6 Bed HMO, Bristol, BS16 2AX £630,000

Elmgrove Road, BS16 2AX - 1 views - a year ago
HMO
Inside Article 4
ROI: 4%
~186 m²
Property image
Property image

ValuationUndervalued

Sold Prices£300K - £1.8M
Sold Prices/m²£1.4K/m² - £6.3K/m²

 

 

Square Metres

~186 m²
Price/m²£3.4K/m²

Value Estimate

£768,798
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£157,500

Stamp Duty & Legal Fees

£54,200

Total Cash In

£211,700

 

 

Cash Out

 

Room Rate

£736

Gross Rent

£4,416

Running Costs/mo

£3,667

Cashflow/mo

£749

Cashflow/yr

£8,986

ROI

4%

Gross Yield

8%

Local Sold Prices

35 sold prices from £300K to £1.8M, average is £851K. £1.4K/m² to £6.3K/m², average is £4.2K/m².

Price
Date
Distance
Address
Beds
 
£395.5K02/230.79 mi15, Fitzroy Road, Bristol, City Of Bristol BS16 3LZ6
£406K06/210.87 mi38, Begbrook Lane, Bristol, City Of Bristol BS16 1HR6
£851K04/231.78 mi116, Chesterfield Road, St Andrews, Bristol, City Of Bristol BS6 5DU6
£663K12/241.89 mi33, The Park, Bristol BS15 4BL6
£530K03/251.91 mi28, Harolds Way, Bristol BS15 8HW6
£530K03/251.91 mi28, Harolds Way, Bristol BS15 8HW6
£666K04/231.97 mi124, Cromwell Road, St Andrews, Bristol, City Of Bristol BS6 5EZ6
£812.5K12/241.99 mi8, Nevil Road, Bristol, City Of Bristol BS7 9EQ6
£905K02/252 mi24, Leopold Road, Bristol, City Of Bristol BS6 5BS6
£850K08/212 mi53, Chesterfield Road, St Andrews, Bristol, City Of Bristol BS6 5DW6
£580K09/212.02 mi13, Fenbrook Close, Hambrook, Bristol, South Gloucestershire BS16 1QJ6
£585K01/232.09 mi77, Cromwell Road, St Andrews, Bristol, City Of Bristol BS6 5HA6
£980K09/212.1 mi4, Chesterfield Road, St Andrews, Bristol, City Of Bristol BS6 5DL6
£900K04/242.14 mi21, Searle Court Avenue, St Annes, Bristol BS4 4QR6
£585K05/212.19 mi60, City Road, Bristol, City Of Bristol BS2 8TX6
£1.2M08/252.32 mi10, Julius Road, Bishopston, Bristol BS7 8EU6
£1.4M12/242.33 mi31, Julius Road, Bristol, City Of Bristol BS7 8EU6
£1.0M11/222.34 mi29, Elton Road, Bishopston, Bristol, City Of Bristol BS7 8DF6
£1.1M12/222.39 mi41, Cranbrook Road, Bristol, City Of Bristol BS6 7BP6
£1.2M06/212.44 mi68, Kingsdown Parade, Bristol, City Of Bristol BS6 5UQ6
£700K05/252.47 mi15, Pitlochry Close, Horfield, Bristol BS7 0TU6
£700K05/252.47 mi15, Pitlochry Close, Horfield, Bristol BS7 0TU6
£1.2M06/212.48 mi55, Salisbury Road, Redland, Bristol, City Of Bristol BS6 7AS6
£1.6M11/222.54 mi17, Limerick Road, Bristol, City Of Bristol BS6 7DY6
£925K08/252.63 mi34, Cotham Road, Cotham, Bristol BS6 6DP6
£1.8M11/222.65 mi29, Fernbank Road, Bristol, City Of Bristol BS6 6PX6
£835K02/242.67 mi54, Russell Grove, Henleaze, Bristol BS6 7UF6
£835K02/242.67 mi54, Russell Grove, Henleaze, Bristol BS6 7UF6
£1.8M01/232.68 mi25, Woodstock Road, Redland, Bristol, City Of Bristol BS6 7EL6
£1.1M02/242.75 mi17, Woodstock Avenue, Cotham, Bristol BS6 6EW6
£1.1M02/242.76 mi17, Woodstock Avenue, Bristol, City Of Bristol BS6 6EW6
£1.2M04/232.9 mi91, Coldharbour Road, Bristol, City Of Bristol BS6 7SA6
£605K11/222.92 mi39, Touchstone Avenue, Stoke Gifford, Bristol, South Gloucestershire BS34 8XQ6
£970K08/232.93 mi63, Linden Road, Westbury Park, Bristol, City Of Bristol BS6 7RW6
£300K02/252.95 mi22, Florence Park, Bristol, City Of Bristol BS6 7LP6

Local Area Statistics

Population in BS16

75,691

Population in Bristol

795,432

Town centre distance

2.12 miles away

Nearest school

0.30 miles away

Nearest train station

1.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-32%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £630,000

September 6, 2024

Floor Plans

Property image

Description

  • HMO +
  • 6 Bedrooms +
  • Let until summer 2025 +

A rare and exciting opportunity to acquire a high-yield investment property in the heart of Fishponds, one of Bristol's most sought-after areas for student living. This beautifully decorated 6-bedroom, 2-bathroom property is finished to a high standard and offers a hassle-free investment, already rented out until Summer 2025 for an impressive annual income of £53,017.00.
Fishponds is renowned for its vibrant community, excellent transport links to universities, and a variety of local amenities, making this an ideal location for student tenants. Don't miss your chance to own a standout property in this high-demand area.

Council Tax Band - B

Agent Details

PURPLE FROG ASSET MANAGEMENT LIMITED, Birmingham

0121 647 8922

Next Steps?

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