Overview:An exciting opportunity to acquire a well-maintained and fully tenanted HMO property situated along Lower Redland Road in the highly sought-after area of Redland, Bristol. The property has been cleverly split into three separate units, including a spacious 3-bedroom maisonette and two studio-style flats, making it an ideal investment for those looking to acquire a reliable income-generating asset. The property also benefits from a private garden, enjoying a sunny aspectperfect for tenants to relax and enjoy outdoor space.Accommodation:Unit 1: 3-Bedroom MaisonetteA generous 3-bedroom maisonette offering spacious living area, modern kitchen, white bathroom suite. Perfect for long-term tenants seeking a larger, multi-bedroom home.Unit 2: Studio FlatA well-sized ground floor studio flat, featuring an open-plan living and kitchenette, bedroom area, shower room and external rear doorway out to the garden.. Ideal for young professionals or individuals seeking a compact living arrangement.Unit 3: Studio FlatAnother ground floor studio flat, that includes multi purpose living area, separate kitchen and a modern shower room, providing an excellent rental income and appealing to students or professionals alike.Rental Income:The property currently generates a collective rental income of approximately 3,500 per month, with existing tenants in situ.Investment Potential:This property offers fantastic potential for a buy-to-let investor or an HMO landlord looking to expand their portfolio. With its excellent location, generous rental income, and added bonus of a private garden, this property is a must-see for anyone looking for a strong investment in the Bristol rental market.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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