4 Bed HMO, Bristol, BS34 7PF £400,000

Gloucester Road North, Bristol, BS34 7PF - 3 views - a year ago
Sold STC
HMO
ROI: 4%
~175 m²
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+4 photos

ValuationUndervalued

Sold Prices£280K - £745K
Sold Prices/m²£3.3K/m² - £5.3K/m²

 

 

Square Metres

~175 m²
Price/m²£2.3K/m²

Value Estimate

£500,000
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£31,200

Total Cash In

£131,200

 

 

Cash Out

 

Room Rate

£685

Gross Rent

£2,740

Running Costs/mo

£2,338

Cashflow/mo

£402

Cashflow/yr

£4,826

ROI

4%

Gross Yield

8%

Local Sold Prices

38 sold prices from £280K to £745K, average is £472.5K. £3.3K/m² to £5.3K/m², average is £4.4K/m².

Price
Date
Distance
Address
Beds
 
£478K05/210.25 mi5, The Wicketts, Bristol, South Gloucestershire BS7 0SR4
£425K07/240.25 mi14, The Wicketts, Bristol BS7 0SR4
£425K07/240.25 mi14, The Wicketts, Bristol BS7 0SR4
£425K11/240.33 mi36, Mackie Grove, Bristol BS34 7NF4
£525.5K05/230.4 mi19, Braemar Avenue, Bristol, South Gloucestershire BS7 0TA4
£440K12/240.41 mi638, Southmead Road, Filton, Bristol, South Gloucestershire BS34 7RE4
£485K06/230.44 mi48, Conygre Road, Filton, Bristol, South Gloucestershire BS34 7DB4
£452K02/250.45 mi74, Braemar Avenue, Bristol, South Gloucestershire BS7 0TQ4
£705K07/230.48 mi1, Pitlochry Close, Horfield, Bristol BS7 0TU4
£705K07/230.48 mi1, Pitlochry Close, Horfield, Bristol BS7 0TU4
£560K06/240.48 mi7, Pitlochry Close, Horfield, Bristol BS7 0TU4
£560K06/240.48 mi7, Pitlochry Close, Horfield, Bristol BS7 0TU4
£745K11/220.49 mi24, Pitlochry Close, Bristol, City Of Bristol BS7 0TU4
£340K03/250.49 mi54, Warren Road, Bristol BS34 7EJ4
£705K07/230.5 mi1, Pitlochry Close, Bristol, City Of Bristol BS7 0TU4
£575K05/210.5 mi14, Pitlochry Close, Bristol, City Of Bristol BS7 0TU4
£516K07/240.51 mi30, Pitlochry Close, Horfield, Bristol BS7 0TU4
£516K07/240.51 mi30, Pitlochry Close, Horfield, Bristol BS7 0TU4
£600K03/230.51 mi73, Kenmore Crescent, Bristol, South Gloucestershire BS7 0TP4
£745K11/220.52 mi24, Pitlochry Close, Horfield, Bristol BS7 0TU4
£416K11/220.52 mi20, Mortimer Road, Filton, Bristol, South Gloucestershire BS34 7LF4
£280K06/230.55 mi882, Filton Avenue, Filton, Bristol, South Gloucestershire BS34 7AY4
£577K07/230.67 mi1, Kenmore Drive, Bristol, South Gloucestershire BS7 0TS4
£400K06/210.69 mi29, Montreal Avenue, Bristol, City Of Bristol BS7 0NB4
£470K03/250.69 mi6, St Aldwyns Close, Horfield, Bristol BS7 0UQ4
£470K03/250.69 mi6, St Aldwyns Close, Horfield, Bristol BS7 0UQ4
£475K06/240.75 mi21, Blandamour Way, Bristol, City Of Bristol BS10 6WE4
£455K06/230.75 mi11, Blandamour Way, Bristol, City Of Bristol BS10 6WE4
£425K05/250.81 mi9, Parkers Close, Southmead, Bristol BS10 6LZ4
£425K05/250.81 mi9, Parkers Close, Southmead, Bristol BS10 6LZ4
£542.5K01/230.84 mi9, Doone Road, Bristol, City Of Bristol BS7 0JQ4
£435K10/220.84 mi76, Charlton Mead Drive, Bristol, City Of Bristol BS10 6LW4
£518K08/240.84 mi73, Charlton Mead Drive, Bristol, City Of Bristol BS10 6LW4
£518K08/240.87 mi73, Charlton Mead Drive, Southmead, Bristol BS10 6LW4
£450K07/220.92 mi47, Charlton Gardens, Bristol, City Of Bristol BS10 6LU4
£450K06/230.95 mi41, Sandling Avenue, Bristol, City Of Bristol BS7 0HS4
£435K10/220.97 mi192, Pen Park Road, Bristol, City Of Bristol BS10 6BX4
£450K12/220.98 mi129, Bartholomews Square, Horfield, Bristol, City Of Bristol BS7 0QB4

Local Area Statistics

Population in BS34

29,893

Population in Bristol

795,432

Town centre distance

2.59 miles away

Nearest school

0.20 miles away

Nearest train station

0.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £400,000

November 8, 2024

Floor Plans

Property image

Description

  • POTENTIAL INVESTMENT OPPORTUNITY +
  • HMO Potential - Subject To Permissions +
  • Further Potential To Complete Loft Conversion +
  • Good Transport Links Nearby +
  • Close To Local Amenities +
  • Good Schools Nearby +
  • Off Street Parking +
  • Garden Cabin +
  • Large Private Garden +
  • Gas Central Heating +

The Property
*GUIDE PRICE £400,000 - £425,000
Spacious property is very well located for local amenities including fantastic public transport routes straight into the city centre via Gloucester Road. Being very close proximity to schools, SGS Filton College, UWE and major employers such as the MOD, Airbus and Cribbs Causeway.

This property has lots of potential to earn a high yield as a HMO subject to the correct permissions being obtained. Currently set up as two separate flats this property has pending permission for a rear single story extension.

Further benefits include off street parking, a large rear garden and an outbuilding set up with living space, kitchen and shower room. The entrance compromises of a hall/landing separating the floors with their own front doors. Internally on the ground floor there is a lounge, bedroom/reception room, kitchen, conservatory and shower room. First floor has a kitchen/living space, two bedrooms and bathroom. The loft has been partially converted but is not currently to regulations so would need some further work to be completed and signed off.

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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