3 Bed Terraced House, Refurb/BRRR, Bristol, BS15 1RL, £230,000

Kingsholme Road, Bristol, BS15 1RL - 1 views - 9 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 5%
~82 m²
+10 photos

ValuationFair Value

Sold Prices£213K - £460K
Sold Prices/m²£2.4K/m² - £4.6K/m²

 

 

Square Metres

~82.30 m²
Price/m²£2.8K/m²

Value Estimate

£230,000

 

 

End Value (After Refurb)

£244,706

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,100

Refurb Costs

£33,628

Bridging Loan Interest

£6,038

Total Cash In

£107,015

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£244,706

Mortgage (After Refinance)

£183,530

Mortgage LTV

75%

Cash Released

£11,030

Cash Left In

£95,986

Equity

£61,177

Rent Range

£1,200 - £2,310

Rent Estimate

£1,590

Running Costs/mo

£1,103

Cashflow/mo

£487

Cashflow/yr

£5,848

ROI

5%

Gross Yield

8%

Local Sold Prices

50 sold prices from £213K to £460K, average is £285K. £2.4K/m² to £4.6K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£230K05/210.05 mi13, Elmtree Way, Bristol, South Gloucestershire BS15 1QS3
£300K03/230.07 mi27, Elmtree Way, Bristol, South Gloucestershire BS15 1QR3
£215K12/200.07 mi44, New Cheltenham Road, Bristol, South Gloucestershire BS15 1TL3
£235K11/200.1 mi24, Gilbert Road, Kingswood, Bristol, South Gloucestershire BS15 1RE3
£235K04/210.12 mi21, Worcester Road, Kingswood, Bristol, South Gloucestershire BS15 1RN3
£213K07/210.13 mi29, Southey Avenue, Bristol, South Gloucestershire BS15 1QT3
£235K11/200.13 mi15, Kimberley Road, Bristol, South Gloucestershire BS15 1RG3
£300K11/210.13 mi52, Syston Way, Bristol, South Gloucestershire BS15 1UJ3
£285K11/200.16 mi47, Downend Road, Kingswood, Bristol, South Gloucestershire BS15 1SG3
£250K03/210.16 mi55, Downend Road, Kingswood, Bristol, South Gloucestershire BS15 1SN3
£360K03/230.16 mi1, Southfield Avenue, Bristol, South Gloucestershire BS15 4BH3
£305K07/230.18 mi16, Kennington Avenue, Kingswood, Bristol, South Gloucestershire BS15 1SH3
£385.5K06/230.19 mi2, Northend Avenue, Bristol, South Gloucestershire BS15 1UD3
£335K03/230.19 mi7, Northend Avenue, Bristol, South Gloucestershire BS15 1UD3
£330K12/220.19 mi9, Northend Avenue, Bristol, South Gloucestershire BS15 1UD3
£315K07/210.2 mi19, Downend Road, Kingswood, Bristol, South Gloucestershire BS15 1RT3
£218K02/230.23 mi54, Wesley Hill, Bristol, South Gloucestershire BS15 1TU3
£260K02/210.24 mi10, Trinity Court, Kingswood, Bristol, South Gloucestershire BS15 4FG3
£351K10/220.24 mi22, Chase Road, Bristol, South Gloucestershire BS15 1TS3
£292K06/210.25 mi388, Soundwell Road, Bristol, City Of Bristol BS15 1JJ3
£315K05/230.25 mi3, Church Road, Kingswood, Bristol, South Gloucestershire BS15 4AU3
£275K09/210.26 mi28, Church Road, Kingswood, Bristol, Avon BS15 4AZ3
£218K10/210.26 mi29, Cotswold View, Kingswood, Bristol, South Gloucestershire BS15 1TY3
£302K07/230.26 mi43, Cotswold View, Kingswood, Bristol, South Gloucestershire BS15 1TY3
£251K09/210.26 mi71, Cotswold View, Kingswood, Bristol, South Gloucestershire BS15 1TY3
£258K09/210.27 mi11, Blackthorn Walk, Bristol, South Gloucestershire BS15 1TZ3
£279.9K03/210.27 mi19, Blackthorn Walk, Bristol, South Gloucestershire BS15 1TZ3
£250K04/210.28 mi39, Neville Road, Bristol, South Gloucestershire BS15 1XX3
£280K01/210.28 mi29, Neville Road, Bristol, South Gloucestershire BS15 1XX3
£250K08/210.29 mi166, Pound Road, Bristol, South Gloucestershire BS15 4QS3
£235K12/200.3 mi32, Lodge Road, Bristol, City Of Bristol BS15 1JA3
£290K07/230.31 mi8, Crown Road, Bristol, South Gloucestershire BS15 1PP3
£250K03/210.31 mi14, Crown Road, Bristol, South Gloucestershire BS15 1PP3
£258K12/200.31 mi5, Spring Hill, Kingswood, Bristol, South Gloucestershire BS15 1XY3
£364.3K02/230.31 mi46, Tower Road, Bristol, City Of Bristol BS15 1PG3
£285K01/230.31 mi21, Spring Hill, Kingswood, Bristol, South Gloucestershire BS15 1XT3
£286K04/210.31 mi19, Nympsfield, Bristol, South Gloucestershire BS15 1XP3
£285K06/210.32 mi56, Clare Road, Kingswood, Bristol, City Of Bristol BS15 1PQ3
£288.5K06/230.32 mi109, Alma Road, Kingswood, Bristol, South Gloucestershire BS15 4EG3
£305K05/230.32 mi113, Alma Road, Kingswood, Bristol, South Gloucestershire BS15 4EG3
£287K02/230.33 mi15, Laurel Street, Bristol, South Gloucestershire BS15 8NB3
£319K02/230.33 mi26, Britton Gardens, Kingswood, Bristol, City Of Bristol BS15 1TE3
£460K07/220.34 mi2, Nympsfield, Bristol, South Gloucestershire BS15 1XP3
£287K03/210.34 mi60, Lodge Road, Bristol, City Of Bristol BS15 1LE3
£340K04/210.34 mi61, Lodge Road, Bristol, City Of Bristol BS15 1LE3
£255K01/210.34 mi34a, Lansdown Road, Kingswood, Bristol, South Gloucestershire BS15 1XB3
£255K01/230.35 mi10, Selkirk Road, Bristol, City Of Bristol BS15 1PH3
£385K05/230.35 mi98, Spring Hill, Kingswood, Bristol, South Gloucestershire BS15 1XR3
£250K08/210.35 mi37, Britton Gardens, Kingswood, Bristol, City Of Bristol BS15 1TE3
£282K11/200.36 mi31, Lansdown Road, Kingswood, Bristol, South Gloucestershire BS15 1XA3

