Hollis Morgan Auctions says ..

Property Oracle says ..

The property is a House of Multiple Occupation (HMO) located in Hillfields, Bristol. It benefits from a relatively central location within Bristol, with good access to transportation links and schools. The property has undergone recent renovations, as evidenced by the modern kitchen and bathrooms. The exterior shows some signs of age but has been maintained to a reasonable standard. The property includes a small garden area to the rear.

Considering the average house price in the area is £335,323 and the average price per square foot is £354, the list price of £525,000 for this HMO appears high. While the property has been renovated and includes six bedrooms and three bathrooms, the plot size is minimal. The higher price might reflect the potential rental income from the multiple occupancy, but a comprehensive financial analysis would be required to determine the true value for money. Nearby comparable properties are mostly terraced houses, and their prices are significantly lower, suggesting the HMO’s price is inflated.

The property’s condition is generally good following renovations, although some areas, such as the original kitchen, show signs of age and require attention. The garden is small but usable. The location is convenient, with schools and transport links within reasonable distance.

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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