Summary - 194 ILMINSTER AVENUE BRISTOL BS4 1BY
4 bed 2 bath Flat
Immediate rental income plus refurbishment upside in Knowle, South Bristol.
Freehold block of two self-contained 2-bed flats
First-floor flat tenanted at £1,050 pcm (£12,600 pa)
Ground-floor garden flat vacant — requires basic updating
Off-street parking for two cars and private entrances
Total area c. 988 sq ft; compact rental layouts
EPCs grade E; council tax band A (very cheap)
Medium flood risk; high local crime and area deprivation
Auction sale — buyer's premium £1,500 + VAT payable on exchange
A freehold block offering two self-contained 2-bedroom flats in Knowle, Bristol — a compact, income-producing asset aimed at investors. The first-floor flat is tenanted and generating £1,050 pcm, providing immediate rental income, while the ground-floor garden flat is vacant and requires basic updating, creating short-term uplift potential.
The brick-built mid‑20th century building comes with private entrances and off-street parking for two vehicles. The block totals about 988 sq ft and sits on a small plot; accommodation is modest but practical for lettings. EPCs are E, council tax band A and completion is on an extended eight-week timescale.
Buyers should note material considerations: the vacant ground-floor flat needs refurbishment, walls likely lack cavity insulation, flood risk is medium and local crime levels are high. The sale is by online auction (10 December 2025) and a buyer’s premium (£1,500 + VAT) is payable on exchange — factor these into purchase costs and any finance plans.
For investors the proposition is straightforward: immediate income from the tenanted flat, scope to refurbish the vacant flat to re-let at comparable rents, or to reconfigure under new leases subject to consents. Review the full legal pack and surveys before bidding to confirm services, structural condition and any planning or safety constraints.
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