Flat 4, Kelston Mews, 7 Kelston Road, Westbury-on-Trym, Bristol, BS10 5ES

Auction Guide £185,000 - For Sale

2
  • 25 July LIVE ONLINE AUCTION
  • Two-Bedroom Top Floor Flat
  • Larger Than Average Garage
  • Estimated Rental Income Circa £14,400 PA
  • 6-Week Completion

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A two-bedroom top floor flat, situated within the Kelston Mews development on Kelston Road in Southmead. The flat has been well-maintained by the current owner but would benefit from some light cosmetic work. Additionally, the flat boasts its own larger than average garage. The flat would make an ideal buy to let investment with an anticipated rental income of circa £1,200 pcm, with high demand from professional renters employed at the nearby Southmead Hospital, Airbus, Rolls Royce and the Ministry of Defence. The flat would also appeal to first time buyers looking to get on the property ladder. The flat is offered for sale with vacant possession.

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 -

TWO-BEDROOM TOP FLOOR FLAT WITH GARAGE - IDEAL BUY TO LET INVESTMENT OR FIRST TIME BUY

DESCRIPTION -

A two-bedroom top floor flat, situated within the Kelston Mews development on Kelston Road in Southmead. The flat has been well-maintained by the current owner but would benefit from some light cosmetic work. Additionally, the flat boasts its own larger than average garage. The flat would make an ideal buy to let investment with an anticipated rental income of circa £1,200 pcm, with high demand from professional renters employed at the nearby Southmead Hospital, Airbus, Rolls Royce and the Ministry of Defence. The flat would also appeal to first time buyers looking to get on the property ladder. The flat is offered for sale with vacant possession.

LOCATION -

Kelston Mews is situated on Kelston Road, conveniently located just off Southmead Road with easy access provided to a range of local amenities in Southmead, Henleaze and Westbury-on-Trym. Southmead benefits from a large number of employers within the vicinity including Southmead Hospital, Airbus, Rolls Royce and the Ministry of Defence, all of which are within an easy commute.

ACCOMMODATION -

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

FLAT 4 -

The flat is situated on the top floor of the building and is comprised of an open-plan kitchen/dining/living room, two bedrooms (one featuring an en-suite) and a bathroom.

GARAGE -

The property has the rare benefit of a secure garage with up and over door, accessed at the side of the building.

RENTAL POTENTIAL -

We would anticipate a market rent in the region of £1,200 pcm (£14,400 per annum).

TENURE -

The property is for sale on the residue of a 999 year lease dated 1st May 2006.

MANAGEMENT CHARGE -

Our client has informed us that the management charge for the flat is £166.30 pcm. This charge includes the ground rent and the buildings insurance.

COMPLETION -

Completion for this lot will be 6 weeks from exchange of contracts or sooner by mutual agreement.

ENERGY PERFORMANCE CERTIFICATE (EPC) -

Rating: C

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 7 Kelston Road, Westbury-on-Trym, Bristol
EPC Graph for 7 Kelston Road, Westbury-on-Trym, Bristol