2 Bed Flat, Refurb/BRRR, Bristol, BS34 6RH, £120,000

Elm Close, Little Stoke, Bristol, BS34 6RH - 16 views - 2 months ago

Sold STC
Leasehold
Cash
Refurb/BRRR
ROI: 3%
~68 m²
+4 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Refurb Costs

£27,830

Bridging Loan Interest

£3,150

Total Cash In

£67,530

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£254,605

Agent Fees (1%)

£2,546

Bridging Loan

£90,000

Bridging Loan Interest

£3,150

Flip Profit

£94,529













Local Rents

49 rents from £1.1K/mo to £1.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25003/240.01 mia Elm Close, Little Stoke, Bristol2
£1,20001/250.05 mi-2
£1,40004/240.11 miHercules Close, Little Stoke, Bristol, BS342
£1,30004/240.11 miHercules Close, Little Stoke, Bristol, BS342
£1,30003/240.19 miKemperleye Way, Bradley Stoke2
£1,25005/240.21 miKemperleye Way, Bradley Stoke, Bristol2
£1,45012/240.3 mi-2
£1,45005/240.3 miSherbourne Avenue, Bradley Stoke, Bristol, BS322
£1,30004/240.32 miWatch Elm Close, Bradley Stoke, Bristol2
£1,19503/240.34 miFern Grove, Bradley Stoke , South Gloucestershire2
£1,25003/240.34 miStevens Walk, Bristol2
£1,20012/240.35 miMeadow Way, Bristol2
£1,20003/240.35 miFern Grove, Bradley Stoke, Bristol2
£1,29504/240.37 miWatch Elm Close, Bradley Stoke , South Gloucestershire 2
£1,10001/240.38 mi-2
£1,10001/250.38 mi-2
£1,30004/240.4 miBelmont Drive, Stoke Gifford, Bristol, South Gloucestershire, BS342
£1,25004/240.4 miThe Willows, Bradley Stoke, Bristol, BS322
£1,25005/240.4 miThe Willows, Bradley Stoke, Bristol, BS322
£1,09903/240.41 miBurden Close, Bristol2
£1,30003/240.41 miBurden Close, Bradley Stoke, BRISTOL, BS322
£1,30003/240.41 miBurden Close, Bradley Stoke, BRISTOL, BS322
£1,20003/240.41 miThe Culvert, Bradley Stoke, Bristol, BS322
£1,35003/240.41 mi-2
£1,25010/230.41 miThe Beeches, Bristol2
£1,35003/240.41 miThe Beeches, Bristol, BS322
£1,29504/240.43 miThe Close, Little Stoke, BRISTOL2
£1,15003/240.44 miChamps Sur Marne, Bradley Stoke, Bristol, South Gloucestershire, BS322
£1,40003/240.45 mi-2
£1,25004/240.45 mi-2
£1,30003/240.46 miThe Bluebells, Bradley Stoke, Bristol, Gloucestershire, BS322
£1,15003/240.46 miSnowberry Close, Bristol2
£1,17510/230.48 miHornbeam Close, Bristol2
£1,20004/240.48 miHornbeam Close, Bristol2
£1,25003/240.48 miPursey Drive, Bristol2
£1,05004/240.5 miHornbeam Close, Bradley Stoke, South Gloucestershire2
£1,15003/240.53 miGreat Meadow Road, Bradley Stoke, Bristol, BS32 8DA2
£1,25009/240.55 mi-2
£1,17504/240.58 mi-2
£1,17504/240.58 mi-2
£1,25005/240.58 miChamps Sur Marne, Bradley Stoke2
£1,50005/240.58 miChamps Sur Marne, Bradley Stoke, BS322
£1,15003/240.59 miShepherds Walk, Bristol2
£1,15004/240.59 miShepherds Walk, Bristol2
£1,20004/240.6 miShepherds Walk, Bradley Stoke, Bristol, BS322
£1,20004/240.6 miShepherds Walk - Bradley Stoke2
£1,30002/240.6 mi-2
£1,32505/240.61 miDumaine Avenue, Bristol, BS342
£1,07503/240.61 miGreat Meadow Road, Bradley Stoke, Bristol, South Gloucestershire, BS322

Local Area Statistics

Population in BS34

29,893

Population in Bristol

795,432

Town centre distance

4.26 miles away

Nearest school

0.20 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-6%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Listed for £120,000

January 27, 2025

Floor Plans

Description

  • Elm Close +
  • 2 Bedrooms +
  • Garage +
  • No Onward Chain +
  • Cash buyer only +
  • Lease extension required +
  • Renovation +
  • Close to local amenities +
  • Perfect investment opportunity +

A fantastic investment opportunity to develop a two-bedroom apartment with a garage in a sought-after location. It is sold with no onward chain and is suitable for cash purchasers only.

Overview

Upon entering the property you are greeted by an entrance hall followed by the stairs to the apartment. Upstairs you will find two double-bedrooms, a family bathroom and ample storage space.

You will also find a large lounge area and kitchen space.

Outside the property there is a garage.

Outside

Outside the property you will find access to the garage.

Location

The property is ideally situated as its nearby a foot-path leading to Central Bradley Stoke and the Willow Brook District Centre. In addition you can find many local amenities such as Little Stoke playing fields, schools and major transportation links, including Patchway train station.

We think...

A perfect investment and renovation project in the heart of Little Stoke.

Material information (provided by owner)

Tenure - Leasehold
Service charge - TBC
Ground rent - TBC
Council tax band - A
EPC - TBC

Agent Details

Ocean, Bradley Stoke

01454 801995

Next Steps?

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