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
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Metrics Year-on-Year
- Average area value
- 395,175.00 £Increased by 7.63 %
- Est sale value
- 354,453.30 £Increased by 37.86 %
- Average area rental value
- 1,615.00 £/moDecreased by 17.69 %
- Est letting value
- 832.05 £/moUnchanged by 0.00 %
- Est rental Yield
- 4.90 %Decreased by 23.56 %
- Crime Rate
- 3.00 %Unchanged by 0.00 %
Agent Activity
Hollis Morgan created the listing.
Nearby Schools
Name | Type | Ofsted | Distance |
---|---|---|---|
Prospect Education Trust | Miscellaneous | 0.68 KM | |
St Philips Marsh Nursery School And Barton Hill Childrens Centre/Cashmore Early Years Centre | Local Authority Nursery School | Good | 0.85 KM |
Cleve House School | Other Independent School | 0.88 KM | |
St Philip'S Marsh Nursery School & Barton Hill Children'S Centre | Children's Centre | 0.93 KM | |
Hillcrest Primary School | Community School | Good | 1.04 KM |
Images
Nearby Streets
Name | Average Price | Average Sqft | Distance |
---|---|---|---|
Lightbox Lane | £ 0 | 0 | 0.00 KM |
Kings Road | £ 0 | 0 | 0.00 KM |
The Hill | £ 315,833 | 0 | 0.00 KM |
Copse Road | £ 475,000 | 0 | 0.00 KM |
River Road | £ 350,000 | 0 | 0.00 KM |
Nearby Transport
Name | NLC | TLC | Distance |
---|---|---|---|
Lawrence Hill | 3225 | LWH | 1.75 KM |
Bristol Temple Meads | 3231 | BRI | 2.13 KM |
Stapleton Road | 3250 | SRD | 2.82 KM |
Bedminster | 3245 | BMT | 3.42 KM |
Montpelier | 3203 | MTP | 4.04 KM |
Nearby Listings
Address | Price | Type | Score | Distance |
---|---|---|---|---|
2 X FLATS | £57K PA | £ 495,000 | BUY | 5 / 10 | 0.00 KM |
2 X FLATS | £57K PA | £ 495,000 | BUY | 5 / 10 | 0.00 KM |
Bath Road, Arnos Vale, Bristol | £ 270,000 | BUY | 5 / 10 | 0.07 KM |
Edward Road, Arnos Vale, Bristol, BS4 3ES | £ 400,000 | BUY | Unknown | 0.10 KM |
Chatsworth Road, Brislington, Bristol, BS4 | £ 430,000 | BUY | Unknown | 0.11 KM |
Nearby Properties
Address | Price | Distance |
---|---|---|
25 Edward Road | £ 320,000 | 0.08 KM |
11 Edward Road | £ 307,000 | 0.08 KM |
13 Edward Road | £ 239,950 | 0.08 KM |
23 Edward Road | £ 192,500 | 0.08 KM |
27 Edward Road | £ 55,000 | 0.08 KM |