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4 bedroom semi-detached house for sale
3 X Flats | Updating | St Andrews
£550,000
3 X Flats | Updating | St Andrews
£550,000
Our Summary
- Hollis Morgan – MAY LIVE ONLINE AUCTION – A Freehold PERIOD BLOCK OF FLATS ( 1713 Sq Ft ) | Comprising 3 x Flats with scope for £45k + pa INCOME | Requires BASIC UPDATINGFor Sale By Live Online Auction - ADDRESS | 113 Cromwell Road, St Andrews, Bristol BS6 5EX Lot Number TBCThe Live Online Auction is on Wednesday 14th May 2025 @ 17:30Registration Deadline is on Monday 12th May 2025 @ 16:00The Auction will be streamed LIVE ONLINE via the Hollis Morgan website & you can chose to bid by telephone, proxy or via your computer
- Registration is a simple online process – please visit the Hollis Morgan auction website and click “REGISTER TO BID”The Property - A Freehold period property with accommodation ( 1713 Sq Ft ) arranged over 3 floors comprising 3 self contained flats
- Garden Flat - 560 Sq Ft | Private entrance | 2 beds | sole use of rear gardenHall Floor Flat - 592 Sq Ft | 1 Bed | Separate Kitchen & Reception Top Floor Flat - 560 Sq Ft | 1 Bed | Separate Kitchen & Reception Tenure - FreeholdCouncil Tax - Band AEPC - D, D, DUtilities, Rights & Restrictions - Please refer to the Legal Pack Flood Risk - Please refer to the Legal PackThe Opportunity - RESIDENTIAL INVESTMENT | BASIC UPDATINGThe flats have been let for many years and the hall and top floor flat would now benefit from basic updating but have scope for an excellent investment or break up opportunity
- There is potential to rearrange the layout of the upper flats to create an open plan kitchen / living space and 2 bedrooms - subject to consentsCURRENT SCHEUDLE OF INCOME | £36,300 paGarden Flat - Will be vacant upon completion ( currently £1150 pcm | £13,800 pa )Hall Floor Flat - £900 pcm | £10,800 pa | AST Top Floor Flat - £975 pcm | £11,700 pa | ASTTotal - £36,300 paPOTENTIAL SCHEDULE OF INCOME | £45,000 paGarden Flat - £1350 pcm | £16,200 paHall Floor Flat - £1200 pcm | £14,400 paTop Floor Flat - £1200 pcm | £14,400 paTotal - £45,000 paLocation - Cromwell Road is one of the premier roads in St Andrews within easy reach of Cheltenham Road and Gloucester Road with its eclectic range of shops and restaurant and close to the city centre with its business areas, shopping and leisure opportunities as well as some of the major institutions of Bristol including the University of Bristol
- 2 FLATS REQUIRE UPDATING
- FOR SALE BY ONLINE AUCTION
- MAY LIVE ONLINE AUCTION
Description
This is a freehold period block of flats located on Cromwell Road in St Andrews, Bristol, comprising three self-contained flats with a total floor area of 1713 sq ft. The property requires basic updating and has scope for an excellent investment or break-up opportunity. The flats are let, with the garden flat currently vacant and the hall and top floor flats benefiting from existing tenancies. The current schedule of income is £36,300 per annum, with potential to increase to £45,000 per annum with revised rents. The property is located in a premier area, close to Cheltenham Road and Gloucester Road, with easy access to the city centre and nearby railway station. The auction will be held live online on May 14th, 2025, with registration deadline on May 12th, 2025.