4 Bed HMO, Bristol, BS6 5LZ, £550,000

Banner Road, Montpelier, Bristol, BS6 5LZ - 6 months ago

HMO
~146 m²
+11 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£43,700

Total Cash In

£181,200

 

 

Cash Out

 

Room Rate

£375

Gross Rent

£1,500

Running Costs/mo

£2,581

Cashflow/mo

£-1,081

Cashflow/yr

£-12,967

Gross Yield

3%













Property History

Listed for £550,000

September 13, 2024

Floor Plans

Description

  • Arranged over four floors +
  • Four bedrooms / two receptions +
  • Full width kitchen / diner +
  • Hall and lower ground entrances +
  • Cul de Sac location +
  • No onward chain +
  • 1576 sq. ft / 146.4 sq. m +
  • EPC - D +

A spacious and well presented four bedroom Victorian townhouse located in a quiet residential road in Montpelier - being sold with no chain.

Overview

This property is currently let and therefore has the massive benefit of no chain and will be sold with vacant possession.

The property would suit both owner occupiers or a landlord as the layout offers a degree of flexibility that would suit a multitude of requirements. Either as a substantial family home or a larger HMO (subject to consents).

The property is arranged over four floors with a highly flexible layout and has the potential for the lower floor to be a self contained unit.

Outside

The rear garden is an attractive and yet low maintenance space, that can be accessed from the lower ground floor and via a deck from the hall floor level.

Location

This Bristol suburb is made popular by its community feel, eclectic mix of architecture, proximity to the city centre, major transport links and sought-after local schools to name a few.

We think...

This is an excellent opportunity to purchase a substantial Victorian townhouse, measuring 1576 sq. ft - in a highly desirable location.

Agent Details

Ocean, Bishopston

0117 463 0093

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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