What do you think of this 2 bed flat in Bristol?

tomstickland

http://www.rightmove.co.uk/viewdetails-16515728.rsp?pa_n=7&tr_t=buy
A friend of mine has had an offer for (I think) £150K accepted on this 2 bed flat in Bristol. It's near Westbury on Trym, which is a nice part of town. He says it's an ex council flat in area that looks mainly privately owned, with a lot of young families in the area.

Seeing how 2 bed flats where I live (edge of Stroud) are now selling for £140K I think this is a pretty good deal. I paid £86K for my 1 bed flat, so he's spending £50K more than me, but he gets a large flat with garden, plus plans to rent out the 2nd room.

Gorgeous_George

I make it that he is spending £64K more than you (£150K - £86K) plus Stamp Duty.

If IRs remain around current levels, he could find himself in negative equity quite soon. Fingers crossed that he is ok and all goes well.

GG

bristol_pilot

IMO your friend has got a good deal. If there is reserved parking (not specified in ad) he has a very good deal.

tomstickland

He's borrowing £120K.

Guy_Montag

It looks vaguely like a bunker or pill-box.

stamford

Guy_Montag wrote: »

It looks vaguely like a bunker or pill-box.

:rotfl: What a tip. The small windows would make it ideal for conversion (subject to planning permission) into a crack house, maybe that's what the neighbours houses are used for

roses

I think £156k for a flat in that area is quite expensive when he could get a larger house in the same area for the same money. I know the area well because I used to shop at Lidl a lot along Southmead Road

Also the area is called Southmead, not Westbury On Trym! I don't know why people are embarassed to say their house is in Southmead. It's not that bad an area!

I don't have a problem with the area but I think he can get more for his money round there.

stamford

roses wrote: »

I think £156k for a flat in that area is quite expensive when he could get a larger house in the same area for the same money. I know the area well because I used to shop at Lidl a lot along Southmead Road

Also the area is called Southmead, not Westbury On Trym! I don't know why people are embarassed to say their house is in Southmead. It's not that bad an area!

I don't have a problem with the area but I think he can get more for his money round there.

Mug buyer - uses pretentious Estate Agent speak in not naming the area as it is. Doesn't say its a semi so must be an end mews

tomstickland

I or the buyer have no problem with where it is.There's no pretence or embaressment going on. Westbury on Trym is the nearest place that I know properly, so to me the flat is near Westbury on Trym, just down the road from Southmead.

he could get a larger house in the same area for the same money

He's been scouring rightmove for a while now, so must be genned up on the prices. Can you provide links to houses for the same price in that area?

Mug buyer

The buyer hasn't posted on here. He has run a vermin check and found that there was a high concentration of daily mail readers about a mile away from the house though.

CHR15

As has already been highlighted, It is not in Westbury-on-trym which is a nice area.

It is in Southmead which is Council heaven.

Quite simply, the sellers won't get as much by stating where it is located. They are trying to move boundaries by saying it is in a nicer area than it is.

Southmead and Patchway are two areas you can buy a nicely sized house for much less than that asking price.
BUT the area is a cess pit.

The more people buy off the council, the quicker the improvement to the area, but it will be slow.

There is a fair bit of development going on there so perhaps there is some hope.

I am looking for a 2 double bed place in North Bristol too.

It would be easy to buy in Southmead or Patchway but the old saying Location, Location,Location means the World in this instance.

I think it's WAY overpriced for Southmead.

It is EX Council, with any luck the places around it are EX council too, but with young families.......
I bet a lot of them are still council..... could be no end of trouble!

gizmo111

It looks quite nice, but is def on the wrong side of the WOT/Henleaze borders.

Patchway is nothing like Southmead.