Maggs & Allen says ..
This five storey period building is situated in the heart of Bristol City Centre. The property is in need of some updating and is currently arranged as a fully let and licenced 6-bedroom student HMO producing £38,800 per annum. Set in a fantastic location and perfect for the student rental market...
Property Oracle says ..
This six-bedroom property on John Street, Bristol City Centre, presents itself as an investment opportunity rather than a move-in-ready home. Its central location in Bristol offers excellent proximity to transport links, making it very appealing to students, and it is already being operated as a licensed HMO. However, the property’s current state requires considerable work. The images suggest that the property requires comprehensive refurbishment of the kitchen and bathrooms, along with significant modernisation throughout. The lack of outdoor space is also a noticeable factor. While the potential rental income from operating it as a student HMO is a significant benefit for investors, potential buyers should factor in substantial renovation costs before making an offer. The price should be viewed with caution and a professional surveyor’s assessment is crucial before committing to a purchase. The average house price on John Street is much lower which needs to be taken into consideration. Further research into the long-term rental prospects and regulatory compliance for HMOs in the area is also recommended for investors. Buyers should approach with the understanding that this is a significant project requiring capital investment and management skills.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 4
- Location
- 8
- Land
- 1
- Bedrooms
- 6
- Bathrooms
- 2
- Sqft (est)
- 1,410.93
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 487,124.00 £Increased by 94.35 %
- Est sale value
- 869,132.88 £Increased by 112.41 %
- Average area rental value
- 1,220.00 £/moIncreased by 6.46 %
- Est letting value
- 1,410.93 £/moUnchanged by 0.00 %
- Est rental Yield
- 3.01 %Decreased by 45.17 %
- Crime Rate
- 23.00 %Unchanged by 0.00 %
Agent Activity
Maggs & Allen created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Willow Park Cofe Primary School | Voluntary Controlled School | 0.55 KM | |
| Bristol Cathedral Choir School | Academy Sponsor Led | Outstanding | 0.90 KM |
| Cathedral Primary School | Free Schools | Good | 0.90 KM |
| North Bristol Post 16 Centre | Sixth Form Centres | 1.06 KM | |
| University Of Bristol | Higher Education Institutions | 1.08 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| John Street | £ 450,000 | 0 | 0.00 KM |
| Broad Street | £ 354,000 | 0 | 0.00 KM |
| Newmarket Avenue | £ 0 | 0 | 0.00 KM |
| Newmarket Avenue | £ 0 | 0 | 0.00 KM |
| Tower Lane | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Redland | 3247 | RDA | 1.50 KM |
| Montpelier | 3203 | MTP | 1.51 KM |
| Bristol Temple Meads | 3231 | BRI | 1.60 KM |
| Bedminster | 3245 | BMT | 1.75 KM |
| Clifton Down | 3202 | CFN | 2.18 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Bristol, BS1 | £ 340,000 | BUY | 6 / 10 | 0.01 KM |
| Bristol, BS1 2EQ. | £ 245,000 | BUY | 8 / 10 | 0.01 KM |
| Bristol, BS1 | £ 320,000 | BUY | Unknown | 0.01 KM |
| Bristol, BS1 | £ 270,000 | BUY | 6 / 10 | 0.01 KM |
| Bristol, BS1 2EQ | £ 335,000 | BUY | 6 / 10 | 0.01 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 15 John Street | £ 220,000 | 0.01 KM |
| 12 John Street | £ 385,000 | 0.01 KM |
| 14 John Street | £ 100,000 | 0.01 KM |
| 17 John Street | £ 389,000 | 0.01 KM |
| 51 Broad Street | £ 225,000 | 0.03 KM |