Auction Guide Price £950,000 +++

FOR SALE BY LIVE ONLINE AUCTION

ADDRESS | Flats 1 - 7, 227 Lodge Causeway, Fishponds, Bristol BS16 3QN

Lot Number TBC

The Live Online Auction is on Wednesday 17th September 2025 @ 17:30
Registration Deadline is on Monday 15th September 2025 @ 16:00

The Auction will be streamed LIVE ONLINE via the Hollis Morgan website & you can chose to bid by telephone, proxy or via your computer.
Registration is a simple online process – please visit the Hollis Morgan auction website and click “REGISTER TO BID”

THE PROPERTY

A Modern detached Freehold block ( 2623 Sq Ft ) completed in 2015 comprising 7 self contained apartments with 1 and 2 bed accommodation ( plus 1 studio ) arranged over two floors with 7 parking spaces and gardens to the rear located on Lodge Causeway and just moments from the amenities of Fishponds Road and a short distance to the City Centre.
Sold subject to existing tenancies

Tenure - Freehold
Council Tax - Flats 1, 2, 3, 4, 5, 7 - Band A | Flat 6 - Band B
EPC - D

THE OPPORTUNITY

RESIDENTIAL INVESTMENT | £96,540 pa

The property is a high yielding residential investment let on AST contracts.
Current Monthly Total £7845 pcm | £94,140 pa
Potential ( Flat 6 increased from £950 to £1150 pcm ) £8045 pcm | £96,540 pa

AIR B & B | SHORT TERM LETTING

We understand the pre covid the block was successfully run as short term / Air B & B style accommodation.

BONUS DEVELOPMENT

There is potential for further development to the rear of the block in the car park area.
Interested parties will note the planning history ( 18/01012/F ) and please refer to proposed block plan in the auction particulars.
Subject to gaining the necessary consents.

PARKING

There are 7 parking spaces however at the moment there is a large temporary storage container on site ( that we understand is included in the sale ) that takes up 2 spaces so the current parking situation is first come first served.

SCHEDULE OF INCOME

The block is let on AST contracts;

Flat 1 – Rental Income £1500 pcm | £18,000 pa
Start Date: 14/02/24 | Now Periodic

Flat 2 - Rental Income £995 pcm | £11,940 pa
Start Date: 23/5/2025 | 12 month Contract

Flat 3 – Rental Income £1250 pcm | £15,000 pa
Start Date: 30/09/24 | 12 month Contract

Flat 4 – Rental Income £1150 pcm | £13,800 pa
Start Date: 12/08/24 | 12 month Contract

Flat 5 – Rental Income £1150 pcm | £13,800 pa
Start Date: 01/05/24 | Now Periodic

Flat 6 – Rental Income £950 pcm | £11,400 pa
Start Date: 20/06/2020 | Now Periodic
*The rent has not been increased since 2020

Flat 7 – Rental Income £850 pcm | £10,200 pa
Start Date: 30/05/25 | 12 month Contract

Total - £7,845 pcm | £94,140 pa

SCHEDULE OF ACCOMODATION

Flat 1 – 2 Bed | 2 Bath | 397 Sq Ft
Ground Floor | Open Plan Kitchen Diner | Bedroom 1 | En Suite | Bedroom 2 | En Suite

Flat 2 – 1 Bed | 1 Bath | 378 Sq Ft
Ground Floor | Open Plan Kitchen Diner | Bedroom 1 | Bathroom

Flat 3 – 2 Bed | 2 Bath | 338 Sq Ft
Ground Floor | Open Plan Kitchen Diner | Bedroom 1 | En Suite | Bedroom 2 | En Suite

Flat 4 - 1 Bed | 1 Bath | 348 Sq Ft
Ground Floor | Open Plan Kitchen Diner | Bedroom 1 | En Suite

Flat 5 – 1 Bed | 1 Bath | 339 Sq Ft
First Floor | Open Plan Kitchen Diner | Bedroom 1 | En Suite

Flat 6 - 2 Bed | 2 Bath | 327 Sq Ft
First Floor | Open Plan Kitchen Diner | Bedroom 1 | En Suite | Bedroom 2 | En Suite

Flat 7 – Studio 7 | 291 Sq Ft
First Floor | Open Plan Kitchen Diner / Living Space | En Suite

PLANNING HISTORY - BONUS PLOT

Reference18/01012/F
Alternative ReferencePP-06772065
Application ReceivedSun 25 Feb 2018
Application ValidatedMon 19 Mar 2018
Address227 Lodge Causeway Bristol BS16 3QW
ProposalResidential development of 2no. 2-bed apartments with vehicular parking, refuse store and cycle racks on land to the rear of 227 Lodge Causeway.
StatusDecided
DecisionREFUSED
Decision Issued DateMon 14 May 2018
Appeal StatusAppeal decided
Appeal DecisionAppeal Dismissed

LOCATION

Fishponds is a popular and thriving neighbourhood located in the eastern outskirts of Bristol, offering a diverse range of housing options to suit all types of buyers. With a mix of period properties and modern developments, Fishponds has a unique character and charm that appeals to many. The area is well-known for its strong community spirit, with plenty of local events and activities throughout the year. The bustling High Street is a major draw, with an array of independent shops, cafes, and restaurants offering an eclectic mix of cuisines and cultures. From artisan bakeries and coffee shops to vintage clothing stores and gift shops, Fishponds has something for everyone. For those who require easy access to the city center, Fishponds is well-connected, with regular buses and a nearby train station providing excellent transport links. It's also just a short distance from the University of the West of England (UWE), making it a popular choice for students. Families with children will appreciate the range of good schools in the area, including Fishponds Church of England Academy and Bristol Metropolitan Academy. For those who enjoy spending time outdoors, Fishponds also has several green spaces, including Fishponds Park.

