Period block with strong rental upside and conversion potential in desirable Redland..
Seven lettable units: five bedsits, one studio, one one-bed flat
A substantial Victorian mid-terrace in prime Redland currently arranged as seven lettable units (five bedsits, one studio, one one-bed). The building offers strong rental upside with a quoted potential income in excess of £72,000 per annum once fully modernised and let. It benefits from period character, high ceilings, double glazing added since 2002 and a private rear garden.
This is an investor or developer opportunity: the property is part-occupied and in need of modernisation, so immediate works and management will be required. There is clear scope either to refurbish and maximise HMO-style rental income for students or professionals, or to pursue conversion back to a single-family house subject to necessary consents.
Practical points to note: the house is freehold, constructed before 1900 with stone walls (assumed uninsulated), mains gas central heating, an EPC rating of D, and low local crime. The lot will be sold at online auction with an 8-week completion timetable and a buyer’s premium payable on exchange, so purchasers must be prepared for a swift, conditional purchase process. Buyers should check HMO licensing, planning and the auction legal pack before bidding.