9 Bed HMO, Bristol, BS1 2EY, £1,000,000

Court House, Tailors Court, Bristol, BS1 2EY - 9 views - 2 years ago

Sold STC
HMO
~279 m²
+18 photos

ValuationUndervalued

Sold Prices£425K - £1.8M
Sold Prices/m²£3K/m² - £11.9K/m²

 

 

Square Metres

~279 m²
Price/m²£3.6K/m²

Value Estimate

£1,353,569
BMV4%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£250,000

Stamp Duty & Legal Fees

£111,450

Total Cash In

£361,450

 

 

Cash Out

 

Room Rate

£771

Gross Rent

£6,939

Running Costs/mo

£5,749

Cashflow/mo

£1,190

Cashflow/yr

£14,279

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £425K to £1.8M, average is £767.5K. £3K/m² to £11.9K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£980K02/230.36 mi6, King Square, Bristol, City Of Bristol BS2 8JD4
£760K01/210.38 mi18, Kingsdown Parade, Bristol, City Of Bristol BS6 5UD4
£560K12/200.42 mi11, Alfred Place, Kingsdown, Bristol, City Of Bristol BS2 8HD4
£425K01/210.42 mi66, Somerset Street, Kingsdown, Bristol, City Of Bristol BS2 8NB4
£490.5K06/210.45 mi6, High Kingsdown, Bristol, City Of Bristol BS2 8EN4
£1.1M11/220.45 mi15, Portland Street, Kingsdown, Bristol, City Of Bristol BS2 8HL4
£710K09/200.47 mi51a, Kingsdown Parade, Bristol, City Of Bristol BS6 5UG4
£519K08/230.52 mi20, Dove Street, Bristol, City Of Bristol BS2 8LU4
£735K05/210.54 mi1, Merchants Quay, Bristol, City Of Bristol BS1 4RL4
£850K11/220.54 mi11, Merchants Quay, Bristol, City Of Bristol BS1 4RL4
£775K02/210.54 mi2, Merchants Quay, Bristol, City Of Bristol BS1 4RL4
£1.0M03/230.56 mi15, Fremantle Road, Bristol, City Of Bristol BS6 5SY4
£446.3K08/230.58 mi33, Argyle Road, St Pauls, Bristol, City Of Bristol BS2 8UY4
£610K03/210.6 mi10, Guinea Street, Bristol, City Of Bristol BS1 6SX4
£745K06/220.61 mi18, Queens Parade, Bristol, City Of Bristol BS1 5XJ4
£925K02/210.61 mi1, Nugent Hill, Bristol, City Of Bristol BS6 5TD4
£760K03/210.62 mi4, Bathurst Parade, Bristol, City Of Bristol BS1 6UB4
£760K03/210.62 mi4, Bathurst Parade, Bristol, City Of Bristol BS1 6UB4
£545K02/210.64 mi8, Gwyn Street, Bristol, City Of Bristol BS2 8UG4
£970K07/230.65 mi20, Cotham Lawn Road, Bristol, City Of Bristol BS6 6DS4
£441K06/230.66 mi6, Drummond Road, St Pauls, Bristol, City Of Bristol BS2 8UJ4
£880K03/230.66 mi13, Cotham Lawn Road, Bristol, City Of Bristol BS6 6DU4
£935K08/210.67 mi17, Cotham Lawn Road, Bristol, City Of Bristol BS6 6DU4
£1.4M12/220.68 mi28, Cotham Grove, Bristol, City Of Bristol BS6 6AN4
£800K04/230.69 mi8, Arley Hill, Bristol, City Of Bristol BS6 5PS4
£600K03/230.71 mi31, Picton Street, Bristol, City Of Bristol BS6 5PZ4
£577.5K11/220.71 mi44, Picton Street, Bristol, City Of Bristol BS6 5QA4
£540K06/210.72 mi11, Jacobs Wells Road, Bristol, City Of Bristol BS8 1DX4
£1.8M10/220.72 mi16, Richmond Hill, Bristol, City Of Bristol BS8 1AT4
£695K03/230.72 mi34, Jacobs Wells Road, Bristol, City Of Bristol BS8 1DR4
£860K02/210.72 mi51, Trelawney Road, Bristol, City Of Bristol BS6 6DY4
£830K08/210.74 mi72, Cumberland Road, Bristol, City Of Bristol BS1 6UF4
£830K08/210.75 mi72, Cumberland Road, Bristol, City Of Bristol BS1 6UF4
£875K08/220.75 mi33, Bellevue Crescent, Bristol, City Of Bristol BS8 4TE4
£978.1K08/220.76 mi31, Bellevue Crescent, Bristol, City Of Bristol BS8 4TE4
£925K01/230.77 mi24, Bellevue Crescent, Bristol, City Of Bristol BS8 4TE4
£950K06/210.77 mi26, Bellevue Crescent, Bristol, City Of Bristol BS8 4TE4
£825K02/210.77 mi23, Bellevue Crescent, Bristol, City Of Bristol BS8 4TE4
£487.5K05/230.77 mi24, Banner Road, Bristol, City Of Bristol BS6 5LZ4
£635K12/220.78 mi5, Courtside Mews, Bristol, City Of Bristol BS6 6PS4
£650K03/230.79 mi73, Coronation Road, Southville, Bristol, City Of Bristol BS3 1AT4
£515K02/210.79 mi22, Richmond Road, Montpelier, Bristol, City Of Bristol BS6 5EW4
£775K04/210.79 mi55, Bellevue Crescent, Bristol, City Of Bristol BS8 4TF4
£970K11/220.79 mi57, Bellevue Crescent, Bristol, City Of Bristol BS8 4TF4
£775K04/210.79 mi55, Bellevue Crescent, Bristol, City Of Bristol BS8 4TF4
£610K06/210.79 mi3, Courtside Mews, Bristol, City Of Bristol BS6 6PS4
£630K03/230.79 mi7, Courtside Mews, Bristol, City Of Bristol BS6 6PS4
£1.0M03/210.8 mi12, Rokeby Avenue, Bristol, City Of Bristol BS6 6EL4
£425K06/210.81 mi5, Southville Place, Bristol, City Of Bristol BS3 1AW4
£865K02/210.81 mi40, Southville Place, Bristol, City Of Bristol BS3 1AW4

