2 Bed Flat, Refurb/BRRR, Bristol, BS34 5EB, £180,000

Rodway Road, Patchway, Bristol, BS34 5EB - 3 views - a month ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 4%
~68 m²
+11 photos

ValuationFair Value

Sold Prices£140K - £275K
Sold Prices/m²£2.5K/m² - £4.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£180,000

 

 

End Value (After Refurb)

£240,116

Uplift in Value

+33%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Refurb Costs

£27,830

Bridging Loan Interest

£4,725

Total Cash In

£85,905

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£240,116

Agent Fees (1%)

£2,401

Bridging Loan

£135,000

Bridging Loan Interest

£4,725

Flip Profit

£16,809

Local Sold Prices

50 sold prices from £140K to £275K, average is £200.4K. £2.5K/m² to £4.9K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£140K05/210 mi169, Rodway Road, Patchway, Bristol, South Gloucestershire BS34 5EB2
£217K02/230.04 mi19, Cranbourne Road, Patchway, Bristol, South Gloucestershire BS34 5DZ2
£181.5K05/210.04 mi21, Cranbourne Road, Patchway, Bristol, South Gloucestershire BS34 5DZ2
£177K05/230.04 mi41a, Cranbourne Road, Patchway, Bristol, South Gloucestershire BS34 5DZ2
£189.9K11/210.07 mi3, Cranbourne Road, Patchway, Bristol, South Gloucestershire BS34 5EA2
£168K09/210.07 mi16, Cranbourne Road, Patchway, Bristol, South Gloucestershire BS34 5EA2
£230K08/230.11 mi56, Charlton Boulevard, Patchway, Bristol, South Gloucestershire BS34 5BN2
£190K10/200.24 mi69a, Callicroft Road, Patchway, Bristol, South Gloucestershire BS34 5BU2
£220K03/230.24 mi69a, Callicroft Road, Patchway, Bristol, South Gloucestershire BS34 5BU2
£207.5K07/210.26 mi14, Tall Elms Road, Patchway, Bristol, South Gloucestershire BS34 5FJ2
£192K11/220.29 mi3, Fir Tree Close, Patchway, Bristol, South Gloucestershire BS34 5ER2
£169.5K03/210.29 mi3, Fir Tree Close, Patchway, Bristol, South Gloucestershire BS34 5ER2
£181K12/220.32 mi104, Willow Close, Patchway, Bristol, South Gloucestershire BS34 5SQ2
£228K10/210.35 mi21, Swithins Lane, Patchway, Bristol, South Gloucestershire BS34 5FY2
£164K01/210.35 mi37, Larch Way, Patchway, Bristol, South Gloucestershire BS34 5DW2
£163K08/210.36 mi113, Coniston Road, Patchway, Bristol, South Gloucestershire BS34 5JS2
£203K06/210.56 mi148, Oak Leaze, Patchway, Bristol, South Gloucestershire BS34 5FN2
£220K12/221.11 mi49, College Way, Filton, Bristol, South Gloucestershire BS34 7BH2
£178K04/211.11 mi68, College Way, Filton, Bristol, South Gloucestershire BS34 7BH2
£176K09/221.13 mi79, Little Stoke Lane, Little Stoke, Bristol, South Gloucestershire BS34 6HJ2
£189K03/231.16 miFlat 2, Woodlands Court, Woodlands Lane, Bradley Stoke, Bristol, South Gloucestershire BS32 4JU2
