3 Bed Semi-Detached House, Refurb/BRRR, Bristol, BS10 6LG, £325,000

Charlton Mead Drive, Bristol, BS10 6LG - 5 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+17 photos

ValuationOvervalued

Sold Prices£220K - £445K
Sold Prices/m²£2.6K/m² - £5.2K/m²

 

 

Square Metres

~93 m²
Price/m²£3.5K/m²

Value Estimate

£314,012

 

 

End Value (After Refurb)

£335,506

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£38,000

Bridging Loan Interest

£8,531

Total Cash In

£144,231

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£335,506

Mortgage (After Refinance)

£251,630

Mortgage LTV

75%

Cash Released

£7,880

Cash Left In

£136,352

Equity

£83,877

Rent Range

£1,400 - £2,040

Rent Estimate

£1,703

Running Costs/mo

£1,409

Cashflow/mo

£294

Cashflow/yr

£3,527

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £220K to £445K, average is £300K. £2.6K/m² to £5.2K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£420K10/220.02 mi40, Charlton Mead Drive, Bristol, City Of Bristol BS10 6LG3
£370K03/230.04 mi9, Charlton Mead Drive, Bristol, City Of Bristol BS10 6LF3
£267.5K07/210.06 mi13, Rockstowes Way, Bristol, City Of Bristol BS10 6JE3
£395K10/220.07 mi7, Northwoods Walk, Bristol, City Of Bristol BS10 6LS3
£280K09/210.1 mi29, Pensfield Park, Bristol, City Of Bristol BS10 6LE3
£297.5K05/230.1 mi19, Pensfield Park, Bristol, City Of Bristol BS10 6LE3
£425K06/230.1 mi51, Pensfield Park, Bristol, City Of Bristol BS10 6LE3
£295K01/210.11 mi3, Matford Close, Bristol, City Of Bristol BS10 6LR3
£320K08/210.11 mi10, Matford Close, Bristol, City Of Bristol BS10 6LR3
£325K04/210.11 mi36, Pensfield Park, Bristol, City Of Bristol BS10 6LD3
£290K03/210.12 mi18, Pensfield Park, Bristol, City Of Bristol BS10 6LD3
£270K10/200.12 mi54, Pensfield Park, Bristol, Avon BS10 6LD3
£221K06/210.13 mi285, Charlton Road, Brentry, Bristol, City Of Bristol BS10 6JX3
£360K03/230.14 mi300, Charlton Road, Brentry, Bristol, City Of Bristol BS10 6JZ3
£285K03/210.15 mi36, Tereslake Green, Bristol, City Of Bristol BS10 6LT3
£275K11/200.15 mi11, Tereslake Green, Bristol, City Of Bristol BS10 6LT3
£360K10/220.16 mi121, Charlton Mead Drive, Bristol, City Of Bristol BS10 6LP3
£300K04/210.17 mi121, Charlton Mead Drive, Bristol, City Of Bristol BS10 6LP3
£305K06/210.17 mi21, Homeleaze Road, Bristol, City Of Bristol BS10 6BZ3
£271K10/200.17 mi96, Homeleaze Road, Bristol, City Of Bristol BS10 6BZ3
£340K10/220.17 mi99, Homeleaze Road, Bristol, City Of Bristol BS10 6BZ3
£290.5K05/210.17 mi33, Tereslake Green, Bristol, City Of Bristol BS10 6LT3
£350K02/230.17 mi138, Chakeshill Drive, Bristol, City Of Bristol BS10 6PG3
£420K10/220.18 mi336, Charlton Road, Brentry, Bristol, City Of Bristol BS10 6JZ3
£300K10/220.18 mi7, Bracewell Gardens, Bristol, City Of Bristol BS10 6PE3
£265K01/210.18 mi24, Turnbridge Road, Bristol, City Of Bristol BS10 6PA3
£238K04/210.19 mi36, Briarside Road, Bristol, City Of Bristol BS10 6JB3
£234K10/200.19 mi12, Bindon Drive, Bristol, City Of Bristol BS10 6PJ3
£287.5K12/200.21 mi146, Charlton Mead Drive, Bristol, City Of Bristol BS10 6LH3
£340K02/210.23 mi50, Charlton Gardens, Bristol, Avon BS10 6LX3
£289.6K06/210.23 mi6, Charlton Gardens, Bristol, City Of Bristol BS10 6LX3
£299.9K03/230.23 mi100, Chakeshill Drive, Bristol, City Of Bristol BS10 6PD3
£220K11/200.23 mi76, Chakeshill Drive, Bristol, City Of Bristol BS10 6PD3
£330K08/210.23 mi7, Blandamour Way, Bristol, City Of Bristol BS10 6WE3
£285K12/200.23 mi30, Charlton Gardens, Bristol, City Of Bristol BS10 6LX3
£323K03/230.26 mi12, Chakeshill Drive, Bristol, City Of Bristol BS10 6NT3
£445K12/220.26 mi45, Charlton Gardens, Bristol, City Of Bristol BS10 6LU3
£317.5K01/230.26 mi14, Chakeshill Drive, Bristol, City Of Bristol BS10 6NT3
£275K10/210.26 mi10, Charlton Gardens, Bristol, City Of Bristol BS10 6LX3
£302.5K04/230.27 mi21, Chakeshill Drive, Bristol, City Of Bristol BS10 6NU3
£258K01/210.28 mi8, Easedale Close, Bristol, City Of Bristol BS10 6EW3
£270K03/230.29 mi69, Ravenglass Crescent, Bristol, City Of Bristol BS10 6EH3
£295K04/210.3 mi17, Jarratts Road, Bristol, City Of Bristol BS10 6WF3
£370K11/220.31 mi63, Blandamour Way, Bristol, City Of Bristol BS10 6WE3
£300K11/210.32 mi25, Sheaves Park, Bristol, City Of Bristol BS10 6WG3
£287K01/210.32 mi26, Sheaves Park, Bristol, City Of Bristol BS10 6WG3
£303K12/200.32 mi1, Sheaves Park, Bristol, City Of Bristol BS10 6WG3
£320K06/230.32 mi80, Ravenglass Crescent, Bristol, City Of Bristol BS10 6EJ3
£330K01/230.35 mi42, Ravenglass Crescent, Bristol, City Of Bristol BS10 6ER3
£244K10/200.39 mi243, Ullswater Road, Bristol, City Of Bristol BS10 6EQ3

