Summary - 23 HEPBURN ROAD BRISTOL BS2 8UD
1 bed 1 bath Block of Apartments
Period block in St Pauls — immediate income with clear refurbishment upside.
Freehold Victorian block arranged as 2x1-bed flats and 2xstudios/bedsits
Partially let producing £23,640pa; potential circa £45,000pa when refurbished
Break-up GDV circa £630,000 as three one-bed flats (subject to works/consents)
Potential to combine two studios into one one-bed (consents required)
Basement flat includes private rear garden; gas heating in some flats
EPCs vary: Flats E, E, D, C — energy improvements likely required
High local crime and very deprived area; factor management and void risk
Auction sale with 8-week completion; £1,800+VAT buyer’s premium payable
A freehold Victorian block on Hepburn Road offering immediate income and clear scope for value uplift. Currently arranged as two one-bedroom flats and two studios/bedsits, the building is partially let and produces £23,640pa with refurbishment and full occupation estimated to lift rent to circa £45,000pa.
The property suits an investor or break-up buyer: there is potential to reconfigure the two hall-floor studios into a single one-bedroom flat (consents required) and an anticipated GDV of about £630,000 if converted and sold as three one-bed flats. Benefits include gas central heating, double glazing in some flats, a private rear garden for the basement flat, and fast broadband/mobile signal in an inner-city location.
Buyers should note material considerations plainly: the building sits in a very deprived area with high local crime rates, EPC ratings vary (two flats E, one C, one D) and several units need refurbishment to reach the projected rental figures. The lot is offered at auction with an 8-week completion, and a buyer’s premium of £1,800 plus VAT applies on exchange.
This is a practical, cashflow-focused opportunity. An investor prepared to manage refurbishment, tenancy regularisation and licensing/planning enquiries could realise step-change rental income and capital appreciation in a rapidly evolving part of St Pauls.
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