5 Bed Detached House, Refurb/BRRR, Bristol, BS48 3DB, £1,250,000

20 Hyatts Wood Road, Backwell, Bristol, BS48 3DB - 7 months ago

Refurb/BRRR
~178 m²
+9 photos

ValuationOvervalued

Sold Prices£380K - £131.5M
Sold Prices/m²£2.6K/m² - £490.7K/m²

 

 

Square Metres

~178.28 m²
Price/m²£7K/m²

Value Estimate

£572,475

 

 

End Value (After Refurb)

£649,121

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£312,500

Stamp Duty & Legal Fees

£104,950

Refurb Costs

£72,142

Bridging Loan Interest

£32,813

Total Cash In

£524,155

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£649,121

Mortgage (After Refinance)

£486,841

Mortgage LTV

75%

Cash Left In

£524,155

Equity

£162,280

Rent Range

£1,350 - £3,000

Rent Estimate

£2,040

Running Costs/mo

£2,457

Cashflow/mo

£-417

Cashflow/yr

£-4,998

Gross Yield

2%

Local Sold Prices

24 sold prices from £380K to £131.5M, average is £744K. £2.6K/m² to £490.7K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£580K10/201.76 miThe Garden House, 4a, Redcroft, Redhill, Bristol, North Somerset BS40 5SL5
£750K05/211.87 miApple Tree Cottage, Barrow Street, Barrow Gurney, Bristol, North Somerset BS48 3RY5
£657K12/221.87 mi28, Hilldale Road, Backwell, Bristol, North Somerset BS48 3JZ5
£1.2M04/231.9 mi50, Church Lane, Backwell, Bristol, North Somerset BS48 3PQ5
£840K03/211.94 mi1, Dark Lane, Backwell, Bristol, North Somerset BS48 3NT5
£690K11/221.99 mi11, Karen Drive, Backwell, Bristol, North Somerset BS48 3JT5
£625K07/231.99 mi4, Karen Drive, Backwell, Bristol, North Somerset BS48 3JT5
£850K11/222 mi3, Linemere Close, Backwell, Bristol, North Somerset BS48 3PX5
£652.5K06/212.02 mi11, St Margarets Lane, Backwell, Bristol, North Somerset BS48 3JR5
£795K09/212.03 mi108a, Church Lane, Backwell, Bristol, North Somerset BS48 3JW5
£1.0M03/212.05 mi7, The Grange, Flax Bourton, Bristol, North Somerset BS48 3QH5
£738K08/232.1 mi10, Robinson Way, Backwell, Bristol, North Somerset BS48 3BP5
£131.5M04/212.15 miNorth Coombe, Main Road, Brockley, Bristol, North Somerset BS48 3AS5
£690K08/212.17 mi15, Parsons Mead, Flax Bourton, Bristol, North Somerset BS48 1UH5
£380K12/202.19 mi1, Russell Close, Winford, Bristol, North Somerset BS40 8EF5
£1.3M10/222.21 mi14, Chapel Lane, Winford, Bristol, North Somerset BS40 8EU5
£499.9K06/212.22 mi36, Rodney Road, Backwell, Bristol, North Somerset BS48 3HB5
£1.1M11/222.77 miHigh Banks House, The Street, Regil, Bristol, North Somerset BS40 8BB5
£735K05/212.83 mi131, Main Road, Cleeve, Bristol, North Somerset BS49 4PW5
£995K02/232.83 miThe Barton, Ropers Lane, Wrington, Bristol, North Somerset BS40 5NF5
£416K06/212.83 mi5, Green Lane, Butcombe, Bristol, North Somerset BS40 7US5
£883K12/212.9 mi5, Bucklands View, Nailsea, Bristol, North Somerset BS48 4TZ5
£875K03/232.91 miBridleway Farm, The Street, Regil, Bristol, North Somerset BS40 8BD5
£725K06/212.92 mi1, Bucklands Drive, Nailsea, Bristol, North Somerset BS48 4PH5

Local Rents

8 rents from £1.4K/mo to £3K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,35006/241.87 mi-3
£1,80004/242.02 miParsonage Lane, Winford, Bristol4
£1,95012/242.04 miThe Stables, Upper Meadow4
£1,60004/242.06 miMoodys Leigh, Backwell, Bristol3
£1,55002/252.09 mi-2
£3,00003/242.12 miWrington Hill, Wrington, Bristol, BS404
£1,70006/242.23 mi-3
£1,85006/242.25 mi-3

Local Area Statistics

Population in BS48

23,191

Population in Bristol

795,432

Town centre distance

7.54 miles away

Nearest school

1.80 miles away

Nearest train station

2.72 miles away

 

 

Rental growth (12m)

-3%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £1,250,000

August 13, 2024

Floor Plans

Description

  • 5 Bedrooms +
  • Agricultural buildings +
  • 28.41 acres +

Nestled on the southern fringes of the city of Bristol is this five bedroom detached farmhouse, together with a range of modern and traditional agricultural buildings situated in 28.41 acres. The property presents a once in a lifetime opportunity to acquire an agricultural property with excellent commuter links and the benefit of no onward chain.

A once in a generation opportunity to purchase this expansive five bedroom detached farmhouse, nestled on the southern fringes of Bristol. Boasting an array of useful agricultural buildings and productive pasture land, Downside Farm is exceptionally suited to a livestock farming enterprise or amenity uses subject to the necessary statutory consents.
The farmhouse comprises a substantial detached residence, which is in need of modernisation throughout. The property is of stone construction under a rendered finish with a pitched tiled roof. The accommodation is available over two floors and more particularly comprises the following:

On the ground floor
Entrance Door leads to hallway with cupboard off, leading through to Kitchen with fitted floor units, stainless steel sink and drainer, radiator. To the left of the entrance hallways is a Sitting Room with log burner in stone surround and exposed beams, leading through to Lounge/Family Room with radiator, open fireplace with tiled hearth and exposed beams offering character to the property. To the rear of the reception hall is a large Cold Store with flagstone floor throughout and sink with low level WC in a tiled surround.

