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Outer Circle, Taunton

South West

£90,000

Listed on 17/10/2014

Property details

Bedrooms
1
Type
Flat

Description

This one-bedroom ground floor flat is positioned in a residential area just a short walk from Taunton town centre, making it an attractive option for those looking to invest or seek a renovation project. Currently offered with no onward chain, the property provides a solid basis for transformation and value addition. The layout includes a lounge, a kitchen/dining room, a double bedroom, and a bathroom, all of which require significant renovation and modernization to meet contemporary living standards. This presents an invaluable opportunity for buyers keen on tailoring their living space according to personal preferences or converting it into a rental property. Prospective investors should carefully assess the extent of work needed before proceeding with an offer. Easy access to local amenities, schools, Musgrove Park Hospital, and transport links further enhances the property's appeal in this well-connected area of Somerset. With approximately 88 years remaining on the leasehold and potential for future growth, this flat stands out as a prime refurbishment opportunity in Taunton's dynamic housing market.

Investment analysis

(TA1 area)
Area Average
£296/sq ft
Avg Rent (weekly)
£243
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (TA1)

Area prices are stable by -1.1% over the last 12 months
3 year growth: +2.1%
5 year growth: +9.9%
Investment Disclaimer: Analysis based on TA1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Outer Circle, Taunton
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£340
Based on a loan of £67,500 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp duty calculator

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