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SUMMARY
The area also benefits from excellent transport links, with regular bus services and easy access to Bristol city centre. The nearby A432 provides convenient routes to the M32, M4, and M5 motorways, making it an ideal location for commuters. Redfield is also popular with renters due to its proximit
DESCRIPTION
This substantial end terrace property, originally constructed as two mid terrace houses, has since been converted into four self contained flats, offering fantastic potential for investors seeking a multi unit property.
The layout is as follows
o Flat 1 Ground Floor A spacious one bedroom flat featuring a generous kitchen lounge area, bedroom, and bathroom.
o Flat 2 Ground Floor Another one bedroom flat with a well sized kitchen lounge area, bedroom, and bathroom.
o Flat 3 Upper Level A one bedroom flat with a bright and airy kitchen lounge space, bedroom, and bathroom.
o Flat 4 First Floor A larger two bedroom flat, offering a spacious kitchen lounge, two well sized bedrooms, and a bathroom.
The three one bedroom apartments are currently renting for between £700 and £800 per calendar month, however, we believe there is potential to achieve a higher rental income.
Currently, the property produces an income of £27,000 per annum, with the potential to increase to approximately £36,000 per annum. This makes it an ideal opportunity for investors looking to maximise rental returns.
Location Benefits
The property is situated on Hayward Road in Redfield, a vibrant and thriving area of Bristol known for its strong sense of community. Just a short walk away, Church Road offers a wide range of local amenities, including cafes, independent shops, supermarkets, and popular eateries. St. George s Park, with its beautiful green spaces and recreational facilities.
Flat 1 Ground Floor
Open Plan Living Area 18 2" x 14 9" 5.54m x 4.50m
Bedroom 11 11" x 9 6" 3.63m x 2.90m
Bathroom
Flat 2 Ground Floor
Open Plan Living Area 18 6" x 14 11" 5.64m x 4.55m
Bedroom 12 9" x 9 6" 3.89m x 2.90m
Bathroom
Flat 3 First Floor
Open Plan Living Area 14 10" x 12 10" 4.52m x 3.91m
Bedroom 10 2" x 6 4" 3.10m x 1.93m
Bathroom
Flat 4 First Floor
Open Plan Living Area 15 3" x 14 9" 4.65m x 4.50m
Bedroom One 11 1" x 8 10" 3.38m x 2.69m
Bedroom Two 10 4" x 6 5" 3.15m x 1.96m
Bathroom
Agents Note
Please be advised that the floorplan and room dimensions are intended as a guide only as they have been provided by a third party and we have not as yet been able to personally verify all details. The vendor is selling the Freehold title which contains four flats which are not held under leasehold titles. We understand that an associated title confirms a perpetual rent charge arrangement. Please seek guidance in respect of any lending requirements and take guidance from your conveyancer for this type of purchase to ensure it meets your needs and timeframes involved.
1. MONEY LAUNDERING REGULATIONS Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co operation in order that there will be no delay in agreeing the sale.
2 These particulars do not constitute part or all of an offer or contract.
3 The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4 Potential buyers are advised to recheck the measurements before committing to any expense.
5 Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6 Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor."