3 Bed Semi-Detached House, Refurb/BRRR, Bristol, BS3 2AS, £425,000

Drake Road, Ashton, Bristol, BS3 2AS - 2 months ago

Refurb/BRRR
ROI: 1%
~93 m²
+9 photos

ValuationFair Value

Sold Prices£375K - £732K
Sold Prices/m²£3.6K/m² - £6.5K/m²

 

 

Square Metres

~93 m²
Price/m²£4.6K/m²

Value Estimate

£429,479

 

 

End Value (After Refurb)

£430,125

Uplift in Value

+1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£31,200

Refurb Costs

£38,000

Bridging Loan Interest

£11,156

Total Cash In

£188,356

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£430,125

Mortgage (After Refinance)

£322,594

Mortgage LTV

75%

Cash Released

£3,844

Cash Left In

£184,513

Equity

£107,531

Rent Range

£1,450 - £2,695

Rent Estimate

£1,927

Running Costs/mo

£1,750

Cashflow/mo

£177

Cashflow/yr

£2,130

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £375K to £732K, average is £465.5K. £3.6K/m² to £6.5K/m², average is £4.6K/m².

PriceDateDistanceAddressBeds 
£400K03/210.04 mi169, Raleigh Road, Bristol, City Of Bristol BS3 2AR3
£468K03/210.05 mi6, Dampier Road, Bristol, City Of Bristol BS3 2AT3
£417K11/200.05 mi15, Drake Road, Bristol, City Of Bristol BS3 2AS3
£436K03/210.05 mi7, Drake Road, Bristol, City Of Bristol BS3 2AS3
£400K03/210.07 mi30, Carrington Road, Bristol, City Of Bristol BS3 2AQ3
£576.9K02/230.07 mi10, Carrington Road, Bristol, City Of Bristol BS3 2AQ3
£455K06/210.08 mi139, Raleigh Road, Bristol, City Of Bristol BS3 2AA3
£420K03/230.08 mi47, Friezewood Road, Bristol, City Of Bristol BS3 2AD3
£420.1K02/230.1 mi4, Durnford Street, Bristol, City Of Bristol BS3 2AW3
£390.5K01/210.12 mi47, Smyth Road, Bristol, City Of Bristol BS3 2BU3
£390.2K12/200.12 mi43, Smyth Road, Bristol, City Of Bristol BS3 2BU3
£530K01/230.12 mi33, Smyth Road, Bristol, City Of Bristol BS3 2BU3
£425K03/210.14 mi8, Smyth Road, Bristol, City Of Bristol BS3 2BX3
£431K01/210.14 mi10, Raynes Road, Bristol, City Of Bristol BS3 2DL3
£442.5K04/230.14 mi2, Raynes Road, Bristol, City Of Bristol BS3 2DL3
£575K03/230.14 mi16, Banwell Road, Bristol, City Of Bristol BS3 2DW3
£490K10/200.14 mi25, Banwell Road, Bristol, City Of Bristol BS3 2DW3
£407K10/200.15 mi21, Smyth Road, Bristol, City Of Bristol BS3 2BX3
£620K11/220.15 mi20, Raynes Road, Bristol, City Of Bristol BS3 2DL3
£535K11/220.15 mi27, Raynes Road, Bristol, City Of Bristol BS3 2DJ3
£556K06/230.16 mi31, Foxcote Road, Bristol, City Of Bristol BS3 2DA3
£435K06/230.16 mi41, Duckmoor Road, Bristol, City Of Bristol BS3 2DQ3
£447K10/210.17 mi55, Smyth Road, Bristol, City Of Bristol BS3 2DS3
£580K02/210.17 mi63, Smyth Road, Bristol, City Of Bristol BS3 2DS3
£532.5K10/220.2 mi8, Gerald Road, Bristol, City Of Bristol BS3 2DN3
£550K10/220.2 mi19, Gerald Road, Bristol, City Of Bristol BS3 2DN3
£445K12/200.2 mi27, Gerald Road, Bristol, City Of Bristol BS3 2DN3
£375K02/210.2 mi3, Ashfield Road, Bristol, City Of Bristol BS3 3ER3
£512.5K08/230.2 mi47, Lime Road, Southville, Bristol, City Of Bristol BS3 1LS3
£510K11/200.21 mi44, Lime Road, Southville, Bristol, City Of Bristol BS3 1LT3
£585K07/230.21 mi1, Gathorne Road, Bristol, City Of Bristol BS3 1LR3
£575K04/230.21 mi131, Chessel Street, Bedminster, Bristol, City Of Bristol BS3 3DG3
£500K08/230.21 mi24, Ashton Gate Road, Bristol, City Of Bristol BS3 1SZ3
£590K06/230.21 mi40, Ashton Gate Road, Bristol, City Of Bristol BS3 1SZ3
£547.4K02/230.21 mi38, Ashton Gate Road, Bristol, City Of Bristol BS3 1SZ3
£415K05/210.21 mi44, Ashton Gate Road, Bristol, City Of Bristol BS3 1SZ3
£490K02/230.22 mi5, Ashfield Road, Bristol, City Of Bristol BS3 3ER3
£463K05/210.22 mi64, Exeter Road, Southville, Bristol, City Of Bristol BS3 1LZ3
£455K12/200.22 mi18, Exeter Road, Southville, Bristol, City Of Bristol BS3 1LZ3
£450K09/210.22 mi27, Exeter Road, Southville, Bristol, City Of Bristol BS3 1LY3
£425K11/210.23 mi50, Aubrey Road, Bristol, City Of Bristol BS3 3EX3
£475K07/230.23 mi50, Aubrey Road, Bristol, City Of Bristol BS3 3EX3
£732K09/210.24 mi26, Frayne Road, Bristol, City Of Bristol BS3 1RU3
£595K03/230.24 mi28, Clift Road, Bristol, City Of Bristol BS3 1RZ3
£430K04/210.25 mi4, Gore Road, Bristol, City Of Bristol BS3 2LX3
£495K03/210.25 mi128, Chessel Street, Bristol, City Of Bristol BS3 3DQ3
£475K04/220.26 mi1, Upper Sydney Street, Bristol, City Of Bristol BS3 1HZ3
£550K06/210.27 mi24, Upton Road, Bristol, City Of Bristol BS3 1LP3
£450K08/220.28 mi4, Lower Sidney Street, Bristol, City Of Bristol BS3 1SW3
£437K02/210.28 mi50, Upton Road, Bristol, City Of Bristol BS3 1LX3

