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"FREEHOLD INVESTMENT 2 X FLATS
A freehold end terraced property arranged as two spacious one bedroom flats, perfect for investors or developers. Both flats benefit from separate private entrances and offer excellent scope to add value by carrying out the necessary renovation works. The ground floor flat benefits from a rear garden that offers scope to create off street parking, subject to consents.

Once renovated, the flats could generate in excess of £26,000 per year in rental income. If sold separately, we would anticipate a GDV in the region of £450,000 £225,000 per flat . A superb investment or break up opportunity.

For Sale By Auction This property is due to feature in our online auction on 20 March 2025 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.

Viewings By appointment.

Summary FREEHOLD PROPERTY ARRANGED AS 2 X 1 BEDROOM FLATS

Description A fantastic opportunity for investors and developers, this freehold end terraced property is arranged as two generously sized one bedroom flats, each with its own private entrance. Offering significant potential to add value through renovation, this property is ideal for those looking to maximise returns.

The ground floor flat boasts a private rear garden, with the potential to create off street parking subject to the necessary consents . Once refurbished, the combined rental income is estimated to exceed £26,000 per year. Alternatively, if sold separately, the flats could achieve a Gross Development Value GDV of approximately £450,000 £225,000 per flat .

Whether you re seeking a high yield rental investment or a lucrative break up opportunity, this property offers excellent potential in a sought after location.

Location Situated on Kensington Road in St George, this property enjoys a convenient and well connected location, providing easy access to local amenities and transport links. Just a short walk away, Church Road offers a variety of shops, caf s, supermarkets, and eateries, catering to everyday needs and providing a vibrant community atmosphere. St George Park is nearby, featuring open green spaces, a lake, and sports facilities, making it a great spot for relaxation, exercise, and family activities. The area is well served by regular bus routes and Lawrence Hill Station, ensuring quick and convenient travel into Bristol city centre and beyond.

Accommodation GROUND FLOOR FLAT Approx. 59 m Living room, Bedroom, Kitchen, Utility Cupboard, and Bathroom.

FIRST FLOOR FLAT Approx. 54 m Living room, Bedroom, Kitchen and Bathroom.

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

Tenure Understood to be freehold, please refer to the online legal pack for confirmation.

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

Energy Performance Certificate Epc Ratings D

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 or email .

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 or email

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.

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