17 Chilwood Close, Bristol, Avon, BS37 9US

Description

Freehold two floor semi-detached house requiring updating. By order of a major housing association. The property is understood to be of Airey Construction. The property may be suitable for a rear or loft/mansard conversion for additional accommodation, subject to all consents where necessary.

Accommodation

First floor: three bedrooms, bathroom/WC. Ground floor: entrance hall, reception room, kitchen. Outside: front and rear gardens, parking.

Location

Situated within the cul de sac of Chilwood Close, in the village of Iron Acton and located to the north east of Bristol city centre. Transport options include local bus routes, rail connections via Yate or road links via A432, M4 and M5 motorways.

Tenure / Property Information

Investment Analysis

The supplied completed sales on Chilwood Close range from £215,000 to £325,500. The £215,000 sale provides a lower local reference, while three other sales are between £320,000 and £325,500. No floor areas, internal condition, construction details or sale-condition information are supplied, so comparability is limited. An indicative base GDV of £270,000 is used as a midpoint estimate, with a broad evidence-based range of £215,000 to £325,500. The Airey construction and requirement for updating may materially affect achievable value.

Investment Snapshot

Strategy Recommendation

Do not rely on a BTL or flip appraisal until a survey, Airey construction assessment, detailed works budget and rental evidence are obtained. Proceed only at a price that leaves substantial contingency for the unknown condition and any specialist construction requirements.

Works Required

General updating is required, but the evidence does not specify the extent of works. Any rear or loft/mansard conversion would require appropriate investigation and all necessary consents. The Airey construction should be assessed by suitable professionals before committing to works or finance.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £270,000 base GDV, a 75% refinance is approximately £202,500. Total project cost cannot be calculated because refurbishment costs, finance costs and any additional seller fees are unknown. The Airey construction and uncertain works scope create material refinance and valuation risk.

Buy-to-Let Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is supplied, so rent and gross yield cannot be established. The property is vacant and requires updating, with EPC E. The £1,800 inclusive-of-VAT contract documentation fee is known, but refurbishment and other possible seller fees are not.

Flip Analysis

The local completed-sale evidence supports a broad indicative GDV range of £215,000 to £325,500, with £270,000 used as the base case. A flip surplus cannot be calculated because refurbishment costs, selling costs and other project costs are unsupported. The variation in comparable prices and unknown construction/condition make the GDV uncertain.

Investor Risks & Due Diligence

• Property is understood to be of Airey Construction, requiring appropriate specialist assessment.

• The property requires updating, but the scope and cost of works are not supplied.

• Comparable sale prices vary materially from £215,000 to £325,500 and property size and condition details are unavailable.

• Any rear or loft/mansard conversion is subject to necessary consents.

• No sufficiently specific rental evidence is available, preventing a supported yield assessment.

• Additional seller fees may be payable under the Special Conditions of Sale but are not supplied.

• Heating details and specific parking arrangements are unconfirmed.

Recommendation

Do not rely on a BTL or flip appraisal until a survey, Airey construction assessment, detailed works budget and rental evidence are obtained. Proceed only at a price that leaves substantial contingency for the unknown condition and any specialist construction requirements.

Strategy Rating

Analysis Confidence

There are several nearby completed sales and a known guide price, but no floor areas, detailed condition survey, refurbishment budget, rental evidence, heating details or confirmed parking details. Airey construction further limits comparability and finance certainty.