For Sale4 Bedroom End of terrace House in Hayward Road, Bristol, BS5£650,000
Property Type
End of terrace House
Bedrooms
× 4
Bathrooms
× 4
Receptions
× 4
Tenure
Freehold
Guide Price
£650,000
Key Features
- Substantial end terrace property split into 4 self contained flats
- 3 one bedroom flats on the ground floor
- 1 two bedroom flats on the first floor
- Popular location in Redfield with excellent local amenities
- Close to Church Road, St. George's Park, and Temple Meads station
- We understand that the property was originally built as a two bedroom mid terrace houses and currently generates an annual income of £27,000, with the potential to achieve up to £36,000 per annum.
- Strong rental demand and potential for high yields
- Ideal investment opportunity with multiple income streams
Resources
Description
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
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 (vacant)
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.