6 Bed HMO, Bristol, BS14 9AS, £425,000

12 Allanmead Road, Bristol, Somerset BS14 9AS - 15 views - 4 months ago

Sold STC
HMO
ROI: 12%
124 m²
+12 photos

ValuationUndervalued

Sold Prices£445K - £1.6M
Sold Prices/m²£2.5K/m² - £4.1K/m²

 

 

Square Metres

124 m²
Price/m²£3.4K/m²

Value Estimate

£453,844
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Total Cash In

£128,950

 

 

Cash Out

 

Room Rate

£694

Gross Rent

£4,164

Running Costs/mo

£2,907

Cashflow/mo

£1,257

Cashflow/yr

£15,084

ROI

12%

Gross Yield

12%

Local Sold Prices

8 sold prices from £445K to £1.6M, average is £675.5K. £2.5K/m² to £4.1K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£445K04/210.51 mi8, Lanes End, Bristol, City Of Bristol BS4 5DP6
£445K08/232.49 mi31, Fernsteed Road, Bristol, City Of Bristol BS13 8HE6
£585K05/212.87 mi60, City Road, Bristol, City Of Bristol BS2 8TX6
£1.6M01/232.96 mi3, Tottenham Place, Bristol, City Of Bristol BS8 1AJ6
£1.2M06/212.99 mi68, Kingsdown Parade, Bristol, City Of Bristol BS6 5UQ6
£1.2M06/212.99 mi68, Kingsdown Parade, Bristol, City Of Bristol BS6 5UQ6
£600K07/212.99 mi11, Blackberry Way, Keynsham, Bristol, Bath And North East Somerset BS31 1FH6
£751K01/212.99 mi21, Highbury Villas, Bristol, City Of Bristol BS2 8BY6

Local Area Statistics

Population in BS14

28,656

Population in Bristol

795,432

Town centre distance

3.41 miles away

Nearest school

0.20 miles away

Nearest train station

1.68 miles away

 

 

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+30%

Property History

Listed for £425,000

December 26, 2024

Floor Plans

Description

  • Chain Free +
  • Previously 7 bedroom HMO +
  • Largest plot on the road +
  • Substantually extended (1,715 sq. ft. approx.) +
  • Snug/Timber framed summerhouse with power and light +
  • Conservatory +
  • Previous rental income of over £50,000 at a yield of 12% +
  • Viewings commence - Saturday 4th January 2025 +
  • Generous rear garden +
  • Ample off-street parking +

This much loved home offers flexible accommodation and has generates potential yearly rental income over £50,000 at a yield just over 12%. Offered to market with no onward chain, this is a fantastic opportunity for those looking for an investment and to make their mark on versatile home.

The property offers a welcoming approach, with a gravelled generous front driveway, all enclosed by wooden fencing and low brick walls with access to the house gained via the side elevation.

Once inside, you are greeted an inviting entrance hall that provides access to 2 bedrooms as well as the open plan kitchen diner which is the centre-piece of the property. The kitchen diner measures an impressive (19'8 x 12'1 ft.) and opens up into the conservatory and utility room. Finally on the ground floor, you will find an additional 2 bedrooms which can be accessed at the front of the property and via the conservatory.

On the first floor you will 4 bedrooms along with a kitchen and living room. As well as access to the loft space which is part boarded and fully insulated.

Outside the property enjoys the largest plot in road boasts a low maintenance garden that measures (75'0ft x 30'0ft approx.). Benefiting from a snug as well as a large patio area perfect for those Summer BBQs.

Located within a quiet and sought after road, only a short walk to shops and transport links. Also, conveniently located near the A37, creating a direct link to central Bristol.

Agent Details

The Property Experts, London

020 3906 1702

Next Steps?

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

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