2 Bed Terraced House, Single Let, Bristol, BS20 7PE, £250,000

Merchant Square, Portishead, BS20 7PE - a month ago

Leasehold
BTL
ROI: 1%
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£162.5K - £470K
Sold Prices/m²£2.9K/m² - £7.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£309,022
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£13,700

Total Cash In

£76,200

 

 

Cash Out

 

Rent Range

£1,050 - £1,650

Rent Estimate

£1,100

Running Costs/mo

£1,021

Cashflow/mo

£79

Cashflow/yr

£945

ROI

1%

Gross Yield

5%

Local Sold Prices

37 sold prices from £162.5K to £470K, average is £283K. £2.9K/m² to £7.3K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£275K09/210.14 mi61, Lower Burlington Road, Portishead, Bristol, North Somerset BS20 7BP2
£470K04/210.21 mi42, Lockside, Portishead, Bristol, North Somerset BS20 7AE2
£325K01/230.23 mi23, Eastcliff, Portishead, Bristol, North Somerset BS20 7AB2
£300K10/210.24 mi7, Turnstone Avenue, Portishead, Bristol, North Somerset BS20 7NS2
£295K02/210.24 mi31, Eastcliff, Portishead, Bristol, North Somerset BS20 7AB2
£270K04/210.25 mi140, Forth Avenue, Portishead, Bristol, North Somerset BS20 7NY2
£292K09/210.26 mi6, Whimbrel Avenue, Portishead, Bristol, North Somerset BS20 7PA2
£296K03/230.31 mi6, Lundy Gate, Portishead, Bristol, North Somerset BS20 7GS2
£297.5K07/210.31 mi8, Sanderling Place, Portishead, Bristol, North Somerset BS20 7NW2
£300K04/230.31 mi101, Eastcliff, Portishead, Bristol, North Somerset BS20 7AD2
£335K07/230.33 mi11, Shannon Walk, Portishead, Bristol, North Somerset BS20 7GW2
£232K11/200.37 mi12, Tansy Lane, Portishead, Bristol, North Somerset BS20 7JL2
£255K12/200.39 mi23, Peartree Field, Portishead, Bristol, North Somerset BS20 7LE2
£258K10/200.39 mi9, Peartree Field, Portishead, Bristol, North Somerset BS20 7LE2
£162.5K08/230.43 mi6, Clockhouse Mews, Portishead, Bristol, North Somerset BS20 7HS2
£300K10/220.43 mi38, Galingale Way, Portishead, Bristol, North Somerset BS20 7LU2
£270K08/230.44 mi26, Galingale Way, Portishead, Bristol, North Somerset BS20 7LU2
£322K12/220.46 mi29, Goldcrest Way, Portishead, Bristol, North Somerset BS20 7ND2
£265K02/210.54 mi9, Wagtail Crescent, Portishead, Bristol, North Somerset BS20 7PY2
£415K10/230.56 mi69, Brampton Way, Portishead, Bristol, North Somerset BS20 6YT2
£257K01/210.58 mi36, Lambourne Way, Portishead, Bristol, North Somerset BS20 7LQ2
£250K11/200.61 mi19, Aelfric Meadow, Portishead, Bristol, North Somerset BS20 7LB2
£318K08/230.66 mi14, Jacobs Meadow, Portishead, Bristol, North Somerset BS20 7LN2
£275K10/210.66 mi17, Jacobs Meadow, Portishead, Bristol, North Somerset BS20 7LN2
£257K05/210.66 mi41, Jacobs Meadow, Portishead, Bristol, North Somerset BS20 7LN2
£259K04/210.66 mi39, Jacobs Meadow, Portishead, Bristol, North Somerset BS20 7LN2
£285K01/210.7 mi93, Heron Gardens, Portishead, Bristol, North Somerset BS20 7BN2
£301.3K07/230.7 mi93, Heron Gardens, Portishead, Bristol, North Somerset BS20 7BN2
£285K06/210.72 mi22, Heron Gardens, Portishead, Bristol, North Somerset BS20 7DH2
£399.9K03/210.72 mi55b, Heron Gardens, Portishead, Bristol, North Somerset BS20 7DH2
£260K02/230.74 mi49a, West Hill, Portishead, Bristol, North Somerset BS20 6LG2
£283K09/210.8 mi6, Clarence Gardens, Portishead, Bristol, North Somerset BS20 6BN2
£211K12/220.8 mi27, Portland Drive, Portishead, Bristol, North Somerset BS20 6YQ2
£330K01/210.8 mi7, Court Close, Portishead, Bristol, North Somerset BS20 6UX2
£245K08/210.8 mi39, Portland Drive, Portishead, Bristol, North Somerset BS20 6YQ2
£280K07/230.88 mi9, The Paddock, Portishead, Bristol, North Somerset BS20 6QX2
£278K07/230.88 mi18, The Paddock, Portishead, Bristol, North Somerset BS20 6QX2