£252K11/221.16 mi47, Orchard Gate, Bradley Stoke, Bristol, South Gloucestershire BS32 0HN2
£232K12/211.17 mi1, The Hedgerows, Bradley Stoke, Bristol, South Gloucestershire BS32 9DW2
£182.5K10/201.17 mi91, The Hedgerows, Bradley Stoke, Bristol, South Gloucestershire BS32 9DW2
£185K03/211.18 mi37a, Oak Close, Little Stoke, Bristol, South Gloucestershire BS34 6RB2
£227.5K11/221.18 mi32a, Oak Close, Little Stoke, Bristol, South Gloucestershire BS34 6RB2
£200.8K04/231.18 mi11, Shepherds Walk, Bradley Stoke, Bristol, South Gloucestershire BS32 9AZ2
£215K10/221.18 mi31, Shepherds Walk, Bradley Stoke, Bristol, South Gloucestershire BS32 9AZ2
£182K03/211.18 mi65, Shepherds Walk, Bradley Stoke, Bristol, South Gloucestershire BS32 9AZ2
£218.7K04/231.19 mi98, Shepherds Walk, Bradley Stoke, Bristol, South Gloucestershire BS32 9AY2
£175K03/211.19 mi58, Shepherds Walk, Bradley Stoke, Bristol, South Gloucestershire BS32 9AY2
£180K04/211.19 mi118, Shepherds Walk, Bradley Stoke, Bristol, South Gloucestershire BS32 9AY2
£210K03/231.19 mi110, Shepherds Walk, Bradley Stoke, Bristol, South Gloucestershire BS32 9AY2
£205K07/231.19 mi18, Shepherds Walk, Bradley Stoke, Bristol, South Gloucestershire BS32 9AY2
£182.5K09/201.22 mi19, The Pasture, Bradley Stoke, Bristol, South Gloucestershire BS32 9DU2
£275K11/221.22 mi24, Hornbeam Close, Bradley Stoke, Bristol, South Gloucestershire BS32 8FD2
£220K12/221.25 mi115, Hornbeam Close, Bradley Stoke, Bristol, South Gloucestershire BS32 8FE2
£172.5K02/211.26 mi61, Hornbeam Close, Bradley Stoke, Bristol, South Gloucestershire BS32 8FE2
£191K05/211.26 mi41, Hornbeam Close, Bradley Stoke, Bristol, South Gloucestershire BS32 8FE2
£210K05/221.27 mi107, Hornbeam Close, Bradley Stoke, Bristol, South Gloucestershire BS32 8FE2
£250K02/211.32 mi6, Parkers Close, Bristol, City Of Bristol BS10 6LZ2
£205K06/231.35 miFlat 18, Charlton Mead Court, Charlton Mead Drive, Bristol, City Of Bristol BS10 6LN2
£210K12/221.41 mi27, Snowberry Close, Bradley Stoke, Bristol, South Gloucestershire BS32 8GB2
£197K11/211.48 mi101, Champs Sur Marne, Bradley Stoke, Bristol, South Gloucestershire BS32 9BL2
£200K05/211.48 mi57, Champs Sur Marne, Bradley Stoke, Bristol, South Gloucestershire BS32 9BL2
£225K11/221.48 mi115, Champs Sur Marne, Bradley Stoke, Bristol, South Gloucestershire BS32 9BL2
£190K01/211.51 mi323, Champs Sur Marne, Bradley Stoke, Bristol, South Gloucestershire BS32 9BZ2
£243.5K11/221.51 mi307, Champs Sur Marne, Bradley Stoke, Bristol, South Gloucestershire BS32 9BZ2
£252K10/221.51 mi331, Champs Sur Marne, Bradley Stoke, Bristol, South Gloucestershire BS32 9BZ2
£245K01/231.52 mi359, Champs Sur Marne, Bradley Stoke, Bristol, South Gloucestershire BS32 9BZ2

