93, Ashley Down Road, Ashley Down, Bristol, BS7 9JT

Description

Excellent opportunity to acquire a well-presented three-bedroom first-floor flat in the highly sought-after area of Ashley Down, Bristol, close to Gloucester Road. The property offers spacious and versatile accommodation and is described as suitable for investors seeking a buy-to-let opportunity or owner-occupiers. It was previously let as a House in Multiple Occupation (HMO), producing £1,800 per calendar month (£21,600 per annum), excluding bills. Continued shared accommodation is subject to the necessary planning and licensing requirements. The flat is presented in excellent condition throughout and is ready for occupation or letting.

Accommodation

Three-bedroom first-floor flat. Please refer to the floorplan for approximate room measurements and internal layout.

Location

Situated in Ashley Down, Bristol, within easy reach of Gloucester Road, with independent shops, cafés, restaurants, traditional pubs and everyday amenities. The area has public transport links, multiple bus stops, nearby Ashley Down railway station, and local green spaces including St Andrews Park and Ashley Down Playground/Open Space.

Tenure / Property Information

Investment Analysis

The supplied sold comparables on Ashley Down Road range from £178,000 to £320,000, but they do not confirm bedroom count, floor area, condition or lease terms. The dates also range from 2021 to 2023. The evidence therefore does not support a reliable base GDV or defensible low/high GDV scenario.

Investment Snapshot

Strategy Recommendation

Consider as a buy-to-let or owner-occupier purchase only after confirming the legal pack, lease, current HMO permissions/licensing position and whether the historic £1,800 pcm rent remains achievable. Do not rely on a flip or BRRR strategy without stronger valuation evidence.

Works Required

No refurbishment works are identified in the supplied description, which states that the flat is in excellent condition and ready for occupation or letting. Confirm condition, lease terms and any required compliance works through viewing and the legal pack.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be reliably assessed because the evidence does not establish a defensible GDV, current rent, lease terms, finance costs or refinance valuation. The 75% GDV refinance figure and cash left in are therefore unsupported.

Buy-to-Let Analysis

The previously reported HMO rent was £1,800 pcm, or £21,600 per annum excluding bills. Against the £195,000 guide, this indicates a gross yield of approximately 11.08%; including the £2,280 buyer premium, the yield is approximately 10.95%. This is historical rent evidence rather than confirmed current passing rent. Continued shared accommodation is subject to planning and licensing requirements.

Flip Analysis

A flip assessment cannot be reliably completed. Although sold comparables range from £178,000 to £320,000, the evidence lacks sufficiently comparable bedroom, size, condition and date information. No selling-cost allowance or refurbishment budget is supplied.

Investor Risks & Due Diligence

• Tenure and lease terms are not supplied and require confirmation from the auction legal pack.

• The £1,800 pcm figure relates to a previous HMO letting and is not confirmed as current passing rent.

• Continued shared accommodation is subject to necessary planning and licensing requirements.

• The EPC is rated D.

• The sold comparables show a wide range of £178,000 to £320,000 and lack sufficient specification detail for a reliable GDV.

• Other acquisition costs, including any admin or legal costs, are not supplied.

Recommendation

Consider as a buy-to-let or owner-occupier purchase only after confirming the legal pack, lease, current HMO permissions/licensing position and whether the historic £1,800 pcm rent remains achievable. Do not rely on a flip or BRRR strategy without stronger valuation evidence.

Strategy Rating

Analysis Confidence

The property description, guide price, historic rent, buyer premium and several nearby sold comparables are supplied, but tenure, lease details, current rent, property measurements, comparable specifications and legal/compliance information are missing.