2 Bed Bungalow, Refurb/BRRR, Bristol, BS30 9SG, £340,000

6 Highleaze Road, Oldland Common, Bristol, South Gloucestershire, BS30 9SG - 2 views - 6 months ago

Refurb/BRRR
86 m²
+16 photos

ValuationOvervalued

Sold Prices£146K - £450K
Sold Prices/m²£1.7K/m² - £6K/m²

 

 

Square Metres

86 m²
Price/m²£4K/m²

Value Estimate

£317,826

 

 

End Value (After Refurb)

£338,125

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£85,000

Stamp Duty & Legal Fees

£15,900

Refurb Costs

£34,970

Bridging Loan Interest

£8,925

Total Cash In

£146,545

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£338,125

Mortgage (After Refinance)

£253,594

Mortgage LTV

75%

Cash Left In

£146,545

Equity

£84,531

Rent Range

£975 - £1,450

Rent Estimate

£1,149

Running Costs/mo

£1,306

Cashflow/mo

£-157

Cashflow/yr

£-1,889

Gross Yield

4%

Local Sold Prices

50 sold prices from £146K to £450K, average is £253.8K. £1.7K/m² to £6K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£312K01/230.07 mi86a, West Street, Oldland Common, Bristol, South Gloucestershire BS30 9QS2
£255K02/210.11 mi2, Court Road, Oldland Common, Bristol, South Gloucestershire BS30 9SR2
£282K12/220.27 mi89, Berenda Drive, Longwell Green, Bristol, South Gloucestershire BS30 9YY2
£230K03/210.27 mi60, Berenda Drive, Longwell Green, Bristol, South Gloucestershire BS30 9YY2
£280K05/230.3 mi8, Stockton Close, Longwell Green, Bristol, South Gloucestershire BS30 9YS2
£315K11/210.3 mi149, High Street, Oldland Common, Bristol, South Gloucestershire BS30 9TD2
£285K01/230.32 mi15, Gilroy Close, Longwell Green, Bristol, South Gloucestershire BS30 9YT2
£146K02/230.32 mi5, Maple Close, Oldland Common, Bristol, South Gloucestershire BS30 9PX2
£270K11/210.34 mi9, Gilroy Close, Longwell Green, Bristol, South Gloucestershire BS30 9YT2
£450K12/220.35 mi50, St Annes Drive, Oldland Common, Bristol, South Gloucestershire BS30 6RB2
£215K12/200.35 mi21, St Annes Close, Cadbury Heath, Bristol, South Gloucestershire BS30 8EH2
£290K07/230.36 mi81, Long Beach Road, Longwell Green, Bristol, South Gloucestershire BS30 9XD2
£355K02/210.38 mi17, St Helens Drive, Oldland Common, Bristol, South Gloucestershire BS30 6RF2
£243.3K11/200.4 mi9, Fontana Close, Longwell Green, Bristol, South Gloucestershire BS30 9YN2
£430K08/210.41 mi6, Lodge Drive, Oldland Common, Bristol, South Gloucestershire BS30 6RQ2
£230K05/210.42 mi95, Long Beach Road, Longwell Green, Bristol, South Gloucestershire BS30 9YG2
£295K01/230.43 mi8, Ravenswood, Longwell Green, Bristol, South Gloucestershire BS30 9YR2
£240K06/210.44 mi90, Tower Road South, Bristol, South Gloucestershire BS30 8BP2
£236K08/210.44 mi21, Far Handstones, Bristol, South Gloucestershire BS30 8AR2
£246K06/210.44 mi19, Far Handstones, Bristol, South Gloucestershire BS30 8AR2
£220K07/210.45 mi53, Earlstone Crescent, Bristol, South Gloucestershire BS30 8AB2
£300K08/210.46 mi16, Redfield Hill, Oldland Common, Bristol, South Gloucestershire BS30 9TQ2
£305K09/210.46 mi20, Redfield Hill, Oldland Common, Bristol, South Gloucestershire BS30 9TQ2
£230K11/200.46 mi62, California Road, Bristol, South Gloucestershire BS30 9XW2
£250K03/230.47 mi5, Burbank Close, Longwell Green, Bristol, South Gloucestershire BS30 9YB2
£250K01/210.51 mi8, Dunster Gardens, Willsbridge, Bristol, South Gloucestershire BS30 6UR2
£240K02/210.53 mi12, Beaumont Close, Longwell Green, Bristol, City Of Bristol BS30 9XN2
£265K06/230.53 mi8, Beaumont Close, Longwell Green, Bristol, South Gloucestershire BS30 9XN2
£247K01/210.56 mi32, Mill Lane, Warmley, Bristol, South Gloucestershire BS30 8BN2
£265K02/230.56 mi46, Tower Road South, Bristol, South Gloucestershire BS30 8BW2
£272.5K02/230.56 mi10, Mill Lane, Warmley, Bristol, South Gloucestershire BS30 8BN2
£232.5K06/210.58 mi108, Long Beach Road, Longwell Green, Bristol, South Gloucestershire BS30 9XP2
£230K05/210.58 mi104, Long Beach Road, Longwell Green, Bristol, South Gloucestershire BS30 9XP2
£268.5K08/210.59 mi73, Ludlow Close, Willsbridge, Bristol, Avon BS30 6HA2
£245K03/210.59 mi87, Ludlow Close, Willsbridge, Bristol, South Gloucestershire BS30 6HA2
£290K06/210.6 mi11, Cottonwood Drive, Longwell Green, Bristol, South Gloucestershire BS30 9UF2
£240K01/230.63 mi1, Chesters, Bristol, South Gloucestershire BS30 8AQ2
£229.5K04/210.63 mi46, Kenilworth Drive, Willsbridge, Bristol, South Gloucestershire BS30 6DZ2
£280K02/210.64 mi18, Cadbury Heath Road, Bristol, South Gloucestershire BS30 8BX2
£287K05/230.64 mi29, Cadbury Heath Road, Bristol, South Gloucestershire BS30 8BX2
£295K11/210.64 mi1, Ludlow Close, Willsbridge, Bristol, South Gloucestershire BS30 6EA2
£219.9K12/200.64 mi13, Ludlow Close, Willsbridge, Bristol, South Gloucestershire BS30 6EA2
£217.5K04/210.64 mi5, Fonthill Way, Bitton, Bristol, South Gloucestershire BS30 6JY2
£252.5K08/210.65 mi5, Tapsters, Bristol, South Gloucestershire BS30 8HN2
£225K04/210.68 mi55, Poplar Road, Warmley, Bristol, South Gloucestershire BS30 5JX2
£239K10/200.69 mi1, Roseville Avenue, Longwell Green, Bristol, South Gloucestershire BS30 9UD2
£300K01/230.72 mi10, Millfield Drive, Bristol, South Gloucestershire BS30 5NR2
£230K03/210.72 mi2, Drummond Court, Longwell Green, Bristol, South Gloucestershire BS30 7EA2
£290K05/210.73 mi68, Shellards Road, Longwell Green, Bristol, Avon BS30 9DT2
£275K04/210.73 mi29, Wraxall Road, Bristol, South Gloucestershire BS30 8DN2

