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Hepburn Road, Bristol BS2 4 bed property for sale
Hepburn Road, Bristol BS2
£500,000
Hepburn Road, Bristol BS2
£500,000
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 on Hepburn Road, St Pauls, offers a lucrative opportunity for investors. Currently partially let, the property has a potential gross rental income of £38,000 per annum once fully let, with scope for increases in rent and value. The property is located just 2 minutes from Stokes Croft and 10 minutes from Bristol city centre and Cabot Circus shopping centre. The basement flat is currently tenanted for £840pcm, while the ground floor has two single room studio bedsits with shared shower-room, one currently let for £500pcm and the other vacant but potentially worth £600pcm. The first floor has a one-bedroom flat let for £630pcm. With two Band A Council Tax bills payable, this property offers a solid investment opportunity with potential for growth.