According to the public record, 31, Drake Close, Taunton is a mid-century leasehold apartment and with 710 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Drake Close, Taunton, TA2 is located in the borough of Somerset West and Taunton within the TA2 postal district.
31, Drake Close, Taunton has 41 entries in the Land Registry database, most recently in January 2022 and a single entry in the EPC database dated April 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 31 Drake Close Taunton as £153,964 and the rental value as £783 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 31 Drake Close Taunton has decreased by £1,538 (1.0%) and its rental value has increased by £44 per month (5.7%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 31, Drake Close, Taunton is in very good condition we estimate a sale value of £161,663 and rental value of £822 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £143,187 and a rental value of £728 per month.
If you were able to purchase this property for the estimated value of £153,964, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £757 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 31, Drake Close, Taunton was last sold on 31 Jan 2022 for £152,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Jan 2022, the market for similar properties has risen 4.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 31, Drake Close, Taunton within a radius of 862m over the last 2 years.
The most recent example is 73, Darwin Close, Taunton, TA2 6TR, a Leasehold flat which sold for £132,000 in Nov 2023.
Read more about house prices in TA2.
Drake Close, Taunton, TA2 has a total of 39 addresses. According to our analysis of all the public data, 31, Drake Close, Taunton is the 13th largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £119k less expensive than the average property in TA2.
31, Drake Close, Taunton has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Apr 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 31, Drake Close, Taunton is Taunton station which is 2.0 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 31, Drake Close, Taunton, 36.4% of property is privately rented and 27.3% is socially rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 31, Drake Close, Taunton, 14.5% of residents are recorded as possessing school level qualifications and 20.3% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 31, Drake Close, Taunton, the average age was 40.3 and the most common age was 32.
The graph below shows how this compares to South West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 31, Drake Close, Taunton, 0.0% of property was a second home.
Comparison figures for South West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 31, Drake Close, Taunton, there are an average of 1.2 cars per household.
See below for how this compares to South West and the rest of England & Wales.