4 Bed Terraced House, Refurb/BRRR, Bristol, BS16 3XA, £400,000

Fishponds Road, Fishponds, Bristol, BS16 3XA - 6 views - 2 years ago

Sold STC
BTL
Refurb/BRRR
ROI: 6%
~129 m²
+17 photos

ValuationFair Value

Sold Prices£260K - £950K
Sold Prices/m²£2.3K/m² - £5.1K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.1K/m²

Value Estimate

£404,000

 

 

End Value (After Refurb)

£479,647

Uplift in Value

+20%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£52,378

Bridging Loan Interest

£10,500

Total Cash In

£185,328

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£479,647

Mortgage (After Refinance)

£359,735

Mortgage LTV

75%

Cash Released

£59,735

Cash Left In

£125,592

Equity

£119,912

Rent Range

£650 - £4,900

Rent Estimate

£3,000

Running Costs/mo

£2,119

Cashflow/mo

£881

Cashflow/yr

£10,573

ROI

6%

Gross Yield

9%

Local Sold Prices

34 sold prices from £260K to £950K, average is £405K. £2.3K/m² to £5.1K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£380K01/210.29 mi87, College Road, Fishponds, Bristol, City Of Bristol BS16 2HP4
£450K01/230.31 mi125, Forest Road, Fishponds, Bristol, City Of Bristol BS16 3ST4
£260K06/210.35 mi127, Forest Road, Fishponds, Bristol, City Of Bristol BS16 3ST4
£535K11/200.35 mi4, Kimberley Avenue, Bristol, City Of Bristol BS16 5AT4
£440K01/210.38 mi122, Downend Road, Fishponds, Bristol, South Gloucestershire BS16 5BG4
£346K11/200.51 mi63, Snowdon Road, Bristol, City Of Bristol BS16 2EQ4
£475K02/230.54 mi1a, Overnhill Road, Bristol, South Gloucestershire BS16 5DN4
£452.5K02/210.65 mi147, Overndale Road, Bristol, Avon BS16 2RN4
£340K04/230.65 mi25, Summerleaze, Bristol, City Of Bristol BS16 4HD4
£350K04/210.66 mi44, Lincombe Road, Bristol, South Gloucestershire BS16 5UA4
£575K06/230.66 mi33, Frenchay Close, Bristol, City Of Bristol BS16 2QJ4
£850K06/230.66 mi67, Frenchay Close, Bristol, City Of Bristol BS16 2QJ4
£280K03/210.7 mi17, Balaclava Road, Bristol, City Of Bristol BS16 3LJ4
£485K05/230.72 mi10, Fitzroy Road, Bristol, City Of Bristol BS16 3LZ4
£375K03/230.74 mi240, Ridgeway Road, Bristol, City Of Bristol BS16 3LP4
£340K07/230.75 mi21, Brockworth Crescent, Bristol, City Of Bristol BS16 1HQ4
£830K12/200.75 miRockwoods Lodge, Frenchay Road, Bristol, City Of Bristol BS16 2RA4
£396.3K06/210.76 mi36, Chester Park Road, Bristol, City Of Bristol BS16 3RQ4
£495K04/230.76 mi3, Field View Drive, Bristol, City Of Bristol BS16 2TT4
£400K11/200.77 mi6, Sidelands Road, Bristol, City Of Bristol BS16 2TS4
£360K01/210.77 mi13, Sidelands Road, Bristol, City Of Bristol BS16 2TS4
£525K02/230.79 mi117, Thingwall Park, Bristol, City Of Bristol BS16 2DB4
£410K03/210.8 mi4, Sidelands Road, Bristol, City Of Bristol BS16 2TS4
£450K10/200.82 mi233, Charlton Road, Kingswood, Bristol, City Of Bristol BS15 1LT4
£342K08/210.85 mi7, Alexandra Gardens, Bristol, South Gloucestershire BS16 4QJ4
£572K06/230.86 mi3, Glenside Park, Bristol, City Of Bristol BS16 1UN4
£800K07/230.87 mi7, The Newlands, Bristol, South Gloucestershire BS16 1NQ4
£360K03/210.87 mi88, Holly Lodge Road, Bristol, City Of Bristol BS5 7UD4
£387K06/230.87 mi36, Colston Street, Soundwell, Bristol, South Gloucestershire BS16 4PF4
£950K01/230.88 miSouthview, Quarry Road, Frenchay, Bristol, South Gloucestershire BS16 1LX4
£416K06/210.91 mi9, Quarry Way, Stapleton, Bristol, City Of Bristol BS16 1UP4
£327.5K12/200.96 mi10, Esson Road, Bristol, City Of Bristol BS15 1NP4
£397K11/200.99 mi61, Coronation Road, Downend, Bristol, South Gloucestershire BS16 5SN4
£345K01/211 mi40, Clarence Avenue, Bristol, South Gloucestershire BS16 5SX4

Local Rents

50 rents from £650/mo to £4.9K/mo, average is £3K/mo.

