2 X FLATS | £57K PA
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2 X FLATS | £57K PA

By Hollis Morgan

£ 495,000

Reviews

2 out of 5 stars

Hollis Morgan says ..

Hollis Morgan - FEBUARY LIVE ONLINE AUCTION - A Freehold INVESTMENT OPPORTUNITY comprising a BLOCK OF FLATS ( 1603 Sq Ft ) with 7 BED | 5 BATH producing £57,180 pa

Property Oracle says ..

This property is a block of flats located in Brislington West, Bristol, listed at £495,000. It features 7 bedrooms and 5 bathrooms, and appears to be in good condition following a recent refurbishment. The interior is modern and well presented. The property is within reasonable distance of several schools, train stations, and the city centre. However, a critical element to consider is the absence of any significant land. This is a significant disadvantage for buyers seeking outdoor space. Furthermore, the sale is being conducted through a live online auction, meaning the final sale price is subject to market dynamics on the day. While the rental income potential of £57,000 per year seems appealing, prospective buyers need to conduct thorough due diligence to ensure the valuation aligns with their expectations and account for potential maintenance costs and vacancy periods. Additional information on the individual flat’s size, current occupancies and the condition of each unit is critical to determining the true value. It’s critical to note that only one photo shows a potential exterior issue requiring repair and therefore should be considered as part of any evaluation.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
7
Location
6
Land
1
Bedrooms
7
Bathrooms
5
Sqft (est)
832.05

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
395,175.00 £
Increased by 7.63 %
from 367,147.00 £
Est sale value
354,453.30 £
Increased by 37.86 %
from 257,103.45 £
Average area rental value
1,615.00 £/mo
Decreased by 17.69 %
from 1,962.00 £/mo
Est letting value
832.05 £/mo
Unchanged by 0.00 %
from 832.05 £/mo
Est rental Yield
4.90 %
Decreased by 23.56 %
from 6.41 %
Crime Rate
3.00 %
Unchanged by 0.00 %
from 3.00 %

Agent Activity

  • Hollis Morgan created the listing.

Nearby Schools

NameTypeOfstedDistance
Prospect Education TrustMiscellaneous0.68 KM
St Philips Marsh Nursery School And Barton Hill Childrens Centre/Cashmore Early Years CentreLocal Authority Nursery SchoolGood0.85 KM
Cleve House SchoolOther Independent School0.88 KM
St Philip'S Marsh Nursery School & Barton Hill Children'S CentreChildren's Centre0.93 KM
Hillcrest Primary SchoolCommunity SchoolGood1.04 KM

Images

Flats 1 & 2, 381 Bath Road, Arnos Vale, Bristol BS Flats 1 & 2, 381 Bath Road, Arnos Vale, Bristol BS Flats 1 & 2, 381 Bath Road, Arnos Vale, Bristol BS Flats 1 & 2, 381 Bath Road, Arnos Vale, Bristol BS Flats 1 & 2, 381 Bath Road, Arnos Vale, Bristol BS Flats 1 & 2, 381 Bath Road, Arnos Vale, Bristol BS Flats 1 & 2, 381 Bath Road, Arnos Vale, Bristol BS Flats 1 & 2, 381 Bath Road, Arnos Vale, Bristol BS Flats 1 & 2, 381 Bath Road, Arnos Vale, Bristol BS Flats 1 & 2, 381 Bath Road, Arnos Vale, Bristol BS Hollis Morgan Live Online Auctions How to Register Hollis Morgan Live Online Land and Property Auctio

Nearby Streets

NameAverage PriceAverage SqftDistance
Lightbox Lane £ 000.00 KM
Kings Road £ 000.00 KM
The Hill £ 315,83300.00 KM
Copse Road £ 475,00000.00 KM
River Road £ 350,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Lawrence Hill3225LWH1.75 KM
Bristol Temple Meads3231BRI2.13 KM
Stapleton Road3250SRD2.82 KM
Bedminster3245BMT3.42 KM
Montpelier3203MTP4.04 KM

Nearby Listings

AddressPriceTypeScoreDistance
2 X FLATS | £57K PA £ 495,000BUY5 / 100.00 KM
2 X FLATS | £57K PA £ 495,000BUY5 / 100.00 KM
Bath Road, Arnos Vale, Bristol £ 270,000BUY5 / 100.07 KM
Edward Road, Arnos Vale, Bristol, BS4 3ES £ 400,000BUYUnknown0.10 KM
Chatsworth Road, Brislington, Bristol, BS4 £ 430,000BUYUnknown0.11 KM

Nearby Properties

AddressPriceDistance
25 Edward Road £ 320,0000.08 KM
11 Edward Road £ 307,0000.08 KM
13 Edward Road £ 239,9500.08 KM
23 Edward Road £ 192,5000.08 KM
27 Edward Road £ 55,0000.08 KM