Local Area Statistics

Population in BS1

11,541

Population in Bristol

795,432

Town centre distance

1.03 miles away

Nearest school

0.20 miles away

Nearest train station

0.71 miles away

 

 

Rental demand

Balanced market

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Price changed to £1,000,000

September 9, 2024

Listed for £1,300,000

June 8, 2023

Floor Plans

Description

  • Historic Home +
  • City Centre location +
  • HMO potential +
  • Commercial possibilities +
  • Investment Opportunity +
  • Character +
  • Cul de Sac +
  • End-Terraced +
  • Off-street parking +
  • Cellar +

Believed to be the former home of William Miller, a very wealthy grocer, banker and merchant who died in 1781 (leaving a considerable estate) , this magnificent house occupies a quaint position in the Old City of Bristol, approach by a narrow lane off Broad Street. Despite its City Centre location, it seems remarkably quiet, and being tucked away is probably unknown to many life-long Bristolians!
Over recent years the three-plus storey building, which most recently was used as commercial premises (and is still rated as such), has been painstakingly converted and modernised to become a potential nine-room house of multiple occupancy, complete with state of the art fire warning systems and ample shower rooms.
The property is located at the end of historic Tailors Court, a cul-de-sac lane situated off Broad Street, close to the old city walls, and offers off-street parking to the front (although, please note, access is narrow).
An impressive entrance door with elaborate portico (including an inscription "1692" which would date the building to the reign of William & Mary), opens into a grand hallway with wide staircase and attractive tiled floor. To the right is a large living room, with panelled walls, and to the left a very modern and well-equipped kitchen, plus a small utility room. Stairs from the hall lead down to a substantial cellar.
The first and second floors have the feel of a small hotel, with corridors, doors and - in some places - short flights of stairs leading to a total of nine bedrooms and four shower rooms. Further stairs lead up to the attic which provides its own hints at how the building once looked.
Automatic lighting, a state of the art fire alarm system and other essential features have been installed, yet the building retains much character, with leaded windows and bullseye panes, gorgeous double doors leading to one of the shower rooms, and a glorious arched window in one of the bedrooms.
Of obvious appeal to buy-to-let investors, this property os available with no onward chain (subject to obtaining a grant of probate).

Council Tax Band: Currently rated as a commercial property
Tenure: Freehold

Agent Details

Haighs, Bristol

0117 463 0015

Next Steps?

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