2 Bed Flat, Single Let, Bristol, BS48 1RQ, £209,950

21H Somerset Square, Nailsea, Somerset, BS48 1RG - 2 views - 2 years ago

Leasehold

BTL

ROI: 2%

~73 m²

+5 photos

ValuationUndervalued

Sold Prices	£164.9K - £375K
Sold Prices/m²	£2.7K/m² - £7.7K/m²

Square Metres	~73.40 m²
Price/m²	£2.9K/m²
Value Estimate	£237,284£237,284
BMV	13%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£52,488£52,488
Stamp Duty & Legal Fees	£7,499£7,499
Total Cash In	£59,986£59,986

Cash Out
Rent Range	£895 - £1,500£895 - £1,500
Rent Estimate	£956
Running Costs/mo	£867£867
Cashflow/mo	£89£89
Cashflow/yr	£1,064£1,064
ROI	2%2%
Gross Yield	5%5%

Local Sold Prices

6 sold prices from £164.9K to £375K, average is £183.8K. £2.7K/m² to £7.7K/m², average is £3.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£219.9K	06/22	0.03 mi	14, Somerset Square, Nailsea, Bristol, North Somerset BS48 1RP	£7,739	28	2	Flat
£187.5K	03/21	0.34 mi	17, French Close, Nailsea, Bristol, North Somerset BS48 1HY	£3,233	58	2	Flat
£164.9K	09/22	0.8 mi	21, Kingshill Gardens, Nailsea, Bristol, North Somerset BS48 2SS	£2,749	60	2	Flat
£174.9K	05/23	0.8 mi	12, Kingshill Gardens, Nailsea, Bristol, North Somerset BS48 2SS	-	-	2	Flat
£180K	11/20	0.8 mi	22, Kingshill Gardens, Nailsea, Bristol, North Somerset BS48 2SS	£3,000	60	2	Flat
£375K	06/21	1.67 mi	20, St Johns Road, Backwell, Bristol, North Somerset BS48 3JN	£4,688	80	2	Flat

Local Rents

10 rents from £895/mo to £1.5K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,250	12/24	0.29 mi	Clevedon Road, Nailsea, North Somerset, BS48	2	Bungalow
£895	02/23	0.51 mi	-	2	Flat
£950	02/24	0.51 mi	-	2	Flat
£1,295	12/24	0.55 mi	Nailsea, North Somerset	2	Semi-Detached House
£995	03/24	0.59 mi	Coates House, 4 High Street, Nailsea, BS48	2	Flat
£1,100	12/24	0.62 mi	Goss Lane, BS48	2	Flat
£1,400	03/24	0.78 mi	-	2	Detached House
£1,500	03/24	0.78 mi	Causeway View, Nailsea, Bristol, BS48	2	Detached House
£1,400	03/24	0.78 mi	Causeway View, Nailsea, Bristol, BS48	2	Detached House
£1,100	12/24	0.82 mi	Nailsea, North Somerset	2	Terraced House

Local Area Statistics

Population in BS48	23,19123,191
Population in Bristol	795,432795,432
Town centre distance	7.73 miles away7.73 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1 miles away1 miles away

Rental growth (12m)	-3%-3%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+17%+17%

Property History

Listed for £209,950

June 2, 2023

Floor Plans

Description

Newly converted two-bedroom apartment +
Situated in the heart of Nailsea town +
Open plan living accommodation +
High gloss kitchen with integrated appliances +
Useful utility room +
Contemporary shower room +
High gloss kitchen with integrated appliances +
Useful utility room +
Contemporary shower room +
Viewing is highly recommended. +

Westcoast Properties are excited to bring to the market this spacious two bedroom newly converted Apartment. Situated in the heart of Nailsea and with a pleasant outlook this property offers a well thought out configuration comprising in brief of an entrance hall, a contemporary open plan living area complete with a high gloss kitchen with integrated applicances, there is a useful utility room, two double bedrooms and a contemporary shower room. Viewing is highly recommended
EPC: D

Agent Details

West Coast Properties, Nailsea

01275 402880

Next Steps?

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

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