£678,250 SOLD
LOT 8
GUIDE PRICE : £600 K +++ 22, ISLINGTON ROAD, SOUTHVILLE, BRISTOL BS3 1QB
Southville
PROPERTY AREA 2579.0 ft 2 /236.9 m 2
HMO + flat investment combo A Freehold semi detached period property (2579ft2) arranged over 4 floors with an enclosed rear garden. The property comprises a recently renovated 2 bedroom self contained flat with garden on the lower ground floor and a self contained 6 bedroom HMO on the upper 3 floors with communal kitchen, lounge and bathroom facilities. • Investment The property is currently let on AST Agreements producing an income of £42,840 pa (Flat & HMO) and is sold subject to the existing tenancies. • Scope to increase HMO income The HMO element of the property has scope to increase the income – upgraded rooms: £650 PCM . Potential HMO Income £46,800 pa Potential TOTAL income including flat: £59,400pa.
30
EXISTING INCOME
TOTAL £42,840 PA
FLAT: £1050 pcm HMO Room 1 £425 pcm (commenced June 2017: vacating 23rd May) Room 2 £465 pcm (October 2016: due to vacate 1st June) Room 3 £415 pcm (January 2015) Room 4 £405 pcm (February 2017) Room 5 £420 pcm (February 2017): due to vacate 20th May Room 6 £390 pcm (November 2017: due to vacate –refer to legal pack)
SOLICITORS
contact:
Stephen Brice, AMD Solicitors
stephenbrice@amdsolicitors.com
Made with FlippingBook - professional solution for displaying marketing and sales documents online