3 Bed Terraced House, Refurb/BRRR, Bristol, BS15 9QQ, £300,000

Hopps Road, Kingswood, Bristol, BS15 9QQ - 3 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+7 photos

ValuationFair Value

Sold Prices£228K - £485K
Sold Prices/m²£2.1K/m² - £5.3K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£300,860

 

 

End Value (After Refurb)

£312,023

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£38,000

Bridging Loan Interest

£7,875

Total Cash In

£135,325

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£312,023

Mortgage (After Refinance)

£234,018

Mortgage LTV

75%

Cash Released

£9,018

Cash Left In

£126,307

Equity

£78,006

Rent Range

£1,200 - £2,310

Rent Estimate

£1,595

Running Costs/mo

£1,314

Cashflow/mo

£281

Cashflow/yr

£3,371

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £228K to £485K, average is £290.5K. £2.1K/m² to £5.3K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£253.3K01/210.07 mi104, Hanham Road, Bristol, South Gloucestershire BS15 8NP3
£330K03/230.07 mi53c, Court Road, Kingswood, Bristol, South Gloucestershire BS15 9QG3
£270K05/230.13 mi5, Oakfield Road, Kingswood, Bristol, South Gloucestershire BS15 8NT3
£250K12/200.16 mi2, Russell Avenue, Bristol, South Gloucestershire BS15 9QF3
£314K11/200.17 mi13, Court Road, Kingswood, Bristol, South Gloucestershire BS15 9QB3
£230K02/210.18 mi113, Court Road, Kingswood, Bristol, South Gloucestershire BS15 9QN3
£274.5K04/210.19 mi1, Claypool Road, Bristol, South Gloucestershire BS15 9QJ3
£275K03/210.23 mi16, Footshill Road, Bristol, Avon BS15 8EP3
£330K12/220.23 mi40, Courtney Road, Kingswood, Bristol, South Gloucestershire BS15 9RH3
£228K02/210.24 mi30, Forest Road, Kingswood, Bristol, South Gloucestershire BS15 8EQ3
£249.9K09/210.24 mi9, Langford Way, Bristol, South Gloucestershire BS15 9PD3
£290K09/210.24 mi32, Counterpool Road, Bristol, South Gloucestershire BS15 8DQ3
£265K05/230.24 mi25, Counterpool Road, Bristol, South Gloucestershire BS15 8DQ3
£285K06/210.24 mi11, Counterpool Road, Bristol, South Gloucestershire BS15 8DQ3
£267K06/210.24 mi22, Counterpool Road, Bristol, South Gloucestershire BS15 8DQ3
£300K09/210.24 mi142, Forest Road, Kingswood, Bristol, South Gloucestershire BS15 8EN3
£291K09/210.25 mi5, Glanville Gardens, Bristol, South Gloucestershire BS15 9WS3
£340K06/210.26 mi17, Greenore, Bristol, South Gloucestershire BS15 8ER3
£295K11/200.26 mi5, Greenore, Bristol, South Gloucestershire BS15 8ER3
£290K02/230.26 mi22, Glanville Gardens, Bristol, South Gloucestershire BS15 9WS3
£290K02/230.28 mi68, Barter Close, Kingswood, Bristol, South Gloucestershire BS15 8JN3
£228K06/210.28 mi64, Barter Close, Kingswood, Bristol, South Gloucestershire BS15 8JN3
£257K11/200.29 mi119, Mount Hill Road, Hanham, Bristol, South Gloucestershire BS15 9SZ3
£386K07/230.29 mi36, Kemble Close, Bristol, South Gloucestershire BS15 9ZA3
£270K03/210.32 mi38, Orchard Road, Kingswood, Bristol, South Gloucestershire BS15 9TH3
£300K03/210.32 mi10, Orchard Road, Kingswood, Bristol, South Gloucestershire BS15 9TH3
£242.8K07/210.33 mi3, Derrick Road, Bristol, South Gloucestershire BS15 8DS3
£355K03/230.33 mi10, Edward Road, Kingswood, Bristol, South Gloucestershire BS15 9TG3
£275K01/210.34 mi38, Hanham Road, Bristol, South Gloucestershire BS15 8PP3
£380K09/210.35 mi3, Footshill Close, Bristol, South Gloucestershire BS15 8HG3
£375K05/230.35 mi193, Mount Hill Road, Hanham, Bristol, South Gloucestershire BS15 9SU3
£363K09/210.35 mi13, Footshill Drive, Bristol, South Gloucestershire BS15 8EY3
£321K03/210.35 mi15, Footshill Drive, Bristol, South Gloucestershire BS15 8EY3
£305.6K04/230.36 mi21, Blackhorse Road, Bristol, South Gloucestershire BS15 8EF3
£383K05/220.36 mi9, Footshill Close, Bristol, South Gloucestershire BS15 8HG3
£472.5K01/230.36 mi16, Woodside Road, Kingswood, Bristol, South Gloucestershire BS15 8BH3
£277.5K11/210.36 mi17, Cains Close, Bristol, South Gloucestershire BS15 9ZB3
£287K02/230.37 mi15, Laurel Street, Bristol, South Gloucestershire BS15 8NB3
£360K03/210.37 mi4, Kelston Grove, Hanham, Bristol, South Gloucestershire BS15 9NL3
£247K11/200.37 mi11, Britannia Road, Kingswood, Bristol, South Gloucestershire BS15 8BG3
£328K12/220.39 mi8, School Road, Kingswood, Bristol, South Gloucestershire BS15 8BJ3
£249K02/210.39 mi61, Woodyleaze Drive, Bristol, South Gloucestershire BS15 3BX3
£350K06/230.39 mi25, Woodyleaze Drive, Hanham, Bristol, South Gloucestershire BS15 3BX3
£250K11/200.39 mi34, School Road, Kingswood, Bristol, South Gloucestershire BS15 8BJ3
£360K07/230.41 mi26, Woodyleaze Drive, Hanham, Bristol, South Gloucestershire BS15 3BY3
£315K12/200.42 mi57, Lavers Close, Bristol, South Gloucestershire BS15 9ZF3
£485K06/210.42 mi52, Hollyguest Road, Hanham, Bristol, South Gloucestershire BS15 9NW3
£333K10/210.43 mi110, Courtney Road, Bristol, South Gloucestershire BS15 9RW3
£285K05/210.45 mi25, Wilshire Avenue, Bristol, South Gloucestershire BS15 3QT3
£338K02/230.45 mi84, Tabernacle Road, Hanham, Bristol, South Gloucestershire BS15 8DW3

