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SOLD, £385,000
59, Jacobs Wells Road, Hotwells, BS8 1DJ
3
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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)