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Mayville Avenue, Bristol, BS34 - Image 1
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Mayville Avenue, Bristol, BS34

South West

£325,000
Listed on 07/12/2024

Property Details

Bedrooms
3
Type
Terraced house
Area
1032 sqft

Description

This three-bedroom mid-terraced house presents an excellent renovation opportunity in a well-regarded area of Bristol. Its solid structure offers a blank canvas for those looking to invest in a property with significant potential for modernization and personalization. Featuring three comfortable bedrooms, the home is well-suited for families or individuals seeking space. The layout allows for creative reconfiguration, making it easy to tailor the living areas to meet contemporary needs. As an investment, this property could be transformed into a modern dwelling that reflects personal style while simultaneously increasing its market value. Located on Mayville Avenue, the house benefits from proximity to local amenities and transport links, enhancing its desirability for both owner-occupiers and renters. The surrounding area boasts schools, parks, and shopping facilities within walking distance, contributing to its appeal for families and young professionals alike. This property invites visionaries to envision their ideal home through thoughtful renovations. With the right updates and enhancements, it holds promise not only as a comfortable residence but also as a strategic investment in a thriving community.

Investment Analysis

(BS34 area)

Below Market Value

This property is priced -16.2% below area average per sq ft

-16.2%
Potential saving
This Property
£315/sq ft
Area Average
£376/sq ft
Avg Rent (weekly)
£563
Avg Yield
8.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£426,665
10% above area average per sq ft
Potential ROI
+16.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (BS34)

Area prices are stable by +0.5% over the last 12 months
3 year growth: 3.6%
5 year growth: 17.3%
Investment Disclaimer: Analysis based on BS34 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Mayville Avenue, Bristol, BS34
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,191
Based on a loan of £243,750 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE