£650,000
Alma Road Avenue, Clifton, BS8
- 6 beds
£650,000
- 6 beds
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Hollis Morgan - A Freehold Victorian end of terrace property ( 1995 Sq Ft ) currently arranged as an HMO Student Let ( ?28,440 pa ) with scope for conversion back to family home with South West Facing Garden.
THE PROPERTY
A charming end of terraced period property occupying a prime position and arranged over four floors with spacious accommodation ( 1995 Sq Ft ) and South West Facing Garden.The property has been a successful investment property for many years and whilst having been well maintained would now benefit from some basic updating and has scope for either an excellent yield or family home in this highly sought after location.
INVESTMENT
The property is fully HMO licensed ( House of Multiple Occupation ) and is currently let to a group of 6 students on a single AST agreement terminating on June 30th 2016.The rental income is ?395pcm per room / ?2370 pcm / ?28,440 paWe would suggest given the generous proportions of most of the rooms and the prime position, there is scope ( subject to some basic improvements ), to increase the rents towards ?500 per room pcm thus producing ?36,000 per annum.Option to rent for the 2016 / 2017 academic year but no contract signed - please contact Abode Lettings for further details.
FAMILY HOME
The property will be vacant from July 1st 2016 and would convert back into a fine 4 - 5 bedroom family room with South West facing garden.
LOCATION
The property is located in a quiet cul de sac just a few hundred yards from Whiteladies Road with its wide range of Shops, Pubs, Restaurants and independent Retailers whilst Clifton Down shopping centre is also within a few minutes walk. Bristol University and the Bristol Royal Infirmary are both within one mile.
TENURE
Freehold.
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