6 Newbridge Road, Bristol, Avon, BS4 4DH

Description

A Vacant Two Bedroom Mid Terrace House in Need of Modernisation. The property comprises a two bedroom mid terrace house arranged over ground and first floors. The property requires structural repairs.

Accommodation

Ground Floor: Reception Room, Kitchen. First Floor: Two Bedrooms, Bathroom. Exterior: Rear garden.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Netham Park Pavilion are within easy reach. Transport links are provided by Lawrence Hill rail station.

Tenure / Property Information

Investment Analysis

The only same-road completed sales supplied are historical: £115,000 in 2019 and £96,000 in 2016 for No. 4, plus 2013 sales including No. 6 at £78,000. These are insufficient to establish a current GDV, particularly given the stated structural repairs and need for modernisation. The £100,000+ guide is before fees and should not be treated as market value.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence unless the legal pack, structural assessment, refurbishment budget and current comparable evidence support a sufficiently large margin.

Works Required

Obtain structural assessment and complete the required structural repairs. Modernise the property as supported by the description; the evidence does not specify particular defects, materials or finishes.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR feasibility cannot be established without a current GDV, structural repair budget, rental evidence and full acquisition costs. The known £1,800 administration charge is payable in addition to the purchase price, with possible further special-condition costs.

Buy-to-Let Analysis

A BTL assessment cannot be quantified because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Structural repair costs and additional auction disbursements are also unknown.

Flip Analysis

A flip appraisal cannot be quantified. The supplied completed sales are dated and do not provide a reliable current resale value; structural repairs, modernisation costs and selling costs are unknown.

Investor Risks & Due Diligence

• Stated structural repairs may be substantial and are unquantified.

• The property requires modernisation, but no refurbishment specification or budget is supplied.

• No sufficiently specific rental comparable or passing rent is available.

• Special-condition fees, disbursements and sellers’ legal costs may be payable in addition to the known £1,800 administration charge.

• Supplied comparable sales are historical and cannot establish current market value.

Recommendation

Do not bid on the current evidence unless the legal pack, structural assessment, refurbishment budget and current comparable evidence support a sufficiently large margin.

Strategy Rating

Analysis Confidence

No current GDV evidence, rental evidence or quantified structural/refurbishment costs are supplied; additional auction costs are also uncertain.