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£450,000
Bedrooms
Bathrooms
Located on the sought-after Somerset Road, this three-bedroom period property offers a fantastic opportunity for those looking to create a bespoke home. Requiring complete refurbishment throughout, the property boasts generous accommodation arranged over three floors.
The hall floor features a charming bay-fronted sitting room and a spacious kitchen/dining room, ideal for modern family living. On the first floor, youll find three bedrooms and a WC, while the lower ground floor offers a bathroom, utility area, and access to a large basement, which holds excellent potential for conversion (subject to the necessary local authority consents).
Externally, the property benefits from a good-sized rear garden, providing a private outdoor space with plenty of scope for landscaping or extension, subject to planning.
This is a rare opportunity to acquire a characterful home in a prime location, with plenty of potential to add value.
Conveniently located within a short walk of Wells Road where you will find an abundance of local amenities including Fox and West Deli, Acapella, Southside Bar and Bruhaha Bar serving local craft beers, and on the door step of the beautiful Arnos Court Park and Arnos Vale Cemetery which is a site of culture, history and nature, with 45 acres of green space within the heart of Bristol. There is a choice of great parks on your doorstep providing a great escape from the hustle & bustle of the city and the highly regarded Knowle Pub is a short walk away, a popular community hub for friends & neighbours to get together for a Sunday Lunch.
Living Room - 4.73 into bay x 3.28 into recess (156' into bay x -
Kitchen/Diner - 4.63 max x 3.88 (152' max x 128') -
Bathroom -
Bedroom One - 4.60 into bay x 3.24 max (151' into bay x 107' -
Bedroom Three - 2.95 x 1.88 (98' x 62') -
Bedroom Two - 3.87 into recess x 3.02 (128' into recess x 910' -
Upstairs W/C - 2.07 x 1.68 (69' x 56') -
Basement Room One - 4.51 into bay x 2.97 max (149' into bay x 98' ma -
Basement Room Two - 3.75 x 1.76 (123' x 59') -
Tenure - Freehold -
Council Tax Band - B -
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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