116 Portview Road, Avonmouth, Bristol

Description

Leasehold mid terraced bay fronted period property, recently modernised, arranged over three floors with an enclosed rear garden. Sold with vacant possession.

Accommodation

Accommodation of 1,143 sq ft arranged over three floors comprising entrance hall, reception and kitchen diner on the ground floor; 3 bedrooms and family bathroom on the first floor; and bedroom 4 in the converted attic. Enclosed garden to the rear.

Location

Located in the busy port town of Avonmouth, Bristol, less than 8 miles from Bristol city centre. The M49 and M5 motorway links are less than 1 mile away, with access to the M4 in less than 8 miles. Avonmouth has local train links to the city and is near Avonmouth Docks and The Royal Portbury Dock.

Tenure / Property Information

Investment Analysis

The strongest evidence is the completed sale of the same property at £240,000 on 12 December 2024. The £250,000+ guide is £10,000 above that transaction, so £240,000 is used as the base GDV. The auctioneer rent estimate of £1,600–£1,800 pcm implies potentially attractive gross income, but it is an estimate rather than achieved rent. No reliable low/high GDV range or refurbishment budget is supported by the evidence.

Investment Snapshot

Strategy Recommendation

Potentially suitable for income-led ownership if the £1,600–£1,800 pcm rent estimate is independently validated, but the guide is above the latest same-property completed sale. Proceed only with careful price discipline and leasehold due diligence.

Works Required

No specific refurbishment works are evidenced; the property is described as recently modernised. A survey and inspection should establish whether any works are required, including the implications of the EPC E rating, but no unsupported allowance has been included.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £250,000 guide, the stated buyer premium adds £1,800, before any refurbishment, finance or other costs. A 75% refinance of the £240,000 base GDV is £180,000. Cash-left-in cannot be calculated reliably because no refurbishment allowance, finance costs or leasehold charges are supplied.

Buy-to-Let Analysis

Using the midpoint auctioneer rent estimate of £1,700 pcm, annual gross rent is £20,400 and gross yield on the £250,000 guide is approximately 8.16%. The stated range is approximately 7.68%–8.64%. This excludes finance, management, maintenance, voids, insurance, leasehold charges, tax and other operating costs. The rent is an estimate, not passing rent.

Flip Analysis

The £240,000 base GDV is below the £250,000 guide before the £1,800 buyer premium and any selling, finance or works costs. On the supplied evidence, a profitable flip is not demonstrated and no supported flip surplus can be calculated.

Investor Risks & Due Diligence

• The £250,000+ guide exceeds the latest recorded same-property sale price of £240,000.

• The £1,600–£1,800 pcm rent is an auctioneer estimate rather than achieved or passing rent.

• The property is leasehold and no ground rent, service charge or other leasehold liabilities are supplied.

• The property has an EPC rating of E.

• No detailed condition report, refurbishment budget or parking information is supplied.

Recommendation

Potentially suitable for income-led ownership if the £1,600–£1,800 pcm rent estimate is independently validated, but the guide is above the latest same-property completed sale. Proceed only with careful price discipline and leasehold due diligence.

Strategy Rating

Analysis Confidence

An exact same-property completed sale and an auctioneer rent estimate are available, but there is no verified achieved rent, refurbishment budget, leasehold cost information, full acquisition-cost schedule or supported GDV range.