3 Bed Terraced House, Refurb/BRRR, Bristol, BS31 3BJ, £325,000

68 Norman Road, Bristol, BS31 3BJ - 3 views - 2 months ago

Refurb/BRRR
ROI: 6%
80 m²
+11 photos

ValuationFair Value

Sold Prices£295K - £650K
Sold Prices/m²£3.1K/m² - £6.4K/m²

 

 

Square Metres

80 m²
Price/m²£4.1K/m²

Value Estimate

£321,037

 

 

End Value (After Refurb)

£351,605

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£32,688

Bridging Loan Interest

£8,531

Total Cash In

£138,919

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£351,605

Mortgage (After Refinance)

£263,704

Mortgage LTV

75%

Cash Released

£19,954

Cash Left In

£118,966

Equity

£87,901

Rent Range

£1,450 - £3,950

Rent Estimate

£2,282

Running Costs/mo

£1,575

Cashflow/mo

£707

Cashflow/yr

£8,482

ROI

6%

Gross Yield

8%

Local Sold Prices

41 sold prices from £295K to £650K, average is £425K. £3.1K/m² to £6.4K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£307.5K04/210.02 mi82, Norman Road, Saltford, Bristol, Bath And North East Somerset BS31 3BJ3
£532.7K02/230.07 mi459, Bath Road, Saltford, Bristol, Bath And North East Somerset BS31 3AZ3
£295K06/210.07 mi36, Stratton Road, Saltford, Bristol, Bath And North East Somerset BS31 3BW3
£520K06/210.09 mi414, Bath Road, Saltford, Bristol, Bath And North East Somerset BS31 3DH3
£325K01/210.1 mi6, Wedmore Road, Saltford, Bristol, Bath And North East Somerset BS31 3BY3
£356K08/230.14 mi14, Chelwood Road, Saltford, Bristol, Bath And North East Somerset BS31 3BU3
£309.9K02/210.14 mi14, Chelwood Road, Saltford, Bristol, Bath And North East Somerset BS31 3BU3
£468K08/210.14 mi11, Witney Close, Saltford, Bristol, Bath And North East Somerset BS31 3DX3
£550K11/220.17 miThe Firs, Hinton Close, Saltford, Bristol, Bath And North East Somerset BS31 3AY3
£375K02/210.18 mi40, Claverton Road West, Saltford, Bristol, Bath And North East Somerset BS31 3DU3
£440K06/210.24 mi39, Claverton Road, Saltford, Bristol, North Somerset BS31 3DW3
£420K03/210.24 mi35, Claverton Road, Saltford, Bristol, Bath And North East Somerset BS31 3DW3
£637K08/230.24 mi37, Grange Road, Saltford, Bristol, Bath And North East Somerset BS31 3AH3
£350K07/210.28 mi3, Anson Close, Saltford, Bristol, Bath And North East Somerset BS31 3DY3
£425K01/210.29 mi10, High Street, Saltford, Bristol, Bath And North East Somerset BS31 3ED3
£380K05/210.3 mi7, Howard Close, Saltford, Bristol, Bath And North East Somerset BS31 3AS3
£585K03/230.33 mi28, Manor Road, Saltford, Bristol, Bath And North East Somerset BS31 3DN3
£390K07/210.33 mi11, Drake Close, Saltford, Bristol, Bath And North East Somerset BS31 3LW3
£475K06/210.37 mi42, Montague Road, Saltford, Bristol, Bath And North East Somerset BS31 3LL3
£380K03/230.37 mi43, Montague Road, Saltford, Bristol, Bath And North East Somerset BS31 3LL3
£482K09/220.37 mi25, Montague Road, Saltford, Bristol, Bath And North East Somerset BS31 3LA3
£537.5K08/230.39 mi47, Manor Road, Saltford, Bristol, Bath And North East Somerset BS31 3AB3
£650K12/200.39 mi56, Manor Road, Saltford, Bristol, Bath And North East Somerset BS31 3AB3
£425K10/200.42 mi53, High Street, Saltford, Bristol, Bath And North East Somerset BS31 3EJ3
£345K05/210.45 mi20, Haselbury Grove, Saltford, Bristol, Bath And North East Somerset BS31 3AD3
£315K10/200.45 mi32, Haselbury Grove, Saltford, Bristol, Bath And North East Somerset BS31 3AD3
£390K03/210.45 mi2, Haselbury Grove, Saltford, Bristol, Bath And North East Somerset BS31 3AD3
£355K04/210.45 mi30, Haselbury Grove, Saltford, Bristol, Bath And North East Somerset BS31 3AD3
£474K01/210.47 mi2c, Rodney Road, Saltford, Bristol, Bath And North East Somerset BS31 3HP3
£590K12/200.53 mi77, Uplands Road, Saltford, Bristol, Bath And North East Somerset BS31 3HN3
£590K09/230.53 mi69, Uplands Road, Saltford, Bristol, Bath And North East Somerset BS31 3HN3
£427K03/210.54 mi42a, Uplands Road, Saltford, Bristol, Bath And North East Somerset BS31 3JJ3
£450K06/230.58 mi18, Beresford Close, Saltford, Bristol, Bath And North East Somerset BS31 3HU3
£625K07/230.58 miRiverside View, 530, Bath Road, Saltford, Bristol, Bath And North East Somerset BS31 3JL3
£470K04/210.59 mi55, Uplands Road, Saltford, Bristol, Bath And North East Somerset BS31 3HW3
£406K08/230.66 mi225, Bath Road, Keynsham, Bristol, Bath And North East Somerset BS31 1TN3
£560K04/230.66 miPeacehaven, The Glen, Saltford, Bristol, Bath And North East Somerset BS31 3JP3
£585K03/210.72 miBarberini, The Glen, Saltford, Bristol, Bath And North East Somerset BS31 3JR3
£400K12/210.95 mi146, Bath Road, Keynsham, Bristol, Bath And North East Somerset BS31 1TA3
£365K02/210.98 mi62, Hurn Lane, Keynsham, Bristol, Bath And North East Somerset BS31 1QY3
£360K11/211 mi27, Waveney Road, Keynsham, Bristol, Bath And North East Somerset BS31 1RU3

