2 Bed Flat, Single Let, Bristol, BS6 6DQ, £275,000

Springfield House, Cotham Road, Bristol, BS6 6DQ - 2 views - 6 months ago

Sold STC
Leasehold
BTL
ROI: 3%
~68 m²
+16 photos

ValuationUndervalued

Sold Prices£210K - £630K
Sold Prices/m²£3.7K/m² - £6.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

Value Estimate

£333,652
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Total Cash In

£79,450

 

 

Cash Out

 

Rent Range

£1,300 - £2,600

Rent Estimate

£1,369

Running Costs/mo

£1,153

Cashflow/mo

£216

Cashflow/yr

£2,590

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £210K to £630K, average is £350K. £3.7K/m² to £6.9K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£300K06/210.09 mi224, High Kingsdown, Bristol, City Of Bristol BS2 8DG2
£349.9K12/200.1 mi255, High Kingsdown, Bristol, City Of Bristol BS2 8DF2
£277K09/210.13 miTop Floor Flat, 15, Hampton Road, Bristol, City Of Bristol BS6 6HW2
£516.4K06/210.15 mi3, Cotham Park, Bristol, City Of Bristol BS6 6BZ2
£470K12/200.17 mi28a, Hampton Road, Bristol, City Of Bristol BS6 6HL2
£359.6K07/230.18 mi16a, Portland Street, Kingsdown, Bristol, City Of Bristol BS2 8HL2
£300K12/220.21 miThird Floor Flat, 44, Hampton Road, Redland, Bristol, City Of Bristol BS6 6HZ2
£417.5K04/210.23 mi7, Rokeby Avenue, Bristol, City Of Bristol BS6 6EJ2
£317K02/210.26 mi11, Archfield Road, Bristol, City Of Bristol BS6 6BD2
£447.5K04/230.28 miHall Floor Flat, 1, Cotham Grove, Bristol, City Of Bristol BS6 6AL2
£375K10/210.29 miGarden Flat, 3, Melville Road, Bristol, City Of Bristol BS6 6PA2
£500K12/220.29 miGarden Flat, 50, Hampton Park, Bristol, City Of Bristol BS6 6LJ2
£350K05/230.31 mi5, Melrose Place, Bristol, City Of Bristol BS8 2NQ2
£250K12/200.31 mi12, Melrose Place, Bristol, City Of Bristol BS8 2NQ2
£325K04/210.32 miFirst Floor Flat, 17, Somerset Street, Kingsdown, Bristol, City Of Bristol BS2 8NB2
£262.5K12/200.35 miFirst Floor Flat, 91, Cotham Brow, Bristol, City Of Bristol BS6 6AW2
£325K02/210.35 miGround Floor Flat, 89, Cotham Brow, Bristol, City Of Bristol BS6 6AW2
£276.5K01/230.35 mi59, Cotham Brow, Bristol, City Of Bristol BS6 6AW2
£260K11/210.35 mi82d, Dove Street, Bristol, City Of Bristol BS2 8LS2
£357K12/220.36 miHall Floor Flat, 64, Hampton Park, Bristol, City Of Bristol BS6 6LJ2
£425K06/210.38 miFlat 3, Chandos, Woodfield Road, Bristol, City Of Bristol BS6 6PL2
£317K04/210.38 mi10c, Elmgrove Road, Redland, Bristol, City Of Bristol BS6 6AH2
