23, Whatley Road, Clifton, BS8 2PS
UNDER OFFER, £737,000


Key Features

  • CLIFTON TOWNHOUSE
  • REQUIRES UPDATING
  • ENCLOSED REAR GARDEN
  • 6 BED HMO
  • SCOPE FOR FAMILY HOME
  • SCOPE TO INCREASE RENTAL INCOME

THE PROPERTY

A Freehold mid terrace Clifton Townhouse( 2437 Sq Ft ) arranged over 4 floors with enclosed rear garden.
The property is currently operating as a 6 bedroom HMO with separate lounge and kitchen.

LOCATION

Whatley Road is located within the heart of Clifton just a few hundred yards from Whiteladies Road with its wide range of Shops, Pubs, Restaurants and independent Retailers whilst Clifton Down shopping centre is also within a few minutes walk. Bristol University and the Bristol Royal Infirmary are both within one mile.

THE OPPORTUNITY

INVESTMENT / INCREASE RENTS ( PLEASE NOTE UPDATED FIGURES )

The property is currently let to 6 individual tenants on an AST agreement with the tenancy terminating in June 2018.
The 4 en suite rooms are let for £440 pcm and the 2 non en suite rooms are let for £420 pcm.
CURRENT INCOME £31,200
The rents are vastly below market rates and we would anticipate that once renovated the property would achieve circa £500 - £650 per room pcm
POTENTIAL INCOME £36K - £46K per annum

FAMILY HOME / RENOVATION PROJECT

The property would now benefit from basic updating having been let for many years but would make a fine home in this highly sought after location.

RENTAL APPRAISAL

The Local Experts Say...

A great house and location to get property into the student market for 2018/19. The house requires full refurbishment but you would leave the current layout the same. There is potential that you could put en-suite bathrooms to both the ground floor rooms and remove shower in utility room. The fact that it has an HMO licence means that you would need to apply when the 5-yearly licence expired but there would be no need to get any other consents to let such as planning. Once in the student market you would let you 6 people on an annual basis. If refurbished to a very high standard the property could achieve £550 per room £39600p/a.

If you have any questions or queries regarding this valuation please contact us on 0117 911 3423, 07854367689 or email our sister company info@bristol-student.co.uk

ACCOMMODATION SCHEDULE

Reception Room
11'1" x 20' (3.38m x 6.1m). Single glazed wood bay window facing the front. Radiator, carpeted flooring, ceiling light.

Utility
5' x 5' (1.52m x 1.52m). Single glazed wood window. Tiled flooring, ceiling light.

Kitchen
13' x 15' (3.96m x 4.57m). Single glazed wood window facing the rear overlooking the garden. Radiator, tiled flooring, ceiling light. Roll top work surface, fitted units, single sink, over hob extractor.

WC
5'3" x 5'8" (1.6m x 1.73m). Low level WC, pedestal sink.

Reception Room
11' x 20' (3.35m x 6.1m). Single glazed wood bay window facing the front. Radiator, chimney breast, ceiling light.

Bedroom
16' x 15' (4.88m x 4.57m). Single glazed wood sash window facing the rear. Radiator, chimney breast, ceiling light.

Bedroom
15' x 13'4" (4.57m x 4.06m). Single glazed wood sash window facing the rear. Radiator, a built-in wardrobe, ceiling light.

En-suite
6'3" x 5'1" (1.9m x 1.55m). Low level WC, roll top bath with mixer tap, shower over bath, pedestal sink with mixer tap, extractor fan.

Bedroom
16' x 15' (4.88m x 4.57m). Single glazed wood sash window facing the front. Radiator, ceiling light.

En-suite
6'7" x 5'5" (2m x 1.65m). Low level WC, roll top bath with mixer tap, shower over bath, pedestal sink with mixer tap, extractor fan.

Bedroom
15' x 13'4" (4.57m x 4.06m). Single glazed wood sash window facing the rear. Radiator, a built-in wardrobe, ceiling light.

En-suite
5'9" x 5'1" (1.75m x 1.55m). Low level WC, single enclosure shower, pedestal sink, shaving point.

Bedroom
14' x 13'1" (4.27m x 3.99m). Radiator, ceiling light.

En-suite
5'5" x 4'9" (1.65m x 1.45m). Low level WC, single enclosure shower, pedestal sink, extractor fan.


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