Local Rents

46 rents from £1.4K/mo to £2.7K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,69503/250.09 mi-3
£2,00004/240.1 mi-3
£2,00004/240.1 miFriezewood Road, Bristol, BS33
£1,80003/250.11 mi-3
£1,80003/250.11 mi-3
£2,25005/240.16 miBalfour Road, Ashton, Bristol, BS33
£1,65003/240.16 miNorth Street, Bedminster, Bristol, BS33
£2,10003/240.17 miSturdon Rd - Bedminster BS3 3
£2,50003/240.19 miAshton Gate Terrace, Bristol, BS33
£1,95003/240.25 miAubrey Road, Southville, Bristol, BS33
£1,75004/240.25 miAubrey Rd, Southville3
£2,10005/240.26 miLime Road, Bristol, BS33
£1,80003/240.28 miAubrey Road, Bristol, BS33
£1,70004/240.32 miAshgrove Road, Bristol, BS33
£2,69503/240.33 miDartmoor Street, Southville, Bristol, BS33
£2,00004/240.35 miDartmoor Street, BRISTOL3
£1,70004/240.41 miCooperage Lane - Southville3
£1,99503/240.42 miElmdale Road, BS33
£1,75003/240.42 miElmdale Road, BS33
£1,70012/240.43 miAvon Crescent, City Centre3
£2,00003/240.44 miAvonleigh Road, The Chessels, Bristol, BS33
£2,00004/240.44 miAvonleigh Road, The Chessels, Bristol, BS33
£2,20005/240.44 miBedminster, Sion Close, BS3 3BH3
£2,25003/250.45 mi-3
£1,95002/250.46 mi-3
£1,90005/240.5 miChessel Heights, West Street, Bedminster, Bristol, BS33
£1,80012/240.51 miWest Street, Bedminster, BRISTOL3
£1,95003/240.52 miClifton Street, Bedminster, BRISTOL3
£1,57502/240.52 mi-3
£1,60010/230.52 miMerrywood Road, Bristol, BS33
£1,95004/240.52 miAshton Rise - Ashton Vale3
£1,80005/240.52 miAshton Rise, Bedminster, Bristol, BS33
£1,60003/240.52 miClifton Street - Bedminster3
£1,65002/240.52 mi-3
£1,90004/240.53 miBritish Road, Bristol, BS33
£1,99502/250.54 mi-3
£2,30001/250.55 mi-3
£2,20003/240.55 miMerrywood Road, Bristol, BS33
£1,90005/240.58 miBartletts Road - Bedminster3
£1,45012/230.58 mi-3
£2,53003/240.58 miBeaufort Street, Bedminster, Bristol, BS33
£1,80003/250.59 mi-3
£1,50003/240.59 miAshton Drive - BS33
£2,10012/240.6 miOsborne Wallis House, Hotwells3
£1,65003/240.6 miBartletts Road, Bedminster, Bristol, BS33
£2,50003/240.6 miSandford Road, Hotwells, Bristol, BS83

Local Area Statistics

Population in BS3

36,446

Population in Bristol

795,432

Town centre distance

2.34 miles away

Nearest school

0.20 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £425,000

January 22, 2025

Floor Plans

Description

  • Ashton +
  • Huge potential +
  • Open-plan living area +
  • Three bedrooms +
  • Family bathroom +
  • Driveway +

Nestled in the highly sought-after area of Ashton, this semi-detached home offers an exciting opportunity for those seeking a property to truly make their own.

Overview

In need of some modernisation, this house is brimming with potential, offering the perfect blank canvas for buyers looking for a project to transform into their dream home. The ground floor begins with a spacious entrance hallway, providing a welcoming first impression. To the front, you’ll find a generous open-plan reception area, perfect for creating an inviting living and dining space. This bright room opens onto the rear garden, making it an ideal area for future renovations, allowing for seamless indoor-outdoor living. The kitchen offers ample storage space, ensuring that you can easily reconfigure it to suit modern tastes and lifestyles. With some clever design, this space could be transformed into a stylish, functional hub of the home.

Outside

The house is situated on a sizeable plot with a handy driveway. The property also boasts a garden at the rear, providing a peaceful outdoor space for enjoying the sunny days.

Location

Located in the ever-popular Ashton area, you’ll find yourself within walking distance of all the amenities North Street has to offer, including a range of trendy cafes, independent shops, and restaurants. Excellent transport links ensure that you’re well connected to Bristol city centre, making this home an ideal choice for those who want the convenience of urban living with a peaceful, suburban vibe.

We think...

This home is perfect for buyers who are searching for a renovation project. Whether you’re a first-time buyer eager to get onto the property ladder or a family looking for a spacious home with plenty of room to grow, 21 Drake Road offers an ideal opportunity to create a home that perfectly suits your needs.

Material information (provided by owner)

SQM - TBC
EPC - TBC

Freehold - £5 Annual Ground Rent - Council Tax Band C

Agent Details

Ocean, Southville

0117 463 0108

Next Steps?

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