King Square Avenue, Stokes Croft, Bristol, BS2 8HU

Description

The property is located on the edge of Stokes Croft, with access to Bristol City Centre, Cabot Circus, Gloucester Road, major motorways, rail links via Montpelier train station and local amenities.

Location

Located on the edge of Stokes Croft. Cabot Circus is across the road, and Bristol Bus Station, Bristol University and Bristol Royal Infirmary are a short walk away. Montpelier train station provides rail links.

Tenure / Property Information

Investment Analysis

Current market value cannot be established. The only supplied comparable is 12 King Square Avenue at £160,000, completed on 27 September 2004, and is therefore historic and not a reliable current valuation. No guide price, accommodation, property type or condition is provided.

Strategy Recommendation

Do not bid on the current evidence. Obtain the guide price, full lease, accommodation and condition details, planning/use confirmation, current valuation evidence and property-specific rental evidence before considering acquisition.

Works Required

No works can be specified because the evidence contains no condition, accommodation or defect information.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR analysis is not supportable because there is no current value, purchase price, confirmed rent, refurbishment scope or property specification. The long lease's permitted A1, A2, A3 and B1 uses should be legally verified before relying on any investment strategy.

Buy-to-Let Analysis

BTL viability cannot be assessed. The supplied £520 pcm figure is a generic advertised Bristol rental listing and is not confirmed for this property. No property-specific accommodation, condition, purchase price or operating costs are provided.

Flip Analysis

A flip appraisal cannot be completed. There is no guide price, current GDV, accommodation schedule, refurbishment budget or supported selling-cost allowance. The 2004 £160,000 comparable is insufficient for a current resale analysis.

Investor Risks & Due Diligence

• No guide price or current market valuation is supplied.

• The only sale comparable completed in 2004 and may not represent the subject property.

• No accommodation or property type is provided.

• Long-lease permitted uses are only understood and require legal verification.

• The £520 pcm figure is a generic advertised asking rent, not a property-specific achieved or passing rent.

• Buyer premium of £1,800 including VAT applies, while other acquisition costs are not supplied.

• An £6,800 security deposit is required to register to bid and completion is set for eight weeks or earlier by agreement.

Recommendation

Do not bid on the current evidence. Obtain the guide price, full lease, accommodation and condition details, planning/use confirmation, current valuation evidence and property-specific rental evidence before considering acquisition.

Strategy Rating

Analysis Confidence

Evidence is materially incomplete: property type, accommodation, tenure details, occupancy, condition, guide price, current valuation and property-specific rent are unavailable. The sole sale comparable is historic.