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4 bedroom property for sale
Hepburn Road, Bristol
£475,000
Hepburn Road, Bristol
£475,000
Our Summary
- INVESTMENT OPPORTUNITY
- The potential gross rental income of this property is estimated to be in the region of £38,000 per annum once fully let and potential increases (currently sitting at £23,640 from three of the four units) in the property's current condition, and the potential breakup value after some alterations is estimated to be in the region of £600,000
- The basement flat consists of a lounge, bedroom, shower room and kitchen with use of the garden currently tenanted at £840pcm with potential for increases
- The first floor consists of a further one bedroom flat currently let at £630pcm with potential for increases
Description
This three-storey investment property in St Pauls, Bristol, offers a lucrative opportunity for investors. With an estimated potential gross rental income of £38,000 per annum, the property currently generates £23,640 from three of its four units. The basement flat is currently tenanted for £840 per month, while the two ground-floor studio bedsits are vacant and can be let for £500 and £600 per month, respectively. The first-floor flat is currently let for £630 per month. With potential increases and a potential breakup value of £600,000 after some alterations, this property presents a solid investment opportunity. Located just a 2-minute walk from Stokes Croft and a 10-minute walk from Cabot Circus and Bristol city centre, the property offers excellent accessibility and proximity to local amenities.