Local Rents

23 rents from £1.2K/mo to £2.3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£2,20003/240.15 miMoravian Road, Kingswood, Bristol, BS153
£1,60001/240.19 mi-3
£1,50003/240.23 miFootshill Road, Kingswood BS153
£1,55012/240.23 mi-3
£1,40012/240.25 miGlanville Gardens, Kingswood, Bristol3
£2,19503/250.32 mi-3
£1,60003/240.35 miHalls Road, Kingswood3
£2,31004/240.36 miWoodside Road, Kingswood, Bristol, BS153
£1,40003/250.41 mi-3
£1,50003/240.42 miLavers Close, Kingswood, Bristol, BS153
£1,40002/240.47 mi-3
£1,60003/240.47 miKennard Road, Bristol, BS153
£1,50004/240.47 miKennard Road, Bristol, BS153
£1,60003/240.47 mi-3
£1,20004/240.48 miFairlyn Drive, Kingswood, Bristol3
£1,59503/240.48 miCourtney Road, Kingswood, Bristol3
£1,40004/240.48 miTudor Road, Hanham, Bristol, BS153
£1,50001/250.52 mi-3
£1,45002/250.52 mi-3
£1,65003/240.52 miLondon Street, Kingswood3
£1,70003/240.52 miHigh Street, Kingswood, Bristol3
£1,40004/240.57 miHigh Street, Hanham, Bristol3
£1,60005/240.62 miFurber Road, St George3

Local Area Statistics

Population in BS15

47,398

Population in Bristol

795,432

Town centre distance

3.69 miles away

Nearest school

0.10 miles away

Nearest train station

2.45 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+36%

Property History

Listed for £300,000

November 13, 2024

Floor Plans

Description

  • No Onward Chain +
  • 2 Receptions +
  • 3 Bedrooms +
  • Upstairs Bathroom +
  • Workshop / Extension / Outbuildings +
  • Double Glazing & GCH +
  • Garage & Off Street Parking +
  • EPC On Order +

Michael Nicholas are pleased to offer this 1960's end of terrace property to the sales market for the very first time, and will be sold with 'no onward chain'.

Set in a popular residential area, and offering transport links, local schools, and local shopping, the property comprises of porch, entrance hall, two receptions (one extended), and kitchen.

On the first floor you will find 3 bedrooms, and a family bathroom.

Further benefits include double glazing, gas central heating, work-shop, outbuildings, off street parking, garage and garden.

Now in need of some improvement, the property offers good opportunity for enlarging (subject to planning approval), and in our opinion will be attractive to first time buyers or families.

The vendor has informed us that this property is of freehold tenure. This information is yet to be confirmed. Purchasers should obtain confirmation of this from their solicitor prior to exchange of contracts.

From the A420 High Street in Kingswood, proceed towards Hanham on Hanham Road, where Hopps Road can be found on the left hand side.

Agent Details

Michael Nicholas, Downend

0117 463 0046

Next Steps?

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