2 Bed Flat, Single Let, Bristol, BS20 8EE, £205,000

Somerset Road, Portishead, BS20 8EE - 2 views - a month ago

Leasehold
BTL
ROI: 2%
~68 m²
+13 photos

ValuationUndervalued

Sold Prices£131K - £425K
Sold Prices/m²£2K/m² - £5.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3K/m²

Value Estimate

£234,687
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£51,250

Stamp Duty & Legal Fees

£11,450

Total Cash In

£62,700

 

 

Cash Out

 

Rent Range

£925 - £1,350

Rent Estimate

£925

Running Costs/mo

£846

Cashflow/mo

£79

Cashflow/yr

£953

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £131K to £425K, average is £263.5K. £2K/m² to £5.2K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£195K02/210 mi25, Somerset Road, Portishead, Bristol, North Somerset BS20 8EE2
£200K02/230.09 mi13, Devonshire Drive, Portishead, Bristol, North Somerset BS20 8EF2
£190K06/210.09 mi10, Devonshire Drive, Portishead, Bristol, North Somerset BS20 8EF2
£262K09/210.13 miFlat 37, Fedden Village, Nore Road, Portishead, Bristol, North Somerset BS20 8DN2
£289.9K04/210.13 miFlat 65, Fedden Village, Nore Road, Portishead, Bristol, North Somerset BS20 8EJ2
£310K03/230.13 miFlat 92, Fedden Village, Nore Road, Portishead, Bristol, North Somerset BS20 8EJ2
£305K05/210.13 miFlat 24, Fedden Village, Nore Road, Portishead, Bristol, North Somerset BS20 8DN2
£425K08/230.13 miFlat 36, Fedden Village, Nore Road, Portishead, Bristol, North Somerset BS20 8DN2
£192K07/230.49 mi47, Mendip Road, Portishead, Bristol, North Somerset BS20 6DE2
£182K10/200.89 mi17, Queens Avenue, Portishead, Bristol, North Somerset BS20 6NL2
£175K10/200.91 mi11, Queens Avenue, Portishead, Bristol, North Somerset BS20 6NH2
£211.5K06/210.92 miFlat 17, West Hill Court, Kilkenny Place, Portishead, Bristol, North Somerset BS20 6JA2
£216K09/210.92 miFlat 19, West Hill Court, Kilkenny Place, Portishead, Bristol, North Somerset BS20 6JA2
£184K02/230.96 mi37, Briary Road, Portishead, Bristol, North Somerset BS20 6NE2
£150K01/210.97 mi76, Briary Road, Portishead, Bristol, North Somerset BS20 6NF2
£205K10/230.97 mi51, Briary Road, Portishead, Bristol, North Somerset BS20 6NF2
£187K09/230.98 mi36, Briary Road, Portishead, Bristol, North Somerset BS20 6NE2
£158K03/211.23 mi2, Clockhouse Mews, Portishead, Bristol, North Somerset BS20 7HS2
£174K06/231.23 mi19, Clockhouse Mews, Portishead, Bristol, North Somerset BS20 7HS2
£158.5K09/211.23 mi4, Clockhouse Mews, Portishead, Bristol, North Somerset BS20 7HS2
£155K10/211.25 mi24, Clockhouse Mews, Portishead, Bristol, Avon BS20 7HS2
£131K01/211.48 mi11a, Glebe Avenue, Portishead, Bristol, North Somerset BS20 6QE2
£275K06/231.49 mi2, Gateway Terrace, Portishead, Bristol, North Somerset BS20 7EW2
£254K10/231.49 mi20, Gateway Terrace, Portishead, Bristol, North Somerset BS20 7EW2
£310K04/231.58 mi2, Sally Hill, Portishead, Bristol, North Somerset BS20 7BH2
£268K12/201.59 mi41, The Anchorage, Portishead, Bristol, North Somerset BS20 7FN2
£278K04/211.59 mi56, The Anchorage, Portishead, Bristol, North Somerset BS20 7FN2
£285K01/211.59 mi43, The Anchorage, Portishead, Bristol, North Somerset BS20 7FN2
£275K06/231.59 mi33, The Anchorage, Portishead, Bristol, North Somerset BS20 7FN2
£344K02/231.6 mi40, The Anchorage, Portishead, Bristol, North Somerset BS20 7FN2
£290K03/231.62 mi35, Lower Burlington Road, Portishead, Bristol, North Somerset BS20 7BP2
£255K12/201.62 mi32, Lower Burlington Road, Portishead, Bristol, North Somerset BS20 7BP2
£220K01/211.62 mi28, Lower Burlington Road, Portishead, Bristol, North Somerset BS20 7BP2
£237.5K01/211.62 mi49, Lower Burlington Road, Portishead, Bristol, North Somerset BS20 7BP2
£275K12/201.62 mi48, Lower Burlington Road, Portishead, Bristol, North Somerset BS20 7BP2
£230K12/211.64 mi106, Merchant Square, Portishead, Bristol, North Somerset BS20 7PE2
£388K03/211.64 mi71, Burlington Road, Portishead, Bristol, North Somerset BS20 7BQ2
£370K11/201.64 mi55, Burlington Road, Portishead, Bristol, North Somerset BS20 7BQ2
£385K06/231.64 mi73, Burlington Road, Portishead, Bristol, North Somerset BS20 7BQ2
£425K11/201.65 miFlat 19, Centre Quay, Lower Burlington Road, Portishead, Bristol, North Somerset BS20 7AX2
£330K04/211.65 miFlat 33, Centre Quay, Lower Burlington Road, Portishead, Bristol, North Somerset BS20 7AX2
£410K10/231.65 miFlat 31, Centre Quay, Lower Burlington Road, Portishead, Bristol, North Somerset BS20 7AX2
£265K06/211.66 mi19, Pier Close, Portishead, Bristol, North Somerset BS20 7BU2
£275K01/211.66 mi24, Pier Close, Portishead, Bristol, North Somerset BS20 7BU2
£295K03/231.66 mi27, Pier Close, Portishead, Bristol, North Somerset BS20 7BU2
£237K06/211.68 mi20, Woodacre, Portishead, Bristol, North Somerset BS20 7BT2
£323K06/231.68 mi66, Woodacre, Portishead, Bristol, North Somerset BS20 7BT2
£215K08/231.69 mi26, Newfoundland Way, Portishead, Bristol, North Somerset BS20 7QE2
£290K11/221.7 mi18, Mizzen Court, Portishead, Bristol, North Somerset BS20 7QJ2
£286K02/231.71 mi1, Eastcliff, Portishead, Bristol, North Somerset BS20 7AB2

