3 Bed Semi-Detached House, Refurb/BRRR, Bristol, BS16 4HS, £300,000

Gorse Hill, BRISTOL, BS16 4HS - 1 views - a month ago

BTL
Refurb/BRRR
ROI: 4%
~93 m²
+11 photos

ValuationFair Value

Sold Prices£230K - £560K
Sold Prices/m²£2.4K/m² - £6.7K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£305,778

 

 

End Value (After Refurb)

£296,911

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£37,686

Bridging Loan Interest

£7,875

Total Cash In

£141,011

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£296,911

Mortgage (After Refinance)

£222,683

Mortgage LTV

75%

Cash Left In

£141,011

Equity

£74,228

Rent Range

£1,300 - £3,260

Rent Estimate

£1,748

Running Costs/mo

£1,297

Cashflow/mo

£451

Cashflow/yr

£5,407

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £230K to £560K, average is £306.8K. £2.4K/m² to £6.7K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£260K12/210.05 mi12, Rose Walk, Bristol, City Of Bristol BS16 4JN3
£280K12/200.06 mi53, Hillfields Avenue, Bristol, City Of Bristol BS16 4JP3
£354K01/230.06 mi2, Rose Walk, Bristol, City Of Bristol BS16 4JN3
£360K01/230.07 mi50, The Greenway, Bristol, City Of Bristol BS16 4HT3
£329.3K02/230.09 mi18, Briar Walk, Bristol, City Of Bristol BS16 4JJ3
£250K02/230.13 mi120, Marshfield Road, Bristol, City Of Bristol BS16 4JG3
£360K12/220.14 mi62, Briar Way, Bristol, City Of Bristol BS16 4JH3
£250K11/210.18 mi4, Market Square, Bristol, City Of Bristol BS16 4LE3
£230K01/210.18 mi31, Summerleaze, Bristol, City Of Bristol BS16 4HD3
£279.9K02/230.2 mi28, Portland Street, Staple Hill, Bristol, South Gloucestershire BS16 4PT3
£300K01/230.21 mi18, Frampton Crescent, Bristol, City Of Bristol BS16 4JA3
£280K02/230.21 mi13, Frampton Crescent, Bristol, City Of Bristol BS16 4JA3
£371.2K06/230.21 mi59, Frampton Crescent, Bristol, City Of Bristol BS16 4JD3
£258.6K11/200.24 mi56, Hayward Road, Staple Hill, Bristol, South Gloucestershire BS16 4NZ3
£324K02/230.28 mi54, Beechen Drive, Bristol, City Of Bristol BS16 4BY3
£275K02/210.28 mi32, Hayward Road, Staple Hill, Bristol, South Gloucestershire BS16 4NY3
£253K12/200.28 mi3, Woodland Avenue, Bristol, South Gloucestershire BS15 1PZ3
£465K03/230.29 mi16, Railway Terrace, Bristol, City Of Bristol BS16 4LP3
£237.5K12/200.31 mi90, Soundwell Road, Bristol, Avon BS16 4RB3
£359K01/230.31 mi121, Woodland Way, Bristol, South Gloucestershire BS15 1PY3
£235K07/210.31 mi115, Woodland Way, Bristol, City Of Bristol BS15 1PY3
£280K09/210.31 mi18, St Bedes Road, Bristol, City Of Bristol BS15 1QA3
£255K06/210.31 mi24, St Bedes Road, Bristol, City Of Bristol BS15 1QA3
£351K06/230.32 mi21, Southernhay, Staple Hill, Bristol, South Gloucestershire BS16 4LS3
£270K03/210.33 mi165d, Soundwell Road, Bristol, South Gloucestershire BS16 4RS3
£355K03/210.33 mi8, Clifford Road, Bristol, City Of Bristol BS16 4LR3
£340K03/210.33 mi18, Clifford Road, Bristol, City Of Bristol BS16 4LR3
£365K03/210.33 mi2, Clifford Road, Bristol, City Of Bristol BS16 4LR3
£410K02/230.33 mi5, Clifford Road, Bristol, City Of Bristol BS16 4LR3
£300K07/230.33 mi165d, Soundwell Road, Bristol, South Gloucestershire BS16 4RS3
£292K06/230.34 mi5, Ledbury Road, Bristol, City Of Bristol BS16 4AE3
£317.5K12/220.35 mi55, Clare Road, Kingswood, Bristol, City Of Bristol BS15 1PL3
£295K06/210.35 mi11, Henshaw Walk, Bristol, City Of Bristol BS15 1QG3
£341K02/210.35 mi22, Thicket Road, Bristol, City Of Bristol BS16 4LN3
£312K03/230.35 mi8, The Wickets, Kingswood, Bristol, South Gloucestershire BS15 1PU3
£260K02/210.36 mi6, Heathcote Road, Fishponds, Bristol, City Of Bristol BS16 4DP3
£385K06/210.36 mi25a, Lower Station Road, Staple Hill, Bristol, South Gloucestershire BS16 4LT3
£265.6K12/210.37 mi11, Woodland Way, Bristol, City Of Bristol BS15 1QL3
£270K11/200.37 mi52, Clare Road, Kingswood, Bristol, City Of Bristol BS15 1PJ3
£279.9K10/210.37 mi12, Clare Road, Kingswood, Bristol, City Of Bristol BS15 1PJ3
£315K06/210.37 mi5, Broadoak Walk, Bristol, City Of Bristol BS16 4AX3
£393.5K02/230.37 mi20, Idstone Road, Bristol, City Of Bristol BS16 3XG3
£340K08/230.37 mi5, Tredegar Road, Bristol, City Of Bristol BS16 4BS3
£560K04/230.37 mi27, Idstone Road, Bristol, City Of Bristol BS16 3XG3
£347K01/230.38 mi16, Woodcote Walk, Bristol, City Of Bristol BS16 4DD3
£290K03/230.38 mi3, Lodge Hill, Bristol, City Of Bristol BS15 1LL3
£420K10/210.38 mi4, Millward Grove, Bristol, City Of Bristol BS16 5AJ3
£301.5K04/230.4 mi22, Lewington Road, Bristol, City Of Bristol BS16 4AA3
£363K06/210.4 mi4, Forest Avenue, Bristol, City Of Bristol BS16 4BT3
£340K03/230.41 mi237, Forest Road, Fishponds, Bristol, City Of Bristol BS16 3QX3

