4 Bed Detached House, Refurb/BRRR, Bristol, BS40 5PX, £550,000

15 Home Close, Wrington, North Somerset, BS40 5PX - 2 views - 5 months ago

Sold STC
Refurb/BRRR
~129 m²
+11 photos

ValuationOvervalued

Sold Prices£292K - £1.4M
Sold Prices/m²£2.5K/m² - £7.5K/m²

 

 

Square Metres

~129.26 m²
Price/m²£4.3K/m²

Value Estimate

£463,498

 

 

End Value (After Refurb)

£520,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£32,700

Refurb Costs

£52,333

Bridging Loan Interest

£14,438

Total Cash In

£238,721

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£520,000

Mortgage (After Refinance)

£390,000

Mortgage LTV

75%

Cash Left In

£238,721

Equity

£130,000

Rent Range

£625 - £4,200

Rent Estimate

£1,705

Running Costs/mo

£1,986

Cashflow/mo

£-281

Cashflow/yr

£-3,372

Gross Yield

4%

Local Sold Prices

40 sold prices from £292K to £1.4M, average is £462.5K. £2.5K/m² to £7.5K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£662.5K07/230.2 miBroadstone, Silver Street, Wrington, Bristol, North Somerset BS40 5QE4
£420K04/230.21 mi2, South Meadows, Wrington, Bristol, North Somerset BS40 5PF4
£700K03/210.23 miCourt Cottage, Ladywell, Wrington, Bristol, North Somerset BS40 5LT4
£1.4M03/230.23 miThe Dower House, Church Walk, Wrington, Bristol, North Somerset BS40 5QQ4
£750K01/210.25 miPriory House, Station Road, Wrington, Bristol, North Somerset BS40 5LG4
£460K03/210.32 mi38, Garstons Close, Wrington, Bristol, North Somerset BS40 5QT4
£366.1K06/210.32 mi6, Garstons Close, Wrington, Bristol, North Somerset BS40 5QT4
£370K02/210.32 mi21, Garstons Close, Wrington, Bristol, North Somerset BS40 5QT4
£337.5K04/210.35 mi7, Brooklyn, Wrington, Bristol, North Somerset BS40 5LJ4
£465K08/230.37 mi5, Wiltons, Wrington, Bristol, North Somerset BS40 5LS4
£375K04/210.39 mi10, Garstons, Wrington, Bristol, North Somerset BS40 5QW4
£380K02/210.39 mi19, Garstons, Wrington, Bristol, North Somerset BS40 5QW4
£440K03/210.43 mi7, Kings Road, Wrington, Bristol, North Somerset BS40 5LW4
£450K08/230.44 mi61, Garstons Orchard, Wrington, Bristol, North Somerset BS40 5LZ4
£655K01/210.48 mi19, Butts Batch, Wrington, Bristol, North Somerset BS40 5LN4
£1.1M05/211.48 miLaburnum Cottage, Redshard Lane, Langford, Bristol, North Somerset BS40 5EZ4
£650K01/211.53 mi14, Yew Tree Close, Langford, Bristol, North Somerset BS40 5DP4
£640K12/201.56 miHighwood House, Winters Lane, Redhill, Bristol, North Somerset BS40 5SH4
£380K06/211.58 miGreystones, Langford Road, Langford, Bristol, North Somerset BS40 5HU4
£767.5K12/201.58 miCombe House, Winters Lane, Redhill, Bristol, North Somerset BS40 5SH4
£475K01/211.72 mi26, Mulberry Road, Congresbury, Bristol, North Somerset BS49 5HD4
£325K02/211.78 mi10, Cobthorn Way, Congresbury, Bristol, North Somerset BS49 5BJ4
£420K01/211.78 mi6, Cobthorn Way, Congresbury, Bristol, North Somerset BS49 5BJ4
£595K07/231.79 mi46, Main Road, Cleeve, Bristol, North Somerset BS49 4NR4
£313K01/211.8 mi30, Cobthorn Way, Congresbury, Bristol, North Somerset BS49 5BJ4
£292K06/221.83 mi29, Stockmead, Langford, Bristol, North Somerset BS40 5JB4
£310K10/201.83 mi32, Wrington Mead, Congresbury, Bristol, Avon BS49 5BH4
£640K06/211.84 mi48, Brinsea Road, Congresbury, Bristol, North Somerset BS49 5JJ4
£610K05/231.84 mi27, Wrington Lane, Congresbury, Bristol, North Somerset BS49 5BQ4
£400K06/231.84 mi12, Verlands, Congresbury, Bristol, North Somerset BS49 5BL4
£345K01/211.85 mi23, Park Road, Congresbury, Bristol, North Somerset BS49 5HJ4
£710K02/211.87 mi24, Warner Close, Cleeve, Bristol, North Somerset BS49 4TA4
£605K09/231.87 mi5, Pudding Pie Lane, Langford, Bristol, North Somerset BS40 5EL4
£1.1M08/211.88 mi8, Rhodyate Lane, Cleeve, Bristol, North Somerset BS49 4NT4
£370K04/211.9 miHenlea, Bristol Road, Langford, Bristol, North Somerset BS40 5JE4
£660K12/201.91 mi45, Bishops Road, Cleeve, Bristol, North Somerset BS49 4NQ4
£531K04/231.92 mi45, Brinsea Road, Congresbury, Bristol, North Somerset BS49 5JQ4
£435K06/211.94 mi2, Hillmead, Langford, Bristol, North Somerset BS40 5HA4
£600K06/231.96 mi5, Brinsea Road, Congresbury, Bristol, North Somerset BS49 5JF4
£420K01/211.98 miSouthlands, Says Lane, Langford, Bristol, North Somerset BS40 5DZ4

