3 Bed Terraced House, Single Let, Bristol, BS4 2RR, £475,000

Melbury Road, Knowle, Bristol, BS4 2RR - 2 views - 8 months ago

Sold STC
BTL
~93 m²
+20 photos

ValuationOvervalued

Sold Prices£355 - £610K
Sold Prices/m²£2K/m² - £5.4K/m²

 

 

Square Metres

~93 m²
Price/m²£5.1K/m²

Value Estimate

£348,073

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£26,700

Total Cash In

£145,450

 

 

Cash Out

 

Rent Range

£1,400 - £3,985

Rent Estimate

£1,500

Running Costs/mo

£1,804

Cashflow/mo

£-304

Cashflow/yr

£-3,652

Gross Yield

4%

Local Sold Prices

50 sold prices from £355 to £610K, average is £362.5K. £2K/m² to £5.4K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£345K04/210.02 mi65, Melbury Road, Bristol, City Of Bristol BS4 2RR3
£470K08/230.04 mi18, Melbury Road, Bristol, City Of Bristol BS4 2RP3
£403K11/210.04 mi62, Melbury Road, Bristol, City Of Bristol BS4 2RP3
£485K11/210.11 mi39, Stoneleigh Road, Bristol, City Of Bristol BS4 2RH3
£375K03/230.12 mi109, Queenshill Road, Bristol, City Of Bristol BS4 2XG3
£400K08/230.12 mi107, Queenshill Road, Bristol, City Of Bristol BS4 2XG3
£285K01/210.13 mi10, Salcombe Road, Bristol, City Of Bristol BS4 1AH3
£360K09/230.13 mi30, Salcombe Road, Bristol, City Of Bristol BS4 1AH3
£460K01/210.15 mi25, Stoneleigh Crescent, Bristol, City Of Bristol BS4 2RF3
£335.5K01/230.15 mi253, Redcatch Road, Bristol, City Of Bristol BS4 2HJ3
£297.5K02/230.16 mi27, Minehead Road, Bristol, City Of Bristol BS4 1BL3
£340K03/230.16 mi81, Broad Walk, Bristol, City Of Bristol BS4 2RD3
£497.5K11/200.17 mi254, Redcatch Road, Bristol, City Of Bristol BS4 2HJ3
£285K10/230.18 mi2, Green Walk, Bristol, City Of Bristol BS4 2SY3
£375K01/230.18 mi72, Stockwood Crescent, Bristol, City Of Bristol BS4 1AW3
£215K09/210.18 mi15, Exmouth Road, Bristol, City Of Bristol BS4 1AZ3
£325K04/230.19 mi19, Stockwood Crescent, Bristol, City Of Bristol BS4 1AN3
£280K12/200.21 mi70, Stockwood Crescent, Bristol, City Of Bristol BS4 1AW3
£305.5K10/210.22 mi54, Queenshill Road, Bristol, City Of Bristol BS4 2XQ3
£300.5K11/230.22 mi58, Queenshill Road, Bristol, City Of Bristol BS4 2XQ3
£535K01/230.22 mi20, Tennis Road, Bristol, City Of Bristol BS4 2HG3
£290K06/230.23 mi7, Newquay Road, Bristol, City Of Bristol BS4 1EB3
£447K08/210.23 mi67, Calcott Road, Bristol, City Of Bristol BS4 2HE3
£425K03/210.23 mi56, Calcott Road, Bristol, City Of Bristol BS4 2HE3
£285K09/210.24 mi16, Wellgarth Road, Bristol, City Of Bristol BS4 2SZ3
£35503/210.24 mi3, Wellgarth Road, Bristol, City Of Bristol BS4 2SZ3
£488K10/210.24 mi73, Bayham Road, Bristol, City Of Bristol BS4 2DP3
£278K09/210.25 mi69, Salcombe Road, Bristol, City Of Bristol BS4 1AG3
£378K01/230.25 mi12, Spring Gardens, Bristol, City Of Bristol BS4 2TZ3
£425K05/210.26 mi275, Redcatch Road, Bristol, City Of Bristol BS3 5DY3
£225K01/210.27 mi67, Minehead Road, Bristol, City Of Bristol BS4 1BP3
£340K08/230.27 mi36, Broad Walk, Bristol, City Of Bristol BS4 2RB3
£315K06/230.27 mi58, Broad Walk, Bristol, City Of Bristol BS4 2RB3
£610K02/230.28 mi34, Norton Road, Bristol, City Of Bristol BS4 2HA3
£235K05/210.28 mi78, Minehead Road, Bristol, City Of Bristol BS4 1BW3
£285K08/230.29 mi51, Exmouth Road, Bristol, City Of Bristol BS4 1BD3
£395K01/210.3 mi47, Beckington Road, Bristol, City Of Bristol BS3 5DZ3
£457.9K06/210.31 mi3, Norton Road, Bristol, City Of Bristol BS4 2EZ3
£242.5K12/200.31 mi53, Crossways Road, Bristol, City Of Bristol BS4 2SP3
£265K08/230.31 mi45, Newquay Road, Bristol, City Of Bristol BS4 1ED3
£233K11/200.31 mi45, Newquay Road, Bristol, City Of Bristol BS4 1ED3
£380K02/210.32 mi295, Redcatch Road, Bristol, City Of Bristol BS3 5EE3
£396K12/220.32 mi45, Queenshill Road, Bristol, City Of Bristol BS4 2XL3
£400K05/230.32 mi120, Sylvia Avenue, Bristol, City Of Bristol BS3 5BZ3
£444K01/210.33 mi388, Wells Road, Bristol, City Of Bristol BS4 2QP3
£450K03/210.33 mi11, Hengrove Road, Bristol, City Of Bristol BS4 2PR3
£500K08/210.34 mi38, Beckington Road, Bristol, City Of Bristol BS3 5EB3
£525K03/210.34 mi49, Belluton Road, Bristol, City Of Bristol BS4 2DN3
£218K11/200.34 mi51, Somerdale Avenue, Bristol, City Of Bristol BS4 1AD3
£365K06/210.35 mi31, Wingfield Road, Bristol, City Of Bristol BS3 5EF3

