2 Bed Flat, Single Let, Bristol, BS37 4FG, £190,000

Normandy Drive, Yate, Bristol, Gloucestershire, BS37 4FG - 3 months ago

Sold STC

Leasehold

BTL

ROI: 5%

~68 m²

+7 photos

ValuationUndervalued

Sold Prices	£129K - £244K
Sold Prices/m²	£1.9K/m² - £4.4K/m²

Square Metres	~68.11 m²
Price/m²	£2.8K/m²
Value Estimate	£197,681£197,681
BMV	4%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£47,500£47,500
Stamp Duty & Legal Fees	£6,900£6,900
Total Cash In	£54,400£54,400

Cash Out
Rent Range	£950 - £1,425£950 - £1,425
Rent Estimate	£1,043
Running Costs/mo	£822£822
Cashflow/mo	£221£221
Cashflow/yr	£2,648£2,648
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

22 sold prices from £129K to £244K, average is £178K. £1.9K/m² to £4.4K/m², average is £3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£195K	05/23	0.53 mi	28a, Birkdale, Yate, Bristol, South Gloucestershire BS37 4EX	£3,197	61	2	Flat
£220K	12/22	0.6 mi	42, Blakeney Mills, Yate, Bristol, South Gloucestershire BS37 4XL	£3,729	59	2	Flat
£178K	04/21	0.65 mi	88, Canterbury Close, Yate, Bristol, South Gloucestershire BS37 5TY	£2,967	60	2	Flat
£178K	04/21	0.65 mi	78, Canterbury Close, Yate, Bristol, South Gloucestershire BS37 5TY	£3,123	57	2	Flat
£240K	12/22	0.78 mi	4, Batten Court, Chipping Sodbury, Bristol, South Gloucestershire BS37 6BL	-	-	2	Flat
£239K	02/23	0.81 mi	33, Batten Court, Chipping Sodbury, Bristol, South Gloucestershire BS37 6BL	£3,677	65	2	Flat
£235K	02/21	0.81 mi	21, Batten Court, Chipping Sodbury, Bristol, South Gloucestershire BS37 6BL	£4,352	54	2	Flat
£244K	03/23	0.81 mi	25, Batten Court, Chipping Sodbury, Bristol, South Gloucestershire BS37 6BL	£3,437	71	2	Flat
£180K	02/23	0.82 mi	11, Gathorne Crescent, Yate, Bristol, South Gloucestershire BS37 5EN	-	-	2	Flat
£129K	04/21	0.87 mi	Flat 20, Fountain Court, Abbotswood, Yate, Bristol, South Gloucestershire BS37 4NL	-	-	2	Flat
£141K	04/21	0.87 mi	Flat 6, Fountain Court, Abbotswood, Yate, Bristol, South Gloucestershire BS37 4NL	-	-	2	Flat
£165K	03/23	0.87 mi	Flat 2, Fountain Court, Abbotswood, Yate, Bristol, South Gloucestershire BS37 4NL	£3,438	48	2	Flat
£132.5K	06/21	0.87 mi	54, Abbotswood, Yate, Bristol, Avon BS37 4NF	£1,893	70	2	Flat
£131K	02/23	0.87 mi	60, Abbotswood, Yate, Bristol, South Gloucestershire BS37 4NF	£1,899	69	2	Flat
£187K	02/21	0.88 mi	45, Manor Way, Chipping Sodbury, Bristol, South Gloucestershire BS37 6NX	£3,667	51	2	Flat
£189.9K	07/21	0.9 mi	31, Smarts Green, Chipping Sodbury, Bristol, South Gloucestershire BS37 6EA	-	-	2	Flat
£200K	02/21	0.9 mi	19, Smarts Green, Chipping Sodbury, Bristol, South Gloucestershire BS37 6EA	£2,703	74	2	Flat
£140K	12/20	0.92 mi	91, Chargrove, Yate, Bristol, South Gloucestershire BS37 4LQ	£2,000	70	2	Flat
£155K	06/21	0.92 mi	79, Chargrove, Yate, Bristol, South Gloucestershire BS37 4LQ	£2,123	73	2	Flat
£155K	06/21	0.92 mi	79, Chargrove, Yate, Bristol, South Gloucestershire BS37 4LQ	£2,123	73	2	Flat
£135K	09/21	0.92 mi	80, Chargrove, Yate, Bristol, South Gloucestershire BS37 4LQ	£1,957	69	2	Flat
£151K	02/21	0.92 mi	49, Chargrove, Yate, Bristol, South Gloucestershire BS37 4LQ	£2,188	69	2	Flat

Local Rents

17 rents from £950/mo to £1.4K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£995	12/24	0.02 mi	-	2	House
£1,100	02/25	0.02 mi	-	2	Flat
£1,100	12/24	0.03 mi	-	2	House
£1,150	07/24	0.03 mi	-	2	Flat
£1,250	12/24	0.1 mi	Normandy Drive, Yate, Bristol	2	Flat
£1,100	12/24	0.24 mi	Station Road, Yate, Bristol, BS37	2	Flat
£1,425	12/24	0.6 mi	Broad Street, Chipping Sodbury	2	Flat
£1,275	12/24	0.64 mi	Horse Street, Chipping Sodbury, BS37	2	Terraced House
£1,100	03/25	0.64 mi	-	2	Terraced House
£1,300	12/24	0.67 mi	Home Orchard, Yate, Bristol	2	Terraced House
£1,200	12/24	0.73 mi	Couzens Close, Chipping Sodbury, BS37	2	Terraced House
£1,250	12/24	0.75 mi	Couzens Close, Chipping Sodbury, BRISTOL	2	Flat
£950	12/24	0.87 mi	-	2	Flat
£1,150	12/24	0.96 mi	The Willows, Yate, Bristol, Gloucestershire, BS37	2	Detached House
£1,050	12/24	1.08 mi	Bader Close, Yate, Bristol, BS37	2	Terraced House
£1,200	12/24	1.14 mi	Parnall Crescent, Yate	2	Terraced House
£1,250	12/24	1.2 mi	Rodborough, Yate, Bristol	2	Terraced House

Local Area Statistics

Population in BS37	38,08038,080
Population in Bristol	795,432795,432
Town centre distance	9.12 miles away9.12 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.16 miles away1.16 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-21%-21%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+22%+22%

Property History

Listed for £190,000

February 7, 2025

Floor Plans

Description

Two double bedrooms +
Parking +
0.5 Miles to Yate town centre +

Two bedroom first floor apartment overlooking greenery located a stone’s throw from Yate town centre.
Location really is everything with this one as its within walking distance of chipping Sodbury high street and Yate's shopping centre. Kingsgate park is also a short walk away giving you the sense of space whilst living right in the hustle and bustle of town.

This apartment offers two double bedrooms, shower room, storage and a sociable open plan kitchen/lounge/diner boasting French doors that allows the room to flood with natural light. Views look out to trees and a grass area giving a real feel of privacy.

There is one allocated parking space just outside the apartment block.

Agent Details

Andrews Estate Agents, Yate

01454 802685

Next Steps?

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

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