Potential 4-Bed HMO, Bristol, BS16 2RL, £425,000

Overndale Road, Downend, Bristol, BS16 2RL - a year ago

HMO
ROI: 3%
~185 m²
+7 photos

ValuationUndervalued

Sold Prices£245K - £755K
Sold Prices/m²£2.8K/m² - £5.7K/m²

 

 

Square Metres

~185 m²
Price/m²£2.3K/m²

Value Estimate

£510,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£31,200

Total Cash In

£137,450

 

 

Cash Out

 

Room Rate

£680

Gross Rent

£2,720

Running Costs/mo

£2,419

Cashflow/mo

£301

Cashflow/yr

£3,608

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £245K to £755K, average is £375K. £2.8K/m² to £5.7K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£500K01/230.02 mi127, Overndale Road, Bristol, South Gloucestershire BS16 2RN3
£325K12/200.07 mi28, Lincombe Road, Bristol, South Gloucestershire BS16 5UA3
£370K05/230.08 mi18, Grange Drive, Bristol, City Of Bristol BS16 2QW3
£345K08/230.08 mi20, Grange Drive, Bristol, City Of Bristol BS16 2QW3
£390K01/210.08 mi1, Grange Drive, Bristol, City Of Bristol BS16 2QW3
£277K06/210.08 mi5, Lincombe Road, Bristol, South Gloucestershire BS16 5UB3
£338K11/210.1 mi8, Bridges Drive, Bristol, City Of Bristol BS16 2UB3
£245K04/210.11 mi38, Croomes Hill, Bristol, South Gloucestershire BS16 5EH3
£245K04/210.11 mi38, Croomes Hill, Bristol, South Gloucestershire BS16 5EH3
£325K06/210.12 mi8, Lincombe Avenue, Bristol, South Gloucestershire BS16 5UD3
£352K05/210.13 mi12, Woodlands Rise, Bristol, South Gloucestershire BS16 2RX3
£325K04/210.14 mi25, Benford Close, Bristol, City Of Bristol BS16 2UD3
£420K11/200.19 mi12, Hurstwood Road, Bristol, South Gloucestershire BS16 5EG3
£325K01/210.2 mi12a, Frenchay Road, Bristol, City Of Bristol BS16 2QS3
£417K01/210.2 mi51, Overndale Road, Bristol, South Gloucestershire BS16 2RW3
£287K07/230.26 mi54, Whittington Road, Bristol, City Of Bristol BS16 2PU3
£415K08/230.28 mi27, Overndale Road, Bristol, South Gloucestershire BS16 2RU3
£500K04/230.29 mi42, Grace Road, Bristol, South Gloucestershire BS16 5DU3
£330K11/200.31 mi7, Chestnut Road, Downend, Bristol, South Gloucestershire BS16 5UN3
£395K07/230.33 mi29, Shrubbery Road, Bristol, South Gloucestershire BS16 5TA3
£410K03/230.33 mi1, Amberley Road, Bristol, South Gloucestershire BS16 2RP3
£305.5K04/210.34 mi55, Cassell Road, Bristol, City Of Bristol BS16 5DQ3
£725K06/230.34 mi27, Cleeve Hill, Downend, Bristol, South Gloucestershire BS16 6ET3
£335K06/210.36 mi11, Cleeve Hill Extension, Bristol, South Gloucestershire BS16 6ES3
£435K03/210.37 mi8, Woodside Road, Downend, Bristol, South Gloucestershire BS16 2SN3
£500K08/230.38 mi11, Grace Road, Bristol, South Gloucestershire BS16 5DY3
£300K12/220.39 mi86, North Street, Downend, Bristol, South Gloucestershire BS16 5SF3
£386K05/210.4 mi10, Bromley Heath Road, Bristol, South Gloucestershire BS16 6HU3
£314K04/230.4 mi38, Delabere Avenue, Bristol, City Of Bristol BS16 2NE3
£372K11/210.41 mi12, Cleeve Hill, Bristol, South Gloucestershire BS16 6HN3
£365K05/230.41 mi96, Cassell Road, Bristol, City Of Bristol BS16 5DG3
£286K04/210.41 mi94, Cassell Road, Bristol, City Of Bristol BS16 5DG3
£382.5K11/200.42 mi4a, Salisbury Road, Downend, Bristol, South Gloucestershire BS16 5RA3
£428.5K03/210.42 mi11, Heath Walk, Bristol, Avon BS16 6EZ3
£415K02/230.43 mi16, Heath Walk, Bristol, South Gloucestershire BS16 6EY3
£350K03/210.43 mi64, Coronation Road, Downend, Bristol, South Gloucestershire BS16 5SL3
£755K01/210.43 mi17, Cleeve Lawns, Bristol, South Gloucestershire BS16 6HH3
£562.5K11/200.43 mi5, Cleeve Lawns, Bristol, South Gloucestershire BS16 6HH3
£390K03/210.45 mi35, Cleeve Wood Road, Bristol, South Gloucestershire BS16 2SH3
£450K11/200.45 mi59, Woodside Road, Downend, Bristol, South Gloucestershire BS16 2SR3
£450K05/230.46 mi65, Coronation Road, Downend, Bristol, South Gloucestershire BS16 5SN3
£435K01/230.46 mi9, Clevedale, Bristol, South Gloucestershire BS16 2SQ3
£475K09/210.47 mi50, Buckingham Place, Downend, Bristol, South Gloucestershire BS16 5TN3
£383.1K06/210.47 mi14, Stanbury Avenue, Bristol, City Of Bristol BS16 5AN3
£360K01/210.48 miSpiders Cottage, Quarry Road, Frenchay, Bristol, South Gloucestershire BS16 1LX3
£378K07/230.48 mi4, High Street, Staple Hill, Bristol, South Gloucestershire BS16 5HP3
£257.5K04/210.48 mi21, West Park Road, Bristol, South Gloucestershire BS16 5SH3
£370.1K02/230.49 mi31, Willow Bed Close, Bristol, City Of Bristol BS16 2WB3
£475K02/210.5 miTuckett House, Tuckett Lane, Bristol, South Gloucestershire BS16 1LL3
£290K10/210.52 mi33, Beaufort Road, Staple Hill, Bristol, South Gloucestershire BS16 5JU3

Local Area Statistics

Population in BS16

75,691

Population in Bristol

795,432

Town centre distance

3.53 miles away

Nearest school

0.20 miles away

Nearest train station

2.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Price changed to £425,000

March 8, 2025

Listed for £450,000

May 7, 2024

Floor Plans

Description

  • No Onward Chain +
  • Great Investment Opportunity +
  • Approved HMO +
  • Two Reception Rooms +
  • Scope To Extend +
  • Two Bathrooms +

Step into this inviting semi-detached family home nestled on the popular Overndale Road. This property presents an exceptional investment opportunity with its five-bed layout, offering ample space for a growing family or savvy investor.

From the front door you find two reception rooms providing flexible living and bedroom spaces. The kitchen breakfast room leads off the converted garage, which now serves as a convenient downstairs guest room/study and downstairs shower room.

The first floor includes three well-appointed bedrooms with a family bathroom.

Outside offers a generous sized garden, with off-street parking.

Conveniently situated, this property offers easy access to nearby schools, shops, and amenities in Downend, with excellent transport links only a short drive or walk away.

The Frome Valley, Lincombe Barn and Britannia Wood is a leisurely stroll from Overndale Road, with fantastic walks along the scenic Frome River, just moments away from your doorstep.

Council Tax Band: C
EPC Rating: D
Freehold

Agent Details

CJ Hole, Downend

0117 463 1588

Next Steps?

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