3 Bed Detached House, Refurb/BRRR, Bristol, BS40 5HR, £690,000

Planning permission already granted to extend to 5 bedrooms, BS40 5HR - 1 views - 6 months ago

Refurb/BRRR
Planning
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£200K - £765K
Sold Prices/m²£2.4K/m² - £7.9K/m²

 

 

Square Metres

~93 m²
Price/m²£7.4K/m²

Value Estimate

£341,892

 

 

End Value (After Refurb)

£629,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£172,500

Stamp Duty & Legal Fees

£48,300

Refurb Costs

£37,654

Bridging Loan Interest

£18,113

Total Cash In

£278,316

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£629,250

Mortgage (After Refinance)

£471,938

Mortgage LTV

75%

Cash Left In

£278,316

Equity

£157,313

Rent Range

£667 - £4,200

Rent Estimate

£1,729

Running Costs/mo

£2,332

Cashflow/mo

£-603

Cashflow/yr

£-7,238

Gross Yield

3%

Local Sold Prices

50 sold prices from £200K to £765K, average is £380K. £2.4K/m² to £7.9K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£425K06/210.11 miMyrtle Cottage, Blackmoor, Langford, Bristol, North Somerset BS40 5HJ3
£520K05/230.18 mi16, Maysmead Lane, Langford, Bristol, North Somerset BS40 5HX3
£398K01/230.27 miPost Cottage, Langford Road, Langford, Bristol, North Somerset BS40 5HU3
£675K10/220.3 miThe Byre, Lower Langford, Langford, Bristol, North Somerset BS40 5BL3
£618.5K02/210.31 miThe Byre, Lower Langford, Langford, Bristol, North Somerset BS40 5BL3
£640K08/230.49 miIona, Saxon Street, Langford, Bristol, North Somerset BS40 5BP3
£200K02/230.54 mi26, Stockmead, Langford, Bristol, North Somerset BS40 5JB3
£390K02/230.6 miThe Corner House, Bristol Road, Langford, Bristol, North Somerset BS40 5JE3
£380K11/220.67 mi3, Hillmead, Langford, Bristol, North Somerset BS40 5HA3
£420K06/210.72 miMonymusk, Bristol Road, Langford, Bristol, North Somerset BS40 5JH3
£370K11/210.73 mi3, Larch Close, Langford, Bristol, North Somerset BS40 5HF3
£312K05/210.73 mi1, Larch Close, Langford, Bristol, North Somerset BS40 5HF3
£310K07/230.73 mi4, Larch Close, Langford, Bristol, North Somerset BS40 5HF3
£470K07/230.74 mi18, Rowan Way, Langford, Bristol, North Somerset BS40 5HE3
£325K11/200.9 mi10, Ladymead Lane, Langford, Bristol, North Somerset BS40 5EG3
£765K09/230.92 miMill Barn, Mill Lane, Wrington, Bristol, North Somerset BS40 5RA3
£307K03/210.92 mi140, Broadoak Road, Langford, Bristol, North Somerset BS40 5HB3
£325K02/210.99 mi27, Garstons, Wrington, Bristol, North Somerset BS40 5QW3
£300K05/210.99 mi9, Garstons, Wrington, Bristol, North Somerset BS40 5QW3
£240K10/201.02 mi17, The Glebe, Wrington, Bristol, North Somerset BS40 5LX3
£292K09/231.02 mi60, The Glebe, Wrington, Bristol, North Somerset BS40 5LX3
£420K09/231.02 mi78, The Glebe, Wrington, Bristol, North Somerset BS40 5LX3
£324K11/211.03 mi74, The Glebe, Wrington, Bristol, North Somerset BS40 5LX3
£430K03/231.11 mi2, Cambridge Court, Wrington, Bristol, North Somerset BS40 5JL3
£315K10/201.11 mi1, Cambridge Court, Wrington, Bristol, North Somerset BS40 5JL3
£280K06/211.14 miRose Cottage, Silver Street, Wrington, Bristol, North Somerset BS40 5QE3
£530K11/211.16 miHonnalee, Broad Street, Wrington, Bristol, North Somerset BS40 5LA3
£475K01/211.18 miCowslip Corner, Brinsea Lane, Congresbury, Bristol, North Somerset BS49 5JW3
£317K06/211.2 mi12, Lawrence Road, Wrington, Bristol, North Somerset BS40 5QF3
£272K12/201.21 mi22, Lawrence Road, Wrington, Bristol, North Somerset BS40 5QF3
£285K04/211.21 mi19, Lawrence Road, Wrington, Bristol, North Somerset BS40 5QF3
£357.5K10/231.21 mi26, Lawrence Road, Wrington, Bristol, North Somerset BS40 5QF3
£350K05/231.21 mi22, Lawrence Road, Wrington, Bristol, North Somerset BS40 5QF3
£345K10/201.21 miOld Library, High Street, Wrington, Bristol, North Somerset BS40 5QA3
£240K08/231.23 mi6, School Road, Wrington, Bristol, North Somerset BS40 5NA3
£393K02/221.29 mi23, South Meadows, Wrington, Bristol, North Somerset BS40 5PF3
£455.5K09/211.34 mi3, Yeomans Orchard, Wrington, Bristol, North Somerset BS40 5NT3
£485K03/211.4 miGreystones, Ropers Lane, Wrington, Bristol, North Somerset BS40 5NH3
£450K06/211.42 miCherrywood, Orchard Walk, Churchill, Winscombe, North Somerset BS25 5NF3
£242K07/221.48 miLeigh House, New Road, Churchill, Winscombe, North Somerset BS25 5NR3
£300K08/231.48 miDaisybank, New Road, Churchill, Winscombe, North Somerset BS25 5NR3
£500K06/211.48 miSilverdale, Dinghurst Road, Churchill, Winscombe, North Somerset BS25 5PN3
£740K03/211.5 miHigh Patch, The Batch, Churchill, Winscombe, North Somerset BS25 5PP3
£580K02/221.52 miMyrtle Cottage, The Village, Burrington, Bristol, North Somerset BS40 7AA3
£280K01/211.73 mi6, Mulberry Road, Congresbury, Bristol, North Somerset BS49 5HD3
£380K02/211.79 mi3, Silver Street, Congresbury, Bristol, North Somerset BS49 5EY3
£322K04/211.82 mi69, Park Road, Congresbury, Bristol, North Somerset BS49 5HE3
£390K06/231.82 mi54, Park Road, Congresbury, Bristol, North Somerset BS49 5HH3
£430K08/211.83 mi1, Rickford Cottages, Rickford, Bristol, North Somerset BS40 7AL3
£430K08/211.83 mi1, Rickford Cottages, Rickford, Bristol, North Somerset BS40 7AL3

