3 Bed Terraced House, Refurb/BRRR, Bristol, BS16 5RR, £340,000

Hill House Road, Downend, BS16 5RR - 2 views - 2 months ago

Refurb/BRRR
ROI: 4%
~93 m²
+6 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£85,000

Stamp Duty & Legal Fees

£15,900

Refurb Costs

£37,686

Bridging Loan Interest

£8,925

Total Cash In

£149,261

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£316,596

Mortgage (After Refinance)

£237,447

Mortgage LTV

75%

Cash Left In

£149,261

Equity

£79,149

Rent Range

£1,350 - £3,260

Rent Estimate

£1,819

Running Costs/mo

£1,373

Cashflow/mo

£446

Cashflow/yr

£5,350

ROI

4%

Gross Yield

6%













Local Rents

11 rents from £1.4K/mo to £3.3K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,70012/240.19 miNorth View- Staple Hill3
£1,35003/240.23 miThe Croft, Downend, Bristol, BS16 5PU3
£1,60003/240.28 miStreamside- Mangotsfield3
£1,75012/240.3 miDownend Road, Downend3
£1,95012/230.36 mi-3
£3,26002/240.54 mi-3
£1,40003/240.58 miSeymour Road, Staple Hill3
£1,80011/240.58 mi-3
£1,60004/240.6 miSutherland Avenue, Downend3
£1,77502/240.62 mi-3
£1,82503/250.62 mi-3

Local Area Statistics

Population in BS16

75,691

Population in Bristol

795,432

Town centre distance

4.14 miles away

Nearest school

0.30 miles away

Nearest train station

2.69 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Listed for £340,000

January 16, 2025

Floor Plans

Description

  • Terraced home +
  • In need of modernisation +
  • Overlooking park +
  • Amenities close by +
  • Good sized garden +
  • 3 bedrooms +
  • On street parking +
  • No onward chain +

Set in a lovely position overlooking a small Christadelphian Church and Hill House Park is this super three bedroom middle terrace home. In need of modernisation, but certainly liveable and what a place to bring up a small, young family with the park opposite and amenities a plenty, with doctors surgery on the same road and Downend High Street walking distance away. All in all, the potential here is superb and priced to attract those that can and will put their own stamp on it. Offered with no onward chain, is this the one for you?

Agent Details

Lifestyle Property Services, Bradley Stoke

01454 802051

Next Steps?

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