A superb three-bedroom maisonette in Waring House, ideally located on Redcliff Hill in central Bristol. Offering generous living space, this well-presented property features a bright and airy reception room (currently used as a bedroom) with access to a private balcony, a modern and well-equipped kitchen, and three comfortable bedrooms on the second floor. Additional highlights include a bathroom, a separate WC, and two private balconies, perfect for enjoying city views.
Residents benefit from convenient amenities, including a communal bin and bike store, plus an on-site laundry facility. With a strong rental potential of approximately £24,000 per annum, this property presents an excellent investment opportunity in a prime location. Situated just 400 yards from Wapping Wharf and 500 yards from Bristol’s bustling waterfront, the location is ideal for those seeking vibrant city living.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 20 March 2025 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
By appointment.
SUMMARY -
WELL PRESENTED THREE-BEDROOM MAISONETTE IN CENTRAL BRISTOL
DESCRIPTION -
A superb three-bedroom maisonette in Waring House on Redcliff Hill in the centre of Bristol. This spacious property features a large reception room with a balcony (currently used as a bedroom), a well appointed kitchen, three bedrooms on the second floor, and a bathroom, separate WC and two balconies. The amenities include a communal bin and bike store, as well as an on-site laundry facility. This well presented property presents a superb and high-yielding investment with a potential rental income in the region of £24,000 per annum.
LOCATION -
Situated in the vibrant Redcliffe area, Waring House benefits from proximity to several of Bristol's key attractions. The renowned Wapping Wharf, a hub of independent eateries and shops, is just 400 yards away. Bristol's historic waterfront, offering a variety of pubs, bars, and restaurants, is within a 500-yard stroll. For commuters, Temple Meads Station is conveniently located approximately 500 yards from the property, providing excellent transport links. The area has undergone significant transformation in recent years, with modern developments enhancing its appeal. Notably, St Mary Redcliffe Church, a Gothic masterpiece with 800 years of history, is a short walk away. Redcliffe's blend of historical significance and contemporary amenities makes it a sought-after location for residents.
ACCOMMODATION -
Please refer to floorplan for approximate room measurements and internal layout.
CURRENT RENTAL DETAILS -
Two of the bedrooms are currently let on ASTs producing £690 pcm and £650 pcm respectively. We would anticipate a total annual income of circa £24,000 once the third bedroom has been let.
TENURE -
The property is for sale on the residue of a 125 year lease from 8th December 1986 (approx. 86 years remaining). We understand the property is subject to a yearly ground rent of £10 and the service charge for 2023/2024 was circa £1,930. Please refer to the online legal pack for further details.
HMO LICENSING & PLANNING -
HMO licensing regulations and planning requirements are subject to regular changes, updates and even individual interpretations by the Local Authority. Prospective buyers are therefore required to make their own enquiries with the Local Authority and review the documents contained in the auction legal pack fully to satisfy themselves that the property is compliant in this respect. Maggs & Allen accept no liability in the event that any Licensing or Planning requirements/documents are not in order at the point of sale.
COMPLETION -
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: C
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.
