7 Bed Terraced House, Refurb/BRRR, Bristol, BS40 7UX, £1,600,000

The Batch, Butcombe, North Somerset, BS40 7UX - 1 views - 7 months ago

Under Offer
Refurb/BRRR
~217 m²
+12 photos

ValuationOvervalued

Sold Prices£365K - £1.1M
Sold Prices/m²£2.9K/m² - £7.4K/m²

 

 

Square Metres

~217 m²
Price/m²£7.4K/m²

Value Estimate

£799,496

 

 

End Value (After Refurb)

£930,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£400,000

Stamp Duty & Legal Fees

£152,450

Refurb Costs

£87,859

Bridging Loan Interest

£42,000

Total Cash In

£684,059

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£930,000

Mortgage (After Refinance)

£697,500

Mortgage LTV

75%

Cash Left In

£684,059

Equity

£232,500

Rent Range

£667 - £2,600

Rent Estimate

£1,633

Running Costs/mo

£3,253

Cashflow/mo

£-1,620

Cashflow/yr

£-19,438

Gross Yield

1%

Local Sold Prices

50 sold prices from £365K to £1.1M, average is £618.6K. £2.9K/m² to £7.4K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£640K12/201.53 miHighwood House, Winters Lane, Redhill, Bristol, North Somerset BS40 5SH4
£767.5K12/201.54 miCombe House, Winters Lane, Redhill, Bristol, North Somerset BS40 5SH4
£795K12/211.57 mi4, Hailstone Cottages, Redhill, Bristol, North Somerset BS40 5TL4
£800K11/201.78 miFilers Green, Station Road, Blagdon, Bristol, North Somerset BS40 7TB4
£655K06/211.8 miPenllyn, Garston Lane, Blagdon, Bristol, North Somerset BS40 7TF4
£545K06/211.86 miTulane, Garston Lane, Blagdon, Bristol, North Somerset BS40 7TG4
£482K11/201.86 miKerkyra, Garston Lane, Blagdon, Bristol, North Somerset BS40 7TG4
£885K12/221.86 miOrchard Close, Garston Lane, Blagdon, Bristol, North Somerset BS40 7TG4
£830K09/231.94 miApple Tree Cottage, Breach Hill Common, Chew Stoke, Bristol, Bath And North East Somerset BS40 8YG4
£500K03/211.94 miOver Morton, Breach Hill Common, Chew Stoke, Bristol, Bath And North East Somerset BS40 8YG4
£475K01/232.14 miGreenslade, Felton Common, Felton, Bristol, North Somerset BS40 9YN4
£690K05/232.17 mi16, Fallowfield, Blagdon, Bristol, North Somerset BS40 7TN4
£385K12/202.19 mi2, Parsonage Close, Winford, Bristol, North Somerset BS40 8DQ4
£390K12/202.19 mi3, Parsonage Close, Winford, Bristol, North Somerset BS40 8DQ4
£394K01/212.19 mi6, Parsonage Close, Winford, Bristol, North Somerset BS40 8DQ4
£370K08/212.21 mi9, The Score, Blagdon, Bristol, North Somerset BS40 7SH4
£505K08/212.25 miGlenfields, Sladacre Lane, Blagdon, Bristol, North Somerset BS40 7RP4
£400K06/212.29 miCorner Cottage, Frog Lane, Ubley, Bristol, Bath And North East Somerset BS40 6PW4
£485K02/212.35 mi11, Lye Mead, Winford, Bristol, North Somerset BS40 8AU4
£440K03/212.35 mi19, Lye Mead, Winford, Bristol, North Somerset BS40 8AU4
£625K03/212.38 mi9, Regil Lane, Winford, Bristol, North Somerset BS40 8AX4
£650K07/232.38 mi11, Frog Lane, Felton, Bristol, North Somerset BS40 9UN4
£445K11/202.38 mi6, Frog Lane, Felton, Bristol, North Somerset BS40 9UN4
