Block of flats for sale in Overnhill Road, Downend, Bristol BS16
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- 19 September live online auction
- Block of 5 x 1-bedroom flats
- Large corner plot with potential for further development
- In need of renovation throughout
- Potential rental income of circa £52,500 pa
- Break-up values of circa £750K once renovated
Property description
Block of 5 X 1-bedroom flats
A substantial period semi-detached property arranged as five, self-contained 1-bedroom flats. The property occupies a generous corner plot with a large rear garden (approx. 70 ft) that may offer scope for further development, subject to consents. The property is in need of renovation throughout and offers a superb investment or break-up opportunity. Situated on a highly sought-after residential road in Downend, easy access is provided to a wide range of local amenities in Downend and Staple Hill.
For Sale By Auction
This property is due to feature in our online auction on 19 September 2024 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
Viewings
By appointment.
Summary
A block of 5 X 1-bedroom flats for refurbishment on A large corner plot
Description
A substantial period semi-detached property arranged as five, self-contained 1-bedroom flats. The property occupies a generous corner plot with a large rear garden (approx. 70 ft) that may offer scope for further development, subject to consents. The property is in need of renovation throughout and offers a superb investment or break-up opportunity. Situated on a highly sought-after residential road in Downend, easy access is provided to a wide range of local amenities in Downend and Staple Hill.
Location
The property is situated on Overnhill Road in Downend on the corner of Overnhill Court. A widea range of amenities are available locally in Downend/Staple Hill and excellent transport links are provided to the A4174 Ring Road and the motorway network.
Schedule Of Accommodation / Tenancy Details
Flat 1 - A ground floor flat comprising a living room, kitchen, bedroom and shower room (Vacant).
Flat 2 - A ground floor flat comprising a living room, kitchen, bedroom and shower room (Vacant).
Flat 3 - A first floor flat comprising a kitchen/living room, bedroom and shower room (Vacant).
Flat 4 - A first floor flat comprising a kitchen/living room, bedroom and shower room (Vacant).
Flat 5 - A second floor one-bedroom flat (unable to inspect) - Currently let producing £425 pcm.
Please refer to floorplan for approximate room measurements and internal layout.
Pre-Planning Advice
A pre-application was submitted to South Gloucestershire Council in 2006 in relation to the potential construction of two new dwellings on the rear garden land. At this time, the response from the Council stated that 'a smaller scaled single dwelling on the plot, with access from Overnhill Court may be acceptable here'.
Tenure
The property is to be sold on a freehold basis, subject to the tenancy of the top floor flat (Flat 5).
Completion
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
Energy Performance Certificate (Epc)
Ratings:
Flat 1 - F
Flat 2 - F
Flat 3 - tbc
Flat 4 - tbc
Flat 5 - tbc
Letting - What Can Maggs & Allen Achieve For You?
Maggs & Allen's experienced letting team are happy to discuss the rental of this property and can advise on maximising the investment. We offer Full Management, Let Only and Rent Collection Services. Contact Jessica Archer and her team on or email .
Auction Or Bridging Finance Required?
Do you need a mortgage or loan quickly? Maggs & Allen have specialist Independent Brokers who can arrange residential and commercial finance on all types of property. Contact the Auction Team today to be put through to our mortgage and loan experts on or email
Buyer's Premium
Please be advised that all purchasers are subject to a £1,500 plus VAT (£1,800 inc VAT) buyer’s premium payable upon exchange of contracts.
*Guide Price
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Reserve Price
The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Proxy, Telephone & Online Remote Bidding
The auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid. You will need to complete our remote bidding form, which is available to download from our website. The completed form, id (driving licence or passport and a recent utility bill stating the home address of the purchaser) and a bank transfer for the Preliminary Deposit must be received no later than 24 hours before the date of the auction.
Preliminary Deposits
The Preliminary Deposit required for each lot you wish to bid for will be calculated based upon the Guide Price as follows:
£1,000 - £150,000: £5,000
£151,000 and above: £10,000
If you bid is successful, the balance of the deposit monies and Buyer’s Premium (£1,800 inc VAT) must be transferred to our client account within 24 hours of the auction sale. If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you within 5 working days.
Rental Estimates
All rental estimates are provided in good faith. They should be verified by your own professional advisors prior to a commitment to purchase.
Property info
For more information about this property, please contact
Maggs & Allen, BS9 on +44 117 295 4523 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Maggs & Allen, and do not constitute property particulars. Please contact Maggs & Allen for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.