Local Rents

27 rents from £1.3K/mo to £3.3K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,40012/240.21 miBriar Way- Fishponds3
£1,45002/240.29 mi-3
£1,30002/250.32 mi-3
£1,65012/240.33 mi-3
£1,57512/230.35 mi-3
£1,57502/240.35 mi-3
£1,55003/240.37 miClare Road, Kingswood3
£1,57503/250.42 mi-3
£1,60012/240.42 miForest Road, Fishponds, Bristol3
£2,55003/240.43 miFilwood Road, Fishponds, Bristol, BS163
£1,65004/250.43 mi-3
£1,60003/240.43 miSoundwell Road, Staple Hill3
£1,55012/240.44 miPendennis Road, Staple Hill, Bristol3
£1,60011/240.45 mi-3
£1,50003/240.47 miAlexandra Place3
£2,50002/240.47 mi-3
£1,42512/240.5 miCogan Road, Staple Hill, Bristol, BS16 4SX3
£1,40003/240.53 miSeymour Road, Staple Hill3
£1,67503/240.54 miPembroke Road, Kingswood, Bristol3
£2,66012/240.54 miStaple Hill Road, Fishponds, Bristol, BS163
£1,75004/250.54 mi-3
£1,60003/240.56 miWrenbert Road, Bristol, BS163
£3,26002/240.57 mi-3
£1,65012/240.58 mi-3
£1,70004/240.59 miDownend Road- Kingswood3
£1,75004/240.6 miDownend Road, Kingswood, Bristol3
£1,60003/240.6 miSpring Hill, Kingswood3

Local Area Statistics

Population in BS16

75,691

Population in Bristol

795,432

Town centre distance

3.24 miles away

Nearest school

0.20 miles away

Nearest train station

2.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Listed for £300,000

March 17, 2025

Floor Plans

Description

  • 3 bedroom semi detached home +
  • Need of modernisation +
  • Ample off street parking +
  • Sizeable rear garden +
  • Loft room +
  • EPC - D +
  • Floor area - 78 square metres +

In need of modernisation this 3 bedroom semi detached home comes with a sizeable rear garden and ample off street parking to the front.

Overview

An ideal opportunity to move into a well established part of BS16 is this 3 bedroom semi detached home in need of modernisation and would make the ideal first time purchase or buy to let investment.

Upon entering the home via the entrance porch you are welcomed in to the hall which will lead you through the entire ground floor which consists of a dual aspect lounge, dining room and a kitchen located at the back of the home giving access on to the rear garden.

As you make your way up to the first floor you will find 3 bedrooms and a family bathroom. Additionally from here you will also find access from an open stair case in to the loft room that has previously been used as an office space

Outside

Externally and to the front this home comes with off street parking for up to 3 vehicles and side access. The sizeable rear garden is mainly laid to lawn with a small area laid to patio.

Location

Situated in Hillfields, Fishponds this property benefits from bordering the Bristol to Bath Cycle path as well as being in close proximity to the Bristol Ring Road and M32 motorway. This property is also nearby to both the Staple Hill and Downend High Streets.

Material information (provided by owner)

Tenure - Freehold
Council tax band - B

Agent Details

Ocean, Downend

0117 463 0331

Next Steps?

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