3 Bed Semi-Detached House, Refurb/BRRR, Bristol, BS48 2LA, £269,500

16 Brendon Gardens, Nailsea, North Somerset BS48 2LA - 1 views - 7 months ago

Under Offer
Refurb/BRRR
ROI: 2%
76 m²
+4 photos

ValuationOvervalued

Sold Prices£175K - £455K
Sold Prices/m²£1.4K/m² - £4.6K/m²

 

 

Square Metres

76 m²
Price/m²£3.5K/m²

Value Estimate

£255,000

 

 

End Value (After Refurb)

£285,888

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£67,375

Stamp Duty & Legal Fees

£15,650

Refurb Costs

£30,753

Bridging Loan Interest

£7,074

Total Cash In

£122,603

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£285,888

Mortgage (After Refinance)

£214,416

Mortgage LTV

75%

Cash Released

£12,291

Cash Left In

£110,312

Equity

£71,472

Rent Range

£1,100 - £1,650

Rent Estimate

£1,350

Running Costs/mo

£1,183

Cashflow/mo

£167

Cashflow/yr

£1,999

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £175K to £455K, average is £300K. £1.4K/m² to £4.6K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£297.5K06/210.03 mi19, Brendon Gardens, Nailsea, Bristol, North Somerset BS48 2LA3
£345K09/220.04 mi9, Coombe Road, Nailsea, Bristol, North Somerset BS48 2HS3
£330K07/230.04 mi52, Coombe Road, Nailsea, Bristol, North Somerset BS48 2HS3
£282.5K04/210.04 mi5, Clarken Close, Nailsea, Bristol, North Somerset BS48 2HR3
£330K10/220.05 mi7, Dunster Gardens, Nailsea, Bristol, North Somerset BS48 2JY3
£320K09/210.05 mi7, Dunkery Close, Nailsea, Bristol, North Somerset BS48 2LB3
£315K11/210.05 mi26, Coombe Road, Nailsea, Bristol, North Somerset BS48 2HS3
£282.5K01/210.05 mi14, Selworthy Gardens, Nailsea, Bristol, North Somerset BS48 2JZ3
£260K05/210.07 mi9, Dunster Gardens, Nailsea, Bristol, North Somerset BS48 2JY3
£295K05/210.07 mi31, Dunster Gardens, Nailsea, Bristol, North Somerset BS48 2JY3
£289.9K09/210.08 mi10, Burrington Close, Nailsea, Bristol, North Somerset BS48 2JX3
£315K09/210.1 mi72, Porlock Gardens, Nailsea, Bristol, North Somerset BS48 2QZ3
£330K12/220.12 mi41, Porlock Gardens, Nailsea, Bristol, North Somerset BS48 2QY3
£299.9K02/210.12 mi51, Porlock Gardens, Nailsea, Bristol, North Somerset BS48 2QZ3
£333K12/220.12 mi32, Porlock Gardens, Nailsea, Bristol, North Somerset BS48 2QY3
£250K08/210.13 mi6, Biddisham Close, Nailsea, Bristol, Avon BS48 2QF3
£260K04/230.13 mi3, Biddisham Close, Nailsea, Bristol, North Somerset BS48 2QF3
£455K06/210.14 mi22, Mizzymead Rise, Nailsea, Bristol, North Somerset BS48 2JN3
£245K03/210.14 mi7, Blandford Close, Nailsea, Bristol, North Somerset BS48 2QQ3
£210K07/210.14 mi2, Blandford Close, Nailsea, Bristol, North Somerset BS48 2QQ3
£250K04/210.14 mi6, Blandford Close, Nailsea, Bristol, North Somerset BS48 2QQ3
£335K03/210.15 mi40, Ash Hayes Drive, Nailsea, Bristol, North Somerset BS48 2LQ3
£350K06/210.15 mi38, Ash Hayes Drive, Nailsea, Bristol, North Somerset BS48 2LQ3
£290K09/210.15 mi18, Mizzymead Rise, Nailsea, Bristol, North Somerset BS48 2JJ3
£320K12/220.15 mi14, Mizzymead Rise, Nailsea, Bristol, North Somerset BS48 2JJ3
£425K02/230.15 mi47, Ash Hayes Drive, Nailsea, Bristol, North Somerset BS48 2LQ3
£245K03/210.16 mi7, Blandford Close, Nailsea, Bristol, North Somerset BS48 2QQ3
£392K08/230.16 mi15, Hillcrest Road, Nailsea, Bristol, North Somerset BS48 2JB3
£362K06/210.17 mi52, Ash Hayes Drive, Nailsea, Bristol, North Somerset BS48 2LH3
£255K01/210.18 mi15, Church Hayes Drive, Nailsea, Bristol, North Somerset BS48 4LX3
£250K11/200.18 mi4, Queens Road, Nailsea, Bristol, Avon BS48 4LD3
£310K10/220.19 mi10, Claremont Gardens, Nailsea, Bristol, North Somerset BS48 2HY3
£300K11/210.19 mi5, Abbotsbury Road, Nailsea, Bristol, North Somerset BS48 2QL3
£175K07/210.2 mi64, Shaftesbury Close, Nailsea, Bristol, North Somerset BS48 2QJ3
£300K08/220.2 mi6, Portland Close, Nailsea, Bristol, North Somerset BS48 2QP3
£265K07/210.2 mi16, Hazelbury Road, Nailsea, Bristol, North Somerset BS48 2JQ3
£268K09/210.2 mi62, Shaftesbury Close, Nailsea, Bristol, North Somerset BS48 2QJ3
£248K02/210.2 mi48, Shaftesbury Close, Nailsea, Bristol, North Somerset BS48 2QJ3
£339K07/220.21 mi4, Langport Gardens, Nailsea, Bristol, North Somerset BS48 2QG3
£310K12/220.22 mi28, Shaftesbury Close, Nailsea, Bristol, North Somerset BS48 2QH3
£315K07/230.22 mi6, Langport Gardens, Nailsea, Bristol, North Somerset BS48 2QG3
£300K11/200.22 mi6, Langport Gardens, Nailsea, Bristol, North Somerset BS48 2QG3
£255K05/210.23 mi36, Shaftesbury Close, Nailsea, Bristol, North Somerset BS48 2QH3
£347.5K06/210.23 mi21, Chancel Close, Nailsea, Bristol, North Somerset BS48 4NE3
£360K09/210.25 mi7, Bruton Close, Nailsea, Bristol, North Somerset BS48 4YW3
£250K05/210.25 mi1, Dorchester Close, Nailsea, Bristol, North Somerset BS48 4QW3
£310K10/210.26 mi5, Wareham Close, Nailsea, Bristol, North Somerset BS48 2HX3
£271K05/210.27 mi23, Strawberry Close, Nailsea, Bristol, North Somerset BS48 4NY3
£370K11/200.28 mi19, Walnut Close, Nailsea, Bristol, North Somerset BS48 4YH3
£193K12/200.28 mi35, Ash Hayes Road, Nailsea, Bristol, North Somerset BS48 2LP3