Local Rents

50 rents from £1.4K/mo to £4K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,95003/250.04 mi-3
£1,75012/240.13 mi-3
£1,40003/240.14 miStoneleigh Road, Knowle Bristol3
£1,80003/240.15 miRedcatch Road, Knowle, Bristol3
£1,80004/240.15 miRedcatch Road, Knowle, Bristol3
£1,60003/240.16 miStoneleigh Road, Bristol3
£1,60003/240.17 miStoneleigh Road, Bristol3
£1,75004/240.21 miRedcatch Road, Bristol, BS43
£1,80005/240.23 miTennis Road, Knowle, BS43
£1,95003/240.25 mi-3
£3,04005/240.25 mi-3
£1,60003/240.3 miBeckington Road, Knowle, Bristol3
£1,50003/240.31 miSomerdale Avenue, Knowle, Bristol, BS43
£1,75003/250.31 mi-3
£1,80011/240.35 mi-3
£1,50003/240.39 miMinehead Road, Knowle West3
£1,45003/240.4 miGreenleaze, Brislington3
£1,40005/240.42 miKingshill Road, Knowle Park, Bristol3
£1,80005/240.44 mi-3
£1,75003/240.46 miFirst Floor Flat, Haverstock Road, Totterdown, Bristol3
£1,70003/240.47 miSt Johns Crescent Bedminster, Bristol3
£3,26503/240.47 mi-3
£3,26503/240.47 mi-3
£3,26503/240.47 mi-3
£3,98504/250.47 mi-3
£1,60003/240.48 miWells Road, Knowle, Bristol3
£1,70004/250.48 mi-3
£1,60003/240.49 miSt. Johns Lane, Bedminster, Bristol3
£1,50003/240.5 miLisburn Road, Bristol3
£1,50003/240.5 miIlminster Avenue, Knowle, BS43
£1,71503/240.51 miDunster Road, Bristol, BS4 1BU3
£1,55002/240.51 mi-3
£1,65005/240.52 miHill Avenue, Victoria Park, Bristol, BS33
£1,95003/250.53 mi-3
£1,95004/250.53 mi-3
£3,76503/240.54 mi-3
£3,76502/240.54 mi-3
£3,76505/240.54 mi-3
£3,76504/240.54 mi-3
£3,76505/240.54 mi-3
£3,76505/240.54 mi-3
£3,98504/250.54 mi-3
£3,98504/250.54 mi-3
£1,55002/240.54 mi-3
£2,22511/240.54 mi-3
£2,20003/240.55 miHill Avenue - Victoria Park3
£2,10005/240.55 miHill Avenue, Victoria Park, Bristol, BS33
£2,50005/240.58 mi-3
£2,50005/240.58 mi-3
£2,50003/240.58 miFirfield Street, Bristol, BS43

