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7 bedroom block of apartments for sale
Elliston Road, Redland, Bristol
£595,000
Elliston Road, Redland, Bristol
£595,000
Our Summary
- The property is in need of complete renovation and the three storey maisonette offers scope to reconfigure into a 5-Bedroom HM0 by creating a shared living room and providing en-suite bathrooms, subject to consents
- For Sale By Auction - This property is due to feature in our online auction on 22 May 2025 at 6
- Viewing - By appointmentSummary - FOUR STOREY RESIDENTIAL INVESTMENT - FLATS & BEDSITSDescription - Situated in a prime and highly sought-after location in central Redland, this attractive mid-terraced period property offers an exceptional investment opportunity with superb scope to add value
- In need of full renovation, the property presents significant scope for reconfiguration
- The upper floors could be transformed into a high-yielding 5-bedroom HMO (House in Multiple Occupation) by introducing en-suite facilities and a shared living area, subject to the necessary consents
- With current rental income at rates well below market levels, there is considerable potential to increase returns
- 22 May LIVE ONLINE AUCTION
Description
This four-storey mid-terraced period building in Redland, Bristol, offers a unique investment opportunity. The property is currently divided into a self-contained basement flat, a studio flat, and five bedsits sharing bathroom facilities, but has significant scope for renovation and reconfiguration. With the potential to create a 5-bedroom HMO with en-suite bathrooms, the property could generate a projected rental income of £62,100 per annum. Despite being in need of full renovation, the property is situated in a prime location, making it an attractive opportunity for investors looking to add value. With current rental income well below market levels, there is considerable potential to increase returns, making this a rare chance to secure a prime property in one of Bristol's most desirable residential areas.