43, Clarendon Road, Redland, BS6 7EY
SOLD, £925,000


The Property

43 Clarendon Road is a substantial and attractive mid terraced Freehold period house arranged as a high yielding investment property comprising four self contained apartments and large walled garden to rear. The property is offered fully occupied producing an income of £63,840 per annum ( increasing to £66,060 for next academic year ) with a basement studio flat ( 43a ) let to a professional tenant, split level garden maisonette ( 43b ) let to a group of 5 students whilst on the first floor ( 43c ) is a three bedroom apartment let to a group of 3 students and finally the top floor ( 43d ) is an additional four bedroom apartment let to a group of 4 students.
The property is fully regulated with all the appropriate licenses for letting and is offered in good decorative order for investment purposes with an impeccable rental history ( which can be provided upon request ) with no voids in last 10 years and excellent prospects for continued rental growth given the scarcity and huge demand for accommodation of this type so close to Bristol University and the City Centre – the property is already full let for the 2015 / 2016 academic year.

2014 / 2015 INCOME

Rental period 01/07/2014 to 30/06/2015.
Ground Floor Studio, 43A - £560pcm x 12 months = £6720.
Garden Maisonette, 43B - £1995pcm x 12 months = £23,940.
First Floor Flat, 43C - £1185pcm x 12 months = £14,220.
Second Floor Flat, 43D - £1580pcm x 12 months = £18,960.
Total annual income £63,840

2015 / 2016 INCOME

Rental period 01/07/2015 to 30/06/2016.
Ground Floor Studio, 43A - £560pcm x 12 months = £6720.
Garden Maisonette, 43B - £2075pcm x 12 months = £24,900.
First Floor Flat, 43C - £1230pcm x 12 months = £14,760.
Second Floor Flat, 43D - £1640pcm x 12 months = £19,680.
Total annual income £66,060

Location

Located on the ever popular Clarendon Road which is located within a few hundred yards of Redland Green/Train Station with the wide range of amenities of both Whiteladies Road and Gloucester Road within approximately 1 mile. Durdham Downs and the City Centre are both within 1.5 miles and both Bristol University and the BRI are easily accessible whilst local bus routes run from immediately outside the property.

Tenure

Freehold.

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