6 Stretford Avenue, St George, Bristol, BS5 7AN

Description

Three-bedroom end-of-terraced house in need of refurbishment near St George's Park. The property requires full refurbishment throughout and is situated in St George, East Bristol.

Accommodation

Please refer to floorplan for approximate room measurements and internal layout.

Location

Situated on Stretford Avenue in the popular residential area of St George, East Bristol. St George Park is a short walk away. Nearby amenities include shops, cafés, schools and Church Road, with regular bus services and road links to the A4 and wider motorway network.

Tenure / Property Information

Investment Analysis

The strongest evidence is the same-street sale of No. 4 at £425,000 in November 2023, described as terraced and freehold. This supports a provisional £425,000 base GDV for the subject, but the evidence does not establish the subject's size, specification, tenure or post-refurbishment condition. Older same-street sales are materially lower and are less relevant. A reliable low/high GDV range cannot be established from the supplied evidence.

Investment Snapshot

Strategy Recommendation

Conditional refurbishment-led investment only. Obtain and review the legal pack, confirm tenure, inspect the property and price the full refurbishment before bidding. Do not rely on the provisional GDV or asking-rent yield alone.

Works Required

Full refurbishment throughout, as stated by the auctioneer. The specific works, specification and budget cannot be confirmed without the legal pack, inspection and further property details.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the provisional £425,000 GDV, 75% refinance is £318,750. BRRR viability cannot be assessed because the full refurbishment budget, total acquisition cost, valuation assumptions and finance costs are unavailable. The buyer premium of £2,280 is known, but the £5,000 bidding deposit hold is a payment mechanism rather than an additional project cost on the supplied evidence.

Buy-to-Let Analysis

The supplied advertised asking rent is £1,295 pcm, equivalent to £15,540 annually. Against the £185,000 guide, this indicates an arithmetic gross yield of approximately 8.4%. However, the rent is only an advertised asking rent, and refurbishment cost, purchase costs beyond the £2,280 buyer premium, finance costs and operating costs are not supplied, so the net or total-cost yield cannot be established.

Flip Analysis

A same-street 2023 sale supports a provisional £425,000 GDV, but the refurbishment cost and any supported selling allowance are unavailable. Therefore, the flip surplus and maximum viable purchase price cannot be calculated reliably.

Investor Risks & Due Diligence

• The property is stated to require full refurbishment, but no quantified works budget or detailed condition report is supplied.

• Tenure and other legal details must be confirmed from the auction legal pack.

• The £1,295 pcm figure is an advertised asking rent, not an achieved or passing rent.

• The provisional GDV relies principally on one same-street 2023 sale and may not reflect the subject property's size, layout or finished specification.

• The £2,280 buyer premium is payable on exchange, and the auction requires a £5,000 bidding deposit hold with subsequent transfer requirements.

Recommendation

Conditional refurbishment-led investment only. Obtain and review the legal pack, confirm tenure, inspect the property and price the full refurbishment before bidding. Do not rely on the provisional GDV or asking-rent yield alone.

Strategy Rating

Analysis Confidence

There is one relatively recent same-street comparable and one advertised rental listing, but tenure, dimensions, detailed condition, refurbishment cost, total fees and finance assumptions are missing.