Burchells Green Road Kingswood, Bristol
£550,000

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BLOCK OF FOUR SELF CONTAINED FLATS IN POPULAR AREA - FULLY TENANTED - A GREAT OPPORTUNITY TO EXPAND YOUR PORTFOLIO!! TLS Estate Agents are delighted to bring to the market this semi detached property that has been substantially extended and converted (circa 2005) into four well presented self contained one bedroom flats. The block has boasted a low turnover of tenants over the years, and further benefits from an oversized garage which the current owner has always retained for storage. There is a good size communal garden to the rear which is laid mainly to lawn. The 2x ground floor flats also have their own private patio gardens. The front of the property lends itself to off street parking for 3x vehicles, with the 3x larger flats being allocated a space. There is ample on street parking available too. Offered without chain - a surely sound investment!

FLAT ONE

At around 334 square foot, this sizeable ground floor flat compises lounge, separate kitchen, bedroom and shower room. It has an allocated parking space and a private patio garden. The flat is offered to tenants unfurnished, and is warmed by night storage heaters. EPC Rating - D Council Tax - Band A with Bristol City Council

FLAT TWO

At around 420 square foot, this sizeable ground floor flat compises lounge, separate kitchen, bedroom and shower room. It has an allocated parking space and a private patio garden. The flat is offered to tenants unfurnished, and is warmed by night storage heaters. EPC Rating - D Council Tax - Band A with Bristol City Council

FLAT THREE

At around 323 square foot, this is the smallest of the flats and is situated on the first floor. Accommodation compises lounge open to kitchen, bedroom and shower room. This property has historically not been offered with a parking space. The flat is offered to tenants unfurnished, and is warmed by night storage heaters. EPC Rating - D Council Tax - Band A with Bristol City Council

FLAT FOUR

At around 398 square foot, this is a lovely sized first floor flat that compises entrance hall, lounge, separate kitchen, bedroom and shower room. It has an allocated parking space. The flat is offered to tenants unfurnished, and is warmed by night storage heaters. EPC Rating - C Council Tax - Band A with Bristol City Council

Garage

The garage has been retained by the current owner for personal storage, an option certainly afforded to the new owner. It could also offer further income potential.

Figures

The property is currently generating £3,075 per month, however there is certainly scope to increase the rents to be more in line with market value. We feel that this property has the potential to generate nearer £4,000 per month which would give a healthy 8.73% yield at asking price.

VIEWINGS

Viewings are strictly by appointment only - please contact TLS to arrange your internal inspection.

Disclaimer

Potential purchasers are to be advised that this property is being sold on behalf of an employee / relative of an employee of Total Lettings Ltd TA TLS Estate Agents