Local Rents

34 rents from £625/mo to £4.2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£4,20004/240.11 miChapel Hill Wringtron North Somerset7
£1,10004/240.12 miHigh Street, Wrington2
£1,20004/240.17 miGolden Lion Barn, Broad Street, Wrington2
£1,25004/240.22 miSouth Meadows, Wrington, Bristol, BS402
£1,10010/240.25 mi-2
£1,40004/240.3 miWrington, Bristol2
£1,09504/240.31 miThe Glebe, Wrington2
£1,40009/230.32 miThe Glebe, Wrington3
£66704/240.61 miLong Lane, Wrington, North Somerset, BS401
£3,00003/240.82 miWrington Hill, Wrington, Bristol, BS404
£1,49504/251.52 mi-2
£1,45010/241.52 mi-2
£1,35007/241.61 mi-3
£1,20004/241.63 miLangford Road, Langford1
£2,10003/241.67 miCongresbury, Bristol4
£2,20004/241.7 miMuntjac Road, Langford4
£1,30004/241.74 mi8 Cleeve Court, Main Road, BS492
£95004/241.74 miMain Road, BS491
£1,35010/241.78 mi-2
£1,50004/241.82 miField View, Cleeve, Bristol, BS493
£1,60003/241.82 miField View, Cleeve, Bristol, BS493
£1,65004/241.91 miCleeve Drive, Cleeve, BS494
£1,60004/242.01 miSilverstone Way, Congresbury, North Somerset4
£1,95003/242.03 miStonewell Drive, Congresbury5
£1,16703/242.03 miBrinsea, Congresbury, Bristol, North Somerset, BS491
£66703/242.03 miBrinsea, Congresbury, Bristol, North Somerset, BS491
£1,99512/242.23 mi-2
£2,25002/252.23 mi-2
£2,83304/242.23 miBath Road, Langford, Bristol, Bath And North East Somerset, BS401
£83304/242.23 miBath Road, Langford, Bristol, Bath And North East Somerset, BS401
£3,33303/242.23 miBath Road, Langford, Bristol, Bath And North East Somerset, BS401
£3,33304/242.23 miBath Road, Langford, Bristol, Bath And North East Somerset, BS401
£62504/242.38 mi18617194 Claverham Road, Claverham1
£1,60004/242.42 miClaverham, Bristol3

