3 Bed Terraced House, Refurb/BRRR, Taunton, TA1 3AJ, £215,000

33 Alma Street, Taunton, Somerset TA1 3AJ - 14 days ago

Refurb/BRRR
ROI: 12%
~93 m²
+10 photos

ValuationFair Value

Sold Prices£136K - £575K
Sold Prices/m²£1.6K/m² - £4.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.3K/m²

Value Estimate

£211,622

 

 

End Value (After Refurb)

£231,760

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£53,750

Stamp Duty & Legal Fees

£13,750

Refurb Costs

£37,820

Bridging Loan Interest

£5,644

Total Cash In

£112,714

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£231,760

Mortgage (After Refinance)

£173,820

Mortgage LTV

75%

Cash Released

£12,570

Cash Left In

£100,144

Equity

£57,940

Rent Range

£1,200 - £2,950

Rent Estimate

£2,384

Running Costs/mo

£1,221

Cashflow/mo

£1,163

Cashflow/yr

£13,955

ROI

12%

Gross Yield

13%

Local Sold Prices

50 sold prices from £136K to £575K, average is £216.5K. £1.6K/m² to £4.4K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£240K05/210.02 mi35, Alma Street, Taunton, Somerset TA1 3AJ3
£272K04/210.02 mi60, Alma Street, Taunton, Somerset TA1 3AL3
£270K02/230.03 mi67, Alma Street, Taunton, Somerset TA1 3AL3
£160K07/210.04 mi12, South Street, Taunton, Somerset TA1 3AA3
£208K09/230.11 mi9, Queen Street, Taunton, Somerset TA1 3AS3
£183K01/230.12 mi20, Eastbourne Road, Taunton, Somerset TA1 1ST3
£171K11/200.13 mi43, Eastbourne Road, Taunton, Somerset TA1 1SU3
£317.5K11/230.14 mi1, Trinity Street, Taunton, Somerset TA1 3JG3
£210K08/210.17 mi13, Church Street, Taunton, Somerset TA1 3JE3
£265K02/230.18 mi32, Queen Street, Taunton, Somerset TA1 3AX3
£230K12/220.18 mi17, Eastbourne Terrace, Taunton, Somerset TA1 1SX3
£234.8K01/230.19 mi5, Eastbourne Terrace, Taunton, Somerset TA1 1SX3
£365K06/230.21 mi6, Victoria Street, Taunton, Somerset TA1 3JA3
£230K03/210.21 mi29, Trinity Road, Taunton, Somerset TA1 3JJ3
£226K03/210.21 mi79, Trinity Road, Taunton, Somerset TA1 3JJ3
£275K12/230.21 mi83, Trinity Road, Taunton, Somerset TA1 3JJ3
£184K09/210.22 mi7, Laburnum Street, Taunton, Somerset TA1 1LA3
£257K01/240.22 mi1, Laburnum Street, Taunton, Somerset TA1 1LA3
£305K11/230.22 mi124, South Street, Taunton, Somerset TA1 3AG3
£195K08/210.22 mi17, Winchester Street, Taunton, Somerset TA1 1QQ3
£210K02/230.22 mi13, Winchester Street, Taunton, Somerset TA1 1QQ3
£312K06/230.25 mi27, Holway Avenue, Taunton, Somerset TA1 3AP3
£205K11/230.25 mi44, Winchester Street, Taunton, Somerset TA1 1QG3
£195K01/210.25 mi23, Stephen Street, Taunton, Somerset TA1 1LD3
£370K03/240.26 mi48, Holway Avenue, Taunton, Somerset TA1 3AR3
£260K03/230.26 mi46, Holway Avenue, Taunton, Somerset TA1 3AR3
£210K03/210.27 mi10, Eastleigh Road, Taunton, Somerset TA1 2YA3
£136K10/210.27 mi5, Eastleigh Gardens, Taunton, Somerset TA1 2AS3
£223K09/210.27 mi66, St Augustine Street, Taunton, Somerset TA1 1QH3
£150K02/210.27 mi71, St Augustine Street, Taunton, Somerset TA1 1QH3
£150K12/200.27 mi53, St Augustine Street, Taunton, Somerset TA1 1QH3
£210K08/230.27 mi31, St Augustine Street, Taunton, Somerset TA1 1QH3
£190K11/210.28 mi46, Grays Road, Taunton, Somerset TA1 3BA3
£205K09/230.28 mi49, Grays Road, Taunton, Somerset TA1 3BA3
£207.5K11/210.28 mi29, Mitre Court, Taunton, Somerset TA1 3ER3
£189.3K10/210.28 mi28, Mitre Court, Taunton, Somerset TA1 3ER3
£241K08/230.28 mi26, Mitre Court, Taunton, Somerset TA1 3ER3
£230K06/210.29 mi82, Eastleigh Road, Taunton, Somerset TA1 2YD3
£265K02/230.29 mi72, Eastleigh Road, Taunton, Somerset TA1 2YD3
£205K03/240.32 mi3, Alfred Street, Taunton, Somerset TA1 3HU3
£225K02/210.32 mi32, Westleigh Road, Taunton, Somerset TA1 2XY3
£325K12/230.32 mi32, Westleigh Road, Taunton, Somerset TA1 2XY3
£575K02/230.33 mi19b, Mount Street, Taunton, Somerset TA1 3QE3
£250K03/210.33 mi30, Holway Road, Taunton, Somerset TA1 2EY3
£200K02/210.33 mi59, Priory Avenue, Taunton, Somerset TA1 1XZ3
£206K04/210.34 mi10, Mount Street, Taunton, Somerset TA1 3QB3
£247K08/210.34 mi13, Midford Road, Taunton, Somerset TA1 2JJ3
£200K06/210.35 mi29, Alfred Street, Taunton, Somerset TA1 3HY3
£170K11/200.35 mi99, Winchester Street, Taunton, Somerset TA1 1QE3
£185K01/210.35 mi88, Winchester Street, Taunton, Somerset TA1 1QE3

