2 Bed Flat, Single Let, Taunton, TA1 1RX, £140,000

Gatehouse Court, Taunton, TA1 1RX - 10 days ago

Leasehold
BTL
ROI: 7%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£60K - £295K
Sold Prices/m²£1.1K/m² - £6.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£170,277
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,500

Total Cash In

£43,500

 

 

Cash Out

 

Rent Range

£850 - £2,700

Rent Estimate

£889

Running Costs/mo

£635

Cashflow/mo

£254

Cashflow/yr

£3,044

ROI

7%

Gross Yield

8%

Local Sold Prices

51 sold prices from £60K to £295K, average is £140K. £1.1K/m² to £6.8K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£138K03/230.05 mi5, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£130K10/210.07 mi39, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£150K04/230.07 mi38, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£160K12/230.07 mi44, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£160K12/230.07 mi44, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£112.5K11/200.07 mi10, Eastgate Gardens, Taunton, Somerset TA1 1RD2
£148K03/210.12 mi42b, Laburnum Street, Taunton, Somerset TA1 1LB2
£143K10/230.17 miFlat 8, Trinity Gate, Queen Street, Taunton, Somerset TA1 3DS2
£150K09/230.19 mi9, The Octagon, Taunton, Somerset TA1 1RT2
£165K01/230.2 mi2, The Octagon, Taunton, Somerset TA1 1RT2
£295K11/210.25 miFlat 7, Annecy Court, St Josephs Field, Taunton, Somerset TA1 3TE2
£250K02/210.27 miFlat 5, Annecy Court, St Josephs Field, Taunton, Somerset TA1 3TE2
£202.5K03/240.27 miAnnecy Court, Flat 9, St Josephs Field, Taunton, Somerset TA1 3TE2
£155K02/210.31 mi33, Trinity Road, Taunton, Somerset TA1 3JJ2
£115K01/210.32 mi37, Winters Field, Taunton, Somerset TA1 1PY2
£138K09/230.38 miFlat 42, Dellers Court, Dellers Wharf, Taunton, Somerset TA1 1DX2
£122.5K09/230.38 miFlat 27, Dellers Court, Dellers Wharf, Taunton, Somerset TA1 1DX2
£211K11/230.39 mi52, Geoffrey Farrant Walk, Taunton, Somerset TA1 1PU2
£122.5K08/210.39 miFlat 2, Dellers Court, Dellers Wharf, Taunton, Somerset TA1 1DX2
£120K07/210.4 miFlat 6, Vivary Gate, Upper High Street, Taunton, Somerset TA1 3PX2
£160K05/230.4 miFlat 12, Vivary Gate, Upper High Street, Taunton, Somerset TA1 3PX2
£122K11/210.47 miFlat 28, Beech Court, Tower Street, Taunton, Somerset TA1 4BH2
£90K10/230.47 miFlat 7, Beech Court, Tower Street, Taunton, Somerset TA1 4BH2
£100K10/230.47 miFlat 44, Beech Court, Tower Street, Taunton, Somerset TA1 4BH2
£95K11/230.47 miFlat 43, Beech Court, Tower Street, Taunton, Somerset TA1 4BH2
£185K12/230.48 mi29, Firepool View, Taunton, Somerset TA1 1NY2
£159K11/200.48 mi36, Firepool View, Taunton, Somerset TA1 1PS2
£179K02/210.48 mi28, Firepool View, Taunton, Somerset TA1 1PS2
£172K07/210.48 mi4, Firepool View, Taunton, Somerset TA1 1PS2
£172.5K08/230.49 mi50, Firepool Crescent, Taunton, Somerset TA1 1AT2
£187K01/230.49 mi16, Firepool View, Taunton, Somerset TA1 1PS2
£100K01/230.49 miFlat 1, Portland Grange, Upper High Street, Taunton, Somerset TA1 3PZ2
£105K08/230.5 miFlat 8, Portland Grange, Upper High Street, Taunton, Somerset TA1 3PZ2
£90K12/230.5 miFlat 13, Portland Grange, Upper High Street, Taunton, Somerset TA1 3PZ2
£147.5K01/210.51 mi2, Cunningham Court, Taunton, Somerset TA1 1AR2
£175K09/230.51 mi36, Cunningham Court, Taunton, Somerset TA1 1AR2
£165K01/230.51 mi35, Cunningham Court, Taunton, Somerset TA1 1AR2
£130K06/210.58 miFlat 4, Dovetail Court, Park Street, Taunton, Somerset TA1 4DF2
£124.6K06/210.59 mi17, Northfield Gardens, Taunton, Somerset TA1 1XN2
£140K10/200.59 miFlat 10, Avongrove Court, The Avenue, Taunton, Somerset TA1 1TL2
£155K03/230.59 miFlat 10, Avongrove Court, The Avenue, Taunton, Somerset TA1 1TL2
£122K12/200.59 miFlat 8, Dovetail Court, Park Street, Taunton, Somerset TA1 4DF2
£130K03/210.59 miFlat 6, Dovetail Court, Park Street, Taunton, Somerset TA1 4DF2
£105K06/210.59 mi11c, Park Street, Taunton, Somerset TA1 4DF2
£120K06/210.6 miFlat 2, Turkey Court, Vivary Road, Taunton, Somerset TA1 3JN2
£60K11/200.61 mi2, Northfield Gardens, Taunton, Somerset TA1 1XN2
£125K12/200.62 mi23, Northfield Gardens, Taunton, Somerset TA1 1XN2
£130K12/210.63 mi3a, Hamilton Court, Taunton, Somerset TA1 2PA2
£125K02/230.63 mi3b, Hamilton Court, Taunton, Somerset TA1 2PA2
£155K02/230.63 mi2b, Hamilton Court, Taunton, Somerset TA1 2PA2
£175K06/230.64 miFlat 7, Summerfield Court, French Weir Close, Taunton, Somerset TA1 1XJ2

