2 Bed Flat, Refurb/BRRR, Bristol, BS2 8DF, £325,000

High Kingsdown, Bristol, BS2 8DF - 3 views - 6 months ago

Leasehold
Refurb/BRRR
ROI: 2%
~68 m²
+10 photos

ValuationFair Value

Sold Prices£210K - £630K
Sold Prices/m²£3.7K/m² - £6.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.8K/m²

Value Estimate

£325,000

 

 

End Value (After Refurb)

£330,738

Uplift in Value

+2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£27,600

Bridging Loan Interest

£8,531

Total Cash In

£133,831

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£330,738

Mortgage (After Refinance)

£248,053

Mortgage LTV

75%

Cash Released

£4,303

Cash Left In

£129,528

Equity

£82,684

Rent Range

£1,300 - £3,814

Rent Estimate

£1,659

Running Costs/mo

£1,385

Cashflow/mo

£274

Cashflow/yr

£3,284

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £210K to £630K, average is £345K. £3.7K/m² to £6.9K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£349.9K12/200.01 mi255, High Kingsdown, Bristol, City Of Bristol BS2 8DF2
£300K06/210.04 mi224, High Kingsdown, Bristol, City Of Bristol BS2 8DG2
£359.6K07/230.09 mi16a, Portland Street, Kingsdown, Bristol, City Of Bristol BS2 8HL2
£516.4K06/210.16 mi3, Cotham Park, Bristol, City Of Bristol BS6 6BZ2
£277K09/210.23 miTop Floor Flat, 15, Hampton Road, Bristol, City Of Bristol BS6 6HW2
£325K04/210.24 miFirst Floor Flat, 17, Somerset Street, Kingsdown, Bristol, City Of Bristol BS2 8NB2
£470K12/200.26 mi28a, Hampton Road, Bristol, City Of Bristol BS6 6HL2
£317K02/210.27 mi11, Archfield Road, Bristol, City Of Bristol BS6 6BD2
£260K11/210.27 mi82d, Dove Street, Bristol, City Of Bristol BS2 8LS2
£447.5K04/230.28 miHall Floor Flat, 1, Cotham Grove, Bristol, City Of Bristol BS6 6AL2
£417.5K04/210.3 mi7, Rokeby Avenue, Bristol, City Of Bristol BS6 6EJ2
£300K12/220.31 miThird Floor Flat, 44, Hampton Road, Redland, Bristol, City Of Bristol BS6 6HZ2
£240K04/210.33 miFlat 5, Hamilton Court, Montague Street, Bristol, City Of Bristol BS2 8NY2
£268K04/210.33 miFlat 54, Hamilton Court, Montague Street, Bristol, City Of Bristol BS2 8NZ2
£315K07/230.33 miFlat 98, Hamilton Court, Montague Street, Bristol, City Of Bristol BS2 8NZ2
£262.5K12/200.33 miFirst Floor Flat, 91, Cotham Brow, Bristol, City Of Bristol BS6 6AW2
£325K02/210.33 miGround Floor Flat, 89, Cotham Brow, Bristol, City Of Bristol BS6 6AW2
£276.5K01/230.33 mi59, Cotham Brow, Bristol, City Of Bristol BS6 6AW2
£355.5K02/230.36 miFlat 7, Victoria Court, Victoria Gardens, Bristol, City Of Bristol BS6 5SF2