Local Rents

19 rents from £1.2K/mo to £3K/mo, average is £2.7K/mo.

RentDateDistanceAddressBeds 
£1,40008/240.12 mi-3
£1,40009/240.29 mi-3
£2,70009/240.41 mi-3
£2,70012/240.41 mi-3
£2,70002/250.41 mi-3
£2,70003/250.41 mi-3
£1,20009/240.5 miParmin Way, TA1 3
£2,95002/240.56 mi-3
£2,95009/240.56 mi-3
£2,95009/240.56 mi-3
£2,95009/240.56 mi-3
£2,95009/240.56 mi-3
£2,95007/240.56 mi-3
£2,95008/240.56 mi-3
£2,95002/250.56 mi-3
£2,95003/250.56 mi-3
£1,30009/240.56 miFirepool Crescent, Taunton3
£1,30009/240.56 miFirepool Crescent, Taunton3
£1,35009/240.58 miSheldon Court, Taunton3

Local Area Statistics

Population in TA1

39,265

Population in Taunton

85,088

Town centre distance

0.14 miles away

Nearest school

0.10 miles away

Nearest train station

0.70 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £215,000

April 3, 2025

Floor Plans

Description

  • An excellent opportunity to acquire a spacious terrace house on Alma Street +
  • No onward chain +
  • In need of modernisation +
  • Drive parking to the front +
  • Private enclosed rear garden +
  • Two separate reception rooms +
  • Kitchen +
  • Ground floor bathroom +
  • Garden room/store +
  • Three bedrooms +

A fantastic opportunity to acquire this spacious three-bedroom terrace home, situated in the sought-after Alma Street. With the added benefit of drive parking to the front and a delightful south-facing enclosed garden to the rear, this property is ideal for those seeking a home with great update potential.

Alma Street is a well-established and popular residential location in the heart of Taunton, Somerset’s county town. This vibrant area is well located for wide variety of bars and restaurants, all within walking distance, and the house is also conveniently located near Taunton town centre, which offers a wider selection of retail and leisure facilities and Taunton Railway Station making excellent links to London Paddington in under two hours.

Upon entering the property, you are welcomed by an entrance hallway with stairs rising to the first floor and doors leading to two generously sized reception rooms, there is a fitted kitchen to the rear giving access to a ground floor bathroom and a garden room/store. To the first floor, there are three good sized bedrooms, and the potential to extend further into the loft for additional bedroom space (subject to the necessary permission).

This property offers fantastic potential in a desirable location. Contact us today to arrange a viewing!

TOTAL FLOOR AREA
97 sq.m.

TENURE
Freehold

COUNCIL TAX
Somerset Council Tax Band B. Charges payable for 2025/26 - £2,007.48

SERVICES
Main services of gas, electricity, water and drainage are connected.
Broadband/Mobile phone coverage- The options of standard, superfast and ultrafast broadband withspeeds upto 1,800Mbps are available. For an indication of broadbandspeeds as wellas mobile phone signal and coverage available please refer to the 'Ofcomchecker' website.

Agent Details

Ware & Co, Taunton

01823 589527

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