£325K03/210.38 miTop Floor Flat, 15, Elmgrove Road, Redland, Bristol, City Of Bristol BS6 6AH2
£367K06/210.38 mi9, Oakland Road, Redland, Bristol, City Of Bristol BS6 6ND2
£355.5K02/230.38 miFlat 7, Victoria Court, Victoria Gardens, Bristol, City Of Bristol BS6 5SF2
£342K06/210.39 mi43, Fernbank Road, Bristol, City Of Bristol BS6 6PX2
£445K11/200.4 miFlat 11, Chandos, Woodfield Road, Bristol, City Of Bristol BS6 6PL2
£400K05/230.42 mi2, Ashgrove Road, Redland, Bristol, City Of Bristol BS6 6LY2
£290K05/210.43 mi99, Cotham Brow, Bristol, City Of Bristol BS6 6AS2
£240K04/210.43 miFlat 5, Hamilton Court, Montague Street, Bristol, City Of Bristol BS2 8NY2
£268K04/210.43 miFlat 54, Hamilton Court, Montague Street, Bristol, City Of Bristol BS2 8NZ2
£315K07/230.43 miFlat 98, Hamilton Court, Montague Street, Bristol, City Of Bristol BS2 8NZ2
£300K06/210.43 mi49, Alma Court, Bristol, City Of Bristol BS8 2HJ2
£270K09/210.43 miFirst Floor Flat, 33, Sydenham Hill, Bristol, City Of Bristol BS6 5SL2
£290K05/210.44 mi99, Cotham Brow, Bristol, City Of Bristol BS6 6AS2
£362.5K06/210.44 miFirst Floor Flat, 4, South Road, Redland, Bristol, City Of Bristol BS6 6QP2
£630K02/210.44 miGround Floor Flat, 19, Fernbank Road, Bristol, City Of Bristol BS6 6QA2
£473.5K06/230.45 miFirst And Second Floor Maisonette, 18, Southleigh Road, Bristol, City Of Bristol BS8 2BH2
£210K08/210.46 miFlat 109, Armada House, Dove Street, Bristol, City Of Bristol BS2 8LB2
£525K03/210.46 miHall Floor Flat, 2, Chantry Road, Bristol, City Of Bristol BS8 2QD2
£410.5K02/230.46 miFirst Floor Flat, 27, Fernbank Road, Bristol, City Of Bristol BS6 6PZ2
£520K11/200.47 mi19, Westfield Park, Bristol, City Of Bristol BS6 6LX2
£350K03/210.47 miGarden Flat, 75, Springfield Road, Bristol, City Of Bristol BS6 5SW2
£270K03/210.47 miSecond Floor Flat, 81, Springfield Road, Bristol, City Of Bristol BS6 5SW2
£355K04/230.48 miTop Floor Flat, 16, Arlington Villas, Bristol, City Of Bristol BS8 2EG2
£350K10/210.48 miThe Garden Apartment, 56, Alma Vale Road, Bristol, City Of Bristol BS8 2HS2
£348K12/200.49 miFlat 2, 1 Chesterfield Buildings, Westbourne Place, Bristol, City Of Bristol BS8 1RX2
£422K01/210.49 miTop Floor Flat, 8, Westfield Park, Bristol, City Of Bristol BS6 6LT2
£422K01/210.49 mi7b, Westfield Park, Bristol, City Of Bristol BS6 6LT2
£322.5K01/210.5 miFirst Floor Flat, 36, Arley Hill, Bristol, City Of Bristol BS6 5PR2

