Russell Road, Bristol, BS16

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.