Local Rents

33 rents from £850/mo to £2.7K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£95009/240.07 miEast Reach, Taunton2
£1,00012/240.08 mi-2
£1,10003/250.11 mi-2
£1,20009/240.12 mi-2
£1,20012/240.12 mi-2
£1,20009/240.12 mi-2
£1,20009/240.13 miGloucester Street, TAUNTON2
£92509/240.19 miThe Octagon, Taunton, Somerset, TA12
£85009/240.19 miMiddle Street, Taunton, TA12
£1,50009/240.21 mi-2
£1,70003/250.21 mi-2
£99509/240.23 miPriory Avenue, Taunton2
£95009/240.23 miTaunton2
£85011/240.25 mi-2
£1,55009/240.29 miCoal Orchard, TAUNTON2
£1,60009/240.32 miCoal Orchard, TAUNTON2
£2,70009/240.42 mi-2
£2,70011/240.42 mi-2
£2,70002/250.42 mi-2
£2,70003/250.42 mi-2
£2,70009/240.44 mi-2
£2,70012/240.44 mi-2
£2,70002/250.44 mi-2
£2,70003/250.44 mi-2
£1,10009/240.48 miFirepool View, TAUNTON2
£1,10009/240.52 mi-2
£1,10009/240.53 mi-2
£1,05009/240.57 mi-2
£1,00001/250.57 mi-2
£89509/240.57 miUpper Wood Street, Taunton, TA12
£1,20009/240.58 miWestgate Street, Taunton, 2
£90009/240.59 miDovetail Court,park Street,taunton2
£95003/250.59 mi-2

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

0.09 miles away

Nearest school

0.20 miles away

Nearest train station

0.59 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

April 1, 2025

Floor Plans

Description

  • Secure Top Floor Flat +
  • Two Double Bedrooms +
  • Triple Aspect Kitchen/Living Area +
  • Under Floor Heating +
  • Convenient Town Centre Location +
  • Well Presented +
  • 999 Year Lease Term +
  • Annual Service Charge £831.60 +

SUMMARY
Top/second floor flat available with NO ONWARD CHAIN and well positioned for access into Taunton's town centre. With two double bedrooms and an open plan kitchen/dining/living area that is flooded with natural light, there is a real sense of space within the property.

DESCRIPTION
Available with NO ONWARD CHAIN is this well presented, TWO DOUBLE BEDROOM, second/top floor flat. Conveniently located in the centre of the town, it's an ideal first time buy or an investment property.

You enter the building through a front entrance that has a security phone system, the communal ground floor hallway is fully carpeted with a stairway leading to the first and second floors. The door to this apartment leads into a hallway which has doors to two double bedrooms, a bathroom and then into a bright and triple aspect kitchen/dining/living area.

The property benefits from under floor heating.

Taunton is the county town of Somerset and the property is located within a short walk of its town centre which provides extensive amenities along with easy access to the M5 motorway. It's only a ten minute walk to the mainline city rail link and just a four minute walk to Somerset County Cricket Ground.

Communal Entrance Hall 
A spacious communal entrance with stairs rising to the first and second floors.

Entrance To Flat 
Loft access and telephone entry point.

Kitchen/Dining/Living 
A light triple aspect room with fitted kitchen having electric hob, electric oven and space for low level fridge.

Bedroom One 11' 9" x 8' 9" ( 3.58m x 2.67m )
Double glazed window and under floor heating.

Bedroom Two 10' 11" x 7' 10" ( 3.33m x 2.39m )
Double glazed window and under floor heating.

Bathroom 
Double glazed window, wash basin, WC, bath with shower over and mixer tap, extractor fan and cupboard with plumbing for washing machine.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

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: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Taunton

01823 212322

Next Steps?

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