SOLICITORS & COMPLETION

James Borland
Sam Hawking & Co
01269 842711
james@samhawking.co.uk
https://www.samhawking.co.uk/

EXTENDED COMPLETION

Completion is set for 8 weeks or earlier subject to mutual consent.

IMPORTANT AUCTION INFORMATION

VIEWINGS

Please submit a viewing request online and we will contact you to organise an appointment.
We will send you an email and text to confirm the appointment time and the full property address.
Viewings are supervised by a member of the Hollis Morgan Auction team who will meet you at the property.

MATERIAL INFORMATION

Information including utilities, Electricity supply, Water supply, Sewerage, Heating, Broadband, Mobile signal / coverage, Parking, Building safety, Restrictions and rights, Rights and easements, Flood risk, Erosion risk, Coastal erosion risk, Planning permission for proposal for development, Property accessibility / adaptations, Coalfield or mining area all of which will be supplied within the legal pack that can be accessed for free via the Hollis Morgan website or via your EIG account.

ONLINE LEGAL PACKS

Digital Copies of the Online legal pack can be downloaded Free of Charge.
Please visit the Hollis Morgan Website and select the chosen lot from our Current Auction List.
Press the GREEN button to "Download Legal Packs" For the first visit you will be required to register simply with your email and a password.
Having set up your account you can download legal packs or if they are not yet available, they will automatically be sent to you when we receive them.
You will be automatically updated by email if any new information is added.
There will be a note added to the list to confirm AUCTION PACK NOW COMPLETE when no further information is due to be added.
*** STAY UPDATED *** By registering for the legal pack we can ensure you are kept updated on any changes to this Lot in the build up to the sale.

BUYER’S PREMIUM

Please be aware all purchasers are subject to a £1,500 + VAT (£1,800 inc VAT) buyer's premium which is ALWAYS payable upon exchange of contracts whether the sale is concluded before, during or after the auction date.

GUIDE PRICE

An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

RESERVE PRICE

The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

PRE AUCTION OFFERS

Some vendors are willing to consider offers prior to the auction.
Pre auction offers can ONLY be submitted by completing the online PRE AUCTION OFFER FORM
The form can be found on the Hollis Morgan website on the individual auction property listing.
Please note offers will not be considered until you have inspected the COMPLETE LEGAL PACK once it has been released.
There will be a note added to the list to confirm AUCTION PACK NOW COMPLETE when our client’s solicitor informs us no further information is due to be added.
In the event of an offer being accepted the property will only be removed from the online auction and viewings stopped once contracts have successfully EXCHANGED subject to the standard auction terms and payment of the buyer’s premium (£1,800 Inclusive of VAT) to Hollis Morgan.
Contracts can be exchanged via the solicitors or at the Hollis Morgan offices by appointment only.

REGISTRATION PROCESS

The registration process is extremely simple – visit the Hollis Morgan auction website and click on the “Register to Bid” button.
The “Register to Bid” button can be found on the auction home page or on the individual lot listings.
Please note this function is not available on Rightmove or Zoopla.

Stage 1 – Complete the Online Bidding Form
Stage 2 – Upload your certified ID
Stage 3 – Invitation to bid
Stage 4 – Pay your security deposit (£6,800)

You are now ready to bid – Good luck!

If your bid is successful, the balance of the deposit monies must be transferred to our client account within 24 hours of the auction sale.
If you are unsuccessful at the auction your holding deposit will be returned within 48 hours.

SURVEYS AND VALUATIONS

If you would like to arrange a survey or mortgage valuation of this Lot BEFORE the auction, please instruct your appointed surveyor to contact Hollis Morgan and we will arrange access for them to inspect the property. Please note that buyers CANNOT attend the surveys and the surveyors are responsible for collecting and returning keys to the Hollis Morgan offices in Clifton.

AUCTION FINANCE & BRIDGING LOANS

Some properties may require specialist auction finance- please contact Hollis Morgan for access to expert advice and whole of market rates from our independent brokers.

Hollis Morgan may receive introductory fees for this service from the broker.

AUCTION BUYER’S GUIDE VIDEO

We have short video guides for both buying and selling by Public Auction on the Hollis Morgan Website. If you have any further questions regarding the process, please don’t hesitate to contact Auction HQ.

2025 CHARITY OF THE YEAR

Hollis Morgan is supporting Uncle Pauls Chilli Charity empowering socially disadvantaged people with barriers to learning &/or disabilities based in Butcombe, North Somerset, our land overlooks the Mendip Hills and Blagdon lake. There are three main areas of focus at Uncle Paul’s Chilli Charity Education, Wellbeing and Social Prescribing – visit www.chillicharity.org.uk/ for more details or the Hollis Morgan Charity Page of our website.

AUCTION PROPERTY DETAILS DISCLAIMER

Hollis Morgan endeavour to make our sales details clear, accurate and reliable in line with the Consumer Protection from Unfair Trading Regulations 2008 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. All Hollis Morgan references to planning, tenants, boundaries, potential development, tenure etc is to be superseded by the information contained in the legal pack. It should not be assumed that this property has all the necessary Planning, Building Regulation, or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide-angle lens. 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.