2, Dundonald Road, Redland,
SOLD SUBJECT TO CONTRACT, £995,000
2 Dundonald Road is a large end of terrace period property with accommodation arranged over three floors ( 3616 Sq Ft ) with off street parking for two vehicles and an enclosed rear garden.
The property is currently arranged as 3 x Self contained 3 Bedroom flats for investment and are offered with vacant postseason – please refer to schedule and floorplans.
The property would make an excellent investment with strong rental potential.
Please refer to independent rental appraisal.
SCOPE FOR UPDATING
The flats have been let for a number of years and would now benefit from some basic updating and offer scope to either increase the rents or individual resales.
Please refer to GDV schedule.
Given the proximity to local out outstanding rated OFSTED schools there is sure to be a demand to convert the building back into a large 6/7 bedroom family home in this sought after location.
A spectacular and large principle reception room with impressive bay window, a separate kitchen diner with access to the rear garden, three generous double bedrooms and family bathroom.
FIRST FLOOR FLAT
A large reception room with bay window to front, a separate kitchen diner, three generous double bedrooms and family bathroom.
TOP FLOOR FLAT
A good sized reception room, separate kitchen, three well proportioned bedrooms and a family bathroom.
Parking for 2 vehicles with scope to increase subject to consents.
Dundonald Road is a pretty street, quietly tucked away but superbly located in Redland within easy reach of The Downs, local amenities and Schools rated Outstanding by OFSTED.
Redland is amongst the most sought after and coveted locations in the city and remains and incredibly popular family subhurb. Offering a mix of suburban convenience with open green spaces such as Durdham Downs which is within 300m, excellent amenities on the nearby North View, Whiteladies Road and Park Street provide a wide range of supermarkets, shops, restaurants and pubs.
Westbury Park Primary School & Redland Green secondary school are nearby and both of which have an outstanding OFSTED Rating. and in addition, there is excellent access to the City as well as being conveniently located to Cribbs Causeway and the region's motorway network.
Independent Rental Appraisal
Overall the three properties are in good order they require some modernisation. The location is popular with professional sharers who generally are looking for nice larger flats which haven’t had extra bedrooms squashed into them as is common in Clifton, Redland and Cotham.
The largest of the three flats this layout will suit professional sharers or even a family. Depending on what the new owner would like to proceed professional sharers would achieve in region of £1500 per calendar month. If let to a family, it would get circa £1300 per calendar month.
First Floor Flat
Again a great layout for a professional sharers. This would achieve around £1400 per calendar month.
Top Floor Flat
Bedrooms 2 and three are small but overall still a good flat for sharers and would achieve £1250 per calendar month.
Please note if all three individual flats were let to three unrelated people they would need to be licenced as part of Bristol City Councils Selective Licencing scheme.
If all rented to sharers the annual yield for the property would be around £50,000 per annum.
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0117 911 3423
We endeavour to make our sales details accurate and reliable but they should not be relied on as statements or representations of fact and they do not constitute any part of an offer or contract. The seller does not make any representation or give any warranty in relation to the property and we have no authority to do so on behalf of the seller.