2 Bed Flat, Refurb/BRRR, Bristol, BS5 8HF, £199,950

Summerhill Road, St George, Bristol, BS5 8HF - 5 views - 6 months ago

Sold STC
Leasehold
BTL
Refurb/BRRR
ROI: 3%
~68 m²
+6 photos

ValuationFair Value

Sold Prices£147.5K - £485K
Sold Prices/m²£2.3K/m² - £5.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£203,949

 

 

End Value (After Refurb)

£237,922

Uplift in Value

+19%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£49,988

Stamp Duty & Legal Fees

£7,199

Refurb Costs

£27,612

Bridging Loan Interest

£5,249

Total Cash In

£91,796

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£237,922

Mortgage (After Refinance)

£178,441

Mortgage LTV

75%

Cash Released

£28,479

Cash Left In

£63,317

Equity

£59,480

Rent Range

£975 - £1,580

Rent Estimate

£1,227

Running Costs/mo

£1,009

Cashflow/mo

£218

Cashflow/yr

£2,617

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £147.5K to £485K, average is £195K. £2.3K/m² to £5.5K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£189K11/200.25 mi7a, Cassey Bottom Lane, Bristol, City Of Bristol BS5 8BX2
£184K06/230.26 miFlat B, 14, Holmes Hill Road, Bristol, City Of Bristol BS5 7HH2
£205K06/230.26 miFlat A, 14, Holmes Hill Road, Bristol, City Of Bristol BS5 7HH2
£262K03/230.31 miFlat 4, Orchard House, Albert Grove South, Bristol, City Of Bristol BS5 7HU2
£210.5K03/210.34 miFlat 12, Orchard House, Albert Grove, Bristol, City Of Bristol BS5 7HP2
£200K07/230.34 mi88, Butlers Close, Bristol, City Of Bristol BS5 8AX2
£215K03/230.34 mi36, Meg Thatchers Green, Bristol, City Of Bristol BS5 8NG2
£200K11/220.36 mi41, Butlers Close, Bristol, City Of Bristol BS5 8AW2
£225K12/220.38 mi155, Butlers Walk, Bristol, City Of Bristol BS5 8DA2
£216.5K04/230.38 mi196, Butlers Walk, Bristol, City Of Bristol BS5 8DA2
£230K06/210.38 mi205, Butlers Walk, Bristol, City Of Bristol BS5 8DA2
£220K07/210.38 mi198, Butlers Walk, Bristol, City Of Bristol BS5 8DA2
£218K06/230.38 mi162, Butlers Walk, Bristol, City Of Bristol BS5 8DA2
£177.5K12/200.42 mi39, Beaufort Heights, Bristol, City Of Bristol BS5 8JX2
£245K12/220.43 mi7, Riverside Court, St Annes Park, Bristol, City Of Bristol BS4 4AY2
£230K10/230.43 mi8, Riverside Court, St Annes Park, Bristol, City Of Bristol BS4 4AY2
£200K07/230.45 mi10, Langton Way, St Annes Park, Bristol, City Of Bristol BS4 4AU2
£220K05/230.45 mi34, Langton Way, St Annes Park, Bristol, City Of Bristol BS4 4AU2
£485K05/210.46 mi4, Beaconsfield Road, St George, Bristol, City Of Bristol BS5 8ER2
