Flat 4, 3 Saxon Road, St Werburghs, Bristol, BS2 9UQ

Description

A one bedroom first floor flat. The property forms part of a two storey building. In need of modernisation. Vacant.

Accommodation

Ground Floor - Entrance Hallway. First Floor - Reception Room, Kitchen, Bedroom, Bathroom/WC.

Location

Located on Saxon Road, close to the turning for Merstham Road. Amenities are available nearby on Mina Road and Eastgate Retail Park with Bristol city centre approximately 1.3 miles. Recreational amenities of Mina Road Park, Narroways Nature Reserve and St Andrew’s Park are all easily accessible. Transport: Stapleton Road - GWR; Bristol Temple Meads - GWR, CrossCountry.

Tenure / Property Information

Investment Analysis

No HM Land Registry completed-sale comparables or sufficiently specific rental evidence were supplied. The £110,000 auction guide is not a formal market valuation. GDV and investment returns cannot be reliably established from the evidence provided.

Investment Snapshot

Strategy Recommendation

Do not commit to a BTL, BRRR or flip strategy until the legal pack, inspection, lease terms, full purchase charges, refurbishment costs, rent and comparable sales evidence have been reviewed.

Works Required

Modernisation is required, but the supplied evidence does not specify the extent of works. Inspect and cost the kitchen, bathroom, decoration, flooring, services and any leasehold or building-related requirements before bidding; these items are not confirmed defects.

Rental & Market Context

Potential BRRR Position

A BRRR assessment is not supportable because the refurbishment budget, achievable rent and post-works GDV are unknown. The new 999-year lease is stated, but the legal pack and any applicable leasehold obligations require review before considering refinance.

Buy-to-Let Analysis

The flat is vacant and no sufficiently specific external rental comparable or auctioneer rent estimate was supplied. Rent, yield and BTL affordability cannot therefore be established. Buyer premium, possible VAT and other charges are also unspecified.

Flip Analysis

A flip appraisal cannot be completed because there are no completed-sale comparables, no supported GDV, no refurbishment allowance and no selling-cost allowance. The guide price alone is insufficient to establish a resale surplus.

Investor Risks & Due Diligence

• Modernisation is required, but the scope and cost are unknown.

• Buyer premium is chargeable but the amount is unspecified.

• VAT may apply and other seller’s charges may apply under the Special Conditions of Sale.

• The legal pack and detailed terms of the new 999-year lease have not been provided.

• No rental evidence was supplied, so achievable rent and yield are unverified.

• Council tax, parking and heating information were not supplied.

Recommendation

Do not commit to a BTL, BRRR or flip strategy until the legal pack, inspection, lease terms, full purchase charges, refurbishment costs, rent and comparable sales evidence have been reviewed.

Strategy Rating

Analysis Confidence

Only basic property description, guide price, tenure, vacancy and general modernisation requirement were supplied. There are no sold comparables, rental evidence, works budget, detailed costs or completed legal-pack information.