Local Area Statistics

Population in BS40

12,548

Population in Bristol

795,432

Town centre distance

10.44 miles away

Nearest school

0.10 miles away

Nearest train station

3.41 miles away

 

 

Rental growth (12m)

-38%

Sales demand

Buyer's market

Capital growth (5yrs)

+20%

Property History

Listed for £550,000

October 29, 2024

Floor Plans

Description

  • Four bedroom detached home +
  • Three reception rooms +
  • Two bathrooms +
  • No onward chain +
  • Double garage and off road parking +
  • Close proximity to popular village school +

An executive family home, positioned at the end of this quite cul-de-sac in the heart of the village of Wrington. The property is bought to the market with the benefit of no onward chain, and whilst it does require some modernisation offers fantastic potential to put your own stamp on this conveniently situated home.

In brief, the ground floor accomodation comprises entrance hall, cloarkoom, living room, dining room, study, conservatory, kitchen/breakfast room and utility. The living room is an impressively spacious reception area with dual aspects over both the front and rear of the home, with feature electric fire set upon a marble effect hearth. UPVC sliding doors open from here into the rear garden. Adjoining the living room is a formal dining area, with UPVC doors leading out into the double glazed conservatory overlooking the rear garden, whilst providing direct access into. The kitchen/breakfast has been well stocked with an array of solid wood shaker style units, with ample space for freestanding white goods and tiled splash backs. A handy utility area provides further unit storage and stainless steel sink with drainer, whilst providing access to the side of the property and external access into the rear of the garage. Completing the ground floor is a versatile reception space, previously used as a study.

On the first floor are four bedrooms, a family bathroom and en-suite facilities. Bedroom one is a generously propertioned double room with signifcant amount of integrated wardrobe and storage space. The adjoining en-suite facilities consists panelled bath with shower over, WC and pedestal sink. Both bedroom two and three are further double rooms in size with the former benefiting from additional integrated wardrobe space. Bedroom four is a comfortable single room, that would work equally well as a home office, with views over surrounding playingfields and The Mendip Hills beyond. The family bathroom includes panelled bath with mains shower over, WC and wash hand basin. Complimentary tiling has been applied to all splash prone areas.

Situated on the door step of the ever popular Wrington C of E Primary School, this property is sure to prove popular with those looking to upsize into a spacious family home, therefore an early viewing is essential to avoid dissapointment.

Wrington is a well serviced village within easy reach of the M5 motorway and A38 to Taunton and the south west, and Bristol to the north. The city of Bristol is situated approximately 13 miles distant to the north and Bristol International Airport approximately 4.2 miles distant north east offering flights to a number of popular destinations. Nearby schools include Wrington Primary School and Churchill Academy for secondary and sixth form together with private schooling available at Fairfield School , Sidcot, Bristol Grammar, Clifton College and Wells Cathedral School.

To the front of the property a tarmacadam driveway provides off road parking for two cars leading up to the attached double garage. Fitted with the benefit of both light and power, the double garage can be accessed via to double, manual up and over doors to the front and a single UPVC door, leading down into the garden to the rear. The remaining front of the property has been beautifully framed with an array of mature shrubs, floral beds, lawn and hedging with a patio pathway leading down to the home. To the rear the garden enjoys and exceptional south facing aspect surrounded by privacy, and a real opportunity to put your own stamp on this relatively blank canvass. The garden has currently been laid almost entirely to lawn, with a small patio abbutting the sitting room, all enclosed by hedge boarders.

Agent Details

Greenslade Taylor Hunt, Redhill

0117 203 5577

Next Steps?

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

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