Local Rents

50 rents from £975/mo to £3.2K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£3,18003/250.04 mi-2
£1,27503/240.04 miCranbourne Road, Patchway, Bristol, Gloucestershire, BS342
£1,34002/250.07 mi-2
£99503/240.09 miRodway Road, Patchway2
£1,45001/250.1 mi-2
£1,40003/240.11 miLee Close, Patchway, Bristol, BS342
£1,30005/240.13 miGreat Brier Leaze, Charlton Hayes, Bristol2
£1,30003/240.25 miWood Street, Patchway, Bristol, BS342
£1,35011/240.26 mi-2
£1,35003/240.26 miLong Leaze Road, Charlton Hayes, Bristol, BS342
£1,25001/250.26 mi-2
£1,35004/240.28 mi-2
£1,35004/240.28 miTall Elms Road, Patchway, Bristol, BS342
£1,45003/240.28 miBushy Road, Patchway, Bristol, Gloucestershire, BS342
£1,30004/240.29 miBushy Road, Charlton Hayes, Bristol2
£1,36512/240.29 mi-2
£1,25003/240.29 miCharlton Hayes, Bushy Road, BS34 5GP2
£1,35003/240.3 miSquare Leaze, Patchway, Bristol, Gloucestershire, BS342
£1,25003/240.3 miSquare Leaze, Charlton Hayes, Bristol, BS342
£1,40004/240.31 miSquare Leaze, Patchway, BRISTOL2
£1,30004/240.31 miSparrowbill Way, Charlton Hayes, Bristol, BS342
£1,30004/240.31 miSparrowbill Way, Charlton Hayes, Bristol, BS342
£1,25004/240.32 miGreen Sands Road - Charlton Hayes2
£1,30003/240.34 miWhitsun Leaze, Charlton Hayes, Bristol, BS342
£1,25003/240.34 miEighteen Acre Drive, Patchway, Bristol, BS342
£1,20003/240.35 miMansell Road, Charlton Hayes, Bristol, BS342
£1,45002/250.37 mi-2
£1,35003/250.37 mi-2
£1,25004/240.39 miEighteen Acre Drive, Bristol2
£1,30003/240.39 miHawthorn Close, Patchway, Bristol2
£1,17510/230.4 miMansell Road, Patchway, Bristol, South Gloucestershire, BS342
£1,10003/240.41 miGloucester Road, Patchway2
£1,40004/240.41 miGloucester Road, Patchway2
£1,50004/240.41 miGreat Brier Leaze, Patchway2
£1,40003/250.42 mi-2
£1,40012/240.42 mi-2
£1,25004/240.43 miMansell Road, Patchway, Bristol, South Gloucestershire, BS342
£1,55003/240.43 miAladine Court, Gloucester Road, Bristol, BS34 5WH2
£1,30003/240.43 miWhitsun Leaze, Charlton Hayes, Bristol2
£1,55003/240.43 miBrick Hill Way, Patchway2
£1,55004/240.43 miBrick Hill Way, Patchway2
£1,25005/240.43 miGreat Brier Leaze, Charlton Hayes, Bristol, BS342
£1,60003/240.44 miBrick Hill Way, Patchway, Bristol, BS34 5UY2
£97503/240.44 mi-2
£1,40003/250.52 mi-2
£1,30003/240.54 miLane End Road, Charlton Hayes2
£1,45002/250.55 mi-2
£1,30004/240.55 miOak Leaze, Charlton Hayes, Bristol2
£1,40003/250.56 mi-2
£1,12502/240.57 mi-2

Local Area Statistics

Population in BS34

29,893

Population in Bristol

795,432

Town centre distance

4.19 miles away

Nearest school

0.20 miles away

Nearest train station

0.80 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-6%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Listed for £180,000

February 3, 2025

Floor Plans

Description

  • Two Bedroom Apartment - Desirable Patchway Location (NO CHAIN). +

  • MATTERPORT VIDEO TOUR INCLUDED +

  • Well Proportioned Rooms Throughout / Private Entrance Plus Staircase Leading Upwards +

  • Sizable Rear Garden Plot with Private Access +

  • Light and Bright with Open Outlook / Gas Central Heating / Double Glazing +

  • Spacious Kitchen with Windows to Side AND Rear +

  • Wealth of Local Amenities / Modern Gas Central Heating +

  • Proximity to Major Employers / Motorway Network / Filton Abbey Wood Train Station +

SUMMARY
This well presented two bedroom apartment will suit investors and residential buyers in equal measure, The property is light and bright with spacious rooms and an open outlook. The garden, private access inward and tremendously convenient location is the icing on the cake!

