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SOLD STC

Russell Road, Bristol, BS16

£245,000
Added on 04/02/2020
Purple Frog Property Limited, Birmingham
PROPERTY TYPE
House of Multiple Occupation
BEDROOMS
x4
BATHROOMS
x2

Property description

A mid terrace property in good condition, but with potential to raise rents through further improvements which is let to four students for the 2018/19 academic year and with one room rented so far for the 2019/20 academic year. It has been extremely well kept by the current owners who have rented the property to students for a number of years under Purple Frog management (Appropriate licencing and certificates are available) and utilises; Three bedrooms and a bathroom on the firsts floor; One further bedroom and a Living room which open plan to the kitchen; front and generous rear garden.

Financial:

There is a history of 52 week lets here, but the current tenancy averages 50 weeks at £364.62 per week - bills charged additionally which is £18,231 annually based on a 50 week letting season) and offering 7.59% net return. 
We have now let for the 20/21 academic year at £19,680 offering an 8% net return. 

Accommodation:

Hall: Radiator, stairs to first floor, meter cupboard and under-stairs open storage area 

Bedroom 1: A double bedroom with : Bed, wardrobe, desk and chair, double glazed window and radiator, stripped wooden floors.

Living Room: Arch opening to the kitchen, with: Sofa, two arm chairs, coffee table, door to rear garden, and radiator

Kitchen: A range of storage units with a stainless steel sink unit, integrated oven and hob (extractor above), fridge, freezer, washing machine, tiling to splash backs. 

First Floor:

Shower Room: A good size shower room with: Shower cubicle, wash-hand basin, WC, obscure double glazed window, tiling to splash backs 

Bedroom 2: A double bedroom with : Bed, wardrobe, desk and chair, double glazed window and radiator.

Bedroom 3: A double bedroom with : Bed, wardrobe, desk and chair, double glazed window and radiator, stripped wooden floors.

Bedroom 4: A double bedroom with : Bed, wardrobe, desk and chair, double glazed window and radiator, stripped wooden floors.

Garden: 

A generous garden, mostly of lawn, but with hard standing areas, perimeter fences and a rear gate which accesses an alleyway which leads to the road.

Brochures

Brochure 1

Russell Road, Bristol, BS16

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Stapleton Road Station1.9 miles
  • Lawrence Hill Station2.0 miles
  • Montpelier Station2.8 miles
Mortgages
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About the agent

Purple Frog Property Limited, Birmingham

189 Dawlish Road, Bournbrook, Birmingham, B29 7AW

Purple Frog Property Limited, Birmingham

At Purple Frog, we specialise in student investment property. That’s what sets us apart from other Estate Agents.

Our vast knowledge of the market means we’re able to achieve excellent results for our clients. We do this by smoothly managing the whole sales process, anticipating and heading off any problems and objections that might arise.

You could be buying or selling, but either way, you’ll encounter the huge benefits that Purple Frog Sales brings and you’ll notice a fresh and

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