Local Rents

10 rents from £925/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,25003/250.28 mi-2
£1,30012/240.3 miGaunts Close, Portishead, Bristol, BS202
£1,30012/240.48 miBadger Rise, Portishead, Bristol, BS202
£1,35012/240.61 miBrock End, Portishead, Bristol, BS202
£1,20012/240.67 miAvon Way, Portishead, Bristol, BS202
£1,10003/250.69 mi-2
£92503/240.72 miChannel View Crescent, Portishead, North Somerset, BS202
£1,15003/240.76 miLower Down Road, Portishead2
£1,15012/240.92 miWest Hill Court - Portishead2
£1,27512/241.09 miHoneylands, Portishead, Bristol2

Local Area Statistics

Population in BS20

30,042

Population in Bristol

795,432

Town centre distance

8.93 miles away

Nearest school

0.40 miles away

Nearest train station

4.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Listed for £205,000

February 26, 2025

Floor Plans

Description

  • Somerset Road +
  • Portishead +
  • Ground floor apartment +
  • 2 Bedrooms +
  • No chain +
  • Garage +
  • Leasehold +
  • EPC - TBC +

An elevated 2 bedroom ground floor apartment situated on Somerset Road, with a garage and sold with no onward chain.

Overview

This light and airy apartment has a large open plan kitchen/dining/living room with dual aspect view. The kitchen has space for free standing appliances looking out to the front. There are two bedrooms, the master with fitted wardrobes and there is a 3 piece family bathroom suite with shower over bath. Located off the hallway are two storage cupboards.

Outside

Outside there is plenty of communal space to sit out and potter. The areas are all maintained and paid through your management charge. This flat it particular comes with its own garage.

Location

Situated in an elevated position on Somerset Road, which is located just off the popular Nore Road. Provides easy driving access to both Portishead High Street and Clevedon. Also you can enjoy lovely coastal walks between the two towns. The stunning Windmill Pub is located about a 10 minute walk away.

We think...

This will be appeal to a wide range of buyers, first time buyers looking to get on the housing ladder, those looking to downsize as the garage will come in very handy or buy to let investors.

Material information (provided by owner)

Leasehold. Management charge is £1,740 per year. The ground rent is calculated into the management fee and the Council Tax Band is B. The Lease started at 999 years from 1976.

Agent Details

Ocean, Portishead

01275 402899

Next Steps?

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