3 Bed Semi-Detached House, Refurb/BRRR, Bristol, BS48 3JX, £525,000

43 Oakleigh Close, Backwell, North Somerset BS48 3JX - 7 months ago

Sold STC
Refurb/BRRR
113 m²
+6 photos

ValuationOvervalued

Sold Prices£235K - £650K
Sold Prices/m²£2.9K/m² - £6.4K/m²

 

 

Square Metres

113 m²
Price/m²£4.6K/m²

Value Estimate

£449,103

 

 

End Value (After Refurb)

£525,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£131,250

Stamp Duty & Legal Fees

£30,700

Refurb Costs

£45,726

Bridging Loan Interest

£13,781

Total Cash In

£223,207

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£525,000

Mortgage (After Refinance)

£393,750

Mortgage LTV

75%

Cash Left In

£223,207

Equity

£131,250

Rent Range

£725 - £2,250

Rent Estimate

£1,329

Running Costs/mo

£1,927

Cashflow/mo

£-598

Cashflow/yr

£-7,176

Gross Yield

3%

Local Sold Prices

26 sold prices from £235K to £650K, average is £367.5K. £2.9K/m² to £6.4K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£500K02/210.05 mi38, Oakleigh Close, Backwell, Bristol, North Somerset BS48 3JU3
£590K03/210.09 mi60, Karen Drive, Backwell, Bristol, North Somerset BS48 3JS3
£390K03/210.09 mi4, St Margarets Lane, Backwell, Bristol, North Somerset BS48 3JR3
£650K05/230.11 mi2, St Margarets Close, Backwell, Bristol, North Somerset BS48 3JD3
£575K11/220.17 mi25, Hilldale Road, Backwell, Bristol, North Somerset BS48 3JZ3
£625K02/230.2 mi57, West Town Road, Backwell, Bristol, North Somerset BS48 3HG3
£600K06/230.27 mi9, St Andrews Road, Backwell, Bristol, North Somerset BS48 3NR3
£475K02/210.33 mi99a, West Town Road, Backwell, Bristol, North Somerset BS48 3BQ3
£435K12/200.35 mi14, Mulberry Close, Backwell, Bristol, North Somerset BS48 3HX3
£495.9K10/220.46 mi6, The Crescent, Backwell, Bristol, North Somerset BS48 3NL3
£505K12/220.47 mi12, The Crescent, Backwell, Bristol, North Somerset BS48 3NL3
£365K12/200.53 mi51, Westfield Road, Backwell, Bristol, North Somerset BS48 3ND3
£360K09/210.6 mi15, Long Thorn, Backwell, Bristol, North Somerset BS48 3GZ3
£600K03/230.66 mi51, Station Road, Backwell, Bristol, North Somerset BS48 3LN3
£295K08/220.66 mi47, Moorfield Road, Backwell, Bristol, North Somerset BS48 3NX3
£295K11/200.68 mi53, Moorfield Road, Backwell, Bristol, North Somerset BS48 3NY3
£235K06/210.69 mi11, Amberlands Close, Backwell, Bristol, North Somerset BS48 3LW3
£305K02/230.69 mi9, Amberlands Close, Backwell, Bristol, North Somerset BS48 3LW3
£235K06/210.69 mi11, Amberlands Close, Backwell, Bristol, North Somerset BS48 3LW3
£270K04/210.76 mi11, Waverley Road, Backwell, Bristol, North Somerset BS48 3LP3
£347K01/210.77 mi42, Waverley Road, Backwell, Bristol, North Somerset BS48 3LQ3
£350K10/220.78 mi36, Waverley Road, Backwell, Bristol, North Somerset BS48 3LQ3
£262K12/200.78 mi15, Combeside, Backwell, Bristol, North Somerset BS48 3LR3
£257.5K04/210.79 mi7, Chelsfield, Backwell, Bristol, North Somerset BS48 3LU3
£257.5K04/210.79 mi7, Chelsfield, Backwell, Bristol, North Somerset BS48 3LU3
£370K11/210.98 mi114, Farleigh Road, Backwell, Bristol, North Somerset BS48 3PF3