Local Area Statistics

Population in BS4

47,993

Population in Bristol

795,432

Town centre distance

2.67 miles away

Nearest school

0.10 miles away

Nearest train station

0.92 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-50%

Sales demand

Seller's market

Capital growth (5yrs)

+34%

Property History

Listed for £475,000

August 22, 2024

Sold for £384,000

2021

Sold for £240,000

2015

Floor Plans

Description

  • Melbury Road +
  • Three bedrooms +
  • End terrace +
  • New roof +
  • South facing garden +
  • Driveway +
  • Kitchen/diner +
  • Garage +
  • Excellent condition throughout +
  • Area - 108m2 +

In excellent condition throughout, this 1930s end of terrace home on Melbury Road is ready to move into and enjoy!

Overview

This beautifully presented end-terraced house on Melbury Road in Bristol offers a rare opportunity to own a charming property in a sought-after location.

On the ground floor is the entrance hallway which has plenty of space and a warm feel, the stylishly decorated living room which has a large bay window that lets in plenty of light and a log burner in the exposed brick fireplace. Beautifully restored, original parquet flooring runs through the hallway and living room giving warmth and continuity to the spaces.

The kitchen/diner is at the back of the house and the first striking feature is the amount of sunlight flooding into the room! Perfect for family meals or entertaining guests, there is space for a large dining table while the kitchen itself is of a contemporary style with white handless frontage. The Neff induction hob and double oven are integrated. Completing the ground floor is a utility space and WC off the kitchen.

Upstairs are the three bedrooms and family bathroom. Bright and airy bedroom 1 benefits from the upstairs bay window and an excellent amount of space for furniture while bedroom 2 which is also generously sized boasts a view over the garden. Bedroom 3 is an ideal room for a small child or office space, the bathroom has a white suite including a shower over the bath.

With access off the landing via a newly installed loft hatch with a pull down ladder, there is ample space in the attic for those looking to extend upwards and add another bathroom and a bedroom or two!

Outside

The rear garden is one of the highlights of this property! Almost exactly South facing, there is a recently re-done seating area outside the patio doors providing a perfect space for outdoor dining or just relaxing in the sun! The back half of the garden is full of life with an area of lawn surrounded by mature plants and shrubs. There is a gate at the end of the garden that allows for access to the gated part of the lane. Finally, there is the garage - split into two areas currently, there is great potential for the space. Converting at least some of it into a garden office or studio could provide the increasingly sought after additional room/space.
There is a driveway for two cars at the front of the house as well as a gate through to the garden which is ideal for bikes or muddy dogs!

Location

Close to Redcatch park which includes a play park, community garden and café, the house is ideally located for access into central Bristol. Temple Meads is 1.4 miles away, Wapping Wharf and North Street are 1.6 miles and 1.7 miles away respectively, an easy cycle ride. For primary schooling, Knowle Park is closest at 0.4 miles while Hillcrest and Victoria Park are in the vicinity.

We think...

This is a great potential purchase for someone looking for a little more than one of these properties typically offers! Ready to move into and enjoy from day one while offering scope to improve further through a loft conversion or rear extension, what's not to love!

Material information (provided by owner)

This property is freehold, the EPC rating is E and the council tax band is C.

Agent Details

Ocean, Knowle

0117 463 0105

Next Steps?

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