6 Bed HMO, Bristol, BS6 5AH, £800,000

125 North Road, Bristol, City Of Bristol, BS6 5AH - 5 views - a year ago

HMO

Refurb/BRRR

Planning

~68 m²

+12 photos

ValuationOvervalued

Sold Prices	£410K - £1.8M
Sold Prices/m²	£2.5K/m² - £6.5K/m²

Square Metres	~67.50 m²
Price/m²	£11.9K/m²
Value Estimate	£305,812£305,812

End Value (After Refurb)	£780,000£780,000

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£200,000£200,000
Stamp Duty & Legal Fees	£62,700£62,700
Refurb Costs	£27,352£27,352
Bridging Loan Interest	£21,000£21,000
Total Cash In	£312,802£312,802

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£780,000£780,000
Mortgage (After Refinance)	£585,000£585,000
Mortgage LTV	75%75%
Cash Left In	£312,802£312,802
Equity	£195,000£195,000
Room Rate	£375£375
Gross Rent	£2,250
Running Costs/mo	£3,706£3,706
Cashflow/mo	£-1,456£-1,456
Cashflow/yr	£-17,475£-17,475
Gross Yield	3%3%

Local Sold Prices

32 sold prices from £410K to £1.8M, average is £1.0M. £2.5K/m² to £6.5K/m², average is £4.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£410K	12/20	0.22 mi	40, Leopold Road, Bristol, City Of Bristol BS6 5BS	£3,445	119	6	Semi-Detached House
£980K	09/21	0.26 mi	4, Chesterfield Road, St Andrews, Bristol, City Of Bristol BS6 5DL	£5,731	171	6	Semi-Detached House
£980K	09/21	0.26 mi	4, Chesterfield Road, St Andrews, Bristol, City Of Bristol BS6 5DL	£5,731	171	6	Semi-Detached House
£1.0M	11/22	0.26 mi	29, Elton Road, Bishopston, Bristol, City Of Bristol BS7 8DF	-	-	6	Semi-Detached House
£920K	01/21	0.28 mi	8, Burghley Road, Bristol, City Of Bristol BS6 5BN	£5,489	168	6	Semi-Detached House
£1.1M	12/22	0.31 mi	41, Cranbrook Road, Bristol, City Of Bristol BS6 7BP	£4,200	250	6	Semi-Detached House
£851K	04/23	0.34 mi	116, Chesterfield Road, St Andrews, Bristol, City Of Bristol BS6 5DU	£3,799	224	6	Semi-Detached House
£850K	08/21	0.35 mi	53, Chesterfield Road, St Andrews, Bristol, City Of Bristol BS6 5DW	-	-	6	Terraced House
£850K	08/21	0.35 mi	53, Chesterfield Road, St Andrews, Bristol, City Of Bristol BS6 5DW	-	-	6	Terraced House
£666K	04/23	0.37 mi	124, Cromwell Road, St Andrews, Bristol, City Of Bristol BS6 5EZ	£2,581	258	6	Semi-Detached House
£1.2M	06/21	0.39 mi	55, Salisbury Road, Redland, Bristol, City Of Bristol BS6 7AS	-	-	6	Semi-Detached House
£585K	01/23	0.39 mi	77, Cromwell Road, St Andrews, Bristol, City Of Bristol BS6 5HA	£2,708	216	6	Semi-Detached House
£895K	02/21	0.4 mi	2, Ashley Court Road, Bristol, City Of Bristol BS7 9BD	£3,698	242	6	Semi-Detached House
£1.6M	11/22	0.46 mi	17, Limerick Road, Bristol, City Of Bristol BS6 7DY	£6,324	253	6	Semi-Detached House
£920K	04/21	0.47 mi	81, Redland Road, Bristol, City Of Bristol BS6 6AQ	£3,451	267	6	Terraced House
£1.2M	09/20	0.49 mi	2, Limerick Road, Bristol, City Of Bristol BS6 7DZ	£2,977	413	6	Semi-Detached House
£1.7M	09/20	0.57 mi	20, Woodstock Road, Redland, Bristol, City Of Bristol BS6 7EJ	£4,370	389	6	Semi-Detached House
£1.8M	01/23	0.6 mi	25, Woodstock Road, Redland, Bristol, City Of Bristol BS6 7EL	-	-	6	Semi-Detached House
£623.5K	04/21	0.61 mi	21, Ashgrove Road, Ashley Down, Bristol, City Of Bristol BS7 9LF	-	-	6	Detached House
£1.8M	11/22	0.64 mi	29, Fernbank Road, Bristol, City Of Bristol BS6 6PX	-	-	6	Semi-Detached House
£1.3M	04/21	0.68 mi	51, Clarendon Road, Bristol, City Of Bristol BS6 7EY	£3,469	369	6	Semi-Detached House
£1.2M	06/21	0.78 mi	68, Kingsdown Parade, Bristol, City Of Bristol BS6 5UQ	£4,078	293	6	Terraced House
£1.2M	06/21	0.78 mi	68, Kingsdown Parade, Bristol, City Of Bristol BS6 5UQ	£4,078	293	6	Detached House
£585K	05/21	0.78 mi	60, City Road, Bristol, City Of Bristol BS2 8TX	£2,504	234	6	Terraced House
£1.0M	01/21	0.8 mi	8, Canowie Road, Bristol, City Of Bristol BS6 7HS	£4,691	220	6	Semi-Detached House
£887.8K	03/21	0.8 mi	6, Cossins Road, Bristol, City Of Bristol BS6 7LY	£5,102	174	6	Semi-Detached House
£1.3M	04/21	0.83 mi	22, Woodfield Road, Bristol, City Of Bristol BS6 6JQ	£5,183	246	6	Semi-Detached House
£1.2M	04/23	0.84 mi	91, Coldharbour Road, Bristol, City Of Bristol BS6 7SA	£6,005	204	6	Terraced House
£1.1M	12/20	0.85 mi	3, Woodfield Road, Bristol, City Of Bristol BS6 6JH	£5,816	196	6	Semi-Detached House
£970K	08/23	0.9 mi	63, Linden Road, Westbury Park, Bristol, City Of Bristol BS6 7RW	£4,874	199	6	Terraced House
£925K	10/20	0.92 mi	51, Howard Road, Westbury Park, Bristol, City Of Bristol BS6 7US	£4,973	186	6	Terraced House
£1.6M	04/23	0.99 mi	6, Durdham Park, Bristol, City Of Bristol BS6 6XA	£6,502	243	6	Terraced House

