Hollis Morgan Auctions says ..

Property Oracle says ..

This property, a 5-bed HMO with a retail unit on Ashley Down Road in Bristol, presents a mixed investment opportunity. The property’s location in Ashley Down is favorable, with proximity to well-regarded primary schools and the bustling Gloucester Road. The presence of several train stations within reasonable driving distance further enhances its accessibility. However, the property is in need of significant modernisation. The interior images reveal outdated fixtures, fittings, and some signs of disrepair. The kitchen and bathrooms require complete refurbishment. Whilst the exterior appears structurally sound, the interior needs considerable investment to improve its condition and market value. The garden is small and requires landscaping. While the property is listed at £385,000, without accurate square footage data, it’s difficult to definitively assess the price per square foot. The asking price may be perceived as high due to the necessary renovations and the absence of precise property dimensions. The property’s potential lies in its redevelopment and subsequent rental income from the five-bed HMO, provided the necessary renovations are undertaken. Prospective buyers should factor in considerable renovation costs before making an offer. The lack of precise sqft and plot size data is a limitation to a comprehensive analysis of price competitiveness.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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