4 Bed Detached House, Refurb/BRRR, Bristol, BS40 8QE, £650,000

Winford Road, Chew Magna, BS40 8QE - 4 months ago

Sold STC
Refurb/BRRR
Planning
~128 m²
+12 photos

ValuationOvervalued

Sold Prices£440K - £1.5M
Sold Prices/m²£3.4K/m² - £7.4K/m²

 

 

Square Metres

~127.70 m²
Price/m²£5.1K/m²

Value Estimate

£461,566

 

 

End Value (After Refurb)

£595,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£56,200

Refurb Costs

£51,703

Bridging Loan Interest

£17,063

Total Cash In

£289,215

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£595,000

Mortgage (After Refinance)

£446,250

Mortgage LTV

75%

Cash Left In

£289,215

Equity

£148,750

Rent Range

£563 - £7,800

Rent Estimate

£1,845

Running Costs/mo

£2,248

Cashflow/mo

£-403

Cashflow/yr

£-4,840

Gross Yield

3%

Local Sold Prices

26 sold prices from £440K to £1.5M, average is £735K. £3.4K/m² to £7.4K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£911K11/220.05 miPenn Tyning, Chilly Hill Lane, Chew Magna, Bristol, Bath And North East Somerset BS40 8QU4
£1.5M10/220.43 miChew Hill House, Chew Hill, Chew Magna, Bristol, Bath And North East Somerset BS40 8SA4
£810K10/220.51 mi9, Silver Street, Chew Magna, Bristol, Bath And North East Somerset BS40 8RE4
£900K03/220.57 miArchways, Tunbridge Road, Chew Magna, Bristol, Bath And North East Somerset BS40 8SX4
£910K09/210.6 miBridge House, Butham Lane, Chew Magna, Bristol, Bath And North East Somerset BS40 8RQ4
£1.2M04/230.7 miNorton House, Norton Lane, Chew Magna, Bristol, Bath And North East Somerset BS40 8RR4
£515K05/210.83 mi35, Dairy Way, Chew Stoke, Bristol, Bath And North East Somerset BS40 8UP4
£590K01/210.83 mi21, Dairy Way, Chew Stoke, Bristol, Bath And North East Somerset BS40 8UP4
£735K08/230.88 miSpringfield, Bristol Road, Chew Stoke, Bristol, Bath And North East Somerset BS40 8UB4
£585K01/210.88 miRosedale, Bristol Road, Chew Stoke, Bristol, Bath And North East Somerset BS40 8UB4
£560K04/230.88 miThe Briary, Bristol Road, Chew Stoke, Bristol, Bath And North East Somerset BS40 8UB4
£1.0M05/230.88 miTresowes, Blind Lane, Chew Stoke, Bristol, Bath And North East Somerset BS40 8UA4
£735K05/210.91 miStonedge House, Scot Lane, Chew Stoke, Bristol, Bath And North East Somerset BS40 8UW4
£550K05/230.97 mi5, Bushythorn Road, Chew Stoke, Bristol, Bath And North East Somerset BS40 8XP4
£525K03/210.97 mi6, Bushythorn Road, Chew Stoke, Bristol, Bath And North East Somerset BS40 8XP4
£650K05/231.04 mi5, Quarry Hay, Chew Stoke, Bristol, Bath And North East Somerset BS40 8XT4
£1.1M05/231.1 miBeaumont, Pilgrims Way, Chew Stoke, Bristol, Bath And North East Somerset BS40 8XB4
£612.3K03/211.22 mi1, Home Orchard, Chew Stoke, Bristol, Avon BS40 8UZ4
£875K06/211.35 miWillow Lodge, Breach Hill Lane, Chew Stoke, Bristol, Bath And North East Somerset BS40 8YA4
£850K06/211.35 miArundel, Breach Hill Lane, Chew Stoke, Bristol, Bath And North East Somerset BS40 8YA4
£1.2M04/231.44 miFern Cottage, Knowle Hill, Chew Magna, Bristol, Bath And North East Somerset BS40 8TE4
£842.5K05/211.62 miLake View, Stoke Hill, Chew Stoke, Bristol, Bath And North East Somerset BS40 8XJ4
£625K03/211.95 mi9, Regil Lane, Winford, Bristol, North Somerset BS40 8AX4
£600K09/211.95 miElfreda Farm, Bromley Road, Stanton Drew, Bristol, Bath And North East Somerset BS39 4DJ4
£485K02/211.99 mi11, Lye Mead, Winford, Bristol, North Somerset BS40 8AU4
£440K03/211.99 mi19, Lye Mead, Winford, Bristol, North Somerset BS40 8AU4

