ValuationUndervalued

Sold Prices	£300K - £1.9M
Sold Prices/m²	£1.4K/m² - £6.3K/m²

Square Metres	~141.80 m²
Price/m²	£3.2K/m²
Value Estimate	£558,000£558,000
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£112,500£112,500
Stamp Duty & Legal Fees	£36,200£36,200
Total Cash In	£148,700£148,700

Cash Out
Room Rate	£588£588
Gross Rent	£3,528
Running Costs/mo	£2,853£2,853
Cashflow/mo	£675£675
Cashflow/yr	£8,100£8,100
ROI	5%5%
Gross Yield	9%9%

Local Sold Prices

26 sold prices from £300K to £1.9M, average is £975K. £1.4K/m² to £6.3K/m², average is £4.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£700K	05/25	0.58 mi	15, Pitlochry Close, Horfield, Bristol BS7 0TU	£4,516	155	6	Detached House
£700K	05/25	0.58 mi	15, Pitlochry Close, Horfield, Bristol BS7 0TU	-	-	6	Detached House
£812.5K	12/24	1.03 mi	8, Nevil Road, Bristol, City Of Bristol BS7 9EQ	£4,188	194	6	Semi-Detached House
£835K	02/24	1.32 mi	54, Russell Grove, Henleaze, Bristol BS6 7UF	£4,514	185	6	Detached House
£835K	02/24	1.32 mi	54, Russell Grove, Henleaze, Bristol BS6 7UF	-	-	6	Detached House
£1.5M	12/24	1.43 mi	8, Eastfield, Bristol, City Of Bristol BS9 4BQ	£5,962	250	6	House
£851K	04/23	1.45 mi	116, Chesterfield Road, St Andrews, Bristol, City Of Bristol BS6 5DU	£3,799	224	6	Semi-Detached House
£1.2M	08/25	1.49 mi	10, Julius Road, Bishopston, Bristol BS7 8EU	-	-	6	Semi-Detached House
£1.4M	12/24	1.52 mi	31, Julius Road, Bristol, City Of Bristol BS7 8EU	£4,826	287	6	Semi-Detached House
£905K	02/25	1.57 mi	24, Leopold Road, Bristol, City Of Bristol BS6 5BS	£4,436	204	6	Semi-Detached House
£1.4M	07/25	1.57 mi	30, Grange Court Road, Henleaze, Bristol BS9 4DR	-	-	6	Detached House
£1.1M	10/24	1.59 mi	1, Holmes Grove, Henleaze, Bristol BS9 4ED	£4,688	224	6	Detached House
£1.0M	11/22	1.65 mi	29, Elton Road, Bishopston, Bristol, City Of Bristol BS7 8DF	-	-	6	Semi-Detached House
£980K	09/21	1.67 mi	4, Chesterfield Road, St Andrews, Bristol, City Of Bristol BS6 5DL	£5,731	171	6	Semi-Detached House
£1.1M	12/22	1.68 mi	41, Cranbrook Road, Bristol, City Of Bristol BS6 7BP	£4,200	250	6	Semi-Detached House
£970K	08/23	1.7 mi	63, Linden Road, Westbury Park, Bristol, City Of Bristol BS6 7RW	£4,874	199	6	Terraced House
£850K	08/21	1.7 mi	53, Chesterfield Road, St Andrews, Bristol, City Of Bristol BS6 5DW	-	-	6	Terraced House
£666K	04/23	1.7 mi	124, Cromwell Road, St Andrews, Bristol, City Of Bristol BS6 5EZ	£2,581	258	6	Semi-Detached House
£1.2M	06/21	1.73 mi	55, Salisbury Road, Redland, Bristol, City Of Bristol BS6 7AS	-	-	6	Semi-Detached House
£1.2M	04/23	1.75 mi	91, Coldharbour Road, Bristol, City Of Bristol BS6 7SA	£6,005	204	6	Terraced House
£585K	01/23	1.78 mi	77, Cromwell Road, St Andrews, Bristol, City Of Bristol BS6 5HA	£2,708	216	6	Semi-Detached House
£300K	02/25	1.79 mi	22, Florence Park, Bristol, City Of Bristol BS6 7LP	£1,435	209	6	Terraced House
£1.6M	11/22	1.8 mi	17, Limerick Road, Bristol, City Of Bristol BS6 7DY	£6,324	253	6	Semi-Detached House
£406K	06/21	1.82 mi	38, Begbrook Lane, Bristol, City Of Bristol BS16 1HR	£3,942	103	6	Semi-Detached House
£1.9M	02/25	1.84 mi	19, Downs Park West, Westbury Park, Bristol BS6 7QQ	-	-	6	Detached House
£1.8M	01/23	1.88 mi	25, Woodstock Road, Redland, Bristol, City Of Bristol BS6 7EL	-	-	6	Semi-Detached House

Local Area Statistics

Population in BS7	40,49540,495
Population in Bristol	795,432795,432
Town centre distance	1.66 miles away1.66 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.03 miles away1.03 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+15%+15%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+39%+39%

Property History

Listed for £450,000

September 19, 2024

Sold for £157,500

2003

Sold for £108,000

2000

Floor Plans

Description

Six bedroom HMO +
Sold with tenants-in-situ +
Popular location +
Extended +
Well-proportioned rooms +
EPC: C +

A six bedroom HMO on the popular Keys Avenue, offered to market with tenants signed up for the 2024/25 academic year, achieving a gross yearly return of £42,300 per year, excluding bills .

Overview

You enter into the hallway with bedroom one to your immediate left, the large living area then follows which has the kitchen off of it at the rear, there is a shower room at the rear of the hallway as well. On the first floor there are three further bedrooms and a bathroom with two more double bedrooms found on the second floor.

Location

Keys Avenue is a residential road in Horfield just off the popular Gloucester Road which runs directly into Bristol City Centre. The area is made up of mostly 1930's style properties, which are extremely popular with families looking to move to the area. The green open spaces of Horfield Common and Horfield leisure centre are also nearby. This side of Bristol also offers residents access to the countryside of South Gloucestershire as well as the M4 and M5 motorways.

Material information (provided by owner)

Freehold and Council Tax Band D.