10, Mary Street, Redfield, Bristol, BS5 9FH

Description

Three-bedroom maisonette measuring approximately 966 sq ft, arranged over two floors, with a generous living room, fitted kitchen, bathroom and three double bedrooms. Currently let at £1,650 per calendar month (£19,800 per annum).

Accommodation

Generous living room, fitted kitchen, bathroom and three double bedrooms. Please refer to the floorplan for approximate room measurements and internal layout.

Location

Situated in Redfield, close to Church Road and its shops, cafés, restaurants and everyday amenities. Convenient access to Bristol city centre and surrounding areas, with local bus services and nearby railway connections. St George Park, local schools, leisure facilities and open spaces are also within easy reach.

Tenure / Property Information

Investment Analysis

Completed-sale evidence is limited and variable. Relevant comparables range from £228,000 at 8 Mary Street in July 2024 to £250,000 and £325,000 for 12 Mary Street in May and June 2026. The two 2026 sales for the same address are materially inconsistent, so a base GDV of £250,000 is used, with £228,000 low and £325,000 high scenarios. The subject’s exact condition, lease terms and specification have not been provided.

Investment Snapshot

Strategy Recommendation

Consider as a rental-led acquisition only if the existing tenancy, lease terms, property condition and all leasehold costs are satisfactory. Do not rely on the £325,000 comparable or bid without confirming the legal pack and total costs.

Works Required

No specific works are evidenced. Verify condition, statutory compliance, tenancy obligations and any required repairs through inspection and the legal pack before budgeting refurbishment.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £250,000 base GDV, 75% refinancing would be approximately £187,500. However, refurbishment costs, finance costs and the full acquisition cost are unknown, so cash left in and equity cannot be reliably calculated. Lease length, ground rent, service charge and lender acceptability require legal-pack confirmation.

Buy-to-Let Analysis

The existing rent of £1,650 pcm produces £19,800 per annum and a headline gross yield of approximately 10.70% against the £185,000 guide. This is before finance, management, maintenance, insurance, leasehold charges, taxation and voids. A full net yield cannot be established because service charges, ground rent, other fees and tenancy details are unavailable.

Flip Analysis

A potential resale value range of £228,000 to £325,000 is indicated by the supplied completed sales, but the evidence is inconsistent and not fully comparable. A flip surplus cannot be calculated because works, finance, selling and total acquisition costs are unsupported.

Investor Risks & Due Diligence

• Lease length, ground rent, service charge, restrictions and other lease terms are unknown pending review of the legal pack.

• Existing tenancy terms, deposit protection, compliance documentation and vacant-possession position are not supplied.

• Property condition and any required capital expenditure are unknown.

• The two 2026 sales for 12 Mary Street differ by £75,000, creating substantial GDV uncertainty.

• Council tax, parking, heating, admin charges and other acquisition or holding costs are not supplied.

Recommendation

Consider as a rental-led acquisition only if the existing tenancy, lease terms, property condition and all leasehold costs are satisfactory. Do not rely on the £325,000 comparable or bid without confirming the legal pack and total costs.

Strategy Rating

Analysis Confidence

The current rent and guide are clear, but there are no specific rental comparables, no condition or works evidence, incomplete leasehold and fee information, and materially inconsistent nearby completed-sale evidence.