This Grade II listed Georgian townhouse spans four stories and offers significant renovation and investment opportunities. Currently, the property is divided into a ground floor one-bedroom flat and a spacious two-bedroom maisonette occupying the first and second floors. The basement level presents additional potential for conversion into a separate flat, subject to necessary planning permissions.
The existing flats are fully rented to professionals, generating an annual rental income of £30,000. However, this figure has the potential to increase to approximately £49,200 per year with strategic renovations, including converting the basement into a garden flat and adjusting current rents to align with market rates. This transformation could elevate the property's overall value significantly, making it an appealing option for investors looking for long-term gains.
Located in Cotham, close to Kingsdown and Redland borders, the property enjoys easy access to key amenities such as the BRI Hospital and the vibrant social scene along Gloucester Road. The proximity to University of Bristol also makes it attractive for both student and professional tenants. Public transportation options are readily available, with bus routes nearby and Redland train station just a quarter-mile away.
The accommodation includes a hall floor flat measuring approximately 36 m² featuring an open-plan kitchen/living area, double bedroom, and shower room. The maisonette on the first and second floors spans around 98 m² with an entrance hall, living room, kitchen/diner, shower room, and two double bedrooms. The unconverted basement measures about 46 m²—its repurposing could yield substantial returns.
Investors will find this property particularly enticing due to its strong rental demand in the area and the considerable upside potential through renovations. With careful planning and execution, this property could become not only a solid investment but also a valuable asset within Bristol’s real estate landscape.
