3 Bed Terraced House, Refurb/BRRR, Bristol, BS15 4BJ, £300,000

Southfield Avenue, Bristol, BS15 4BJ - 4 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+11 photos

ValuationOvervalued

Sold Prices£210K - £460K
Sold Prices/m²£2.5K/m² - £5.3K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£290,625

 

 

End Value (After Refurb)

£285,341

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£38,000

Bridging Loan Interest

£7,875

Total Cash In

£135,325

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£285,341

Mortgage (After Refinance)

£214,006

Mortgage LTV

75%

Cash Left In

£135,325

Equity

£71,335

Rent Range

£1,200 - £2,310

Rent Estimate

£1,606

Running Costs/mo

£1,233

Cashflow/mo

£373

Cashflow/yr

£4,477

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £210K to £460K, average is £282.5K. £2.5K/m² to £5.3K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£360K03/230.01 mi1, Southfield Avenue, Bristol, South Gloucestershire BS15 4BH3
£213K07/210.04 mi29, Southey Avenue, Bristol, South Gloucestershire BS15 1QT3
£300K03/230.09 mi27, Elmtree Way, Bristol, South Gloucestershire BS15 1QR3
£275K09/210.11 mi28, Church Road, Kingswood, Bristol, Avon BS15 4AZ3
£230K05/210.13 mi13, Elmtree Way, Bristol, South Gloucestershire BS15 1QS3
£315K05/230.13 mi3, Church Road, Kingswood, Bristol, South Gloucestershire BS15 4AU3
£260K02/210.14 mi10, Trinity Court, Kingswood, Bristol, South Gloucestershire BS15 4FG3
£235K11/200.17 mi24, Gilbert Road, Kingswood, Bristol, South Gloucestershire BS15 1RE3
£250K08/210.19 mi166, Pound Road, Bristol, South Gloucestershire BS15 4QS3
£288.5K06/230.19 mi109, Alma Road, Kingswood, Bristol, South Gloucestershire BS15 4EG3
£305K05/230.19 mi113, Alma Road, Kingswood, Bristol, South Gloucestershire BS15 4EG3
£215K12/200.2 mi44, New Cheltenham Road, Bristol, South Gloucestershire BS15 1TL3
£300K11/210.21 mi52, Syston Way, Bristol, South Gloucestershire BS15 1UJ3
£235K11/200.23 mi15, Kimberley Road, Bristol, South Gloucestershire BS15 1RG3
£235K04/210.24 mi21, Worcester Road, Kingswood, Bristol, South Gloucestershire BS15 1RN3
£385.5K06/230.25 mi2, Northend Avenue, Bristol, South Gloucestershire BS15 1UD3
£335K03/230.25 mi7, Northend Avenue, Bristol, South Gloucestershire BS15 1UD3
£330K12/220.25 mi9, Northend Avenue, Bristol, South Gloucestershire BS15 1UD3
£258K12/200.25 mi5, Spring Hill, Kingswood, Bristol, South Gloucestershire BS15 1XY3
£223K06/230.25 mi8, Mulberry Close, Bristol, South Gloucestershire BS15 4EE3
£285K10/200.25 mi12, Mulberry Close, Bristol, South Gloucestershire BS15 4EE3
£290K01/230.25 mi2, Mulberry Close, Bristol, South Gloucestershire BS15 4EE3
£250K04/210.27 mi39, Neville Road, Bristol, South Gloucestershire BS15 1XX3
£280K01/210.27 mi29, Neville Road, Bristol, South Gloucestershire BS15 1XX3
£287K02/230.28 mi15, Laurel Street, Bristol, South Gloucestershire BS15 8NB3
£285K01/230.28 mi21, Spring Hill, Kingswood, Bristol, South Gloucestershire BS15 1XT3
£315K07/210.29 mi19, Downend Road, Kingswood, Bristol, South Gloucestershire BS15 1RT3
£210K07/210.29 mi3, Mulberry Drive, Bristol, South Gloucestershire BS15 4EA3
£285K11/200.29 mi47, Downend Road, Kingswood, Bristol, South Gloucestershire BS15 1SG3
£275K01/210.3 mi38, Hanham Road, Bristol, South Gloucestershire BS15 8PP3
£258K09/210.3 mi11, Blackthorn Walk, Bristol, South Gloucestershire BS15 1TZ3
£279.9K03/210.3 mi19, Blackthorn Walk, Bristol, South Gloucestershire BS15 1TZ3
£250K03/210.31 mi55, Downend Road, Kingswood, Bristol, South Gloucestershire BS15 1SN3
£218K10/210.32 mi29, Cotswold View, Kingswood, Bristol, South Gloucestershire BS15 1TY3
£302K07/230.32 mi43, Cotswold View, Kingswood, Bristol, South Gloucestershire BS15 1TY3
£251K09/210.32 mi71, Cotswold View, Kingswood, Bristol, South Gloucestershire BS15 1TY3
£305K07/230.33 mi16, Kennington Avenue, Kingswood, Bristol, South Gloucestershire BS15 1SH3
£287K09/210.33 mi26, Kents Green, Bristol, South Gloucestershire BS15 1XU3
£258K12/200.33 mi28, Kents Green, Bristol, South Gloucestershire BS15 1XU3
£218K02/230.33 mi54, Wesley Hill, Bristol, South Gloucestershire BS15 1TU3
£286K04/210.34 mi19, Nympsfield, Bristol, South Gloucestershire BS15 1XP3
£302K11/200.34 mi6, Tyndale Road, Bristol, South Gloucestershire BS15 4QH3
£261K06/230.34 mi3, Tyndale Road, Bristol, South Gloucestershire BS15 4QH3
£385K05/230.35 mi98, Spring Hill, Kingswood, Bristol, South Gloucestershire BS15 1XR3
£296K02/230.36 mi55, Witcombe Close, Bristol, South Gloucestershire BS15 4RX3
£242.8K07/210.36 mi3, Derrick Road, Bristol, South Gloucestershire BS15 8DS3
£460K07/220.36 mi2, Nympsfield, Bristol, South Gloucestershire BS15 1XP3
£355K03/230.36 mi10, Edward Road, Kingswood, Bristol, South Gloucestershire BS15 9TG3
£351K10/220.38 mi22, Chase Road, Bristol, South Gloucestershire BS15 1TS3
£274K12/200.38 mi6, Furzewood Road, Bristol, South Gloucestershire BS15 4HH3

