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£710,000
Lower Redland Road, Bristol, City Of Bristol, BS6
- 5 beds
£710,000
- 5 beds
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Buy with a mortgage
Estimate monthly mortgage payment:
£3,241 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£35,500
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Overview:
An exciting opportunity to acquire a well-maintained and fully tenanted HMO property situated along Lower Redland Road in the highly sought-after area of Redland, Bristol. The property has been cleverly split into three separate units, including a spacious 3-bedroom maisonette and two studio-style flats, making it an ideal investment for those looking to acquire a reliable income-generating asset. The property also benefits from a private garden, enjoying a sunny aspect�perfect for tenants to relax and enjoy outdoor space.
Accommodation:
Unit 1: 3-Bedroom Maisonette
A generous 3-bedroom maisonette offering spacious living area, modern kitchen, white bathroom suite. Perfect for long-term tenants seeking a larger, multi-bedroom home.
Unit 2: Studio Flat
A well-sized ground floor studio flat, featuring an open-plan living and kitchenette, bedroom area, shower room and external rear doorway out to the garden.. Ideal for young professionals or individuals seeking a compact living arrangement.
Unit 3: Studio Flat
Another ground floor studio flat, that includes multi purpose living area, separate kitchen and a modern shower room, providing an excellent rental income and appealing to students or professionals alike.
Rental Income:
The property currently generates a collective rental income of approximately �3,500 per month, with existing tenants in situ.
Investment Potential:
This property offers fantastic potential for a buy-to-let investor or an HMO landlord looking to expand their portfolio. With its excellent location, generous rental income, and added bonus of a private garden, this property is a must-see for anyone looking for a strong investment in the Bristol rental market.
Mortgage calculator
Find out the cost of a mortgage for your new home.
£3,241 per month
Please be aware, your results are only an estimate and should not be considered as a mortgage quote.
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Stamp Duty tax
These figures are estimates and are provided for guidance only
Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£23,000
Mortgage and legal costs:
£999
HomeBuyer Service - Everything you need to purchase this property all in one place
- Mortgage advice and application
- Conveyancing fee
- Homebuyer protection insurance
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