Flat 3, 23A-25A East Street, Bristol, Avon, BS3 4HH

Description

A two-bedroom flat in Bedminster, Bristol. The accommodation comprises a living room, kitchen, two bedrooms and a bathroom. Close to local amenities, the property would make a good investment opportunity.

Accommodation

Living Room: 5.33m x 3.57m; Kitchen: 3.15m x 2.03m; Bedroom One: 3.42m x 2.40m; Bedroom Two: 3.49m x 2.34m; Bathroom: 2.41m x 1.88m

Location

Bedminster, Bristol; close to local amenities.

Tenure / Property Information

Investment Analysis

The strongest evidence is a completed sale of the same address for £200,000 on 7 July 2023, which supports a base GDV of £200,000 but is not a current formal valuation. The £310,000 sale at 21A East Street from 2021 is a less specific and older comparison, so it is treated only as an upper scenario indicator. The £200,000 guide is therefore broadly aligned with the strongest available comparable evidence, before buyer premium, admin charge, other disbursements and any works.

Investment Snapshot

Strategy Recommendation

Do not bid on current evidence alone. Obtain the lease, legal pack, condition information, current rental evidence and all special-condition charges before considering a purchase at or near the £200,000 guide.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow for inspection and any legally or safety-required works identified before exchange; no works budget can be supported from the supplied information.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At a £200,000 base GDV, 75% refinance proceeds would be approximately £150,000. This is below the £200,000 guide before the known £2,400 buyer and admin charges, with any works and other costs still additional. BRRR therefore appears cash-intensive and cannot be fully assessed without rent, lease, condition and total project-cost evidence.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is provided. The £1,200 buyer premium and £1,200 admin charge add £2,400 before any special-condition charges, finance, tax, lease costs or works.

Flip Analysis

A £200,000 resale assumption is supported by the same-address 2023 completed sale, but there is no supported refurbishment budget or selling-cost allowance. The £310,000 comparison is older and for a different flat, so it should not be relied on as a base exit value. Flip surplus cannot be calculated reliably.

Investor Risks & Due Diligence

• No sufficiently specific rental evidence, so rent and yield cannot be established.

• Lease length, ground rent, service charge and other lease terms are not supplied.

• The £1,200 buyer premium and £1,200 admin charge are payable, with possible additional special-condition disbursements.

• No condition survey or refurbishment budget is provided.

• The £310,000 comparison is from 2021 and relates to a different flat, making it a weak upper-value indicator.

• The 2023 same-address sale at £200,000 does not establish a current formal market value.

Recommendation

Do not bid on current evidence alone. Obtain the lease, legal pack, condition information, current rental evidence and all special-condition charges before considering a purchase at or near the £200,000 guide.

Strategy Rating

Analysis Confidence

There is a strong same-address completed sale, but current rent, lease details, occupancy, condition, refurbishment costs, total auction charges and selling costs are unavailable.