2 Bed Terraced House, Single Let, Bristol, BS20 7PD, £230,000

Merchant Square, Portishead, Bristol, BS20 7PD - 9 months ago

Leasehold
BTL
ROI: 2%
~55 m²
+7 photos

ValuationUndervalued

Sold Prices£162.5K - £470K
Sold Prices/m²£2.9K/m² - £7.3K/m²

 

 

Square Metres

~54.79 m²
Price/m²£4.2K/m²

Value Estimate

£248,584
BMV8%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£12,700

Total Cash In

£70,200

 

 

Cash Out

 

Rent Range

£1,050 - £1,650

Rent Estimate

£1,080

Running Costs/mo

£955

Cashflow/mo

£125

Cashflow/yr

£1,503

ROI

2%

Gross Yield

6%

Local Sold Prices

37 sold prices from £162.5K to £470K, average is £283K. £2.9K/m² to £7.3K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£275K09/210.15 mi61, Lower Burlington Road, Portishead, Bristol, North Somerset BS20 7BP2
£470K04/210.24 mi42, Lockside, Portishead, Bristol, North Somerset BS20 7AE2
£325K01/230.26 mi23, Eastcliff, Portishead, Bristol, North Somerset BS20 7AB2
£295K02/210.26 mi31, Eastcliff, Portishead, Bristol, North Somerset BS20 7AB2
£300K10/210.26 mi7, Turnstone Avenue, Portishead, Bristol, North Somerset BS20 7NS2
£270K04/210.27 mi140, Forth Avenue, Portishead, Bristol, North Somerset BS20 7NY2
£292K09/210.29 mi6, Whimbrel Avenue, Portishead, Bristol, North Somerset BS20 7PA2
£296K03/230.32 mi6, Lundy Gate, Portishead, Bristol, North Somerset BS20 7GS2
£297.5K07/210.34 mi8, Sanderling Place, Portishead, Bristol, North Somerset BS20 7NW2
£300K04/230.34 mi101, Eastcliff, Portishead, Bristol, North Somerset BS20 7AD2
£335K07/230.35 mi11, Shannon Walk, Portishead, Bristol, North Somerset BS20 7GW2
£232K11/200.37 mi12, Tansy Lane, Portishead, Bristol, North Somerset BS20 7JL2
£255K12/200.38 mi23, Peartree Field, Portishead, Bristol, North Somerset BS20 7LE2
£258K10/200.38 mi9, Peartree Field, Portishead, Bristol, North Somerset BS20 7LE2
£162.5K08/230.4 mi6, Clockhouse Mews, Portishead, Bristol, North Somerset BS20 7HS2
£300K10/220.42 mi38, Galingale Way, Portishead, Bristol, North Somerset BS20 7LU2
£270K08/230.42 mi26, Galingale Way, Portishead, Bristol, North Somerset BS20 7LU2
£322K12/220.47 mi29, Goldcrest Way, Portishead, Bristol, North Somerset BS20 7ND2
£415K10/230.54 mi69, Brampton Way, Portishead, Bristol, North Somerset BS20 6YT2
£265K02/210.56 mi9, Wagtail Crescent, Portishead, Bristol, North Somerset BS20 7PY2
£257K01/210.57 mi36, Lambourne Way, Portishead, Bristol, North Somerset BS20 7LQ2
£250K11/200.6 mi19, Aelfric Meadow, Portishead, Bristol, North Somerset BS20 7LB2
£318K08/230.64 mi14, Jacobs Meadow, Portishead, Bristol, North Somerset BS20 7LN2
£275K10/210.64 mi17, Jacobs Meadow, Portishead, Bristol, North Somerset BS20 7LN2
£257K05/210.64 mi41, Jacobs Meadow, Portishead, Bristol, North Somerset BS20 7LN2
£259K04/210.64 mi39, Jacobs Meadow, Portishead, Bristol, North Somerset BS20 7LN2
£285K01/210.68 mi93, Heron Gardens, Portishead, Bristol, North Somerset BS20 7BN2
£301.3K07/230.68 mi93, Heron Gardens, Portishead, Bristol, North Somerset BS20 7BN2
£285K06/210.7 mi22, Heron Gardens, Portishead, Bristol, North Somerset BS20 7DH2
£399.9K03/210.7 mi55b, Heron Gardens, Portishead, Bristol, North Somerset BS20 7DH2
£260K02/230.71 mi49a, West Hill, Portishead, Bristol, North Somerset BS20 6LG2
£283K09/210.76 mi6, Clarence Gardens, Portishead, Bristol, North Somerset BS20 6BN2
£330K01/210.77 mi7, Court Close, Portishead, Bristol, North Somerset BS20 6UX2
£211K12/220.77 mi27, Portland Drive, Portishead, Bristol, North Somerset BS20 6YQ2
£245K08/210.78 mi39, Portland Drive, Portishead, Bristol, North Somerset BS20 6YQ2
£280K07/230.85 mi9, The Paddock, Portishead, Bristol, North Somerset BS20 6QX2
£278K07/230.85 mi18, The Paddock, Portishead, Bristol, North Somerset BS20 6QX2