Local Rents

23 rents from £1.4K/mo to £2K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,50004/240.17 miHomeleaze Road, BRISTOL3
£1,45003/240.24 miChakeshill Drive, Brentry, Bristol, BS103
£1,95003/250.26 mi-3
£1,50004/240.27 miBlandamour Way, Southmead3
£1,70003/240.29 mi-3
£1,60004/240.29 mi-3
£1,60004/240.29 mi-3
£1,60003/240.29 miRavenglass Crescent, Bristol, BS103
£1,50002/250.44 mi-3
£2,00004/240.47 mi-3
£1,70005/240.47 miAscot Road, Southmead, Bristol3
£1,85005/240.47 miAscot Road, Southmead, Bristol3
£1,70003/240.47 miFonthill Road, Southmead, Bristol3
£1,50003/240.47 miFonthill Road, Southmead, Bristol3
£1,49503/250.5 mi-3
£1,70003/240.51 miFonthill Road, Southmead, Bristol, BS103
£1,65003/240.51 miFonthill Road, Southmead, Bristol, BS103
£2,04002/240.56 mi-3
£1,80002/250.57 mi-3
£2,01004/240.6 mi-3
£2,01003/240.6 miCranmore Crescent, Bristol, BS103
£1,75003/240.6 miStaveley Crescent, Southmead3
£1,40005/240.62 miCharfield Road - Southmead3

Local Area Statistics

Population in BS10

27,846

Population in Bristol

795,432

Town centre distance

2.85 miles away

Nearest school

0.50 miles away

Nearest train station

1.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Balanced market

Capital growth (5yrs)

+34%

Property History

Listed for £325,000

November 6, 2024

Floor Plans

Description

  • Charlton Mead Drive +
  • Semi detached +
  • Garage and driveway +
  • No onward chain +
  • Backs onto Filton Golf course +
  • In need of modernisation +
  • Spacious rear garden +
  • Floor: 1,066 sq.ft +

An exciting opportunity to put your stamp on this spacious 3 bed semi-detached property in the sought-after area of Brentry.

Overview

An opportunity to put your own style into this spacious 3 bed semi-detached property in the sought-after area of Brentry.

Other houses on this road have converted the layout to accommodate four bedrooms or converted the garage (all subject to building regs and permissions). A sizeable garden outside backs onto Filton Golf with garden space at the front, space for 2 cars to be parked on the driveway plus a garage.

The property is in need of updating and modernisation, which could be appealing to a buyer looking to add value to the property (subject to market conditions).

Charlton Mead Drive is located perfectly for local shops, schools, bus routes. The shopping areas of Cribbs Causeway, Westbury on Trym & Greystoke Avenue are a short drive away.

Outside

There are spacious gardens to the front & rear backing onto the Golf Course, off street parking & garage.

Location

Charlton Mead Drive is perfectly placed for local shops, good local schools, bus routes, the proposed transport links to the exciting new arena nearby, Southmead hospital and the retail parks at Cribbs Causeway.

We think...

This could be an ideal project for someone looking to add value to the property and create a stylish comfortable home.

Material information (provided by owner)

Council Tax Band C. Freehold (rent charge exists tbc) estimated at £10. EPC - TBC

Agent Details

Ocean, Westbury on Trym

0117 463 0073

Next Steps?

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

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