3 Bed Semi-Detached House, Refurb/BRRR, Bristol, BS15 9RY, £260,000

Courtney Way, Bristol, BS15 9RY - 4 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+10 photos

ValuationUndervalued

Sold Prices£225K - £425K
Sold Prices/m²£2K/m² - £4.5K/m²

 

 

Square Metres

~93 m²
Price/m²£2.8K/m²

Value Estimate

£267,800
BMV3%

 

 

End Value (After Refurb)

£307,862

Uplift in Value

+18%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£9,500

Refurb Costs

£38,000

Bridging Loan Interest

£6,825

Total Cash In

£121,075

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£307,862

Mortgage (After Refinance)

£230,897

Mortgage LTV

75%

Cash Released

£35,897

Cash Left In

£85,178

Equity

£76,966

Rent Range

£1,350 - £1,700

Rent Estimate

£1,490

Running Costs/mo

£1,280

Cashflow/mo

£210

Cashflow/yr

£2,519

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £225K to £425K, average is £285K. £2K/m² to £4.5K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£320K07/210.05 mi56, Coronation Road, Kingswood, Bristol, South Gloucestershire BS15 9SB3
£225K02/210.05 mi48, Coronation Road, Kingswood, Bristol, South Gloucestershire BS15 9SB3
£295K02/230.07 mi7, Whitecroft Way, Bristol, South Gloucestershire BS15 9YL3
£290K03/230.08 mi41, Grimsbury Road, Bristol, South Gloucestershire BS15 9SD3
£230K03/210.1 mi46, Courtney Way, Bristol, South Gloucestershire BS15 9RE3
£325K03/230.1 mi30, Courtney Way, Kingswood, Bristol, South Gloucestershire BS15 9RE3
£257K12/200.1 mi36, Whitecroft Way, Bristol, South Gloucestershire BS15 9YN3
£267K06/210.11 mi87, Grimsbury Road, Bristol, South Gloucestershire BS15 9YF3
£300K03/230.14 mi19, Kingsleigh Court, Bristol, South Gloucestershire BS15 9TD3
£285K08/210.14 mi19, Orchard Vale, Bristol, South Gloucestershire BS15 9UW3
£250K03/230.16 mi9, Brompton Close, Bristol, South Gloucestershire BS15 9UX3
£270K04/210.17 mi16, Gages Road, Bristol, South Gloucestershire BS15 9UQ3
£288K03/210.18 mi73, Orchard Vale, Bristol, South Gloucestershire BS15 9UL3
£265K02/210.2 mi47, Fairview Road, Bristol, South Gloucestershire BS15 9UU3
£272K03/210.22 mi6, Kingsleigh Park, Bristol, South Gloucestershire BS15 9PJ3
£325K01/230.24 mi9, Gages Close, Bristol, South Gloucestershire BS15 9UH3
£280K10/210.24 mi7, Tenniscourt Road, Bristol, South Gloucestershire BS15 4JW3
£295K12/200.25 mi28a, Hill Street, Kingswood, Bristol, South Gloucestershire BS15 4ES3
£310K06/210.25 mi91, Baden Road, Kingswood, Bristol, South Gloucestershire BS15 9XE3
£300K07/230.25 mi5, Walnut Lane, Bristol, South Gloucestershire BS15 4JQ3
£258K02/210.26 mi11, Ashley, Bristol, South Gloucestershire BS15 9UD3
£248.5K04/210.28 mi2, Bredon Close, Bristol, South Gloucestershire BS15 9PG3
£281K01/210.3 mi7, Amble Close, Bristol, South Gloucestershire BS15 9UR3
£260K09/210.31 mi21, Woodstock Road, Kingswood, Bristol, South Gloucestershire BS15 9UB3
£241K11/200.31 mi25, Woodstock Road, Kingswood, Bristol, South Gloucestershire BS15 9UB3
£285K01/210.31 mi33, Dyrham Road, Bristol, South Gloucestershire BS15 4HW3
£385K03/230.31 mi21, Dyrham Road, Bristol, South Gloucestershire BS15 4HW3
£319K02/210.32 mi17, Birkdale, Warmley, Bristol, South Gloucestershire BS30 8GH3
£356K12/220.33 mi22, Birkdale, Warmley, Bristol, South Gloucestershire BS30 8GH3
£305K09/210.33 mi18, Dyrham Road, Bristol, South Gloucestershire BS15 4HP3
£280K03/230.33 mi24, Orchard Gardens, Bristol, South Gloucestershire BS15 9UA3
£407K08/220.33 mi54, Orchard Road, Kingswood, Bristol, South Gloucestershire BS15 9TY3
£232.5K03/210.33 mi4, The Orchards, Kingswood, Bristol, South Gloucestershire BS15 9UF3
£257K02/230.33 mi16, The Orchards, Kingswood, Bristol, South Gloucestershire BS15 9UF3
£277K12/200.34 mi2, Niblett Close, Bristol, South Gloucestershire BS15 9GL3
£277K12/200.34 mi2, Niblett Close, Bristol, South Gloucestershire BS15 9GL3
£270K04/230.35 mi9, Filwood Drive, Bristol, South Gloucestershire BS15 4HT3
£260K04/210.37 mi55, Grace Drive, Bristol, South Gloucestershire BS15 4JX3
£281K06/210.37 mi21, Foxcote, Bristol, South Gloucestershire BS15 9TX3
£329.9K02/210.37 mi24, Belfry, Warmley, Bristol, South Gloucestershire BS30 8GG3
£285K04/210.37 mi14, Belfry, Warmley, Bristol, South Gloucestershire BS30 8GG3
£310K04/230.37 mi14, Belfry, Warmley, Bristol, South Gloucestershire BS30 8GG3
£260K03/230.38 mi21, Lynton, Bristol, South Gloucestershire BS15 4JY3
£275K05/210.39 mi40, Brake Close, Bristol, South Gloucestershire BS15 9TW3
£315K12/200.4 mi57, Cock Road, Bristol, South Gloucestershire BS15 9SQ3
£425K03/230.4 mi48, Cock Road, Kingswood, Bristol, South Gloucestershire BS15 9SQ3
£290K11/210.4 mi22, Lintham Drive, Kingswood, Bristol, South Gloucestershire BS15 9GE3
£326K03/230.4 mi16, Lintham Drive, Kingswood, Bristol, South Gloucestershire BS15 9GE3
£315K11/210.4 mi43, Howes Close, Barrs Court, Bristol, South Gloucestershire BS30 8SB3
£287K10/200.4 mi54, Howes Close, Barrs Court, Bristol, South Gloucestershire BS30 8SB3