Local Rents

34 rents from £1.2K/mo to £2.3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,55004/240.13 miSouthey Avenue, Kingswood, Bristol3
£1,65003/240.17 miLondon Street, Kingswood3
£1,70004/240.18 miDownend Road- Kingswood3
£1,75004/240.19 miDownend Road, Kingswood, Bristol3
£1,50004/240.2 miNorth Park, Bristol3
£1,20004/240.21 miFairlyn Drive, Kingswood, Bristol3
£1,50002/250.23 mi-3
£1,40002/240.3 mi-3
£1,30003/240.31 miSpring Hill, Kingswood, Bristol3
£1,50012/240.34 mi-3
£1,50004/240.34 miBroad Road, Bristol, BS153
£1,59503/240.35 miSpring Hill, Kingswood, Bristol3
£2,19503/250.36 mi-3
£1,60003/240.37 miHalls Road, Kingswood3
£1,70003/240.38 miHigh Street, Kingswood, Bristol3
£1,60003/240.39 miSpring Hill, Kingswood3
£1,55003/240.4 miClare Road, Kingswood3
£1,55012/240.49 mi-3
£1,67503/240.5 miPembroke Road, Kingswood, Bristol3
£2,20003/240.54 miMoravian Road, Kingswood, Bristol, BS153
£2,31004/240.54 miWoodside Road, Kingswood, Bristol, BS153
£1,75001/250.55 mi-3
£1,30002/250.55 mi-3
£1,60003/240.56 miKennard Road, Bristol, BS153
£1,50004/240.56 miKennard Road, Bristol, BS153
£1,60003/240.56 mi-3
£1,50004/240.57 miCharlton Road, Kingswood, Bristol3
£1,40003/240.57 miCharlton Road, Bristol3
£1,50001/250.59 mi-3
£1,45002/250.59 mi-3
£1,65012/240.59 mi-3
£1,75001/250.6 mi-3
£1,57512/230.6 mi-3
£1,57502/240.6 mi-3

Local Area Statistics

Population in BS15

47,398

Population in Bristol

795,432

Town centre distance

3.58 miles away

Nearest school

0.30 miles away

Nearest train station

2.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+36%

Property History

Price changed to £230,000

September 25, 2024

Listed for £270,000

July 4, 2024

Floor Plans

Description

  • Being Sold By GOTO Online Auction +
  • Buy-It-Now Option Available +
  • Buyer’S Fees Apply +
  • NO ONWARD CHAIN +
  • Single Storey Extension To The Rear +
  • Landscaped Gardens With Patio And Artificial Lawn +
  • Close To Local Amenities +
  • Good Schools Nearby +
  • Good Transport Links Nearby +
  • In Need Of Some Modernisation +

The Property
Being sold with NO ONWARD CHAIN and IN NEED OF SOME MODERNISATION is this wonderful THREE BEDFROOM END OF TERRACE HOME. Extended to the rear light and spacious this superb property is PERFECT FOR FIRST TIME BUYERS or anyone looking to put their own stamp on their next property. Well situated in a popular location that is close to lots of local amenities including shops, schools and good transport links all nearby.

The accommodation briefly comprises porch, hallway, kitchen, living room and dining room to the ground floor with three bedrooms and a family bathroom to the floor above.

Further benefits include a landscaped rear garden with artificial lawn and patio areas, garden shed, rear access, off street parking to the front, double glazing and gas central heating.

Material information:
The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.

Property Description
Being Sold by GOTO Online Auction

Starting Bids from £230,000

Buy it now option available

Please call or visit Purplebricks Online Auctions for more information.

This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract has been received by the buyer’s solicitor (or 10 working days after receipt of the buyer’s premium, whichever is earlier). Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable reservation fee called a Buyer’s Premium. This secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.

Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by GOTO Auctions.

To book a viewing visit Purplebricks.

General Information
Auctioneer's Comments

This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be arranged.

The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from our website or requested from our Auction Department.

Buyer Fees
• Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer’s Premium of 3.6% of the purchase price including VAT (this is subject to a minimum amount of £6,600 including VAT) and a Legal Pack fee of £372 including VAT. This secures the transaction and takes the property off the market.
• Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland.

Disclaimer for virtual viewings

Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing. If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.

Agent Details

Purplebricks, covering Bristol

020 3834 8691

Next Steps?

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