3 Bed Detached House, Refurb/BRRR, Bristol, BS20 6SS, £435,000

Oak Drive, Portishead, Portishead, BS20 6SS - 4 months ago

Sold STC
Refurb/BRRR
~93 m²
+10 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£108,750

Stamp Duty & Legal Fees

£23,500

Refurb Costs

£38,000

Bridging Loan Interest

£11,419

Total Cash In

£183,419

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£412,500

Mortgage (After Refinance)

£309,375

Mortgage LTV

75%

Cash Left In

£183,419

Equity

£103,125

Rent Range

£1,200 - £2,395

Rent Estimate

£1,504

Running Costs/mo

£1,610

Cashflow/mo

£-106

Cashflow/yr

£-1,272

Gross Yield

4%













Local Rents

10 rents from £1.2K/mo to £2.4K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,60012/240.27 mi-3
£1,35007/240.28 mi-3
£2,39512/240.28 mi-3
£1,40003/250.29 mi-3
£1,25012/240.3 miPolden Road, Portishead, Bristol3
£1,20012/240.44 miRoath Road, Portishead, Bristol, BS203
£1,65003/250.53 mi-3
£1,42503/240.56 miMerlin Park, Portishead3
£1,69512/240.56 miCombe Avenue, Portishead3
£1,85011/240.62 mi-3

Local Area Statistics

Population in BS20

30,042

Population in Bristol

795,432

Town centre distance

8.18 miles away

Nearest school

0.30 miles away

Nearest train station

3.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Listed for £435,000

November 15, 2024

Floor Plans

Description

  • Linked Detached Home +
  • Stunning Views +
  • Three Bedrooms +
  • Two Reception Rooms +
  • Kitchen & Utility Room +
  • Cloakroom +
  • Principle Room with En Suite Shower +
  • Balcony Enjoying Countryside Views +
  • Parking and Single Garage +
  • Freehold & Council Tax Band: E +

Nestled in a peaceful cul-de-sac, this three bedroom detached property offers a fantastic opportunity for those looking to create their ideal home. With picturesque views stretching across the Gordano valley, the house boasts a unique setting that brings both tranquillity and beauty right to your doorstep. Inside, the home is in need of some modernisation but offers generous space and potential. The layout includes a entrance hall with fitted cupboards and a cloakroom with wc and wash hand basin, through an internal door where you will find the stairs rising to the first floor and a bright living / dining room with sliding patio doors that looks out onto the pretty rear garden and captures the valley views. A second reception room and a separate kitchen, which can be reimagined to suite contemporary modern day living, is currently fitted with wooden base, drawer and wall units with solid wood worktop over, looking out to the rear. The separate utility room is fitted with a stainless steel sink and a door provides integral access to the garage.  Upstairs, the family bathroom comprises bath with shower over, pedestal wash hand basin and WC with obscured glazed window to the side, the three well-sized bedrooms provide ample room for family life, with plenty of natural light throughout, the principle room can be found to the front aspect with fitted wardrobes and a modern en suite shower room with walk in shower, basin with vanity under and wc with obscured glazed window. The second bedroom is located to the rear with stunning views across the valley, double patio doors lead you to the balcony which has been recently renewed and awaits the balustrade to be chosen by the next owners, bedroom three is also enjoys the vistas to the rear and houses the airing cupboard with combi gas boiler. Externally, the rear garden is largely laid to lawn with a patio area and enjoys a southerly orientation, privacy and a rural and inviting outlook across the valley, perfect for relaxation or entertaining while enjoying the surrounding landscape. To the front, the driveway offers parking for at least two cars and leads to the single garage.  For buyers looking to invest in a property with character and untapped potential, this home is an excellent choice. Enjoy the peaceful setting, the scenic views, and the chance to craft your dream home in a sought-after, family-friendly location.

Agent Details

Challenger Burgess Estate Agents LTD, Portishead

01270 918031

Next Steps?

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