A spacious 4-bedroom maisonette (approx. 974 sq ft) situated on the ground and lower ground floors of this attractive period semi-detached property in Clifton. The property is well-presented throughout and benefits from a modern kitchen and shower room, off-street parking for two vehicles and a private courtyard to the year.
This licensed 4-bedroom HMO is currently let producing £2,150 pcm and the two parking spaces are let separately at £70 pcm each. A new tenancy for the 2021/ 2022 academic year has just been signed at an increased rent of £2,250 pcm excluding the parking spaces, which will result in a total rent of £28,690. The agreed rents are at a fairly conservative level and there is scope to increase the income in the years to come.
A superb opportunity to purchase this high-yielding investment flat that is ideally located for continued student or professional renters.
The property is situated on Richmond Hill Avenue directly opposite the Bristol University Student's Union. Easy access is provided to a wide range of shops, bars and restaurants on Clifton Triangle and Clifton Village.
The property is accessed via a communal entrance on the ground floor which leads onto an entrance hall with access to Bedroom 1 and stairs leading down to the remaining accommodation on the lower ground floor.
The lower ground floor accommodation is laid out around a central hallway leading to a spacious living/dining room with access onto the private rear courtyard. There are three further bedrooms, a kitchen with modern fitted base units, a shower room and separate WC.
The property benefits from a garden to the front laid with a permeable membrane and currently used as a parking space, a further allocated parking space and a private courtyard garden to the rear.
The HMO licence was granted for 4 persons on 15/07/2020 and expires on 14/07/2025.
We understand that the exterior of the building and interior communal hallway is due to be re-painted shortly and there are sufficient monies in the sinking fund to cover the cost of these works.
Energy Rating: D
We understand that the property is to be sold on the residue of a 999 year lease with a share of the freehold.
Bristol City Council.
0117 973 4940.
Maggs & Allen use all reasonable endeavours 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.