On the First Floor
Bedroom 1 with radiators leading to Bedroom 2 and Bedroom 3. Bedroom 4 has fitted cupboards and damage to roof to one end and surrounding the chimney there are signs of damp. To the rear of the first floor is Bedroom 5 and adjacent a Bathroom comprising low level WC, pedestal wash hand basin, part tiled walls, heated towel rails and frosted windows with shower and bath.
The internal accommodation comprises spacious living which does require modernisation throughout but allows prospective purchasers an opportunity to develop the characterful property further.
For full details of measurements please refer to the floor plan.

To the front of the property is a level lawned garden with a stone rendered wall, with a patio area, ornamental features and a greenhouse. Adjacent is a traditional barn providing useful garden storage.

Agricultural Buildings
To the rear of the main residence are and extensive range of traditional and modern agricultural buildings which have previously been used in connection with the running of the livestock farm and formerly a dairy farm over the years. The buildings offer potential for prospective purchasers to develop them for alternative uses, subject to obtaining the necessary statutory consents.
The buildings principally comprise the following with numbering taken from the plan enclosed: -
Building 1:- Storage Building:- 12.54m x 9.12m being mono-pitched timber frame with a box profile tin roof with stone floor and used for general storage.
Buildings 2, 3, 4: - Traditional Building:- comprise a small range of traditional barns which measure 5.03m x 2.83m, being a lean-to off comprising tin roof, timber frame with tin sides and concrete floor with further barn measuring 6.32m x 5.11m and further section measuring 6.32m x 4.37m, all being traditional stone under a pitched roman tile roof with concrete floor throughout.
Building 5:- Workshop 3.69m x 5.59m being mono-pitch under an asbestos roof and sides, steel sheeted doors and steel frame construction.
Building 6:- Storage Building 6.41m x 7.45m and 10.32m x 13.79m being a steel mono-pitched building with concrete floor, asbestos roof and sides, tin sheeted doors with a further lean-to off (building 7) measuring 3.54m x 6.31m being steel framed under an asbestos sheeted roof, with additional lean-to (building 8) off comprising three loose boxes with concrete block walls with concrete floors, steel doors, each measuring 4.45m x 3.13m, 4.21m x 3.06m and 4.47m x 6.88m which are currently used as stables.
Building 10:- Cubicle Shed 5.8m x 12.55m being concrete block construction with steel trusses with concrete floor, feed mangers to one side, part rendered.
Building 11:- Dutch barn 13.68m x 6.10m with tin roof being steel framed with a dirt floor with lean-to off measuring 5.92m x 13.68m.
Building 12:- Cubicle Shed, former Somerset cubicle building 22m x 14.12m being portal frame under an asbestos sheeted roof with tin sides and concrete floor.
Building 13:- Former milking parlour 4.63m x 7.40m being box profile tin sheeted sides, concrete floor, sliding door under an asbestos roof, leading through to dairy measuring 3.96m x 4.61m.
Building 14:- Storage building 3.02m x 4.96m being a lean-to off the main residence under an asbestos sheeted roof with timber uprights.
Building 15:- Traditional stone and concrete block barn with concrete floor under a pitched roman tiled roof with two steel doors measuring 4.41m x 4.24m and 4.33m x 5m with access to the house to one end only.
Building 16:- Traditional stone building of mono-pitch construction under a part roman tiled roof.
Building 17:- measuring 3.66m x 11m red brick under a dual pitched roman tiled roof, in a dilapidated condition.
Building 18:- Traditional stone barn, 8.12m x 4.57m with a concrete floor and dual pitched roman tiled roof with lean-to off measuring 2.44m x 5.96m with tin roof and sides with dirt floor.
Building 19:- Fodder Store 15.09m x 13.71m being steel portal framed building under fibre cement sheeted roof with box profile tin sides and part concrete block walls with stone floor.
Situated adjacent is a slurry pit which is currently used for the surface water from the concrete yard areas and flows into a soakaway.
Building 20:- Immediately adjacent to the house is a small lean-to off measuring 3.59m x 2.17m being traditional stone with rendered finish, concrete floor and part roman tiled roof.
The buildings offer a versatile range of modern and traditional buildings which are ideally suited to a range of alternative uses subject to the necessary statutory consents.

The Land
The land comprises a ring-fence block of agricultural pasture land which extends in total to 80.04 acres (32.39 hectares). The land is gently sloping in gradient and is bordered by well maintained boundary hedgerows and mature hedges to part. Part of the land forming Lot 2 is laid to woodland and offers potential for a variety of alternative uses, subject to the necessary statutory consents. There are two public footpaths which traverse the land as indicated on the site plan. The land is classified as Grade III under the DEFRA Land Classification Map and comprises a freely draining base rich soils. The access to Lot 1 leads directly on to Hyatts Wood Road to the west. Access to Lot 2 is situated to the north via a short stretch of track which leads on to Hyatts Wood Road to the west. The land has the benefit of mains water connected with numerous water troughs serving the principle parcels. In the event that the purchaser of Lot 2 is different from that of Lot 1, a sub-meter will need to be installed to retain the mains water supply, which will be at the cost of the purchaser of Lot 2. The individual land parcels and areas are included on the site plan.

Agent Details

Greenslade Taylor Hunt, Redhill

0117 203 5577

Next Steps?

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