Local Rents

37 rents from £1.1K/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30002/250.03 mi-2
£1,25012/240.03 miMerchant Square - Portishead2
£1,20004/240.06 miNewfoundland Way, Portishead, North Somerset, BS202
£1,20012/240.06 miNewfoundland Way, Portishead, North Somerset, BS202
£1,25003/250.09 mi-2
£1,40003/250.1 mi-2
£1,09012/240.11 miEstuary House, Lower Burlington Road, Portishead, BS202
£1,20012/240.15 miCentre Quay, Lower Burlington Road, Portishead, North Somerset, BS202
£1,20003/240.16 miNavigators Court - Portishead Marina2
£1,20012/240.19 miWaters Edge, Port Marine, Portishead, BS202
£1,30003/240.21 miForth Avenue, Portishead, Bristol, Somerset, BS202
£1,65012/240.24 miLockside, Portishead, North Somerset, BS202
£1,20003/240.25 miGuillemot Road, Portishead2
£1,25012/240.25 miGuillemot Road, Portishead2
£1,20012/240.26 mi-2
£1,25001/250.26 mi-2
£1,35012/240.26 miKeel Avenue, Portishead, Bristol, BS202
£1,15003/240.26 miBPC02202 Pennant Place, Bristol2
£1,50012/240.26 miBurlington Road, Portishead, BS202
£1,25012/240.27 miForth Avenue - Portishead2
£1,30003/240.27 miEastcliff - Portishead Marina2
£1,15012/240.27 miGuillemot Road, Portishead, North Somerset, BS202
£1,37512/240.28 miNewfoundland Way, Portishead, Bristol, Somerset, BS202
£1,25012/240.29 miWoodacre, Portishead, Bristol, BS202
£1,20012/240.31 mi-2
£1,20012/240.31 miSouth Road, Portishead, Bristol, BS202
£1,10003/240.31 miSouth Road, Portishead, Bristol, BS202
£1,29503/240.33 miNewfoundland Way - Portishead Marina2
£1,45012/240.33 miNewfoundland Way, Portishead2
£1,29503/240.33 miNewfoundland Way - Portishead Marina2
£1,20003/240.35 miWoodacre (The Edge), Port Marine, Portishead, North Somerset, BS202
£1,15003/240.35 miKittiwake Drive, Portishead, North Somerset, BS202
£1,30003/240.37 miCamomile Walk, Portishead2
£1,10012/240.38 miHigh Street, Portishead, Bristol2
£1,30003/240.39 miKittiwake Drive, Portishead, BRISTOL2
£1,27512/240.39 miEastcliff - Portishead Marina2
£1,05012/240.59 miHigh Street, Portishead, Bristol, Somerset, BS202

Local Area Statistics

Population in BS20

30,042

Population in Bristol

795,432

Town centre distance

7.42 miles away

Nearest school

0.10 miles away

Nearest train station

2.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Listed for £230,000

June 24, 2024

Floor Plans

Description

  • Two Bedroom First Floor Apartment +
  • Bright And Spacious Open Plan Living +
  • Sun Terrace +
  • Wonderful Marina Location +
  • One Allocated Car Port +
  • Double Glazing & Gas Central Heating +
  • NO CLADDING ISSUES +
  • EPC Rating C & Council Tax Band C +
  • Tenure: Leasehold +

NO CLADDING ISSUES! This property has an EWS1 certificate, meaning it is suitable for mortgages. LIVE THE MARINA LIFESTYLE.. Situated only stones throw away from Portishead's vibrant Marina, with it's many restaurants and cafes, is this wonderful two bedroom first floor apartment in Merchant Square. Benefitting from a thoughtful and open-plan layout, with a bright and airy living / dining room / kitchen and a fantastic sun terrace, this apartment would make a fabulous home, in a location which is highly admired. Featuring two bedrooms of great proportions, as well as a modern kitchen with breakfast bar overlooking the living area, and a sleek and simple bathroom, who would not want to have the Marina lifestyle. Further benefits include an allocated car port and visitors parking, as well as double glazing throughout, and gas central heating.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

CLV240216/2

Agent Details

Reeds Rains, Portishead

01275 403080

Next Steps?

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