RentDateDistanceAddressBeds 
£4,49004/250 mi-6
£3,30012/240.02 miFishponds Road, Fishponds, Bristol5
£3,00003/240.04 miFishponds Road, Fishponds, Bristol4
£3,25004/240.05 miDownend Road, Fishponds, Bristol, BS165
£3,00012/240.06 miFishponds Road, Fishponds, Bristol5
£3,62512/240.06 miFishponds Road, Fishponds, Bristol5
£4,35012/240.06 miVassall Road, Fishponds, Bristol6
£3,60004/240.1 miFishponds Road, Fishponds, Bristol, BS166
£2,66012/240.13 miStaple Hill Road, Fishponds, Bristol, BS163
£3,00003/240.13 miVictoria Park, Fishponds, Bristol, BS165
£2,60003/240.14 miVictoria Park, Fishponds, Bristol, BS164
£3,03002/240.14 mi-5
£4,17012/240.14 miStaple Hill Road, Bristol, BS166
£3,18003/240.15 miDownend Road, Fishponds, Bristol, BS164
£3,18012/240.15 miDownend Road, Fishponds, Bristol, BS164
£3,46012/240.15 miVictoria Park, Bristol6
£2,87503/240.16 miCoronation Avenue, Bristol, BS165
£4,50003/240.16 miForest Road, Fishponds, Bristol, BS166
£4,50012/240.16 miForest Road, Fishponds, Bristol, BS166
£3,02512/240.16 miForest Road, Fishponds, Bristol, BS164
£4,90003/240.16 miBrook Road, Fishponds7
£4,90004/240.16 miBrook Road, Fishponds7
£65012/240.16 miBrook Road, Fishponds7
£4,20012/240.16 miDownend Road, Fishponds, Bristol, Somerset, BS166
£2,00004/240.17 miOldbury Court Road, Fishponds, Bristol, BS164
£1,80002/240.17 mi-3
£3,90012/240.18 miDownend Road, Fishponds, Bristol6
£1,50004/240.18 miSymington Road, Fishponds3
£2,59512/240.19 mi-4
£1,87503/240.19 mi-3
£1,97512/240.19 mi-3
£2,91012/240.2 miTyndale Avenue, Fishponds, Bristol, BS164
£1,87503/240.21 miNew Station Road, Fishponds3
£2,25012/240.21 miCollege House- Fishponds4
£3,25012/240.21 miStaple Hill Road5
£2,70012/240.22 miGuinea Lane, Fishponds, Bristol4
£2,30003/240.22 miVictoria Park, Fishponds, Bristol4
£3,62503/240.22 miLawn Road, Fishponds, Bristol, BS165
£3,62512/240.22 miLawn Road, Fishponds, Bristol, BS165
£3,40003/240.24 miHinton Road, Fishponds, Bristol, BS165
£2,75012/240.25 miNorth Devon Road Fishponds Bristol5
£75812/240.25 miFishponds Road, , 6
£78004/240.25 miFishponds Road, , 6
£88812/240.25 miFishponds Road, , 6
£75812/240.25 miFishponds Road, , 7
£75812/240.25 miFishponds Road, , 9
£3,55012/240.25 miHinton Road, Fishponds, Bristol, BS165
£4,05012/240.25 miLawn Road, Fishponds, Bristol6
£4,05012/240.25 miStaple Hill Road, Bristol, Somerset, BS166
£2,55002/240.25 mi-4

Local Area Statistics

Population in BS16

75,691

Population in Bristol

795,432

Town centre distance

2.89 miles away

Nearest school

0.20 miles away

Nearest train station

2.01 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Listed for £400,000

October 24, 2023

Floor Plans

Description

  • Spacious Victorian terrace +
  • 4 bedrooms with loft room +
  • PERFECT BUY TO LET INVESTMENT +
  • In need of modernisation +
  • Kitchen/breakfast room with utility +
  • Separate well spaced dining room +
  • Enclosed low maintenance garden with rear access +
  • No onward chain +
  • EPC - E +
  • Floor area - 149 Square Metres +

New to the market is this 4 bedroom terraced home with a loft room on Fishponds Road, BS16.

Overview

Situated on Fishponds Road, this double bay-fronted home comes to the market offering the perfect opportunity to move into a well-loved and established area of BS16. In need of modernisation yet still with plenty of character this home is perfect for someone to come in and put their own stamp on things. Ideal buy to let opportunity!

Upon entering the property you are greeted by a generous hallway which leads you through to the ground floor that comprises of 2 reception rooms, a kitchen/breakfast room and a separate utility. As you make your way to the first floor you will find 4 bedrooms and a family bathroom. Additionally there is a loft room located on the second floor.

Outside

Externally this property comes with a small courtyard space to the front with a rear garden laid to gravel making it very low maintenance. Offered with rear access, this property can offer off street parking located at the back of the house.

Location

Offering easy access to central Bristol, the Bristol Ring Road and the M32/M4/M5 motorway links this makes it a great property for commuting. Fishponds also benefits from brilliant local schools, plenty of local shops/amenities, and increasingly highly rated pubs/restaurants.

Material information (provided by owner)

Tenure - Freehold
Council Tax Band - D

Agent Details

Ocean, Downend

0117 463 0331

Next Steps?

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