Local Rents

14 rents from £1.4K/mo to £4K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,45004/240.1 miCamerton Close, Saltford3
£1,70005/240.35 miPepys Close, Saltford3
£2,50003/240.67 miAvon Valley Farm Pixash Lane BS313
£3,95002/240.78 mi-3
£3,95001/250.78 mi-3
£1,80004/240.9 mi-3
£1,80003/240.9 miForesters Close, Keynsham, Bristol, BS313
£1,80003/240.9 miForesters Close, Keynsham, Bristol, BS313
£3,40006/240.9 mi-3
£3,40010/240.9 mi-3
£1,60003/241.02 miWindrush Green, Keynsham3
£1,49504/241.05 miTilley Close, Keynsham, Bristol, Somerset, BS313
£1,65003/241.05 miHurn Lane, Keynsham, Bristol, BS313
£1,45004/241.12 miTorridge Road, Keynsham, Bristol3

Local Area Statistics

Population in BS31

19,954

Population in Bristol

795,432

Town centre distance

7.17 miles away

Nearest school

0.30 miles away

Nearest train station

1.72 miles away

 

 

Rental growth (12m)

+19%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £325,000

February 12, 2025

Floor Plans

Description

  • In need of modernisation +
  • Village location +
  • Double glazing +
  • New boiler +
  • Close to local amenities +

Nestled in the charming village of Saltford, Bristol, this three-bedroom mid-terraced house on Norman Road presents an excellent opportunity for those looking to create their dream home. While the property is in need of modernisation, it offers a solid foundation with gas-fired central heating, featuring a new boiler and double glazing.

The house boasts two spacious reception rooms, perfect for family gatherings or entertaining guests. The three well-proportioned bedrooms provide ample space for relaxation and rest. The property also includes a shower/wet room, catering to the needs of modern living. One of the standout features of this home is the enclosed rear garden, offering a private outdoor space for gardening, play, or simply enjoying the fresh air. The location is particularly appealing, as it is situated close to local amenities, making daily errands convenient. Additionally, the picturesque riverside walks nearby provide a lovely setting for leisurely strolls.

Families will appreciate being within the well-regarded Wellsway School catchment area, ensuring access to quality education. Furthermore, the property benefits from excellent transport links to both Bath and Bristol, making it ideal for commuters or those who enjoy the vibrant city life.

With no onward sales chain, this property is ready for its new owners to make their mark. Whether you are a first-time buyer or an investor, this house offers a fantastic opportunity to create a home tailored to your tastes in a desirable location.

Entrance via front door into

Hallway - 3.76 x 1.89 (12'4" x 6'2") - Stairs rising to first floor landing, doors to

Sitting Room - 3.76 x 3.29 (12'4" x 10'9") - uPVC double glazed window to front aspect, single radiator.

Dining Room - 3.10 x 3.00 (10'2" x 9'10") - uPVC double glazed window to rear aspect, single radiator, opening to

Kitchen/Breakfast Room - 2.98 x 2.58 (9'9" x 8'5") - uPVC double glazed window to rear aspect, a selection of wall and floor units with worksurface over, sink drainer unit with taps over, space for cooker, space and plumbing for washing machine, pedestrian door to rear aspect.

AGENTS NOTE: Kitchen is in need of modernisation.

First Floor Landing - Access to loft space, doors to

Master Bedroom - 4.50 x 3.00 (14'9" x 9'10") - uPVC double glazed window to rear aspect, single radiator, a recently fitted Worcester combination boiler, 2 storage cupboards.

Bedroom Two - 3.51 x 3.16 (11'6" x 10'4") - uPVC double glazed window to front aspect, single radiator, storage cupboard.

Bedroom Three - 2.90 x 2.28 (9'6" x 7'5") - uPVC double glazed window to front aspect, single radiator.

Shower Room - 1.89 x 1.70 (6'2" x 5'6") - Obscured uPVC double glazed window to rear aspect, w/c, pedestal wash hand basin with taps over, wet room style shower with central drain.

Outside - The front of the property is laid mainly to patio and gravel for ease of maintenance and is enclosed by hedging. The rear garden is laid mainly to lawn and is fully enclosed by wooden fencing with a detached workshop.

Workshop - 2.56 x 1.86 (8'4" x 6'1") - Storage

Directions - Sat Nav BS31 3BH

Agent Details

Eveleighs, Keynsham

0117 463 6061

Next Steps?

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