This property presents a unique opportunity for investors seeking to capitalize on its renovation and rental potential. The building is configured as two separate, self-contained one-bedroom flats, spread across two levels in the bustling Easton area of Bristol.
Currently, the ground floor flat is generating rental income, while the first-floor flat sits vacant, awaiting new tenants. With an expected total annual rental income of around £22,800 once both units are occupied, this property offers solid financial prospects. The ground floor unit additionally features an enclosed courtyard garden, which holds the potential for further development into an outdoor seating area or a small home office with appropriate permissions.
Located conveniently on Easton Road, this property benefits from excellent access to local amenities and transport links to Bristol city center. Such a prime position enhances its attractiveness for future tenants and contributes to promising long-term rental yields.
Importantly, the property has full planning consent for redevelopment. There is approval in place to demolish the existing structure and construct a new three-story building featuring six bedrooms designated for HMO (House in Multiple Occupation) use. This significant renovation potential opens avenues for increased income generation and greater investment returns.
The current layout includes one flat that is actively rented at £950 per month under an assured shorthold tenancy (AST), while the other is move-in ready or can be swiftly re-leased. This dual-income capability makes it an appealing option for those looking to expand their property portfolio with minimal initial outlay.
Overall, this property not only stands as a reliable income source but also offers substantial scope for enhancing its value through thoughtful renovations or redevelopment initiatives.