Local Rents

16 rents from £563/mo to £7.8K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£2,00006/240.27 mi-2
£1,60011/240.35 mi-2
£7,80003/240.38 mi-5
£95012/240.46 mia South Parade, Chew Magna, Bristol2
£1,60004/240.66 miNorth Chew Terrace, Chew Magna2
£1,30008/240.68 mi-2
£56303/240.83 miChew Road, Winford, Bristol, Bath And North East Somerset, BS401
£1,25003/241 miChew Stoke, Bristol2
£85003/241.43 miChew Magna, Near Bristol1
£1,80004/242.14 miParsonage Lane, Winford, Bristol4
£1,35003/242.23 miWinford Lane, Dundry2
£1,50012/242.34 miLovell Drive, Bishop Sutton3
£1,95012/242.36 mi-5
£1,95007/242.36 mi-5
£1,20003/242.47 miBPC00480, St Bernards Mount, Dundry1
£1,85006/242.47 mi-3

Local Area Statistics

Population in BS40

12,548

Population in Bristol

795,432

Town centre distance

7.40 miles away

Nearest school

0.50 miles away

Nearest train station

4.72 miles away

 

 

Rental growth (12m)

-38%

Sales demand

Buyer's market

Capital growth (5yrs)

+20%

Property History

Listed for £650,000

December 2, 2024

Floor Plans

Description

  • Detached Single Storey Property +
  • Large Living Room with Patio Doors +
  • Spacious Kitchen with Views +
  • Three Double Bedrooms and a Single +
  • Bathroom plus separate Loo +
  • Good Size Garden +
  • Single Garage and Parking +
  • In Need of Renovation +
  • Central Village Location +
  • No Forward Chain +

PROPERTY DESCRIPTION Location, Location, Location and Huge Potential!
This spacious four bedroomed bungalow is set on a large level plot in a fantastic sought-after location towards the edge of the village and away from the road. It is close to Chew Magna high street and all the amenities this premier village affords. This property requires modernisation and updating and could be extended (subject to planning permission).
Approached via a driveway and entering into the large L-shaped hallway where all rooms flow well in a pleasing and practical layout. To the left side of the property are three double bedrooms and a fourth single bedroom, together with a shower room and loo.
Leading to the right-hand side of the property is a very spacious kitchen dining room - with access to the rear garden and a large picture window. There is a good range of fitted cabinets together with appliances.
To the end of the hallway at the far right side of the bungalow is the large sitting room together with a fireplace and French doors to the garden.
Outside to the rear of the house is a large terrace set right across the back of the property with access to the large level wrap-around garden with beautiful and far-reaching views over the surrounding countryside. The gardens are mostly laid to lawn with some planting together with shrubs and mature trees. To the front of the property is a driveway with parking for several cars together with a garage - the front gardens are again planted with shrubs and mature trees and surrounded by a natural hedge.
 

ABOUT THE VILLAGE Chew Magna is a sought-after village within the heart of the Chew Valley, benefiting from being walking distance to the beautiful Chew Valley Lake, with its first-class fishing and sailing facilities. It is recognised as being the most desirable village in which to live, with a plethora of excellent pubs and restaurants including The Lazy Lobster, a fantastic seafood and wine bar and JARS, a sustainable delicatessen and barista bar.
The village has a Co-op Supermarket, café, Post Office, florist and an independent gift shop. The excellent Pearce's butchers on the High Street is very popular with Valley locals.
This energetic village has village Cricket, Rugby and Football club, and appeals to a diverse range of buyers seeking to enjoy the many attributes that the village has to offer.
The forward-thinking curriculum of Chew Magna Primary School makes it popular with local families. Chew Valley Comprehensive School is well regarded with an excellent sixth form.
The village is perfectly placed for commuting to both Bristol and Bath and there is a regular bus service to Bristol from the village. Railway stations at Bristol Temple Meads and Bath Spa provide access to London and the national rail network. Access to both the M4 and M5 is within a reasonable distance. Bristol International Airport has flights to Europe and connecting flights to the rest of the World.
 

ROOM DIMENSIONS HALLWAY 28'10" x 22'3"
LIVING ROOM 19'3" x 11'9"
KITCHEN 19'10" x 10'8"
WC 5'1" x 3'8"
BEDROOM 15'3" x 9'8"
BEDROOM 12'0" x 9'9"
BEDROOM 12'0" x 9'9"
BEDROOM 8'9" x 8'2"
BATHROOM 7'3" x 3'9"
Outside
GARAGE 13'1" x 11'5"

Agent Details

Joanna Tiley Estate Agents, Chew Stoke

01270 433402

Next Steps?

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