£235.5K06/230.47 mi8, Holy Well Close, St Annes Park, Bristol, City Of Bristol BS4 4HY2
£170K11/200.48 mi8a, Angels Ground, St Annes Park, Bristol, City Of Bristol BS4 4JA2
£203K05/210.49 mi32, Snowberry Walk, Bristol, City Of Bristol BS5 7DG2
£173K02/210.49 miFlat 9, The Old Workhouse, Hudds Vale Road, Bristol, City Of Bristol BS5 7HE2
£255K02/230.5 mi9, Snowberry Walk, Bristol, City Of Bristol BS5 7DG2
£250K05/230.5 mi2, Snowberry Walk, Bristol, City Of Bristol BS5 7DG2
£228.8K08/210.5 mi31, Snowberry Walk, Bristol, City Of Bristol BS5 7DG2
£215K09/210.5 mi38, Snowberry Walk, Bristol, City Of Bristol BS5 7DG2
£165K10/210.5 mi9, Burchells Green Close, Bristol, City Of Bristol BS15 1DU2
£155K07/210.51 mi23, Riverside Steps, St Annes Park, Bristol, City Of Bristol BS4 4RH2
£150K12/200.51 mi29, Riverside Steps, St Annes Park, Bristol, City Of Bristol BS4 4RH2
£160K03/210.51 mi19, Riverside Steps, St Annes Park, Bristol, City Of Bristol BS4 4RH2
£169.9K04/210.51 mi4a, Robertson Drive, St Annes Park, Bristol, City Of Bristol BS4 4JB2
£215K05/230.51 mi6c, Robertson Drive, St Annes Park, Bristol, City Of Bristol BS4 4JB2
£175K03/210.52 mi30, Bull Lane, St George, Bristol, City Of Bristol BS5 8AB2
£182.5K08/210.52 mi25, Bull Lane, St George, Bristol, City Of Bristol BS5 8AB2
£216K04/230.52 mi4, Bull Lane, St George, Bristol, City Of Bristol BS5 8AB2
£160K11/200.53 mi9a, Cousins Mews, St Annes Park, Bristol, City Of Bristol BS4 4LH2
£170K03/210.54 mi113, Wootton Road, Bristol, City Of Bristol BS4 4AS2
£180K11/220.56 mi2, The Stepping Stones, St Annes Park, Bristol, City Of Bristol BS4 4EY2
£190K03/210.56 mi60, Mallard Close, Bristol, City Of Bristol BS5 7TW2
£254K01/230.57 miFlat 24, Mill Court, Weavers Mill Close, Bristol, City Of Bristol BS5 8FF2
£187K12/220.58 mi21, The Stepping Stones, St Annes Park, Bristol, City Of Bristol BS4 4EY2
£167K12/220.58 mi71, The Stepping Stones, St Annes Park, Bristol, City Of Bristol BS4 4EY2
£150K01/210.58 mi4, The Stepping Stones, St Annes Park, Bristol, City Of Bristol BS4 4EY2
£154K02/210.58 mi7, The Stepping Stones, St Annes Park, Bristol, City Of Bristol BS4 4EY2
£160K04/210.58 mi2, The Stepping Stones, St Annes Park, Bristol, City Of Bristol BS4 4EY2
£153.5K04/210.58 mi6, The Stepping Stones, St Annes Park, Bristol, City Of Bristol BS4 4EY2
£147.5K12/200.58 mi44, The Stepping Stones, St Annes Park, Bristol, City Of Bristol BS4 4EY2
£180K07/230.59 mi175a, Two Mile Hill Road, Bristol, City Of Bristol BS15 1BG2
£184.5K12/200.64 mi22, Parade Court, Bristol, City Of Bristol BS5 7TB2