Local Rents

19 rents from £1.4K/mo to £1.7K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,55001/240.06 mi-3
£1,39512/230.07 mi-3
£1,45012/240.08 mi-3
£1,65004/240.09 miCoronation Road, Kingswood3
£1,50003/240.1 mi-3
£1,50003/240.1 miWhitecroft Way, Bristol, BS153
£1,50003/240.17 miGages Road, Kingswood, Bristol, BS153
£1,50003/240.17 miGages Road, Kingswood, Bristol, BS153
£1,59503/240.35 miCourtney Road, Kingswood, Bristol3
£1,35012/240.38 mi14 Gregory Court, Bristol3
£1,40004/240.4 miChavenage, Kingswood, Bristol3
£1,40003/250.42 mi-3
£1,40003/240.47 miGleneagles Road, Warmley, Bristol, BS303
£1,50003/240.5 miLavers Close, Kingswood, Bristol, BS153
£1,39512/240.55 miStanley Road, Warmley, Bristol3
£1,55002/250.58 mi-3
£1,70003/240.59 miHigh Street, Kingswood, Bristol3
£1,50003/240.6 miHolly Hill Road, Kingswood, Bristol, BS153
£1,40012/240.61 miGlanville Gardens, Kingswood, Bristol3

Local Area Statistics

Population in BS15

47,398

Population in Bristol

795,432

Town centre distance

4.45 miles away

Nearest school

0.30 miles away

Nearest train station

2.78 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+36%

Property History

Listed for £260,000

October 30, 2024

Floor Plans

Description

  • NO ONWARD CHAIN +
  • MODERNISATION REQUIRED THROUGHOUT +
  • Three/Four Bedroom Semi Detached House +
  • Close To Local Amenities +
  • Extended To The Rear +
  • Double Glazing +
  • Gas Central Heating +
  • Front And Rear Gardens +
  • Potential To Extend Subject To Planning +
  • Good Schools Nearby +

The Property
Being sold with NO ONWARD CHAIN and complete MODERNISATION REQUIRED throughout is this spacious and extended THREE/FOUR BEDROOM SEMI DETACHED property. With lots of potential, this wonderful home is perfect for buyers that are looking to make a home their own as this property requires complete renovation but still has lots of scope to extend further.

The accommodation briefly comprises entrance hall, living room, kitchen, bathroom, dining room/fourth bedroom and en-suite WC to the ground floor with three further bedrooms to the floor above.

Further benefits include gas central heating, double glazing and front and rear gardens.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Bristol

020 3834 8691

Next Steps?

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