Local Area Statistics

Population in BS6	33,61533,615
Population in Bristol	795,432795,432
Town centre distance	0.24 miles away0.24 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.41 miles away0.41 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-14%-14%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+8%+8%

Property History

Price changed to £800,000

December 4, 2024

Listed for £925,000

April 22, 2024

Sold for £75,000

1998

Floor Plans

Description

Basement flat - Three bedroom HMO - currently achieving £2100.00 +
Ground floor flat - Two spacious bedrooms - currently achieving £1150.00 +
Top floor flat - Two spacious bedrooms, empty under renovations +
Situated in a great location +
Off street parking +
Freehold +
Council Tax Band: A +

* INVESTMENT OPPORTUNITY*

Victorian end of terrace which has been split into three flats, situated in a fantastic location just behind Gloucester Road and boasts off street parking. Looking for investment buyers.

Located in sought after St Andrews in an ever popular one way, side road, with access into the city just a short bus journey away, although it is also walkable. Further travel links are easily accessed with the M32 providing access to the motorway network and Temple Meads for rail. The property is well positioned for local primary and secondary schools.

Victorian end of terrace which has been converted into three apartments, two of which are currently tenanted.

Basement flat - Three bedroom HMO, with parking, kitchen diner and two bathrooms. Currently achieving £2250 pcm.

Ground Floor Flat - Two generously proportioned double bedrooms, kitchen dining room, utility room, two bathrooms and external courtyard garden and parking. Currently achieving £1150.00 pcm.

Top Floor Flat - Currently under refurbishment and vacant, planned for a two bedroom apartment. Possibility to extend into the loft with relevant planning permissions.

A must see for investors, book now to avoid disappointment.

Agent Details

CJ Hole, Bishopston

0117 463 0434

Next Steps?

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

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