Local Rents

23 rents from £1.2K/mo to £2.3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,55004/240.04 miSouthey Avenue, Kingswood, Bristol3
£1,50004/240.14 miNorth Park, Bristol3
£1,65003/240.17 miLondon Street, Kingswood3
£1,50002/250.2 mi-3
£1,20004/240.23 miFairlyn Drive, Kingswood, Bristol3
£1,30003/240.23 miSpring Hill, Kingswood, Bristol3
£1,70003/240.24 miHigh Street, Kingswood, Bristol3
£1,70004/240.33 miDownend Road- Kingswood3
£2,19503/250.33 mi-3
£1,75004/240.34 miDownend Road, Kingswood, Bristol3
£1,40002/240.36 mi-3
£1,59503/240.37 miSpring Hill, Kingswood, Bristol3
£1,60003/240.39 miHalls Road, Kingswood3
£1,60003/240.42 miSpring Hill, Kingswood3
£1,50012/240.47 mi-3
£1,50004/240.47 miBroad Road, Bristol, BS153
£1,55012/240.49 mi-3
£2,20003/240.5 miMoravian Road, Kingswood, Bristol, BS153
£1,40003/240.53 miCaddick Close, Bristol3
£1,55003/240.54 miClare Road, Kingswood3
£1,67503/240.54 miPembroke Road, Kingswood, Bristol3
£1,50003/240.56 miHolly Hill Road, Kingswood, Bristol, BS153
£2,31004/240.58 miWoodside Road, Kingswood, Bristol, BS153