Local Rents

13 rents from £975/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,05004/240.13 miBPC02165 Court Road, Bristol2
£1,05012/240.13 miBPC02165 Court Road, Bristol2
£1,35003/240.16 mi-2
£1,30003/240.23 miHigh Street Oldland Common Bristol2
£1,10003/240.3 miMaple Close, Oldland Common, Bristol2
£1,20003/240.32 miNoble Avenue, North Common2
£1,20012/240.32 miNoble Avenue, North Common2
£1,00002/240.37 mi-2
£1,10012/240.43 miChiltern Close, Warmley 2
£1,26012/240.45 miChiltern Close, Bristol, BS302
£97503/240.45 miSchool Road Cadbury Heath Bristol2
£1,45003/250.46 mi-2
£1,20012/240.48 miDunster Gardens, Willsbridge, Bristol, BS302

Local Area Statistics

Population in BS30

30,091

Population in Bristol

795,432

Town centre distance

5.34 miles away

Nearest school

0.20 miles away

Nearest train station

1.88 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £340,000

September 24, 2024

Description

  • POPULAR LOCATION OF OLDLAND COMMON +
  • SEMI DETACHED BUNGALOW +
  • FORMERLY TWO BEDROOMS * +
  • LOUNGE ** KITCHEN * CONSERVATORY ** +
  • LOFT ROOM WITH EN SUITE ** +
  • BEAUTIFUL WELL TENDED GARDENS +
  • SEPARATE GARAGE WITH ADDITIONAL PARKING FOR SEVERAL VEHICLES * +

Semi detached bungalow set within a popular area of Oldland Common in need of modernisation. The property which was formally a two bedroom now has a master bedroom and a loft room currently used as a bedroom with an en-suite WC and wash hand basin. The property which is sat in beautifully well tended gardens also benefits from a hallway/second bedroom, lounge with patio doors onto the conservatory, with a kitchen and bathroom. To the outside of the property is a single garage with additional parking for several vehicles. Offered with no onward chain.

Agent Details

Anne James Estate Agents, Bristol

0117 463 0021

Next Steps?

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