Local Rents

37 rents from £1.1K/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25012/240.03 miMerchant Square - Portishead2
£1,20004/240.05 miNewfoundland Way, Portishead, North Somerset, BS202
£1,20012/240.05 miNewfoundland Way, Portishead, North Somerset, BS202
£1,25003/250.06 mi-2
£1,30002/250.06 mi-2
£1,40003/250.06 mi-2
£1,09012/240.1 miEstuary House, Lower Burlington Road, Portishead, BS202
£1,20003/240.13 miNavigators Court - Portishead Marina2
£1,20012/240.13 miCentre Quay, Lower Burlington Road, Portishead, North Somerset, BS202
£1,20012/240.17 miWaters Edge, Port Marine, Portishead, BS202
£1,30003/240.18 miForth Avenue, Portishead, Bristol, Somerset, BS202
£1,65012/240.21 miLockside, Portishead, North Somerset, BS202
£1,20003/240.22 miGuillemot Road, Portishead2
£1,25012/240.22 miGuillemot Road, Portishead2
£1,35012/240.23 miKeel Avenue, Portishead, Bristol, BS202
£1,15003/240.23 miBPC02202 Pennant Place, Bristol2
£1,20012/240.23 mi-2
£1,25001/250.23 mi-2
£1,15012/240.24 miGuillemot Road, Portishead, North Somerset, BS202
£1,30003/240.24 miEastcliff - Portishead Marina2
£1,25012/240.25 miForth Avenue - Portishead2
£1,50012/240.25 miBurlington Road, Portishead, BS202
£1,37512/240.25 miNewfoundland Way, Portishead, Bristol, Somerset, BS202
£1,25012/240.27 miWoodacre, Portishead, Bristol, BS202
£1,29503/240.3 miNewfoundland Way - Portishead Marina2
£1,45012/240.3 miNewfoundland Way, Portishead2
£1,29503/240.3 miNewfoundland Way - Portishead Marina2
£1,20012/240.32 mi-2
£1,20012/240.32 miSouth Road, Portishead, Bristol, BS202
£1,10003/240.32 miSouth Road, Portishead, Bristol, BS202
£1,15003/240.32 miKittiwake Drive, Portishead, North Somerset, BS202
£1,20003/240.33 miWoodacre (The Edge), Port Marine, Portishead, North Somerset, BS202
£1,30003/240.36 miKittiwake Drive, Portishead, BRISTOL2
£1,27512/240.36 miEastcliff - Portishead Marina2
£1,30003/240.38 miCamomile Walk, Portishead2
£1,10012/240.41 miHigh Street, Portishead, Bristol2
£1,05012/240.62 miHigh Street, Portishead, Bristol, Somerset, BS202

Local Area Statistics

Population in BS20

30,042

Population in Bristol

795,432

Town centre distance

7.40 miles away

Nearest school

0.20 miles away

Nearest train station

2.73 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Listed for £250,000

February 27, 2025

Floor Plans

Description

  • Merchant Square +
  • Portishead +
  • Top floor apartment +
  • 2 Bedrooms +
  • Large terrace +
  • Doorstep of Marina +
  • Allocated parking space +
  • Leasehold +
  • No chain +
  • EPC - C +

A well presented 2 bedroom top floor apartment situated in Merchant Square on the doorstep of the Marina. With a large roof terrace and sold with no onward chain.

Overview

The apartment is located of the second floor, and is light and airy throughout.
Upon entering, there is a spacious hallway with 2 windows and 2 handy storage cupboards, 2 good size bedrooms and a 3 piece white bathroom suite with shower over bath.
The open plan living area has a dual aspect view, with double doors leading out to the terrace. The separate kitchen is located off the living area, and has integrated oven, hob with space for free standing appliances.

Outside

There is a large 15'4 terrace that overlooks Hall and Woodhouse with a partial view towards the Marina. Perfect for entertaining guests. There is also an allocated parking space.

Location

Situated on the doorstep of the Marina, where there is a variety of shops, cafe's and restaurants. Waitrose is located within a 5 minute walk, and within a 15 minute walk is the High Street.

We think...

This is perfect for those looking who are wanting to enjoy Marina living. The large terrace will get lots of morning and early afternoon sun and is a great place to enterain.

Material information (provided by owner)

Leasehold. Management charge is £1,578 per year. Ground rent charge £350 per year. Lease was set up with a 125 year lease in 2008.

Agent Details

Ocean, Portishead

01275 402899

Next Steps?

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