An attractive double-fronted Victorian end-of-terrace house located in a sought-after area just off Gloucester Road in Horfield. This property requires complete renovation and offers excellent potential for transformation. It could be converted into a 5-bedroom HMO or flats (subject to necessary consents) or restored as a stunning single-family home. A fantastic opportunity for builders, developers, and investors seeking a rewarding project.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 13 February 2025 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
By appointment.
SUMMARY -
DOUBLE FRONTED PERIOD HOUSE FOR RENOVATION
DESCRIPTION -
A double-fronted Victorian end of terrace house in need of complete renovation, situated in a prime location just off Gloucester Road in Horfield. The property offers potential for conversion to a 5-bedroom HMO or flats (subject to consents), or could be refurbished as a single dwelling. A superb opportunity for builders, developers and investors.
LOCATION -
Situated on Church Road in the popular Horfield area of Bristol, this property enjoys a convenient and vibrant location. Just a short walk from the bustling Gloucester Road, residents can take advantage of a diverse array of independent shops, cafes, bars, and restaurants. The area is well-served by local amenities, including highly regarded schools, green spaces such as Horfield Common, and excellent transport links to the city centre. With its strong community feel and vibrant atmosphere, Horfield is a highly sought-after neighbourhood for families, professionals, and investors alike.
ACCOMMODATION -
The property is approached via an entrance to the side which leads into a central hallway. There are two reception rooms with bay windows to the front, a kitchen, utility room and shower room on the ground floor whilst the first floor provides three double bedrooms and a bathroom. There is a large garage/workshop to the rear with access from Oak Road.
Please refer to floorplan for approximate room measurements and internal layout.
POTENTIAL FOR HMO USE -
The property offers potential for conversion into a 5-bedroom HMO (subject to planning and licensing) and we would anticipate a potential rental income in the region of £45,000 per annum (£750 pcm per room) if consent can be obtained.
COMPLETION -
Completion for this lot will be 6 weeks from exchange of contracts or sooner by mutual agreement.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: F
TENURE -
Understood to be leasehold, please refer to the online legal pack for confirmation.
LETTING - WHAT CAN MAGGS & ALLEN ACHIEVE FOR YOU? -
Maggs & Allen's experienced letting team are happy to discuss the rental of this property and can advise on maximising the investment. We offer Full Management, Let Only and Rent Collection Services. Contact Jessica Archer and her team on 0117 9499000 or email lettings@maggsandallen.co.uk.
AUCTION OR BRIDGING FINANCE REQUIRED? -
Do you need a mortgage or loan quickly? Maggs & Allen have specialist Independent Brokers who can arrange residential and commercial finance on all types of property. Contact the Auction Team today to be put through to our mortgage and loan experts on 0117 9734940 or email admin@maggsandallen.co.uk
BUYER'S PREMIUM -
Please be advised that all purchasers are subject to a £1,500 plus VAT (£1,800 inc VAT) buyer’s premium payable upon exchange of contracts.
*GUIDE PRICE -
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
RESERVE PRICE -
The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
PROXY, TELEPHONE & ONLINE REMOTE BIDDING -
The auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid. You will need to complete our remote bidding form, which is available to download from our website. The completed form, ID (driving licence or passport and a recent utility bill stating the home address of the purchaser) and a bank transfer for the Preliminary Deposit must be received no later than 24 hours before the date of the auction.
PRELIMINARY DEPOSITS -
The Preliminary Deposit required for each lot you wish to bid for will be calculated based upon the Guide Price as follows:
£1,000 - £150,000: £5,000
£151,000 and above: £10,000
If you bid is successful, the balance of the deposit monies and Buyer’s Premium (£1,800 inc VAT) must be transferred to our client account within 24 hours of the auction sale. If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you within 5 working days.
RENTAL ESTIMATES -
All rental estimates are provided in good faith. They should be verified by your own professional advisors prior to a commitment to purchase.