Local Rents

15 rents from £1.1K/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30006/230.05 mi-3
£1,30012/240.13 miBlandford Close, Nailsea, North Somerset, BS483
£1,20004/240.15 miBlandford Close, Nailsea, Bristol, BS483
£1,35004/250.19 mi-3
£1,10004/240.25 miDorchester Close, Nailsea, Bristol3
£1,65004/240.46 miBeechwood Road, Nailsea, North Somerset, BS483
£1,50003/240.46 miBeechwood Road, Nailsea, Bristol, Somerset, BS483
£1,60003/240.46 miGlassworks Mews, BS483
£1,15003/240.47 miEastway Square, Nailsea, North Somerset, BS483
£1,47512/240.54 miAvening Close, Nailsea, Bristol, BS483
£1,30012/240.55 miFosse Way, Nailsea, North Somerset, BS483
£1,35004/240.59 miMilton Close, Nailsea, North Somerset, BS483
£1,30012/240.6 miWoodview Terrace, Nailsea, Bristol, BS48 1AT3
£1,29512/240.62 miFrench Close, Nailsea3
£1,37509/230.62 mi-3

Local Area Statistics

Population in BS48

23,191

Population in Bristol

795,432

Town centre distance

7.92 miles away

Nearest school

0.30 miles away

Nearest train station

0.81 miles away

 

 

Rental growth (12m)

-3%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £269,500

September 23, 2024

Floor Plans

Description

  • Scope for improvement +
  • South facing rear garden +
  • No onward chain delays +
  • Drive and garage +

It is rare to find a three bedroom home of this era in such original, unaltered condition allowing you to modernise and personalise the house to your taste and style. Available without any chain delays.

The property was originally built around 1970 and stands in a quiet residential area just a short distance to the south of the town centre and within easy reach of local schools and the town centre amenities. The warm south facing position will be an attraction and there is a drive and garage to the rear.

The living space is bright and airy with large windows, very much a design feature of the time, flooding the rooms with natural light. The proportions are generous and while the house requires modernisation, a replacement combi boiler has been installed earlier this year.This part of Nailsea is tremendously popular partly due to the close proximity to the town centre and easy access to the large open parkland at Scotch Horn and Golden Valley. There are excellent schools nearby including Golden Valley School, Hannah More and The Grove schools with Nailsea School even closer to hand. There is also remarkably easy access on foot to the town centre amenities that include Waitrose, Tesco, W. H. Smith and many other nationally known retailers. There are two health centres, dental practices, a leisure centre and a gym, independent retailers, and a pedestrianised shopping development.

Nailsea also offers a selection of pubs, cafes and restaurants and a monthly farmers market takes place in the High Street.

The accommodation includes a traditional reception hall with a staircase rising to the first floor and doors to the living room, and to the kitchen.

The double aspect living room is a lovely size with plenty of space for sitting and dining.

The kitchen has a range of fitted wall and floor cupboards and roll edge laminated work surfaces while a door and window open to and overlook the rear garden.

On the first floor the landing opens to the bathroom, a separate WC with a Pampas suite and 3 airy bedrooms. Please note that in the majority of the houses of this design the bathroom and WC have been incorporated as one room creating a surprisingly spacious combined bathroom.

Outside:
The house enjoys the advantage of a standing in a landscaped cul de sac away from busy roads with a footpath leading to the front where the mature garden frames the house. A path leads to the front door and continues to the side of the house arriving at the rear garden where a paved patio area is sheltered private and south facing with a series of established specimen shrubs and bushes. Beyond the patio there is a gated driveway area that provides parking with an adjoining Garage set to one side.

Services & Outgoings:
Mains water, gas, electricity and drainage are connected. Telephone and broadband are available including super-fast broadband and Cable broadband services with download speeds of 1Gb or higher. Gas fired central heating through radiators. Council Tax Band C.

Energy Performance:
The property has been assessed at band D-62 for energy performance. The full energy performance certificate is available on request on email.

Viewing:
By appointment with HENSONS

Agent Details

Hensons, Nailsea

01275 402648

Next Steps?

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