Hollis Morgan Auctions says ..

Property Oracle says ..

This 8-bedroom, 4-bathroom property in Bristol’s Stokes Croft is being marketed as an HMO investment opportunity. The property’s prominent location on Stokes Croft is a key selling point, with its proximity to independent businesses, transport links, and a vibrant cultural scene attracting a potentially high-demand tenant base. The inclusion of original Banksy artwork is also significant, adding potential value.

However, the property is in considerable need of renovation. The provided images reveal unfinished work, exposed utilities, and a general lack of modern amenities. The property appears to require substantial investment to meet modern living standards or to improve the rental appeal of its rooms. Furthermore, the property’s lack of external space reduces its appeal to a wider range of potential buyers or tenants. The absence of any significant plot size further hinders this.

The price is arguably the most contentious aspect. While the potential rental income from its use as an HMO is mentioned as significant, the considerable costs of renovation must be accounted for. This should be carefully weighed against the asking price to determine a realistic purchase cost. The current asking price may need re-evaluating in light of the necessary investment and existing comparables in the same area.

Therefore, we give this property 4 / 10. Disclamer: This is our opition and does constitute a recommendation or financial advice. Do your own research.

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