Potential 4-Bed HMO, Bristol, BS34 7LD, £335,000

548 Filton Avenue, Horfield, Bristol, Gloucestershire BS7 0QG - 5 views - 3 months ago

Sold STC
HMO
Refurb/BRRR
ROI: 6%
72 m²
+7 photos

ValuationOvervalued

Sold Prices£222K - £425K
Sold Prices/m²£2.8K/m² - £5.9K/m²

 

 

Square Metres

72 m²
Price/m²£4.7K/m²

Value Estimate

£272,000

 

 

End Value (After Refurb)

£330,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£83,750

Stamp Duty & Legal Fees

£15,500

Refurb Costs

£29,419

Bridging Loan Interest

£8,794

Total Cash In

£139,213

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£330,000

Mortgage (After Refinance)

£247,500

Mortgage LTV

75%

Cash Left In

£139,213

Equity

£82,500

Room Rate

£689

Gross Rent

£2,756

Running Costs/mo

£2,101

Cashflow/mo

£655

Cashflow/yr

£7,864

ROI

6%

Gross Yield

10%

Local Sold Prices

50 sold prices from £222K to £425K, average is £325K. £2.8K/m² to £5.9K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£245K09/200.06 mi14, Wallscourt Road, Filton, Bristol, South Gloucestershire BS34 7NS3
£275K05/210.07 mi27, Wallscourt Road, Bristol, Avon BS34 7NR3
£315K01/230.07 mi55a, Wallscourt Road, Filton, Bristol, South Gloucestershire BS34 7NR3
£301K05/230.08 mi77, Mortimer Road, Filton, Bristol, South Gloucestershire BS34 7LG3
£415K09/230.11 mi70, Mortimer Road, Filton, Bristol, South Gloucestershire BS34 7LQ3
£378K02/230.14 mi666, Filton Avenue, Filton, Bristol, South Gloucestershire BS34 7JY3
£325K02/230.15 mi58, Nutfield Grove, Filton, Bristol, South Gloucestershire BS34 7LJ3
£275K03/210.16 mi33, Wallscourt Road South, Bristol, South Gloucestershire BS34 7NU3
£222K01/230.16 mi731, Filton Avenue, Filton, Bristol, South Gloucestershire BS34 7JZ3
£285K11/200.17 mi21, Kipling Road, Bristol, South Gloucestershire BS7 0QP3
£316.4K06/210.18 mi12, Fourth Avenue, Bristol, Avon BS7 0RW3
£425K07/210.2 mi23, Mackie Grove, Filton, Bristol, South Gloucestershire BS34 7NG3
£400K01/230.2 mi27, Mackie Grove, Filton, Bristol, South Gloucestershire BS34 7NG3
£350K05/230.21 mi7, Fourth Avenue, Bristol, South Gloucestershire BS7 0RN3
£322.5K04/230.22 mi8, Mackie Grove, Filton, Bristol, South Gloucestershire BS34 7NF3
£330K05/230.22 mi50, Mackie Grove, Filton, Bristol, South Gloucestershire BS34 7NF3
£307.5K11/200.23 mi99, Mackie Road, Filton, Bristol, South Gloucestershire BS34 7NB3
£325K01/210.23 mi98, Mackie Road, Filton, Bristol, South Gloucestershire BS34 7NB3
£277.5K03/210.23 mi30, Mackie Road, Bristol, South Gloucestershire BS34 7NA3
£295K02/230.24 mi36, Mackie Road, Filton, Bristol, South Gloucestershire BS34 7NA3
£326K03/230.24 mi40, Mackie Road, Filton, Bristol, South Gloucestershire BS34 7NA3
£310K03/210.26 mi61, Mackie Road, Filton, Bristol, South Gloucestershire BS34 7LZ3
£375K12/200.27 mi2, Shields Avenue, Bristol, South Gloucestershire BS7 0RR3
£327K05/230.27 mi15, Third Avenue, Bristol, South Gloucestershire BS7 0RS3
£407.5K11/220.29 mi18, Mackie Road, Filton, Bristol, South Gloucestershire BS34 7LY3
£305K05/230.29 mi14, Mackie Road, Filton, Bristol, South Gloucestershire BS34 7LY3
£307.5K02/210.3 mi82, Northville Road, Bristol, South Gloucestershire BS7 0RL3
£356K08/230.3 mi104, Northville Road, Bristol, South Gloucestershire BS7 0RL3
£332K08/210.3 mi95, Northville Road, Bristol, South Gloucestershire BS7 0RJ3
£312K07/230.3 mi85, Northville Road, Bristol, South Gloucestershire BS7 0RJ3
£325K02/230.3 mi102, Station Road, Filton, Bristol, South Gloucestershire BS34 7JJ3
£275.5K04/230.3 mi46, Eighth Avenue, Bristol, South Gloucestershire BS7 0QT3
£265K08/210.3 mi30, Eighth Avenue, Bristol, South Gloucestershire BS7 0QT3
£420K04/230.34 mi24, Fifth Avenue, Bristol, South Gloucestershire BS7 0LP3
£300K03/210.35 mi10, Sixth Avenue, Bristol, South Gloucestershire BS7 0LT3
£361K06/210.37 mi27, Elm Park, Filton, Bristol, South Gloucestershire BS34 7PR3
£325K04/230.38 mi33, Gayner Road, Bristol, South Gloucestershire BS7 0SP3
£335K12/220.39 mi125, Eden Grove, Bristol, City Of Bristol BS7 0PW3
£375K06/210.39 mi23, Wades Road, Bristol, South Gloucestershire BS34 7EA3
£405.5K01/210.39 mi17, Station Road, Filton, Bristol, South Gloucestershire BS34 7BZ3
£411K08/230.4 mi23, Wades Road, Filton, Bristol, South Gloucestershire BS34 7EA3
£263K03/210.4 mi15, Wades Road, Filton, Bristol, South Gloucestershire BS34 7EA3
£375K12/220.4 mi83, Eden Grove, Bristol, City Of Bristol BS7 0PJ3
£315K01/230.4 mi44, Elm Park, Filton, Bristol, South Gloucestershire BS34 7PP3
£289.8K09/210.42 mi12, Shanklin Drive, Bristol, South Gloucestershire BS34 7EL3
£405.5K10/200.42 mi2, Wades Road, Filton, Bristol, South Gloucestershire BS34 7EE3
£365K02/230.43 mi11, Pine Grove, Bristol, South Gloucestershire BS7 0SL3
£300K04/230.44 mi17, Warren Road, Filton, Bristol, South Gloucestershire BS34 7EN3
£320K06/210.45 mi60, Branksome Drive, Filton, Bristol, South Gloucestershire BS34 7EF3
£345K06/210.45 mi240, Wordsworth Road, Horfield, Bristol, City Of Bristol BS7 0ED3