Local Rents

51 rents from £1.3K/mo to £2.6K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,50003/240.03 miFirst Floor Flat, Cotham Road2
£1,60003/240.05 miCotham Lawn Apartments, 1 Cotham Lawn Road, Cotham2
£1,60005/240.07 miHambledon House, Redland2
£1,60005/240.07 miHambledon House, Redland2
£2,00003/250.08 mi-2
£1,80003/240.08 mi-2
£1,80003/240.08 miHigh Kingsdown, Bristol, BS22
£1,90002/250.08 mi-2
£1,65003/240.08 miTyndalls Park Road, Clifton, Bristol, BS82
£1,60004/240.09 mi208 High Kingsdown, Bristol2
£1,60003/240.09 miHigh Kingsdown, BS22
£1,60004/240.09 miCotham Lawn Road, Bristol, BS62
£1,60004/240.09 mi-2
£1,40003/240.1 miTrelawney Road, Cotham, Bristol, BS62
£1,75003/240.11 miTrelawney Road, Bristol,2
£1,50003/250.11 mi-2
£1,45003/240.12 miSt Michaels Hills – 8442
£2,30003/250.14 mi-2
£2,00003/240.14 miAberdeen Road, Redland, Bristol, BS62
£2,00004/240.14 miAberdeen Road, Redland, Bristol, BS62
£2,60003/240.14 miCotham Vale, Bristol, BS62
£1,55004/240.15 miCotham Vale, BRISTOL, BS62
£1,55003/240.15 miAberdeen Road, Cotham2
£1,50004/240.15 miHampton Road, Redland, BS6 6HL2
£1,70003/240.16 mi-2
£1,70003/240.16 miCotham Vale, Bristol, BS62
£1,47003/240.16 miAberdeen Road, Cotham, Bristol2
£1,75003/240.16 miWest Park, Clifton, Bristol2
£1,60004/240.17 miBPC01955 Cotham Road, Cotham, BS62
£1,95003/240.17 miHampton Road – TFF – Ref: 4012
£1,95005/240.17 mi-2
£1,70005/240.18 miCotham Gardens, Bristol2
£1,85003/240.19 miAbbotsford Road, Redland,2
£2,15005/240.2 miCotham Road, Bristol BS6 6DJ2
£1,30012/240.21 mi-2
£1,50004/240.21 miAberdeen Road Cotham Bristol2
£1,60003/240.21 miWest Park, Clifton2
£1,70003/240.21 miBPC01597 West Park, Clifton, BS82
£1,47504/240.21 miHampton Road, Bristol, Bristol2
£1,35003/240.21 miCotham Road South, Cotham, Bristol, BS62
£1,80003/240.22 miAbbotsford Road, Cotham, Bristol2
£1,70004/240.22 miAbbotsford Road, Redland, Bristol2
£1,70004/240.22 miAbbotsford Road, Redland, Bristol2
£1,70004/240.22 miAbbotsford Road, Redland, Bristol2
£1,70004/240.22 miAbbotsford Road, Redland, Bristol2
£1,70004/240.22 miAbbotsford Road, Redland, Bristol2
£1,80003/250.23 mi-2
£1,60003/240.23 mi52 Cotham Road - Flat 3CothamBristol2
£1,50001/250.24 mi-2
£1,50001/250.24 mi-2
£1,40001/250.24 mi-2

Local Area Statistics

Population in BS6

33,615

Population in Bristol

795,432

Town centre distance

0.76 miles away

Nearest school

0.10 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-14%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £275,000

October 4, 2024

Floor Plans

Description

  • Refurbishment Opportunity +
  • Two Bedroom Apartment +
  • Excellent Central Location +
  • Close to Uni, Hospitals & BBC +
  • Single Garage +
  • No Onward Chain +
  • Ideal For FTB, Rental or Downsizers +

A wonderful refurbishment opportunity located in a prime central location on the Cotham/Redland/ Clifton borders. In the same ownership since it was built the flat now requires comprehensive updating throughout giving the incoming owner the chance to put their own mark on their new home.

Forming part of a small and tucked away development of similar flats located in between Western College and Cotham School the location is highly desirable. Most of the cities prime areas are within reasonable walking distance.
The flat is approached via the communal drive, through the front communal gardens and up a flight of stairs shared with the neighbouring flat. A hall runs through the middle of the flat with storage cupboard and hot water tank. Bedrooms are positioned to either side with big windows to the front aspect. Both rooms have fitted wardrobes. The bathroom is positioned centrally and has a skylight in addition to a simple white suite. At the rear and overlooking the rear communal gardens is a good sized living room and adjoining kitchen. Big windows and a westerly aspect make these rooms particularly bright and airy.
All windows have been replaced with UPVc double glazed units and heating is via electric storage heaters. The kitchen whilst dated is serviceable and comes with a free standing electric cooker. There is plumbing for a washing machine.
Parking for the flat is in its own garage. The garage sits in a block to the rear side of the building and has a simple up and over type garage door. The communal gardens are attractively maintained and surprisingly spacious providing residents with a relaxing outdoor space. There are two guest parking spaces available for the development. The flat is offered for sale with no onward chain.
Important Information
Remainder of a 999 year lease from 13/1/1966 (940 years remaining)
Service Charge £86 per month.
Ground Rent not collected.
Residents'-owned management company that owns the freehold
Council Tax Band C.
Residents Parking Permit Area.

Agent Details

Leese and Nagle, Westbury On Trym

0117 463 0235

Next Steps?

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