4 Bed Detached House, Refurb/BRRR, Bristol, BS20 7HR, £685,000

Beach Road West, Portishead, BS20 7HR - 4 months ago

Refurb/BRRR
~129 m²
+25 photos

ValuationOvervalued

Sold Prices£343K - £1.2M
Sold Prices/m²£2.9K/m² - £11.5K/m²

 

 

Square Metres

~129.26 m²
Price/m²£5.3K/m²

Value Estimate

£447,985

 

 

End Value (After Refurb)

£521,605

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£171,250

Stamp Duty & Legal Fees

£43,500

Refurb Costs

£52,815

Bridging Loan Interest

£17,981

Total Cash In

£287,296

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£521,605

Mortgage (After Refinance)

£391,204

Mortgage LTV

75%

Cash Left In

£287,296

Equity

£130,401

Rent Range

£1,200 - £3,200

Rent Estimate

£1,809

Running Costs/mo

£2,012

Cashflow/mo

£-203

Cashflow/yr

£-2,434

Gross Yield

3%

Local Sold Prices

50 sold prices from £343K to £1.2M, average is £470K. £2.9K/m² to £11.5K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£750K09/230.1 mi3a, Woodhill Road, Portishead, Bristol, North Somerset BS20 7EU4
£750K03/210.11 mi24, Nore Road, Portishead, Bristol, North Somerset BS20 7HN4
£740K03/230.13 mi7, Gardner Road, Portishead, Bristol, North Somerset BS20 7ER4
£420K03/210.21 mi20, Beach Road East, Portishead, Bristol, North Somerset BS20 7DL4
£825K06/230.23 mi5, Fircliff Park, Portishead, Bristol, North Somerset BS20 7HQ4
£590K12/200.23 mi9, Fircliff Park, Portishead, Bristol, North Somerset BS20 7HQ4
£1.2M04/230.23 miTytherleigh, Battery Lane, Portishead, Bristol, North Somerset BS20 7JD4
£750K11/200.24 miBeech-side, Battery Lane, Portishead, Bristol, North Somerset BS20 7JD4
£1.1M05/230.26 miDenny Lodge, Lake Road, Portishead, Bristol, North Somerset BS20 7JA4
£415K01/210.31 mi31, Avon Way, Portishead, Bristol, North Somerset BS20 6JW4
£480K02/210.36 mi3, Leigh View Road, Portishead, Bristol, North Somerset BS20 7ED4
£545K05/230.36 mi18, Victoria Square, Portishead, Bristol, North Somerset BS20 6AQ4
£419.9K06/210.4 mi35, Sally Hill, Portishead, Bristol, North Somerset BS20 7BH4
£365K02/210.4 mi13, The Anchorage, Portishead, Bristol, North Somerset BS20 7FN4
£450K01/210.42 mi31, Watch House Place, Portishead, Bristol, North Somerset BS20 7AU4
£660K02/210.42 mi108, Slade Road, Portishead, Bristol, North Somerset BS20 6BB4
£603.5K03/210.42 mi98, Slade Road, Portishead, Bristol, North Somerset BS20 6BB4
£615K02/210.43 mi17, Albert Road, Portishead, Bristol, North Somerset BS20 6PP4
£385K09/230.44 mi24, Severn Road, Portishead, Bristol, North Somerset BS20 6NG4
£343K08/230.44 mi26, Severn Road, Portishead, Bristol, North Somerset BS20 6NG4
£450K01/210.45 mi123, Burlington Road, Portishead, Bristol, North Somerset BS20 7BQ4
£600K08/230.45 mi87, Burlington Road, Portishead, Bristol, North Somerset BS20 7BQ4
£372K11/200.46 mi33, Newfoundland Way, Portishead, Bristol, North Somerset BS20 7FP4
£405K03/210.49 mi54, Burlington Road, Portishead, Bristol, North Somerset BS20 7BW4
£429.9K05/210.49 mi6, Pier Close, Portishead, Bristol, North Somerset BS20 7BU4
£415K02/210.49 mi4, Pier Close, Portishead, Bristol, North Somerset BS20 7BU4
£475K01/210.5 mi6, Woodacre, Portishead, Bristol, North Somerset BS20 7BT4
£394K03/210.5 mi15, Woodacre, Portishead, Bristol, North Somerset BS20 7BS4
£394K03/210.5 mi15, Woodacre, Portishead, Bristol, North Somerset BS20 7BS4
£375K11/200.5 mi11, Woodacre, Portishead, Bristol, North Somerset BS20 7BS4
£526K04/230.53 mi25, Halletts Way, Portishead, Bristol, North Somerset BS20 6BT4
£535K02/230.53 mi26, Halletts Way, Portishead, Bristol, North Somerset BS20 6BT4
£435K12/220.53 mi29, Rippleside, Portishead, Bristol, North Somerset BS20 6ND4
£495K02/210.57 mi80, Woodacre, Portishead, Bristol, North Somerset BS20 7EH4
£405K03/210.58 mi2, Navigators Court, Portishead, Bristol, North Somerset BS20 7PW4
£568K07/230.59 mi13, Raleigh Rise, Portishead, Bristol, North Somerset BS20 6LA4
£620K02/210.59 mi2, Raleigh Rise, Portishead, Bristol, North Somerset BS20 6LA4
£780K02/230.61 mi38, Pier Road, Portishead, Bristol, North Somerset BS20 7EA4
£780K09/230.61 mi40, Pier Road, Portishead, Bristol, North Somerset BS20 7EA4
£750K03/230.61 mi26, Pier Road, Portishead, Bristol, North Somerset BS20 7EA4
£425K09/230.61 mi30, Quantock Road, Portishead, Bristol, North Somerset BS20 6DP4
£445K07/210.62 mi11, Tudor Road, Portishead, Bristol, North Somerset BS20 6UR4
£523K06/210.63 mi13, St Marys Park Road, Portishead, Bristol, North Somerset BS20 6SN4
£430K07/230.63 mi19, St Marys Park Road, Portishead, Bristol, North Somerset BS20 6SN4
£410K09/230.64 mi5, Quantock Road, Portishead, Bristol, North Somerset BS20 6DR4
£465K12/210.66 mi2, Malin Parade, Portishead, Bristol, North Somerset BS20 7FW4
£399.9K09/210.66 mi227, Phoenix Way, Portishead, Bristol, North Somerset BS20 7PB4
£475K12/200.66 mi235, Phoenix Way, Portishead, Bristol, North Somerset BS20 7PB4
£375K06/210.66 mi40, Pennant Place, Portishead, Bristol, North Somerset BS20 7AA4
£400K05/230.66 mi37, Pennant Place, Portishead, Bristol, North Somerset BS20 7AA4

