SUBSTANTIAL PERIOD INVESTMENT PROPERTY IN PRIME REDLAND LOCATION
An attractive and substantial period terraced property that is currently arranged to provide five bedsits on the ground and first floor, a one bedroom flat on the second floor and a studio flat benefiting from a private garden. The property is in need of modernisation, is currently partially occupied and offers a potential rental income in excess of £72,000 per annum once updated and fully-tenanted. The property is situated in a prime location in Redland with easy access provided to Durdham Downs, Redland train station and a wide range of local amenities - appealing to both professional or student tenants. Alternatively, there is potential to convert the property back to a generous family home, subject to consents.
A superb investment/development opportunity in one of Bristol's most sought-after neighbourhoods.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 18 September 2025 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
By appointment.
SUMMARY -
AN ATTRACTIVE AND SUBSTANTIAL PERIOD TERRACED PROPERTY, CURRENTLY ARRANGED AS A RANGE OF FLATS AND BEDSITS
DESCRIPTION -
An attractive and substantial period terraced property in a prime Redland location, currently arranged as five bedsits across the ground and first floors, a one-bedroom flat on the second floor, and a self-contained studio flat with private garden.
The property requires modernisation and is part-occupied, but once refurbished and fully tenanted, offers a potential rental income in excess of £72,000 per annum. Situated close to Durdham Downs, Redland train station, and a wealth of local amenities, the property will appeal strongly to both professional and student tenants.
Alternatively, the house presents an exciting opportunity to be converted back into a generous family residence, subject to the necessary consents.
A superb investment or development prospect in one of Bristol’s most desirable neighbourhoods.
LOCATION -
Situated in the highly desirable residential area of Redland, Manor Park enjoys an excellent position within easy reach of Clifton, Whiteladies Road and the City Centre. The area is well known for its beautiful period properties, tree-lined streets and strong community feel. There are a wide range of independent shops, cafés, restaurants and amenities nearby, along with highly regarded local schools and parks. Excellent transport links are available, including Redland railway station and regular bus services, providing convenient access across Bristol and beyond.
ACCOMMODATION -
Please refer to floorplan for approximate room measurements and internal layout.
CURRENT & POTENTIAL RENTAL DETAILS -
The flats and bedsits are currently let as below with the potential rental figures following modernisation in brackets:
Bedsit 1: £600 pcm (£800 pcm)
Bedsit 2: Vacant (£700 pcm)
Flat 3 (Studio): £395 pcm (£975 pcm)
Bedsit 4: Vacant (£750 pcm)
Bedsit 5: £450 pcm (£800 pcm)
Bedsit 6: £700 pcm (£800 pcm)
Flat 7 (1-Bed): £1,200 pcm (£1,200 pcm)
TENURE -
The property is for sale on a freehold basis, subject to the existing Assured Shorthold Tenancies above.
COMPLETION -
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: D
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 £1,800 plus VAT (£2,160 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 is £5,000.
If you bid is successful, the balance of the deposit monies and Buyer’s Premium (£1,800 plus 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.
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.
HMO LICENSING & PLANNING -
HMO licensing regulations and planning requirements are subject to regular changes, updates and even individual interpretations by the Local Authority. Prospective buyers are therefore required to make their own enquiries with the Local Authority and review the documents contained in the auction legal pack fully to satisfy themselves that the property is compliant in this respect. Maggs & Allen accept no liability in the event that any Licensing or Planning requirements/documents are not in order at the point of sale.