DESCRIPTION
' This well presented two bedroom apartment will suit investors and residential buyers in equal measure, The property is light and bright with spacious rooms and an open outlook. The garden, private access inward and tremendously convenient location is the icing on the cake! '

The apartment briefly consists of two well proportioned bedrooms, three piece bathroom, spacious front facing living room AND further spacious dual aspect kitchen with space for a small dining table. The top floor property substantially benefits from a private entrance to the side aspect and private staircase leading upwards. Externally, there is a pathway leading to the front door and the path continues to the sizable garden plot behind.

These sturdy homes offer great potential for internal renovation given the brick built construction type and pitched tiled roofs. That said, this one is presented well and has a modern combination boiler in-situ alongside all the expected fixtures, appliances and fittings. The home is particularly light and bright given the open orientation to the front and rear and the garden offers huge opportunity given the large plot...although currently overgrown.

Rodway Road offers a wealth of local amenities and proximity to a raft of major employers including Rolls Royce and Airbus. The M4/M5 motorway network is highly accessible, local buses run into and out the city frequently from this postcode and the University of the West of England is nearby.

Rodway Road 

Access 
The handsome building has attractive hedgerow to the side plus wooden fencing and herbaceous borders to the front.

The private entrance is granted via paved pathway that leads along the side of the property. The pathway continues onward to the garden plot to the rear aspect.

Private Entrance 
The traditional front door leads conveniently into a small hallway space and well presented staircase. Finished with carpet and wooden handrails. A side window from the landing illuminates this space and instantly accentuates the feeling of space as found throughout.

Landing/Main Hallway 10' 5" max x 8' 5" max ( 3.17m max x 2.57m max )
Well presented landing leading to all areas offering great proportions. As mentioned, the side aspect window offers plenty of natural light and helps create an inviting space. Finished with carpet and pendant light whilst offering further storage and loft access.

Living Room 14' 11" max x 10' 5" max ( 4.55m max x 3.17m max )
The main living space offers generous proportions with a bay window to the front aspect. The room is naturally light and bright and benefits from an open aspect given the space adjacent to the Patchway Council Civic building.

The room is finished with carpet and includes a pendant light and art deco style surround and electric fireplace unit. Plenty of space for furniture and small dining table if required.

Kitchen 10' 4" max x 8' 8" max ( 3.15m max x 2.64m max )
The spacious kitchen offers dual aspect credentials given windows to the side and rear. The pretty outlook extends over the garden and again guarantees beautiful natural light and a feeling of space.

Complete with wall and base units, stainless steel sink and drainer, double undercouter fridge and freezer PLUS integrated hob and oven. The condition and finish is of a high standard with tile effect lino flooring and quartz effect worktops.

*The modern Vaillant combination boiler is located here which heats the house and water.

Bedroom One 12' 11" max x 10' 5" max ( 3.94m max x 3.17m max )
Bedroom 1 is finished to a good standard with views out over the garden. Complete with carpet. pendant light and picture rails.

Bedroom Two 8' 8" max x 8' 6" max ( 2.64m max x 2.59m max )
Again, presented to a clean standard with plenty of natural light. Bedroom two also benefits from extensive fitted storage against the side wall.

Bathroom 7' 3" max x 5' 3" max ( 2.21m max x 1.60m max )
The bathroom includes a three piece suite alongside attractive two tone wall tiles and central banner line. Here is an electric shower unit, wall mounted radiator and chrome handrail. A window to the side aspect offers light and adds to the feeling of space.

Externally 

Rear Garden Plot 
The comparatively expansive rear garden plot is accessed via the side path. The space offers opportunity for the next owner and hasn't been used for some years.

Agents Notes 
We understand from the vendor that the ground rent is £5 per annum. We further understand that there is nil formal service charge and any works are agreed between the two owners by mutual agreement. (as is insurance). The lease term is understood to be 999 years from 1982.

*We recommend that all financial and legal information is checked independently by your chosen advisors.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Allen & Harris, Stoke Gifford

0117 463 6455

Next Steps?

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