Summary - 194 ILMINSTER AVENUE BRISTOL BS4 1BY
4 bed 2 bath House
Immediate rental income plus refurbishment upside in a well-connected suburb.
- Freehold block of two self-contained 2-bed flats (approx. 988 sq ft)
- First-floor flat tenanted at £1,050 pcm (income in place)
- Ground/garden flat vacant; needs basic updating and redecoration
- Private entrances, off-street parking and modest rear garden
- EPC rating E; likely scope to improve energy efficiency
- Located in BS4 Knowle; good transport links to city centre
- High local crime and very deprived area may impact yields
- Sale by online auction; extended eight-week completion applies
A practical freehold investment in Knowle: a mid-terraced block arranged as two self-contained two-bedroom flats (approx. 988 sq ft). The first-floor flat is producing immediate income at £1,050 pcm; the ground/garden flat is vacant and requires basic updating, offering clear upside once refurbished.
The building has private entrances, off-street parking and a modest rear garden for the ground flat. Constructed c.1930–49 with double glazing and gas central heating, the property is straightforward structurally but dated internally and will benefit from cosmetic and energy-efficiency works (EPC E). There is scope to re-let both flats to the local professional rental market or, subject to consents, consider alternative lease arrangements.
This lot will be sold by live online auction with an extended eight-week completion period. Buyers should note the property sits in a high-crime, very deprived area with medium flood risk; those factors affect lettability and valuation and should be considered in underwriting costs and insurance.
This is a hands-on investment for a buyer ready to carry out updating and management. The immediate income stream from the tenanted flat reduces short-term vacancy risk while the vacant garden flat provides potential to increase total rent and capital value after refurbishment.
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