Local Rents

14 rents from £1.2K/mo to £3.2K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,69512/240.19 miCombe Avenue, Portishead3
£1,89512/240.29 miSouth Road - Portishead5
£1,50003/240.37 miEastwood Place, Portishead, BS203
£1,20012/240.42 miRoath Road, Portishead, Bristol, BS203
£1,40003/250.43 mi-3
£1,60003/240.44 miSevern Road - Portishead4
£1,85011/240.45 mi-3
£1,90012/240.45 miBurlington Road, Portishead, North Somerset, BS204
£1,65004/240.46 miNewfoundland Way, Portishead, Bristol, Somerset, BS203
£1,35007/240.47 mi-3
£2,39512/240.47 mi-3
£1,85003/240.48 mi-3
£1,60012/240.49 mi-3
£3,20003/240.61 miNewfoundland Way, Portishead, Bristol, Somerset, BS205

Local Area Statistics

Population in BS20

30,042

Population in Bristol

795,432

Town centre distance

7.84 miles away

Nearest school

0.30 miles away

Nearest train station

3.18 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Listed for £685,000

November 25, 2024

Floor Plans

Description

  • Beach Road West +
  • Portishead +
  • 4 Bedroom Detached home +
  • Opposite the stunning Lake Grounds +
  • In need of some updating +
  • 2 Bathrooms +
  • Downstairs w/c +
  • Garage & Parking +
  • Rear garden +
  • No chain +

Situated on one of Portishead most sort after locations on Beach Road West showcasing wonderful views. This 4 bedroom detached home is situated directly opposite the Ornamental Gardens that lead to the beautiful Lake Grounds and picturesque Estuary beyond.

Overview

The property is in need of some updating, however offers plenty of potential for families and couples and sold with no onward chain.

Ground floor hosts entrance porch, hallway with access to stairs and downstairs w/c. There is an open plan living room with bay window and storage cupboard under the stairs, with double doors opening on the kitchen/diner. The kitchen is fitted with integrated double oven, gas hob with space for appliances and the dining area has access out to the garden. There is a separate utility room with internal door leading to the garage.

Upstairs are 4 bedrooms, the master with en-suite shower room, the 2nd bedroom has a door opening onto a decked balcony where it showcases beautiful views. There is also a further 3 piece shower room located off the landing.

Outside

There is a side and rear garden which offers side access. To the front is an off street parking space and garage which has power and internal access to the house. There is also a balcony off one bedrooms, showcasing the wonderful views.

Location

Situated by the popular Lake Grounds, where you can enjoy lovely walks around the Cricket Ground, Portishead open air pool and still within a short walk to the High Street and Marina, where you can find a variety of shops, cafe's and restaurants.

We think...

If location is high on the wish list and a home you can put your on mark on, then this offers plenty of potential to make a stunning family home.

Material information (provided by owner)

Freehold. Council Tax Band D.

Agent Details

Ocean, Portishead

01275 402899

Next Steps?

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