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7 bedroom terraced house for sale
7 Bed Hmo | Family Home | Redland BS6
£650,000
7 Bed Hmo | Family Home | Redland BS6
£650,000
Our Summary
- Hollis Morgan - JUNE LIVE ONLINE AUCTION - A Freehold TERRACED PERIOD PROPERTY ( 2068 Sq Ft ) currently a 7 BEDROOM HMO with scope for FAMILY HOME with REAR GARDEN
- For Sale By Live Online Auction - ADDRESS | 69 Waverley Road, Redland, Bristol BS6 6ETLot Number TBCThe Live Online Auction is on Wednesday 19th June 2024 @ 17:30Registration Deadline is on Monday 17th June 2024 @ 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 classic Freehold mid terraced bay fronted period property with accommodation ( 2068 Sq Ft ) arranged over 4 floors arranged as ground floor flat, 5 bedsit rooms and a top floor studio plus enclosed rear garden
- SCOPE TO INCREASE RENTS | BASIC UPDATINGThe rooms are let to individual tenants on periodic / rolling AST ( Assured Shorthold Tenancy ) contracts
- Many have been in situ since 2008 and there is now scope to dramatically increase the rents inline with current market values and subject to basic updating
Description
A freehold terraced period property with 7 bedrooms and scope for a family home, located in the sought-after area of Redland, Bristol. The property is currently an HMO and is sold subject to existing tenancies, with the opportunity to increase rents and update the property to modern standards. The property boasts 2068 sq ft of accommodation across 4 floors, including a ground floor flat, 5 bedrooms, and a top floor studio, as well as an enclosed rear garden. The property is sold with the tenants in situ, and the tenancies are on periodic / rolling Assured Shorthold Tenancy (AST) contracts. The property has a council tax band of D and is located in a flood risk area, according to the Legal Pack. With its prime location and potential for growth, this property presents a great investment opportunity for a savvy buyer.