£375K10/210.38 miGarden Flat, 3, Melville Road, Bristol, City Of Bristol BS6 6PA2
£500K12/220.38 miGarden Flat, 50, Hampton Park, Bristol, City Of Bristol BS6 6LJ2
£210K08/210.39 miFlat 109, Armada House, Dove Street, Bristol, City Of Bristol BS2 8LB2
£350K05/230.39 mi5, Melrose Place, Bristol, City Of Bristol BS8 2NQ2
£250K12/200.39 mi12, Melrose Place, Bristol, City Of Bristol BS8 2NQ2
£317K04/210.4 mi10c, Elmgrove Road, Redland, Bristol, City Of Bristol BS6 6AH2
£325K03/210.4 miTop Floor Flat, 15, Elmgrove Road, Redland, Bristol, City Of Bristol BS6 6AH2
£270K09/210.4 miFirst Floor Flat, 33, Sydenham Hill, Bristol, City Of Bristol BS6 5SL2
£290K05/210.42 mi99, Cotham Brow, Bristol, City Of Bristol BS6 6AS2
£350K03/210.42 miGarden Flat, 75, Springfield Road, Bristol, City Of Bristol BS6 5SW2
£270K03/210.42 miSecond Floor Flat, 81, Springfield Road, Bristol, City Of Bristol BS6 5SW2
£290K05/210.43 mi99, Cotham Brow, Bristol, City Of Bristol BS6 6AS2
£342K06/210.45 mi43, Fernbank Road, Bristol, City Of Bristol BS6 6PX2
£357K12/220.45 miHall Floor Flat, 64, Hampton Park, Bristol, City Of Bristol BS6 6LJ2
£322.5K01/210.47 miFirst Floor Flat, 36, Arley Hill, Bristol, City Of Bristol BS6 5PR2
£425K06/210.47 miFlat 3, Chandos, Woodfield Road, Bristol, City Of Bristol BS6 6PL2
£362.5K06/210.47 miFirst Floor Flat, 4, South Road, Redland, Bristol, City Of Bristol BS6 6QP2
£367K06/210.48 mi9, Oakland Road, Redland, Bristol, City Of Bristol BS6 6ND2
£445K11/200.48 miFlat 11, Chandos, Woodfield Road, Bristol, City Of Bristol BS6 6PL2
£473.5K06/230.51 miFirst And Second Floor Maisonette, 18, Southleigh Road, Bristol, City Of Bristol BS8 2BH2
£400K05/230.52 mi2, Ashgrove Road, Redland, Bristol, City Of Bristol BS6 6LY2
£630K02/210.52 miGround Floor Flat, 19, Fernbank Road, Bristol, City Of Bristol BS6 6QA2
£348K12/200.52 miFlat 2, 1 Chesterfield Buildings, Westbourne Place, Bristol, City Of Bristol BS8 1RX2
£300K06/210.52 mi49, Alma Court, Bristol, City Of Bristol BS8 2HJ2
£458.8K11/200.52 miGarden Flat, 10, Richmond Hill, Bristol, City Of Bristol BS8 1AT2
£355K04/230.53 miTop Floor Flat, 16, Arlington Villas, Bristol, City Of Bristol BS8 2EG2
£410.5K02/230.53 miFirst Floor Flat, 27, Fernbank Road, Bristol, City Of Bristol BS6 6PZ2
£260K12/200.54 mi402, Armidale Place, Bristol, City Of Bristol BS6 5BQ2
£275K07/230.55 mi701, Armidale Place, Bristol, City Of Bristol BS6 5DA2
£451.6K06/210.55 miFlat 6, Berkeley House, Charlotte Street, Bristol, City Of Bristol BS1 5PY2
£451.6K06/210.55 miFlat 6, Berkeley House, Charlotte Street, Bristol, City Of Bristol BS1 5PY2