Local Area Statistics

Population in BS34

29,893

Population in Bristol

795,432

Town centre distance

2.53 miles away

Nearest school

0.20 miles away

Nearest train station

0.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-6%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Listed for £335,000

December 3, 2024

Floor Plans

Description

  • No Onward Chain +
  • Perfect for updating and adding value +
  • Popular Location +
  • Private Rear Garden +

Franklin Cole Properties is pleased to present this charming extended 1930s home, now available for sale with no onward chain. Offering versatile appeal and in need of renovation, this property is ideal for families or investors seeking a rental opportunity. Recently utilised as an HMO (House in Multiple Occupation), it offers excellent investment potential. With its spacious rooms this home is perfect for an imaginative buyer looking to add value through a thoughtful renovation project-whether to live in and enjoy or to offer on the rental market.

Key Features:
1930s Well-proportioned rooms, and large windows create a bright, airy atmosphere throughout.
Versatile Layout: Suitable for both family living or as a rental investment.
Spacious Rooms: Great potential for personalisation and refurbishment.
Ground Floor:
Upon entering through the porch, you are welcomed into a spacious hallway with understairs storage.

Front Reception Room: Currently configured as a double bedroom with a large upvc double bay window typical of 1930's homes
Rear Living Room: compact and cosy featuring a large window that looks into the kitchen.
Open-Plan Kitchen/Dining Area:
Fully fitted kitchen (in need of updating).Maple wood effect wall and base units with black roll edge countertops, mixer tap sink and drainer.
Double oven, separate hob, and space for a washing machine and fridge freezer.
Tiled flooring and splashbacks.
Door and window opening onto the enclosed rear garden, which combines paved and grassed areas.
Large additional space to the rear that has potential for a double garage or hardstanding for parking several vehicles, accessed via a residents only private rear lane
First Floor:
Master Bedroom: Spacious double bedroom a large upvc window overlooking the front garden
Second Bedroom: Additional double bedroom housing the boiler large upvc window.
Third Bedroom: Single room with versatile potential upvc window overlooking the back garden
Bathroom: Includes a toilet, sink, and shower over the bath; offers excellent scope for modernisation with a upvc window overlooking the rear garden
Landing: Provides access to the loft space, ideal for storage or future development.
Location:
Situated in a prime location close to:

Several schools, including Filton Abbey wood and Shield Road Primary School
University of the West of England (UWE)
Abbey wood Retail Park
Major supermarkets, with a convenient walk to nearby bus stops
Bristol Parkway Station, along with a variety of restaurants and coffee shops
Commuter Access:
Approximately 3 miles (4.8 kilometres) from the M32 motorway
Around a 10-minute drive to Bristol city centre, with quick access to the M4 motorway
This property presents a fantastic opportunity to create a wonderful family home or secure a solid rental investment. Book your viewing today!

Council Tax Band: B
Tenure: Freehold

Agent Details

Franklin Cole Properties, Bristol

0117 463 5071

Next Steps?

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