Local Area Statistics

Population in BS15

47,398

Population in Bristol

795,432

Town centre distance

3.72 miles away

Nearest school

0.30 miles away

Nearest train station

2.64 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+36%

Property History

Listed for £300,000

September 30, 2024

Floor Plans

Description

  • End of terrace house +

  • Three Bedrooms +

  • Lounge/ Diner +

  • Gardens +

  • Garage +

  • In need of some updating +

  • NO ONWARD CHAIN +

SUMMARY
An end of terrace house comprising entrance hallway, lounge/diner, three bedrooms and a bathroom. Benefiting from having a garage and off road parking to the rear of the house. Requiring some updating and NO ONWARD CHAIN!

DESCRIPTION
Situated in a popular residential area with good access to local amenities, schools and bus routes and just a short distance to the ring road into the centre of Bristol. Located in Kingswood, Kingswood has good variety of eateries, supermarkets. restaurants as well as dentists and doctors. This family home is being offered for sale with NO CHAIN and offers potential!

Entrance 
Leded stained glass front door leading into the entrance porchway with UPVC double glazed windows around, tiled flooring and a further UPVC double glazed obscured glass door leaing into the entrance hallway.

Hallway 
Hallway has a box housing circuit breaker and electric meter, radiator, laminate flooring, stairs rising up to the first floor landing, under stairs storage cupboard with light and coat hooks and doors through into lounge/diner.

Lounge / Diner 25' 5" max into the bay x 12' 9" max into recess ( 7.75m max into the bay x 3.89m max into recess )
UPVC double glazed bay window to the front aspect, UPVC double glazed doors leading out into the rear garden, laminate flooring, two radiators, Telephone point, gas living flame fire with a stone surround and hearth.

Kitchen 18' 3" max x 8' 10" ( 5.56m max x 2.69m )
UPVC double glazed window overlooking the rear garden, UPVC double glazed window to the side, UPVC double glazed door leading out into the rear garden, double panel heating radiator, laminate flooring, extensive range of base units and drawers with worktops over with tiled splashbacks and matching wall units, two wall units with glass front door, integrated electric oven and grill with an inset four ring gas hob with an extractor hood above, wall mounted boiler, dishwasher, space and plumbing for a washing machine and dryer, one and a half bowl sink unit and drainer with a mixer tap.

Landing 
UPVC double glazed window to the side aspect and hatch given access to the loft storage space.

Bathroom 
UPVC double glazed obscured glass window, tiled flooring, tiled walls,radiator, a corner bath with a seat with twin grip handles, low level WC, vanity wash hand basin and separate shower cubical with folding doors with electric shower.

Bedroom One 13' 10" into bay window x 8' 7" front of wardrobes ( 4.22m into bay window x 2.62m front of wardrobes )
UPVC double glazed windows to the front aspect, wall to wall mirrored wardrobes with sliding doors comprising hanging rails and shelving and central heating radiator.

Bedroom Two 11' 4" x 7' 10" plus door recess ( 3.45m x 2.39m plus door recess )
UPVC double glazed window to the rear aspect, radiator, built-in wardrobes with sliding doors comprising hanging rails and shelving.

Bedroom Three 8' 3" x 6' 2" to front of wardrobe ( 2.51m x 1.88m to front of wardrobe )
UPVC double glazed window to the front aspect, radiator, built in wardrobes with hanging rails and shelving.

Outside 
To The Front
Steps rising to the front door, front garden is paved and has a gate given side access around to the rear.

To The Rear
Rear garden is enclosed with fencing and has an outside tap, part laid with patio, decked area, lawned area, garden sheds, green house, mature shrubs, gate giving access to parking space and also a detached garage.

Garage 
Up and over door.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Kingswood

0117 463 8166

Next Steps?

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