3-bedroom flat · BS6 7AD
Sold STCListed 268 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Enjoying a highly convenient location just around the corner from vibrant Gloucester Road this 3 double bedroom upper floor maisonette with allocated parking space is ideally suited to first time buyers wanting additional space or as a student home/rental.
An additional HMO licence is in place. Offered for sale with no onward chain.
One of two flats in the building the maisonette is accessed via front door shared with downstairs into a communal hall with stairs rising to the first floor.
From the landing a front door opens into the maisonette. The first floor provides a spacious living room with large rectangular bay window to the rear. Plenty of space for sofas and a dining table.
The kitchen is to the front and is a good size with large window overlooking the street. Modern range of kitchen units with built in oven, hob, washing machine, fridge/freezer. Small breakfast bar.
Also on this floor is one of the double bedrooms. Again positioned to the front with large bay window.
Adjacent to it is a the bathroom which features modern white suite with shower over the bath, washing basin and WC. Window to the front aspect for light and ventilation.
Moving upstairs there is another double bedroom on the half landing with window to the rear aspect.
Carrying on up the largest bedroom is positioned in the roof space and with sloping ceilings is a characterful room. A large additional walk in loft space can be accessed via the top floor landing.
The maisonette has gas fired central heating supplied via a combination boiler. Important Information: The existing owner will retain ownership of the ground floor apartment.
A new management company is being created that will own the freehold of the property. Each of the two flat owners will then become directors of the management company.
A new long lease will be created for each of the properties. The service charge will be decided upon between the two owners. We are not aware of any ground rent being payable.
This information should be checked by your legal advisor.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Zetland Road, Redland, Bristol, BS6
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