Local Rents

50 rents from £1.3K/mo to £3.8K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,90002/250.03 mi-2
£1,60005/240.03 miHambledon House, Redland2
£1,60005/240.03 miHambledon House, Redland2
£1,80003/240.03 miHigh Kingsdown, Bristol, BS22
£1,80003/240.03 mi-2
£2,00003/250.03 mi-2
£1,60004/240.03 mi208 High Kingsdown, Bristol2
£1,60003/240.04 miHigh Kingsdown, BS22
£1,50003/240.08 miFirst Floor Flat, Cotham Road2
£1,45003/240.08 miSt Michaels Hills – 8442
£1,50003/250.09 mi-2
£1,65003/240.1 miTyndalls Park Road, Clifton, Bristol, BS82
£1,60004/240.12 miBPC01955 Cotham Road, Cotham, BS62
£1,35003/240.14 miCotham Road South, Cotham, Bristol, BS62
£1,60003/240.15 miCotham Lawn Apartments, 1 Cotham Lawn Road, Cotham2
£2,15005/240.16 miCotham Road, Bristol BS6 6DJ2
£1,60004/240.16 mi-2
£1,60004/240.16 miCotham Lawn Road, Bristol, BS62
£1,60012/240.16 miBookbinder House Flat 4, 1 Kingsdown Parade, Kingsdown, Bristol, BS62
£1,60003/240.17 mi52 Cotham Road - Flat 3CothamBristol2
£1,49504/240.17 miGuild Court, 78-86 Horfield Road, Bristol2
£1,50003/240.18 miHorfield Road, Kingsdown, Bristol, BS22
£2,12503/240.19 miMarlborough House, Marlborough Hill, BS22
£1,85004/240.19 miMarlborough House, Flat 2, Marlborough Hill, Kingsdown, Bristol, BS22
£1,75003/240.19 miTrelawney Road, Bristol,2
£1,40003/240.19 miTrelawney Road, Cotham, Bristol, BS62
£3,81401/250.19 mi-2
£1,70004/240.21 miCotham Road, Cotham, BS62
£1,30004/240.21 miCotham Road, Cotham2
£2,30003/250.23 mi-2
£2,60003/240.23 miCotham Vale, Bristol, BS62
£1,55004/240.24 miCotham Vale, BRISTOL, BS62
£1,70003/240.24 mi-2
£1,70003/240.24 miCotham Vale, Bristol, BS62
£2,00003/240.24 miAberdeen Road, Redland, Bristol, BS62
£2,00004/240.24 miAberdeen Road, Redland, Bristol, BS62
£1,55003/240.24 miAberdeen Road, Cotham2
£1,75003/240.25 miWest Park, Clifton, Bristol2
£1,35003/240.25 miCotham Road, Cotham, Bristol, BS62
£1,50004/240.25 miHampton Road, Redland, BS6 6HL2
£1,47003/240.26 miAberdeen Road, Cotham, Bristol2
£1,49502/250.26 mi-2
£1,40003/240.26 miCarolina House, Dove Street, Bristol,2
£1,95003/240.26 miHampton Road – TFF – Ref: 4012
£1,35003/240.27 miArchfield Road Cotham Bristol2
£1,95005/240.27 mi-2
£1,40003/240.27 miDove Street, Bristol, BS2 8LS2
£1,35005/240.27 miDove Street, Bristol2
£1,59505/240.27 mi-2
£1,64503/240.27 miKingsdown, Kingsdown, Bristol, BS22

Local Area Statistics

Population in BS2

15,690

Population in Bristol

795,432

Town centre distance

0.75 miles away

Nearest school

0.10 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-3%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £325,000

September 9, 2024

Floor Plans

Description

  • High Kingsdown +
  • Two double bedrooms +
  • Large open plan living area +
  • Far reaching views +
  • Scope for modernisation +
  • Secure garage +
  • 75 Square Metres +
  • No onward chain +

A beautifully presented and spacious two double bedroom third floor apartment set within the popular High Kingsdown development, conveniently positioned for Whiteladies Road, the Bristol Royal Infirmary and Bristol University.

Overview

A beautifully presented and spacious two double bedroom third floor apartment set within the popular High Kingsdown development, conveniently positioned for Whiteladies Road, the Bristol Royal Infirmary and Bristol University.

This well thought out property offers a large 20ft x 16'3 open plan living area with stylish kitchen area and far reaching views across Bristol, and modern tiled bathroom. There is also modern UPVC double glazing throughout, electric heating and lift access. Benefitting from a secure garage and set within the Kingsdown RPZ.

Perfect for first time buyers looking to get themselves on the property ladder or investors looking to add value.

Available with no onward chain.

Location

Kingsdown is a mainly residential area above the city centre, with Redland to the north, and Cotham and Clifton on either side. It's an ideal walking distance from Cabot Circus, Park Street and the Bristol University campus.

At the top of St Michael’s Hill, there's a vibrant and bustling high street with pubs, a supermarket and indie cafes.

Stokes Croft is also close by with its Banksy street art, restaurants, cafes and some popular clubs and bars.

Material information (provided by owner)

Service Charge - TBC
Lease - TBC
Ground Rent - TBC
Council Tax - Band C

Agent Details

Ocean, Clifton

0117 463 0091

Next Steps?

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