59, Jacobs Wells Road, Hotwells, BS8 1DJ
SOLD, £385,000


THE PROPERTY

A commanding end of terrace Leasehold ( 2237 Sq Ft ) period property currently arranged as 3 x 1 bedroom flats.

LOCATION

The property occupies a prominent position on Jacob Wells Road within the popular suburb of Clifton Wood. Strategically located, local attractions including: Clifton Village, The Harbourside, The Triangle and The University of Bristol are all within walking distance.

THE OPPORTUNITY

Excellent long term investment / breakup opportunity.
The flats would now benefit from basic updating throughout.
Scope to create two bedrooms units subject to gaining necessary consents

GROUND FLOOR

Protected Tenant - been in situ since 1973 and we believe is 83 years old.
Rental income via Housing benefit of £338.40 pcm

FIRST FLOOR

Vacant

TOP FLOOR

Currently occupied by beneficiary
Vacant upon possession.

RESALE VALUES

Please contact Calum Melhuish, Residential Sales Manager, to discuss the value of this property once renovated – calum@hollismorgan.co.uk
Calum Says; “ One bedroom flats are always popular with investors and owner occupier alike and I would suggest a resale value, once renovated to a high standard, of £175k - £200k with scope for higher if a second bedroom is created”

RENTAL APPRAISAL

Local rent expert Clifton Rentals has valued the rental potential at £900 pcm each for 1st and second floor flat or £21,600p/a (not including ground floor) If converted to a student house income would increase to circa £30,000 p/a.
For more information call 0117 911 3423 or 07854367689 or email info@clifton-rentals.co.uk

ACCOMMODATION

GROUND FLOOR FLAT ( SELF CONTAINED )

Entrance
Private access off Jacob Wells Road

Lounge

Double bedroom

Kitchen
Britony combi boiler

Bathroom

FIRST FLOOR FLAT

Lounge

Kitchen

Double bedroom

Bathroom

SECOND FLOOR FLAT

Double bedroom

Lounge

Kitchen

Bathroom

OUTSIDE

Communal courtyard

Basement level (former workshop)

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