£590K11/222.38 mi1, Frog Lane, Felton, Bristol, North Somerset BS40 9UN4
£492.5K12/202.38 miCharnwood House, Frog Lane, Felton, Bristol, North Somerset BS40 9UN4
£365K06/212.39 miBenvenuto, Downside Road, Backwell, Bristol, North Somerset BS48 3DZ4
£552K06/212.39 miChristmas Cottage, The Street, Ubley, Bristol, Bath And North East Somerset BS40 6PJ4
£650K02/232.41 mi6, Orchard Close, Felton, Bristol, North Somerset BS40 9YS4
£600K11/222.46 mi21, Stanshalls Lane, Felton, Bristol, North Somerset BS40 9UQ4
£612.3K03/212.48 mi1, Home Orchard, Chew Stoke, Bristol, Avon BS40 8UZ4
£525K09/212.53 mi28, Market Place, Winford, Bristol, North Somerset BS40 8AT4
£665K09/232.59 mi6, Currells Lane, Felton, Bristol, North Somerset BS40 9XG4
£735K05/212.61 miStonedge House, Scot Lane, Chew Stoke, Bristol, Bath And North East Somerset BS40 8UW4
£532.5K01/212.64 miGreycott, Ham Link, Burrington, Bristol, North Somerset BS40 7AW4
£687.5K06/212.65 mi7, Moorlay Crescent, Winford, Bristol, North Somerset BS40 8DB4
£685K05/232.65 mi12, Moorlay Crescent, Winford, Bristol, North Somerset BS40 8DB4
£520K03/212.65 mi25, Walton Crescent, Winford, Bristol, North Somerset BS40 8DD4
£1.1M05/232.66 miBeaumont, Pilgrims Way, Chew Stoke, Bristol, Bath And North East Somerset BS40 8XB4
£875K06/212.66 miWillow Lodge, Breach Hill Lane, Chew Stoke, Bristol, Bath And North East Somerset BS40 8YA4
£850K06/212.66 miArundel, Breach Hill Lane, Chew Stoke, Bristol, Bath And North East Somerset BS40 8YA4
£645K12/202.69 mi20, Kingston Lane, Winford, Bristol, North Somerset BS40 8DA4
£720K11/222.69 mi27, Kingston Lane, Winford, Bristol, North Somerset BS40 8DA4
£525K04/212.69 mi3, Kingston Lane, Winford, Bristol, North Somerset BS40 8DA4
£658K04/212.69 mi28, Kingston Lane, Winford, Bristol, North Somerset BS40 8DA4
£725K02/232.7 miGreenstones, Downside Road, Backwell, Bristol, North Somerset BS48 3DD4
£420K04/232.7 mi2, South Meadows, Wrington, Bristol, North Somerset BS40 5PF4
£516K04/212.71 miHillcrest, Downside Road, Backwell, Bristol, North Somerset BS48 3DD4
£650K05/232.72 mi5, Quarry Hay, Chew Stoke, Bristol, Bath And North East Somerset BS40 8XT4
£1.0M05/232.76 miTresowes, Blind Lane, Chew Stoke, Bristol, Bath And North East Somerset BS40 8UA4
£842.5K05/212.78 miLake View, Stoke Hill, Chew Stoke, Bristol, Bath And North East Somerset BS40 8XJ4

Local Rents

14 rents from £667/mo to £2.6K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£82504/250.57 mi-2
£90012/240.57 mi-2
£90004/240.66 miNempnett Thrubwell, Blagdon2
£1,70006/240.92 mi-3
£1,85006/241.05 mi-3
£1,35007/241.43 mi-3
£1,75004/241.89 miMenlea Villa, BS403
£1,60003/241.94 mi2 Clanders Batch Cottage, BS403
£1,90012/242.13 miBath Road, Blagdon3
£2,60004/242.25 miSladacre Lane, Blagdon, Bristol, BS402
£66704/242.29 miLong Lane, Wrington, North Somerset, BS401
£2,00004/242.34 miAzalea House, Rhodyate, Blagdon, Bristol5
£1,80004/242.36 miParsonage Lane, Winford, Bristol4
£2,00003/242.37 miBlagdon, Bristol4

