4 Bed Detached House, Cash/Bridging Only, Taunton, TA1 3FW, £450,000

1 Bishops Close, Killams Park, Taunton, TA1 3FW - a month ago

Cash
~129 m²
+18 photos

ValuationOvervalued

Sold Prices£265K - £695K
Sold Prices/m²£2K/m² - £4.9K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.5K/m²

Value Estimate

£387,440

 

 

End Value (After Refurb)

£450,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£36,200

Refurb Costs

£52,565

Bridging Loan Interest

£11,813

Total Cash In

£214,827

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£450,000

Mortgage (After Refinance)

£337,500

Mortgage LTV

75%

Cash Left In

£214,827

Equity

£112,500

Rent Range

£1,200 - £1,950

Rent Estimate

£1,499

Running Costs/mo

£1,726

Cashflow/mo

£-227

Cashflow/yr

£-2,725

Gross Yield

4%

Local Sold Prices

50 sold prices from £265K to £695K, average is £389.5K. £2K/m² to £4.9K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£430K06/210.11 mi25, Kingsway, Taunton, Somerset TA1 3YD4
£360K06/210.11 mi24, Kingsway, Taunton, Somerset TA1 3YD4
£426K10/230.19 mi26, Killams Crescent, Taunton, Somerset TA1 3YB4
£590K09/210.2 mi59, Mountfields Avenue, Taunton, Somerset TA1 3BW4
£395K10/230.27 mi56, Mountfields Road, Taunton, Somerset TA1 3BJ4
£560K01/230.29 mi43, Killams Green, Taunton, Somerset TA1 3YQ4
£555K08/230.29 mi53, Killams Green, Taunton, Somerset TA1 3YQ4
£502.5K03/230.29 mi9, Killams Green, Taunton, Somerset TA1 3YQ4
£315K02/210.3 mi25, Shoreditch Road, Taunton, Somerset TA1 3BU4
£450K03/210.3 mi3, Killams Close, Taunton, Somerset TA1 3LD4
£545K05/230.3 mi14, Shoreditch Road, Taunton, Somerset TA1 3BU4
£467.5K12/220.31 mi33, Calway Road, Taunton, Somerset TA1 3EG4
£330K12/220.31 mi50, Bilberry Grove, Taunton, Somerset TA1 3XN4
£315K09/210.33 mi88, Bilberry Grove, Taunton, Somerset TA1 3XN4
£415K12/200.34 mi4, Calway Road, Taunton, Somerset TA1 3EQ4
£385K06/210.35 mi6, Harp Chase, Taunton, Somerset TA1 3RY4
£360K09/210.35 mi10, Mountfields Road, Taunton, Somerset TA1 3BQ4
£412K02/230.37 mi21, Harp Chase, Taunton, Somerset TA1 3RY4
£285K12/200.38 mi12, Celandine Mead, Taunton, Somerset TA1 3XF4
£272.5K11/230.42 mi2, Larkspur Close, Taunton, Somerset TA1 3XA4
£370K04/230.42 mi8, Celandine Mead, Taunton, Somerset TA1 3XF4
£320K08/210.46 mi8, Sundew Close, Taunton, Somerset TA1 3XH4
£367K04/210.46 mi3, Sundew Close, Taunton, Somerset TA1 3XH4
£695K03/210.47 mi113, South Road, Taunton, Somerset TA1 3EA4
£265K12/200.47 mi40, Woodrush Close, Taunton, Somerset TA1 3XB4
£285K06/230.5 mi23, Campion Drive, Taunton, Somerset TA1 3XE4
£394K08/230.5 mi12, Campion Drive, Taunton, Somerset TA1 3XE4
£328K12/200.5 mi14, Campion Drive, Taunton, Somerset TA1 3XE4
£385K05/230.52 mi5, Dowsland Way, Taunton, Somerset TA1 3XG4
£323K03/210.52 mi24, Bluebell Close, Taunton, Somerset TA1 3XQ4
£385K09/230.52 mi14, Bluebell Close, Taunton, Somerset TA1 3XQ4
£380K12/200.54 mi84, Stoke Road, Taunton, Somerset TA1 3EL4
£415K09/230.65 mi17, Fields End, Taunton, Somerset TA1 2LU4
£410K03/210.65 mi31, Fields End, Taunton, Somerset TA1 2LU4
£348K03/210.65 mi37, Fields End, Taunton, Somerset TA1 2LU4
£480K11/230.68 mi58, Dunkleys Way, Taunton, Somerset TA1 2LX4
£450K10/230.76 mi63, St Josephs Field, Taunton, Somerset TA1 3TF4
£570K06/230.76 mi45, South Road, Taunton, Somerset TA1 3DU4
£400K11/200.76 mi57, South Road, Taunton, Somerset TA1 3DU4
£390K04/210.76 mi53, South Road, Taunton, Somerset TA1 3DU4
£370K02/240.83 mi11, Mount Street, Taunton, Somerset TA1 3QB4
£367.5K08/230.85 mi114, South Street, Taunton, Somerset TA1 3AG4
£290K06/210.85 mi169, South Street, Taunton, Somerset TA1 3AG4
£330K08/230.85 mi106, South Street, Taunton, Somerset TA1 3AG4
£467K01/230.86 miMeade Cottage, Holway Green, Taunton, Somerset TA1 2YJ4
£399.9K02/230.87 mi1, St Georges Square, Taunton, Somerset TA1 3RX4
£389K11/230.87 mi11, St Georges Square, Taunton, Somerset TA1 3RX4
£475K11/210.89 mi44, Middleway, Taunton, Somerset TA1 3QJ4
£650K07/210.9 mi48, Batts Park, Taunton, Somerset TA1 4RE4
£387.5K03/210.9 mi2, Haines Park, Taunton, Somerset TA1 4RG4

