4 1JE3
£265K12/230.3 mi10, Baileys Gate, Cotford St Luke, Taunton, Somerset TA4 1JE3
£245K04/230.3 mi5, Baileys Gate, Cotford St Luke, Taunton, Somerset TA4 1JE3
£225K10/200.3 mi55, Baileys Gate, Cotford St Luke, Taunton, Somerset TA4 1JE3
£255K09/230.3 mi3, Baileys Gate, Cotford St Luke, Taunton, Somerset TA4 1JE3
£250K07/230.32 mi9, Nichol Place, Cotford St Luke, Taunton, Somerset TA4 1JD3
£214.5K08/230.32 mi33, Nichol Place, Cotford St Luke, Taunton, Somerset TA4 1JD3
£218K11/200.32 mi25, Nichol Place, Cotford St Luke, Taunton, Somerset TA4 1JD3
£235K05/230.32 mi30, Nichol Place, Cotford St Luke, Taunton, Somerset TA4 1JD3
£250K10/230.32 mi27, Nichol Place, Cotford St Luke, Taunton, Somerset TA4 1JD3
£235K11/220.32 mi41, Nichol Place, Cotford St Luke, Taunton, Somerset TA4 1JD3
£215K09/230.32 mi21, Nichol Place, Cotford St Luke, Taunton, Somerset TA4 1JD3

Local Rents

31 rents from £875/mo to £1.8K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,37509/240.02 miBurge Crescent, Cotford St. Luke, TAUNTON3
£1,20009/240.03 miCotford St. Luke3
£92509/240.07 miMerrifields, Cotford St. Luke, 2
£98010/230.09 mi-2
£1,20009/240.11 miSt. Lukes Mews, TA43
£95009/240.14 miGraham Way, Cotford St. Luke, TAUNTON2
£1,19509/240.14 mi-3
£92509/240.19 miCotford St Luke 2
£1,65007/230.3 mi-4
£87509/240.31 miPark View, Cotford St Luke. TA42
£1,80009/240.68 miCotford St Luke, Taunton2
£1,25009/240.92 miHeathfiled Court TA42
£1,25009/240.99 miMill Lane, Bishops Lydeard3
£1,30009/241.4 miChurch Street, Bishops Lydeard, Taunton, TA43
£1,00009/241.86 mi-3
£1,20011/241.88 mi-4
£1,00011/241.88 mi-2
£90009/242.07 miMarshall Court, Norton Fitzwarren, Somerset2
£92509/242.16 mi-2
£92509/242.16 mi-2
£92507/242.16 mi-2
£1,05009/242.19 miHele Manor Barns, Taunton, TA43
£95001/242.21 mi-2
£95012/232.21 mi-2
£1,30009/242.23 miHele Manor Barns, Hele, Taunton, TA43
£1,10009/242.24 miMorse Road, Norton Fitzwarren, Taunton2
£99509/242.25 miHele Manor Barns, Hele, Taunton, TA42
£98509/242.26 miMorse Road, Norton Fitzwarren, Taunton1
£1,10001/242.27 mi-2
£1,10002/252.44 mi-2
£99002/242.44 mi-2

Local Area Statistics

Population in TA4

19,149

Population in Taunton

85,088

Town centre distance

4.45 miles away

Nearest school

0.30 miles away

Nearest train station

4.03 miles away

 

 

Rental growth (12m)

-1%

Sales demand

Buyer's market

Capital growth (5yrs)

+13%

Property History

Listed for £240,000

March 19, 2025

Floor Plans

Description

  • Three Bedrooms +
  • uPVC Double Glazing +
  • Gas Fired Central Heating +
  • Popular Village Location +
  • Single Garage +
  • No Onward Chain +

Situated in the popular village of Cotford St Luke and believed to have been constructed in circa 2005 by Messrs Bryant Homes to their popular Hamborough design, is this three bedroom family home.

The property, which is offered to the market with vacant possession, benefits from uPVC double glazing and mains gas fired central heating and is further enhanced by a enclosed garden and single garage alongside.

Internally, a front door leads into entrance hall with cloakroom off. A sitting room is found at the rear of the property and has French doors leading out into the garden. There is a separate dining room with bay window to front and access through to a modern fitted kitchen. The kitchen is fitted with a range of matching wall and base units, roll edge work surfaces and tiled splashbacks with integrated stainless steel oven, gas hob and extractor fan over. There is a concealed wall mounted Vaillant gas boiler and access to the rear. To the first floor are three bedrooms, all with built-in wardrobes. Bedroom one also benefits from an en-suite shower room which comprises of wc, wash hand basin, walk-in shower with tiled surround and shower over. A family bathroom completes the accommodation and comprises of wc, wash hand basin, bath with tiled surround and electric shower over. Externally, there is an enclosed rear garden with gated rear access, as well as a single garage with up-and-over door, electric, power and lighting alongside.

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/squaring.replaying.juggler
Council Tax Band: C
EPC: C
Broadband Availability: Ultrafast with up to 1800 Mbps download speed and 900 Mbps upload speed.
Mobile Phone Coverage: Indoor-limited voice & data with Three. Outdoor-voice & data likely with EE, Three, O2 & Vodafone.

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.
Flood Risk: Rivers & Sea-very low. Surface water-very low.

Agent Details

Wilkie May & Tuckwood, Taunton

01823 212604

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