Broncksea Road, Filton, Bristol

Guide Price £475,000 - For Sale

  • For Sale By Public Auction
  • Tuesday 26th November 2019
  • County Cricket Ground, Bishopston BS7 9EJ
  • Legal Packs via our website

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Telephone: 0117 973 4940

Email: admin@maggsandallen.co.uk

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Property Details

DEVELOPMENT OPPORTUNITY - PLANNING GRANTED FOR FLAT CONVERSION, POTENTIAL FOR LARGE HMO / FAMILY HOUSE A substantial semi-detached Edwardian style house in need of complete renovation, situated in a sought after residential location in Filton Park. The property occupies a generous corner position with off-street parking and benefits from full planning consent for conversion into 3 large self-contained flats (2 x 2-Bed Flats and 1 x 1-Bed Flat). There is also scope for conversion into a 9 or 10 bedroom HMO, subject to obtaining the necessary planning consents.

FOR SALE BY AUCTION -

This property is due to be auctioned on the 26th November 2019 at The Grace Room, The Bristol Pavilion, County Ground, Nevil Road, Bishopston, Bristol at 7pm.

VIEWING -

By appointment

SUMMARY -

DEVELOPMENT OPPORTUNITY - PLANNING FOR FLAT CONVERSION

DESCRIPTION -

A substantial three storey Edwardian style house in need of complete renovation. The property was previously arranged to provide four reception rooms, 6 bedrooms and 2 bathrooms and has now been stripped out ready to implement the approved planning consent for conversion to 3 large flats or potentially a 9 or 10 bedroom HMO, subject to consents.

LOCATION -

The property is situated in the popular residential location of Filton Park on the corner of Broncksea Road and Rannoch Road. Easy access is provided to a range of local amenities on Gloucester Road North with excellent employment opportunities within easy reach including Rolls Royce, Airbus and Southmead Hospital.

ACCOMMODATION -

Please refer to floorplan for approximate room measurements and internal layout.

PLANNING -

Planning consent was granted for the demolition of existing lean-to and erection of single storey rear extension to facilitate conversion of existing dwelling into 3 No. Flats under application no. P19/0615/F on 5th July 2019.

PROPOSED FLATS -

Flat 1 - 2 bedroom flat with garden and parking (82.6 sq m).
Flat 2 - 2 bedroom flat with balcony and parking (62 Sq m).
Flat 3 - 1 bedroom flat plus study with parking (60 Sq m).

GROSS DEVELOPMENT VALUE (GDV) -

Flat 1 - £275,000
Flat 2 - £260,000
Flat 3 - £245,000
GDV: £780,000

HMO POTENTIAL -

The property may be suitable for conversion into a 9 or 10 bedroom HMO, subject to obtaining the necessary planning consents. If consent can be obtained, following the conversion we would anticipate a potential gross rental income in the region of £60,000 - £66,000 per annum (£550 pcm per room).

ENERGY PERFORMANCE CERTIFICATE -

Rating: F

SOLICITOR -

Mr P Hogan, Henriques Griffiths
Tel: 0117 909 8451
Email: phogan@henriquesgriffiths.com

BUYER'S PREMIUM -

Please be advised that all purchasers are subject to a £1,000 plus VAT (£1,200 inc VAT) buyer's premium payable upon exchange of contracts.

*GUIDE PRICE -

Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

RESERVE PRICE -

The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

PROXY BIDDING -

If you are unable to attend the auction then you can submit a proxy bid. This will authorise a representative of Maggs & Allen to bid on your behalf up to a pre-set amount. The proxy bidding form is available to download from our website. The completed form, ID (driving licence or passport and a recent utility bill stating the home address of the purchaser) and 2 cheques (one for the 10% deposit and one for the buyer's premium of £1,200 inc VAT) is required by the auction department no later than 4pm on the day of the auction.

ATTENDING THE AUCTION -

If you are intending to bid and are successful, the following will be required:

* Proof of identity (valid passport or photo driving licence).
* Proof of address (bank statement, recent utility bill, council tax bill or tenancy agreement).
* 10% deposit payment.
* Buyer's premium payment.
* Details of your solicitor.

DEPOSIT & BUYER'S PREMIUM PAYMENTS -

Forms of acceptable payment:

* Cheque
* Bankers Draft
* Debit Card Payment

For card payments:
Please ensure that you advise your bank of the potential payment prior to the auction.

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Maggs & Allen use all reasonable endeavors to supply accurate property information in line with the Consumer Protection from Unfair Trading Regulations 2008. These property details do not constitute any part of the offer or contract and all measurements are approximate.
It should not be assumed that this property has all the necessary Planning, Building Regulation or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide angle lens.
Any site and floor plans provided are for indicative purposes only and should not be relied upon.