Local Rents

50 rents from £725/mo to £2.3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,55002/250.27 mi-2
£1,60004/240.29 miMoodys Leigh, Backwell, Bristol3
£1,45007/230.66 mi-3
£1,95012/240.72 miThe Stables, Upper Meadow4
£1,50007/230.79 mi-3
£1,47512/241.22 miAvening Close, Nailsea, Bristol, BS483
£1,90012/241.33 miBude Close, Nailsea, Bristol, BS484
£2,05004/241.35 miBude Close, Nailsea, Bristol, BS484
£1,10012/241.43 miNailsea, North Somerset 2
£1,99512/241.44 mi-2
£2,25002/251.44 mi-2
£1,60012/241.54 miWithy Wood Place, Nailsea, Bristol, Somerset, BS483
£1,30012/241.58 miBlandford Close, Nailsea, North Somerset, BS483
£1,20004/241.58 miBlandford Close, Nailsea, Bristol, BS483
£1,10004/241.62 miDorchester Close, Nailsea, Bristol3
£1,30006/231.62 mi-3
£99512/241.73 miSomerset Square, Crown Glass Shopping Centre, Nailsea1
£1,90003/241.76 miGreen Pastures Road, Nailsea, Bristol, BS484
£1,80003/241.79 miAllington Gardens, Nailsea, North Somerset4
£1,80003/241.8 miBarns Close, Nailsea, North Somerset, BS484
£90003/241.81 miHigh Street, Nailsea, Bristol1
£1,60003/241.81 miGlassworks Mews, BS483
£95003/241.82 miHigh Street, Nailsea, Bristol1
£87503/241.83 miHigh Street, Nailsea, North Somerset, BS481
£1,29512/241.84 miNailsea, North Somerset2
£1,30012/241.85 miWoodview Terrace, Nailsea, Bristol, BS48 1AT3
£1,79505/241.89 mi-3
£1,10012/241.91 miGoss Lane, BS482
£1,50012/241.95 miEngine Lane, Nailsea, Bristol, BS483
£1,29512/241.98 miFrench Close, Nailsea3
£89502/231.98 mi-2
£95002/241.98 mi-2
£79004/231.99 mi-1
£89503/251.99 mi-1
£72512/242 miWoodhill Views, Nailsea, North Somerset, BS481
£85012/242 miWoodhill Views, Nailsea, Bristol, BS481
£99503/242.03 miCoates House, 4 High Street, Nailsea, BS482
£1,15003/242.04 miEastway Square, Nailsea, North Somerset, BS483
£1,65004/242.08 miBeechwood Road, Nailsea, North Somerset, BS483
£1,50003/242.08 miBeechwood Road, Nailsea, Bristol, Somerset, BS483
£90004/242.09 mi-1
£75012/242.1 miA superb studio apartment at Avalon House1
£1,35004/242.1 miMilton Close, Nailsea, North Somerset, BS483
£1,25012/242.1 miClevedon Road, Nailsea, North Somerset, BS482
£1,30004/242.1 mi8 Cleeve Court, Main Road, BS492
£95004/242.1 miMain Road, BS491
£1,30012/242.14 miFosse Way, Nailsea, North Somerset, BS483
£1,60003/242.17 miGreenfield Crescent, Nailsea, Bristol3
£82503/242.18 miNorthampton House, Wraxall, Bristol, Somerset, BS481
£1,37509/232.19 mi-3

Local Area Statistics

Population in BS48

23,191

Population in Bristol

795,432

Town centre distance

7.78 miles away

Nearest school

0.40 miles away

Nearest train station

0.82 miles away

 

 

Rental growth (12m)

-3%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £525,000

August 23, 2024

Floor Plans

Description

  • A spacious 3 bedroom home with an extensive garden +
  • Priced to reflect the need for updating +
  • Available without any chain delays +
  • Sought after quiet village location +

A wonderful opportunity for you to put your own stamp on this substantial 1950's Voisey built home located in a highly sought after avenue in Backwell. The house is in need of some updating but offers generously proportioned living space including 2 separate reception rooms and 3 very comfortable bedrooms, a drive and garage together with a lovely south westerly facing garden.

The house stands on the southern edge of the sought-after village of Backwell, well away from any through traffic, areas of new development but close to picturesque open countryside but still within very easy walking distance of the village centre, the infant school, junior school and Backwell Secondary School.

Other amenities in Backwell include a series of local shops, two pubs, a Tennis Club, a football club, a gym and a swimming pool. A wider range of facilities are offered in neighbouring Nailsea including a large Tesco and Waitrose supermarket. Backwell is also well placed for Bristol which is just 8 miles away and is easily accessible by car, bus train or bicycle via the SUSTRANS national cycle network.

The House and Garden:
The house offers tremendous scope to extend if ever required, though the accommodation is already generous with an open porch sheltering the front door and leading into the very welcoming traditional reception hall that includes a quarter return staircase rising to the part galleried landing above. There is a cloakroom off the hall and doors open to the reception rooms and kitchen.

The feeling of space continues throughout the house, with the attractive light airy living room arranged to offer an outlook to the front with a broad bay window. There is a feature local stone fireplace, and the almost square dimensions make the room easy to furnish.

A separate dining room opens to and overlooks the extensive rear garden with sliding patio doors leading to a patio area. Alongside the dining room is the spacious kitchen which does need updating. The kitchen is fitted with a selection of wall and floor cupboards, an eye level electric double oven grill and an inset ceramic hob with a concealed extractor above. There is an integrated dishwasher and an inset one and a half bowl stainless steel sink. One of the wall cupboards conceals the gas boiler. A door at the side of the kitchen leads to the covered passageway in between the house and garage. From here there is access to the utility room and a built in storage cupboard, the garage and the front and rear gardens.

The utility room has a range of fitted cupboards and a window to the rear.

On the first floor the landing is a really useable area lending itself to a study space and of course giving access to the bedrooms and bathroom. All three bedrooms are of good size with the principal and second bedroom both having fitted wardrobes.

For those wishing to have an ensuite bathroom (shower room), the principal is large enough to create a separate en suite and we can show examples of houses again of the same design where this alteration has been carried out.

The fully tiled family bathroom has a window to the side and the classic white suite comprises a bath with shower over and glass shower screen, pedestal wash hand basin, and a low level WC.

Outside:
A pillared gateway with double wrought iron gates opens to the drive that provides parking and leads to the single garage with metal up and over door, light and power connected.

The garden at the front is mainly laid to lawn with shaped borders and a reconstituted low stone wall with a further gateway gate and path to the front door.

At the rear of the property the garden is extensive and mature with the majority laid to lawn framed by a series of established trees and shrubs providing plenty of screening.

Services & Outgoings:
All main services are available. Gas fired central heating through radiators. Full double glazing. High speed ADSL and superfast broadband are available with download speeds up to 1Gb or better via cable. Cable TV services are also available in the close.

Council Tax Band = E

Energy Performance:

The house has an energy rating of D-59

Our London Property Exhibitions:
See this property featured at our next exhibition in London.

Viewing:
By appointment with the the agents.

Agent Details

Hensons, Nailsea

01275 402648

Next Steps?

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