Ashton Road, Ashton, Bristol

Asking price £475,000 - Sold Subject to Contract

  • Substantial 6 bed HMO
  • Potential to increase rental income
  • Popular residential location

Telephone: 0117 973 4940

Email: admin@maggsandallen.co.uk

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The above is offered for indicative purposes only and should not be relied upon. Rates will vary lender to lender and subject to the customer’s specific circumstances. Fee’s may also apply.

Property Details

An exciting opportunity to purchase a substantial, three storey end of terrace property that is currently arranged as a 6-bedroom House of Multiple Occupation (HMO) with two bathrooms and an additional store room to the side. The property is situated in a fantastic location overlooking Greville Smyth Park in Ashton, providing easy access to a wide variety of shops, restaurants, bars and amenities on North Street. Five of the six bedrooms are currently let producing approximately £29,580 per annum and we feel there is potential to increase the rents to provide a gross annual income once fully occupied in excess of £41,500. Early enquiries are recommended.

DESCRIPTION -

A three storey end of terrace property that is currently arranged as a 6-bedroom House of Multiple Occupation (HMO) with two bathrooms and an additional store room to the side. The property is situated in a fantastic location overlooking Greville Smyth Park in Ashton, providing easy access to a wide variety of shops, restaurants, bars and amenities on North Street.
Five of the six bedrooms are currently let producing approximately £29,580 per annum and we feel there is potential to increase the rents to provide a gross annual income once fully occupied in excess of £41,500. An ideal opportunity for residential investors.

LOCATION -

Overlooking Greville Smyth Park this fine residence is situated within close proximity to North Street with its wide selection of shops, restaurants, bars and supermarkets. This vibrant and sought after location has become a highly desirable place to live for professional and student tenants. Public transport to the city centre or Southmead Hospital is via the No. 24 with the bus stop just outside this property. On street parking is easily available as there are currently no parking restrictions in Ashton Road or neighbouring streets. The Metrobus provides easy accessibility to the City Centre and Cribbs Causeway. If you are considering student letting this property, it is within close proximity to the Bower Ashton campus of UWE.

ACCOMMODATION -

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

GROUND FLOOR -

The ground floor comprises of a communal kitchen and separate dining room and two double bedrooms.

FIRST & SECOND FLOORS -

There are a further three double bedrooms and two bathrooms on the first floor and the sixth bedroom is located on the top floor in the converted loft space.

OUTSIDE -

Externally, the property benefits from a south-east facing rear courtyard garden and a separate store room to the side with access from Duckmoor Road.

TENANCY DETAILS -

All of the rooms are let on Assured Shorthold Tenancy agreements producing the following rents with the exception of room 4, which is let on a short-term licence agreement.

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Room 1: £400 pcm
Room 2: £465 pcm
Room 3: Currently Vacant
Room 4: £600 pcm
Room 5: £450 pcm
Room 6: £550 pcm
TOTAL: £29,580 per annum

ESTIMATED MARKET RENTS -

Room 1: £575 pcm
Room 2: £575 pcm
Room 3: £625 pcm
Room 4: £575 pcm
Room 5: £550 pcm
Room 6: £575 pcm
TOTAL: £41,700 per annum

TENURE -

We understand that the property is to be sold on a freehold basis, subject to the existing tenancies.

ENERGY PERFORMANCE CERTIFICATE (EPC) -

Energy Rating: D

LOCAL AUTHORITY -

Bristol City Council

VIEWING -

Strictly by appointment with Maggs & Allen.

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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.