Local Rents

19 rents from £1.2K/mo to £1.9K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,40009/240.09 mi-3
£1,20009/240.28 miBilberry Grove, Taunton, TA13
£1,30011/240.43 mi-3
£1,90009/240.66 miDunkleys Way, Hillyfields , Taunton TA1 2LX4
£1,95009/240.69 miKings Square, TAUNTON4
£1,75009/240.72 miPikes Crescent, Taunton, TA13
£1,40010/240.75 mi-3
£1,47504/250.75 mi-3
£1,25005/240.83 mi-3
£1,32509/240.93 miPoplar Road, Taunton TA13
£1,95012/240.97 mi-3
£1,20009/240.97 miParmin Way, TA1 3
£1,40008/240.98 mi-3
£1,40009/241 mi-3
£1,90011/241.04 mi-3
£1,70004/251.04 mi-3
£1,25009/241.12 miAshbourne Crescent, Taunton3
£1,20009/241.14 miAshbourne Crescent, Taunton3
£1,70003/251.17 mi-4

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

1.01 miles away

Nearest school

0.40 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 £450,000

March 28, 2025

Floor Plans

Description

  • Detached +
  • Four Bedrooms +
  • uPVC Double Glazing +
  • Gas Fired Central Heating +
  • Single Garage +
  • Off-Road Parking +
  • Remainder Of 10 Year NHBC Guarantee +

The accommodation comprises; front door leading into entrance hall with staircase rising to first floor and ground floor cloakroom. There are doors to the living room and kitchen/diner. The living room has a lovely dual aspect with French doors leading to the garden. A kitchen/diner is found on the opposite side of the house and is well fitted with an extensive range of wall and base units, quartz work surfaces and upstands with integrated AEG double oven, five ring gas hob and integrated fridge/freezer. A separate utility room offers space and plumbing for a washing machine, useful understairs cupboard and access to the outside. From the hallway, a staircase leads to a first floor landing with doors to all bedrooms (bedroom one with double built-in wardrobes with mirror fronted sliding doors and a well appointed en-suite comprising wc, wash hand basin and walk-in shower with tiled surround and electric shower over). A family bathroom comprising of wc, wash hand basin, bath with tiled surround and shower over completes the accommodation. Externally, the rear garden is fully enclosed on all sides and offers gated side access. The garden is laid predominantly to lawn. A single garage can be found just behind the garden with electric power and light and leads to a driveway offering off-road parking for two vehicles.

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/dads.most.sums
Council Tax Band: E
EPC: B
Broadband Availability: Ultrafast with up to 1800 Mbps download speed and 1000 Mbps upload speed.
Mobile Phone Coverage: Indoor-voice & data likely with EE; limited voice & data with Three & Vodafone. Outdoor-voice & data likely with EE, Three, O2 & Vodafone.
Flood Risk: Rivers & Sea-very low. Surface water-very low.
Agents Note: We understand that there is an Estate Management Charge for the development of £200 p/a.
Agents Note: The garage and driveway shown in the main photo is not the one that belongs to the property.

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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