Local Area Statistics

Population in BS40

12,548

Population in Bristol

795,432

Town centre distance

9.28 miles away

Nearest school

2.10 miles away

Nearest train station

5.09 miles away

 

 

Rental growth (12m)

-38%

Sales demand

Buyer's market

Capital growth (5yrs)

+20%

Property History

Listed for £1,600,000

August 29, 2024

Floor Plans

Description

  • A wealth of period character and charm +
  • Tucked away at the head of a very long driveway +
  • Stone built barn offering refurbishment potential (STP) +
  • Idyllic country location adjoining fields +
  • 5.88 Acres of paddocks, garden and orchard +
  • Three ground floor reception rooms +
  • 21’kitchen and separate utility +
  • Seven bedrooms and three bathrooms +
  • Open hay barn, 4 loose boxes, ancillary stores and double car port +
  • EPC Rating = E +

A most attractive Chew Valley farmhouse in a glorious, peaceful setting with a swimming pool, tennis court, 5.8 acres and stables.

Description

This wonderful home is set in a truly idyllic rural location, surrounded by beautiful rolling countryside in the heart of the Chew Valley. The house has a most attractive, well balanced façade and is approached via a long driveway that passes beyond the front paddock, tennis court and well screened swimming pool, to a generous parking area beside the property with a double car port. Whilst the house would benefit from a degree of modernisation, it is a very special and well loved family home that offers comfortable family accommodation of circa 3209 sq ft with potential to create yet further habitable space (subject to planning approval) in the stone built barn to the front.

A pathway from the drive leads beside the elegant box hedge parterre to the central porch with an inner hallway and two almost symmetrical reception rooms to either side. Exposed ceiling beams and working fireplaces add character to the home and the Aga kitchen is a relaxed area for informal daily dining with a separate utility and cloakroom beside the rear doorway. A second sitting room/snug is currently used as a home office, ideal for those that work from home, with up to seven bedrooms over the first and second floors, one of which could be used as a second study if required.

The grounds that surround Pit Farm are a significant part of the charm of the house and will appeal to equestrian buyers or simply to those families seeking to enjoy country living without sacrificing the close proximity of Bristol, good schooling or the nearby airport. Beyond the sunny front terrace lies a large area of level lawn, safely separated from the heated outdoor swimming pool which is sheltered by a tall neatly clipped hedge with the tennis court to the far side.

The far paddock and the one that rises to the west of the house are delightful areas, commanding far reaching views to the distant hillsides and a there is a generous kitchen garden to the rear of the house with a large brick and timber greenhouse. A gently running stream to the far side of the driveway attracts a good deal of wildlife and a further parcel of land extends to the far side.

Although we are informed that it is very rarely used, it should be noted that a public footpath leads from the driveway and through the stable yard which features 4 loose boxes, a workshop, woodstore and a sizeable open barn.

Without any doubt, an exceptionally rare opportunity to purchase a home in a such a picturesque and beautiful country setting.

Location

Located just 3.2 miles from the A38 with access to Bristol and the Airport, Pit Farm is set in the heart of the beautiful Chew Valley, located at the foot hills of the Mendips and highly regarded due to its number of amenities. Butcombe itself is a small village situated 11 miles from the City and the village of Blagdon is about two miles distant and has a Post Office/General Store, butcher, Church, Village Hall, Primary School and public houses.

There are secondary schools in Chew Magna, Backwell and Churchill. Nearby independents include Wells Cathedral, Sidcot, Milfield, Bristol and the Downs prep school in Wraxall.

For sailing and fishing nearby Chew Valley and Blagdon Lake are ideal and there are footpaths and bridle paths over the Mendip Hills. For golfers there are courses at Bristol and Clifton Golf Club in Failand, Burnham and Berrow at Burnham-on-Sea and Mendip Springs Golf Clubs at Congresbury.

Square Footage: 3,209 sq ft

Acreage: 5.88 Acres

Additional Info

Mains water
Mains electricity
Mains drainage

Oil central heating

A public footpath leads from the driveway and through the stable yard which features 4 loose boxes, a workshop, woodstore and a sizeable open barn.

Agent Details

Savills, Clifton

0117 463 4258

Next Steps?

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