469, Bath Road, Brislington, Bristol, BS4 3JU

Auction Guide £425,000 - For Sale

  • 25 July LIVE ONLINE AUCTION
  • Freehold period property arranged as 3 flats
  • 2 x 2-Bedroom Flats & 1 x 1-Bedroom Flat
  • Superb investment or break-up opportunity
  • GDV of circa £725,000 / Potential rental income of £42,000 PA
  • 8-week completion

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A substantial Victorian terraced property that is arranged as three self-contained flats (2 x two-bedroom flats and 1 x one-bedroom flat). The property is in need of modernisation throughout and offers a superb investment or break-up opportunity with a values totalling circa £725,000 once the flats have been refurbished. The property further benefits from a courtyard garden to the rear along with three off-street parking spaces with access via the rear lane. The property is situated in a highly convenient location with easy access provided to a range of local amenities on Sandy Park Road, Bristol Temple Meads train station and the city centre.

FOR SALE BY AUCTION -

This property is due to feature in our online auction on 25 July 2024 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.

VIEWINGS -

By appointment.

SUMMARY -

SUBSTANTIAL PERIOD TERRACE ARRANGED AS 3 FLATS

DESCRIPTION -

A substantial Victorian terraced property that is arranged as three self-contained flats (2 x two-bedroom flats and 1 x one-bedroom flat). The property is in need of modernisation throughout and offers a superb investment or break-up opportunity with a values totalling circa £725,000 once the flats have been refurbished. The property is offered for sale with vacant possession and further benefits from a courtyard garden to the rear along with three off-street parking spaces with access via the rear lane.

LOCATION -

The property is situated in a highly convenient location on the A4 Bath Road with direct views across Arnos Court Park. Easy access is provided to a range of local amenities on Sandy Park Road, Bristol Temple Meads train station and the city centre.

ACCOMMODATION -

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

GROUND FLOOR FLAT -

Comprising a spacious living room with bay window to the front, two bedrooms, a kitchen, bathroom and rear courtyard garden plus parking space.

FIRST FLOOR FLAT -

Comprising a spacious living room with bay window to the front, two bedrooms, a kitchen, bathroom and parking space to the rear.

SECOND FLOOR FLAT -

Comprising a living room, kitchen, bedroom, bathroom and parking space to the rear.

RESALE & RENTAL VALUES -

We would anticipate the following resale and rental values for the three flats following the refurbishment:

GROUND FLOOR FLAT: £275,000 / £1,300 PCM
FIRST FLOOR FLAT: £250,000 / £1,200 PCM
SECOND FLOOR FLAT: £200,000 / £1,000 PCM

TOTAL: £725,000 / £42,000 PER ANNUM

TENURE -

The property is for sale on a freehold basis with vacant possession.

COMPLETION -

Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.

ENERGY PERFORMANCE CERTIFICATES (EPCs) -

Ratings:
Flats 1 & 2 - E
Flat 3 - F

LETTING - WHAT CAN MAGGS & ALLEN ACHIEVE FOR YOU? -

Maggs & Allen's experienced letting team are happy to discuss the rental of this property and can advise on maximising the investment. We offer Full Management, Let Only and Rent Collection Services. Contact Jessica Archer and her team on 0117 9499000 or email lettings@maggsandallen.co.uk.

AUCTION OR BRIDGING FINANCE REQUIRED? -

Do you need a mortgage or loan quickly? Maggs & Allen have specialist Independent Brokers who can arrange residential and commercial finance on all types of property. Contact the Auction Team today to be put through to our mortgage and loan experts on 0117 9734940 or email admin@maggsandallen.co.uk

BUYER'S PREMIUM -

Please be advised that all purchasers are subject to a £1,500 plus VAT (£1,800 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, TELEPHONE & ONLINE REMOTE BIDDING -

The auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid. You will need to complete our remote bidding form, which 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 a bank transfer for the Preliminary Deposit must be received no later than 24 hours before the date of the auction.

PRELIMINARY DEPOSITS -

The Preliminary Deposit required for each lot you wish to bid for will be calculated based upon the Guide Price as follows:

£1,000 - £150,000: £5,000
£151,000 and above: £10,000

If you bid is successful, the balance of the deposit monies and Buyer’s Premium (£1,800 inc VAT) must be transferred to our client account within 24 hours of the auction sale. If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you within 5 working days.

RENTAL ESTIMATES -

All rental estimates are provided in good faith. They should be verified by your own professional advisors prior to a commitment to purchase.

Floorplan for Bath Road, Brislington, Bristol