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Development | Conversion | Redland

South West

£2,000,000
Listed on 16/03/2026

Property Details

Bedrooms
22
Type
Plot
Area
8034 sqft

Description

This property represents an exceptional investment opportunity, featuring full planning consent for the conversion of a former chapel into 12 luxury apartments. With a Gross Internal Area of 8,034 square feet and situated in the highly desirable Redland area of Bristol, this project is poised to attract significant interest. The development includes plans for lower ground garden apartments with private access and outdoor spaces, alongside two penthouse units that will offer stunning views from their balconies. While the architectural design is approximately 50% complete, buyers will benefit from guidance from experienced professionals to optimize construction costs. This unique scheme is positioned within a thriving residential market, surrounded by well-regarded amenities and excellent transport links, making it an attractive proposition for discerning buyers seeking high-quality living spaces. The potential gross development value ranges between £4.625 million and £4.855 million, underscoring the lucrative nature of this project.

Investment Analysis

(BS6 area)

Below Market Value

This property is priced -49.7% below area average per sq ft

-49.7%
Potential saving
This Property
£249/sq ft
Area Average
£495/sq ft
Avg Rent (weekly)
£410
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£800,000 - £1,200,000
Target Value
£4,374,955
10% above area average per sq ft
Potential ROI
+36.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (BS6)

Area prices are rising by +3.2% over the last 12 months
3 year growth: -0.5%
5 year growth: +4.0%
Investment Disclaimer: Analysis based on BS6 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

Development | Conversion | Redland
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£7,084
Based on a loan of £1,500,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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