Local Rents

31 rents from £667/mo to £4.2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,49504/250.25 mi-2
£1,45010/240.25 mi-2
£1,20004/240.3 miLangford Road, Langford1
£2,20004/240.46 miMuntjac Road, Langford4
£2,83304/240.95 miBath Road, Langford, Bristol, Bath And North East Somerset, BS401
£83304/240.95 miBath Road, Langford, Bristol, Bath And North East Somerset, BS401
£3,33303/240.95 miBath Road, Langford, Bristol, Bath And North East Somerset, BS401
£3,33304/240.95 miBath Road, Langford, Bristol, Bath And North East Somerset, BS401
£1,40009/231.01 miThe Glebe, Wrington3
£1,09504/241.02 miThe Glebe, Wrington2
£1,20004/241.17 miGolden Lion Barn, Broad Street, Wrington2
£1,40004/241.19 miWrington, Bristol2
£1,10004/241.21 miHigh Street, Wrington2
£1,10010/241.24 mi-2
£1,16703/241.26 miBrinsea, Congresbury, Bristol, North Somerset, BS491
£66703/241.26 miBrinsea, Congresbury, Bristol, North Somerset, BS491
£1,25004/241.29 miSouth Meadows, Wrington, Bristol, BS402
£4,20004/241.35 miChapel Hill Wringtron North Somerset7
£1,25003/241.48 miNew Road, Churchill, North Somerset3
£72512/241.53 miFront Street, Churchill2
£66704/241.59 miLong Lane, Wrington, North Somerset, BS401
£2,10003/241.69 miCongresbury, Bristol4
£1,35010/241.84 mi-2
£1,65012/241.85 miSchool Lane, Rowberrow, Winscombe, North Somerset, BS253
£1,60004/241.96 miSilverstone Way, Congresbury, North Somerset4
£1,95003/242.08 miStonewell Drive, Congresbury5
£3,00003/242.11 miWrington Hill, Wrington, Bristol, BS404
£1,65002/242.45 mi-5
£1,40003/242.45 miShipham, BS254
£1,75004/242.46 miMenlea Villa, BS403
£1,35007/242.48 mi-3

Local Area Statistics

Population in BS40

12,548

Population in Bristol

795,432

Town centre distance

11.68 miles away

Nearest school

0.70 miles away

Nearest train station

3.88 miles away

 

 

Rental growth (12m)

-38%

Sales demand

Buyer's market

Capital growth (5yrs)

+20%

Property History

Price changed to £690,000

February 12, 2025

Listed for £745,000

October 2, 2024

Floor Plans

Description

  • Large Garden And Separate Paddock +
  • Traditional Somerset Cottage Believed To Date Back To 1800’s +
  • Panoramic Views Of Surrounding Farmland +
  • In Catchment For Popular Local Schools +
  • Easy Access to Bristol Airport/M5/Mainline Railway Services And Bristol City Centre +
  • NO ONWARD CHAIN +
  • Potential To Extend To Five Bedroom Family Home +
  • Approx 2383 Sq Ft Of Flexible Accommodation With Full Planning Permission To Extend To 2400 Sq/ Ft +

Maysmead Cottage, believed to date back to the 1800s, has been in the same family for several generations. It is situated in an idyllic rural, yet not isolated location on the edge of the popular village of Langford, which nestles at the foot of the Mendip Hills AONB (Area of Outstanding Natural Beauty). This traditional cottage backs onto open farmland, creating delightful vistas to the rear and is set within a generous, completely private garden surrounded by stone walls, mature hedging, and several fabulous mature trees. Additionally, there is a separate paddock area of approximately ¼* of an acre. Currently a three-bedroom property, it requires complete modernisation. Full planning permission has already been granted to extend it into a five-bedroom family home, offering approximately 2,400 to 2,500 sq. ft. (inc. garage) of flexible accommodation. This is a rare renovation opportunity, providing a fantastic chance for the buyer to create the home of their dreams. A long driveway leads to an incredibly attractive, white-rendered cottage with a contrasting terracotta-tiled roof. Inside, there are two reception rooms on either side of the hallway, both featuring deep recessed windows with views over the front garden and traditional open fireplaces. To the rear, the kitchen/breakfast room offers incredible views over open farmland. A wooden door opens to reveal a sunroom/store. Upstairs, there are two double bedrooms and a single bedroom, all with wooden floors. The principal bedroom features a pretty cast iron fireplace. In addition to the bedrooms there is also a reasonable tiled family bathroom.

EPC Rating: G

Agent Details

Robin King Estate Agents, Congresbury

01934 315036

Next Steps?

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