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See how verdicts work2-bedroom flat · BS31 1SJ
For saleListed 159 days
Opportunity summary
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About
Situated on the top floor of a popular, lift serviced retirement complex, this two double bedroom flat enjoys delightful views of the Resident's gardens from the majority of rooms.
Internally the property is entered via a secure telephone entry system that has a choice of stairs and a lift that rise to the second floor and provide access to the flat.
Once inside a lengthy entrance hallway with two large storage cupboards is found, from this room the remaining accommodation is accessed.
This consists of a good sized lounge with garden views, a kitchen, two double bedrooms (both with built in wardrobes and garden views) and a spacious three piece suite shower room.
Properties in Homeavon House are well suited to those looking to downsize into retirement accommodation due to the convenient location close to town centre amenities and several bus routes.
The complex boasts extensive Resident's Facilities including: A Resident's Lounge, Laundrette, Guest Suite (available at an extra charge) and a on site House Manager (not 24hrs).
The flats are surrounded by well cared for gardens that residents have exclusive use of.
Interior Communal Entrance Accessed via secure telephone entry system and leading to Resident's Lounge, House Manager's Office and Laundrette.
Stairs and lift rising to second floor and providing access to Flat 53. Internal Hallway (5.4m x 1.0m (17'8" x 3'3")) Electric panel heater, power point, walk in storage cupboards, doors to rooms.
Lounge (5.49m x 3.00m (restricted head height in places) () Double glazed window to front aspect overlooking communal gardens, electric night storage heater, power points, opening leading to Kitchen.
Kitchen (2.9m x 1.7m (9'6" x 5'6")) Double glazed window to side aspect, Kitchen comprising range of matching wall and base units with rolled top worksurfaces over, stainless steel sink with mixer tap over, space and power supply for electric oven and upright Fridge/Freezer, power points, extractor fan, tiled splashbacks to all wet areas.
Bedroom One (4.39m x 2.79m (restricted head hieght in places) () Double glazed window to rear aspect overlooking gardens, built in double wardrobe, night storage heater, power points.
Bedroom Two (4.50m x 2.49m (restricted head height in places) () Double glazed window to rear aspect overlooking gardens, built in double wardrobe, night storage heater, power points.
Shower Room (2.8m x 1.7m (9'2" x 5'6")) Matching three piece suite comprising hidden cistern W.C, wash hand basin, walk in shower cubicle with electric shower over, heated towel rail, extractor fan, tiled splashbacks to all wet areas.
Resident's Facilities Residents have exclusive use of a range of facilities including a communal Lounge with Kitchenette, a Laundrette, a Guest Suite (available at an extra charge), on site House Manager (not 24hrs) and delightful Resident's gardens.
Tenure This property is leasehold with approximately 86 years remaining on the lease. The Lease is dated 15th April 1988 - Term - 125 years from 1st February 1987.
A yearly ground rent of £545.00 is payable in addition to yearly management charges of £5,263.00.
Council Tax Prospective purchasers are to be aware that this property is in council tax band B according to website.
Please note that change of ownership is a ‘relevant transaction’ that can lead to the review of the existing council tax banding assessment.
Additional Information The property has the benefit of mains water, sewerage and electricity.
Potential purchasers are to be aware that the complex is suitable for owners aged over 60, pets are not permitted and the flat is not suitable for buy to let investment.
Local authority: Bath and North East somerset. Services: All services connected. Broadband speed: Ultrafast 1000mbps (Source - Ofcom).
Mobile phone signal: Outside EE, O2 and Vodafone - all likely available (Source - Ofcom).
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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
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FAQ
About 53 Homeavon House, Bath Road, Bristol
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