Local Rents

50 rents from £975/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,40003/240.13 miHilltop Gardens, Bristol2
£1,10004/240.15 miBell Hill Road, Bristol2
£1,15002/250.18 mi-2
£1,15001/250.18 miBethel Road, Bristol, BS52
£1,10004/240.19 miBethel Road, St George, Bristol2
£1,29003/250.19 mi-2
£1,30004/240.19 miHillside Road, Bristol, BS52
£1,30004/240.19 mi-2
£1,40001/250.19 mi-2
£1,25004/240.22 miBellevue Road, St. George, Bristol, BS52
£1,27503/240.22 mi-2
£1,29503/240.22 miBellevue Road, St George, Bristol2
£97503/240.24 miNags Head Hill, St George2
£1,10004/240.25 mia Kennion Road, Bristol2
£1,29503/240.29 miWhiteway Road, St George, Bristol2
£1,25003/240.29 miCassey Bottom Lane, Bristol2
£1,57501/250.29 mi-2
£1,40001/250.34 mi-2
£1,35003/240.35 miSt Annes, Butlers Close, BS5 8AW2
£1,20003/240.35 miButlers Close, Bristol2
£1,25003/250.37 mi-2
£1,00003/240.38 miNags Head Hill, Bristol2
£1,58004/240.38 miAvon View, 153 Crews Hole Road, Bristol, BS5 8BB2
£1,15004/240.38 miThe Glebes, St. George, Bristol, BS52
£1,15005/240.38 miNags Head Hill, St George, Bristol2
£1,15012/240.39 miGlebe Road, St George, Bristol2
£1,15003/240.39 miPort Side Close, St. George, Bristol2
£1,40004/240.4 miCelia Terrace, Bristol, City of2
£1,10003/240.4 miQueen Street, Kingswood, Bristol, Gloucestershire, BS152
£1,25010/230.41 miCelia Terrace,St. Annes Park,Bristol,BS42
£1,55005/240.41 mi-2
£1,55005/240.41 mi-2
£1,55005/240.41 mi-2
£1,20002/250.45 mi-2
£1,35003/240.48 miSnowberry Walk, Bristol2
£1,10005/240.48 miKingsway, St George, Bristol2
£1,10012/240.49 miBPC02337 Hudds Vale Road, Bristol, BS52
£1,20003/240.49 miHillside Road, Bristol2
£1,30005/240.49 miSnowberry Walk, St George, Bristol, BS52
£1,39503/240.49 miSnowberry Walk- St George2
£1,35005/240.49 miSnowberry Walk- St George2
£1,04501/240.5 mi-2
£1,19512/240.5 mi-2
£1,17502/250.5 mi-2
£1,19501/250.5 miFountain Mill, Bristol, BS52
£1,20012/240.51 miRiverside Steps, BS42
£1,25003/240.51 miSpeedwell Road, Whitehall, Bristol2
£1,29503/240.51 miSnowberry Walk, Bristol2
£1,10005/240.51 miRobertson Drive, St. Annes Park2
£1,19505/240.51 mi-2

Local Area Statistics

Population in BS5

52,459

Population in Bristol

795,432

Town centre distance

2.54 miles away

Nearest school

0.20 miles away

Nearest train station

1.31 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+41%

Sales demand

Seller's market

Capital growth (5yrs)

+37%

Property History

Listed for £199,950

September 20, 2024

Floor Plans

Description

  • Huge Two Bedroom Apartment on Top Floor of a Purpose Built Block +
  • Well Presented But Plenty of Scope to Improve and Create a Wonderful Home +
  • Great Location Close to Nature Reserve and Buses to Bristol City Centre +
  • Communal Gardens and Washing Lines +
  • Useful Garage in Nearby Block +
  • Huge Lounge and Separate Kitchen +
  • Two Double Bedrooms +
  • Bathroom With Shower Over Bath +
  • Perfect For First Time Buyers and Buy to Let Investors Alike! +
  • Offered Without Onward Chain – Viewing is Essential to Appreciate The Size of This Home!! +

SUBSTANTIAL TWO BEDROOM TOP FLOOR APARTMENT WITH GARAGE IN POPULAR LOCATION!!

TLS Estate Agents are delighted to bring to the market this fantastic size apartment set on the top (second) floor of a pleasant purpose built block in a great location that offers easy access to bus routes, local amenities and Troopers Hill Nature Reserve.

Although in need of some modernisation accommodation is generally well presented and we feel that this apartment offers scope to become something special. There is plenty of potential!

Said accommodation briefly comprises entrance hall with good storage, huge lounge, separate kitchen, two large double bedrooms and bathroom with shower over bath.

Externally there are communal gardens / washing lines and a useful garage in a block.

Offered without onward chain – viewing is essential!!

Agent Details

TLS Estate Agents, Bristol

0117 463 0157

Next Steps?

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