Flat 2, 21 Ashley Road, Montpelier, Bristol

Description

A ground floor studio flat. The property forms part of an attractive converted building with communal gardens. In need of refurbishment. Vacant.

Accommodation

Ground Floor - Entrance Hallway, Studio Room, Kitchen, Bathroom/WC.

Location

Located on the north side of Ashley Road, close to the turning for Brigstock Road. Amenities are accessible along Cheltenham Road, Stokes Croft and Cabot Circus with Bristol city centre approximately 0.9 miles. Recreational amenities of Montpelier Park, Albany Green and St Andrew’s Park are close by. Transport Montpelier - GWR.

Tenure / Property Information

Investment Analysis

The supplied completed sales are for 23 Ashley Road rather than Flat 2, 21 Ashley Road, and provide no comparable size, condition, date-current valuation or layout detail. The 2019 sale at £237,500 is therefore insufficient to establish a reliable GDV for this studio. The £1,000 pcm figure is an advertised asking rent for studios/apartments in Montpelier, not an achieved or property-specific rent.

Investment Snapshot

Strategy Recommendation

Proceed only subject to survey, legal-pack review, confirmation of lease terms and a fully priced refurbishment. Treat the £1,000 pcm rent as an asking-rent indication only; do not bid on the apparent headline yield without establishing total costs.

Works Required

Refurbishment is required, but the evidence does not specify the condition, defects, services or scope of works. A survey and legal-pack review are required before budgeting.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed because no supported GDV, refurbishment budget, leasehold running costs or total acquisition costs are available. The proposed new 990-year lease is positive in principle, but its terms and costs require legal-pack confirmation.

Buy-to-Let Analysis

The £1,000 pcm advertised asking rent implies £12,000 annual gross rent and a headline 14.12% yield against the £85,000 guide only. This excludes the unspecified buyer fee, VAT or seller charges, refurbishment, service charges, ground rent, finance, voids and operating costs. A reliable net yield cannot be established.

Flip Analysis

A flip surplus cannot be calculated. The available £237,500 sale was for a different property and is not a reliable GDV benchmark for this studio; works, acquisition costs and selling costs are also unsupported.

Investor Risks & Due Diligence

• Refurbishment scope and cost are unspecified.

• Buyer premium, VAT and potential seller charges are not quantified.

• The rental evidence is an advertised asking rent rather than achieved rent and is not property-specific.

• The sold comparables relate to 23 Ashley Road, not the subject flat, and are historic.

• Lease terms, service charges, ground rent and other leasehold liabilities require legal-pack confirmation.

• No EPC, council-tax or parking information is supplied.

Recommendation

Proceed only subject to survey, legal-pack review, confirmation of lease terms and a fully priced refurbishment. Treat the £1,000 pcm rent as an asking-rent indication only; do not bid on the apparent headline yield without establishing total costs.

Strategy Rating

Analysis Confidence

The guide, tenure, vacancy, accommodation and one local asking-rent indication are supplied, but there is no property-specific valuation, works budget, fee schedule, EPC, service-charge information or detailed legal-pack evidence.