5 Bed Semi-Detached House, Refurb/BRRR, Bristol, BS48 4PD, £610,000

16 STATION ROAD, NAILSEA BS48 4PD - 3 views - 6 months ago

Under Offer
Refurb/BRRR
~178 m²
+16 photos

ValuationUndervalued

Sold Prices£395K - £1.5M
Sold Prices/m²£2.9K/m² - £6.4K/m²

 

 

Square Metres

~178.28 m²
Price/m²£3.4K/m²

Value Estimate

£641,916

 

 

End Value (After Refurb)

£763,820

Uplift in Value

+17%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£152,500

Stamp Duty & Legal Fees

£41,100

Refurb Costs

£72,142

Bridging Loan Interest

£16,013

Total Cash In

£283,505

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£763,820

Mortgage (After Refinance)

£572,865

Mortgage LTV

75%

Cash Released

£115,365

Cash Left In

£168,140

Equity

£190,955

Rent Range

£1,200 - £2,050

Rent Estimate

£1,543

Running Costs/mo

£2,716

Cashflow/mo

£-1,173

Cashflow/yr

£-14,070

Gross Yield

3%

Local Sold Prices

29 sold prices from £395K to £1.5M, average is £690K. £2.9K/m² to £6.4K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£850K02/230 mi19, Station Road, Nailsea, Bristol, North Somerset BS48 4PD5
£880K06/210.17 mi15, Farlers End, Nailsea, Bristol, North Somerset BS48 4PG5
£725K06/210.23 mi1, Bucklands Drive, Nailsea, Bristol, North Somerset BS48 4PH5
£660K06/230.25 mi9, Mayfair Avenue, Nailsea, Bristol, North Somerset BS48 2LR5
£883K12/210.28 mi5, Bucklands View, Nailsea, Bristol, North Somerset BS48 4TZ5
£570K11/220.35 mi15, Ash Hayes Drive, Nailsea, Bristol, North Somerset BS48 2LG5
£490K05/230.49 mi46, Hillcrest Road, Nailsea, Bristol, North Somerset BS48 2JA5
£497.5K06/210.56 mi5, Briar Close, Nailsea, Bristol, North Somerset BS48 1QG5
£579K12/200.57 mi24, Briar Close, Nailsea, Bristol, North Somerset BS48 1QG5
£440K04/210.66 mi58, Hazelbury Road, Nailsea, Bristol, North Somerset BS48 2JW5
£420K06/210.66 mi46, Hazelbury Road, Nailsea, Bristol, North Somerset BS48 2JW5
£395K04/210.79 mi54, Woodland Road, Nailsea, Bristol, North Somerset BS48 1HX5
£499.9K06/210.98 mi36, Rodney Road, Backwell, Bristol, North Somerset BS48 3HB5
£532.5K08/211.14 mi2, Chantry Close, Nailsea, Bristol, North Somerset BS48 4FN5
£535K01/211.18 mi26, The Bramleys, Nailsea, Bristol, North Somerset BS48 4RN5
£795K09/211.18 mi108a, Church Lane, Backwell, Bristol, North Somerset BS48 3JW5
£840K03/211.21 mi1, Dark Lane, Backwell, Bristol, North Somerset BS48 3NT5
£625K07/231.22 mi4, Karen Drive, Backwell, Bristol, North Somerset BS48 3JT5
£690K11/221.23 mi11, Karen Drive, Backwell, Bristol, North Somerset BS48 3JT5
£652.5K06/211.23 mi11, St Margarets Lane, Backwell, Bristol, North Somerset BS48 3JR5
£738K08/231.26 mi10, Robinson Way, Backwell, Bristol, North Somerset BS48 3BP5
£1.0M04/211.26 miHazel Grove, Tower House Lane, Wraxall, Bristol, North Somerset BS48 1JS5
£850K11/221.27 mi3, Linemere Close, Backwell, Bristol, North Somerset BS48 3PX5
£657K12/221.3 mi28, Hilldale Road, Backwell, Bristol, North Somerset BS48 3JZ5
£1.2M04/231.33 mi50, Church Lane, Backwell, Bristol, North Somerset BS48 3PQ5
£1.2M06/231.33 miOvermyst, Tower House Lane, Wraxall, Bristol, North Somerset BS48 1JX5
£1.5M04/211.82 miThe Limit, Cadbury Camp Lane, Clapton In Gordano, Bristol, North Somerset BS20 7SB5
£1.0M03/211.85 mi7, The Grange, Flax Bourton, Bristol, North Somerset BS48 3QH5
£690K08/211.92 mi15, Parsons Mead, Flax Bourton, Bristol, North Somerset BS48 1UH5

Local Rents

10 rents from £1.2K/mo to £2K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,47512/240.11 miAvening Close, Nailsea, Bristol, BS483
£1,90012/240.43 miBude Close, Nailsea, Bristol, BS484
£2,05004/240.44 miBude Close, Nailsea, Bristol, BS484
£1,30006/230.47 mi-3
£1,60003/240.5 miGlassworks Mews, BS483
£1,30012/240.5 miBlandford Close, Nailsea, North Somerset, BS483
£1,20004/240.52 miBlandford Close, Nailsea, Bristol, BS483
£1,50007/230.55 mi-3
£1,30012/240.56 miWoodview Terrace, Nailsea, Bristol, BS48 1AT3
£1,80003/240.57 miBarns Close, Nailsea, North Somerset, BS484

Local Area Statistics

Population in BS48

23,191

Population in Bristol

795,432

Town centre distance

7.58 miles away

Nearest school

0.10 miles away

Nearest train station

0.53 miles away

 

 

Rental growth (12m)

-3%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Price changed to £610,000

December 19, 2024

Listed for £655,000

September 9, 2024

Floor Plans

Description

  • No Onward Chain +
  • Extended 1930's Semi Detached House +
  • Glorious Gardens Adjacent To Open Countryside +
  • In Need Of Some Updating For Those Looking To Stamp Their Own Mark +
  • Entrance Porch & Reception Hall +
  • Sitting Room, Dining Room & Study/Playroom +
  • Kitchen, Utility Room & Conservatory +
  • 5 Bedrooms & Family Bathroom +
  • Superb Location For Access to Schools, Town Centre & Mainline Train Station +

There are very few examples of 1930's housing stock available in Nailsea, so this charming extended semi detached home is sure to create a lot of interest. The property enjoys an excellent position towards the southern edge of Nailsea with easy access to the mainline train station at Backwell and highly regarded local schools whilst the town centre that offers a wide range of shops and amenities is about a 10-minute walk away. In need of some modernisation, though perfectly liveable, this spacious and characterful home offers offers endless opportunities for those looking to stamp their own mark on this wonderful home. Sitting in large gardens and offered with no onward chain the accommodation briefly comprises; Entrance Porch and Reception Hall, Sitting room, Dining Room, Study and Conservatory, Utility Room and Cloakroom, five Bedrooms and Family Bathroom. Outside there are glorious gardens to the front along with driveway and turning bay.

Agent Details

Hunter Leahy, Nailsea

01275 402801

Next Steps?

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