Property Description
Data accuracy has been partially verified for this property. More info on modelled data points below.
Our analysis
Welcome to 5 Soundwell Road, Bristol, a cozy and compact commercial property type home with 5 bed in the BS16 4QG area. This lovely residence, which comes with the freedom and stability of a freehold ownership, and sits comfortably in tax band .
This classic property was built
The neighbourhood is known for having good properties at a reasonable price -
with a market valuation of £324,500 and a rental potential of £2,109 per month,
,
it represents not just a residence but a worthwhile investment in a sought-after area.
You can discover more about this property by reading the Mouseprice attributes tables in the next section, or if you are the owner and would like to update this property, for example if you've built an extension, you can do so at the top of this page.
Additional analysis
In addition to our own current description, this property has received a tailor-made description dated to Apr 15, 2017. It's possible the property has changed since then,
but we are dedicated to giving you everything you need to make smart property decisions. Here's a snippet, and if you'd like to view the full thing, just click to expand.
"Hollis Morgan MAY AUCTION - A Mixed Use Freehold ( 3090 Sq Ft ) with PLANNING GRANTED to convert into 3 x 1 Bed plus Existing Maisonette - GDV ?550K - ?590K
FOR SALE BY AUCTION *** WITHDRAWN FROM MAY AUCTION - THE MAISONETTE WILL BE OFFERED IN THE JULY AUCTION AND THE VENDOR IS RETAINING THE GROUND FLOOR ***
NUMBER 16
Wednesday 24th May
All Saints Church Pembroke Road, Clifton, Bristol BS8 2HY
Legal packs will be available for inspection from 18:00.
The sale will begin promptly at 19:00 EXTENDED COMPLETION Completion is set for 6 weeks or earlier by mutual consent. WEEKLY SET VIEWING By appointment only.
Please contact Hollis Morgan HQ to arrange a viewing. SOLICITORS Luke Boyce
Fursden Knapper
308-312 St Levan Road
Keyham, Plymouth
PL2 1JP
Tel: 01752 309090 ONLINE LEGAL PACKS Digital Copies of the Online legal pack can be downloaded Free of Charge.
Please visit the Hollis Morgan Website and select the chosen lot from our Current Auction List.
Follow the RED link to 'Download Legal Packs' For the first visit you will be required to register simply with your email and a password.
Having set up your account you can download legal packs or if they are not yet available they will automatically be sent to you when we receive them.
You will be automatically updated by email if any new information is added.
*** STAY UPDATED *** By registering for the legal pack we can ensure you are kept updated on any changes to this Lot in the build up to the sale. THE PROPERTY A large mid terraced mixed use property ( 3090 Sq Ft ) comprising an extended ground floor office space and a large self contained maisonette on the upper floors. LOCATION Soundwell Road is located just off the vibrant High Street within the popular suburb of Staple Hill. An array of local amenities and services are all within close proximity including independent retailers, pubs, bars, cafes and restaurants. Bristol City Centre is approximately six miles away. THE OPPORTUNITY DEVELOPMENT OPPORTUNITY
Planning has been granted to convert the existing ground floor office space to 3 x 1 bedroom flats
GDV ?125,000 - ?135,000 per unit ( ?375,000 - ?405,000 )
The upper floors comprise a large maisonette in need of basic updating with a resale value of circa ?175,000 - ?185,000
There may be scope to split this into 2 units subject to consents.
Potential GDV - ?550,000 - ?590,000 PLANNING GRANTED Reference PK17/0573/PNOR
Alternative Reference Not Available
Application Received Thu 09 Feb 2017
Application Validated Mon 13 Feb 2017
Address 5 Soundwell Road Soundwell Bristol South Gloucestershire BS16 4QG
Proposal Prior Notification under Part 3 Class O for a change of use from an office use (Class B1(a)) to Residential (Class C3) as defined in the Town and Country Planning (General Permitted Development)(England) Order 2015.
Status Decided
Decision Approve with Conditions
Decision Issued Date Wed 05 Apr 2017 PLANNNING INFORMATION Full details of the plans, drawings and elevations can be downloaded with the online legal pack RENTAL APPRAISAL The local lettings experts say:
The Bristol Residential Letting Co. are confident this property would make a good rental investment if developed into flats. Don McKeever of The Bristol Residential Letting Co suggests a rent in the region of:
1 bedroom apartments - ?675pcm
2 bedroom maisonette - ?795pcm
If you would like to discuss more detail on the potential for rental, you can call Don (0117 370 8818) for a no obligation discussion. He will be very happy to advise on maximising the return on this property. EPC For full details of the EPC please refer to the online legal pack. BUYER'S PREMIUM Please be aware all purchasers are subject to a ?750 + VAT (?900 inc VAT) buyer's premium which is ALWAYS payable upon exchange of contracts whether the sale is concluded before, during or after the auction date. GUIDE PRICE An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction. 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. PRE AUCTION OFFERS Some properties may be available to buy prior to the auction. Pre auction offers can be only submitted by completing the OFFER FORM which can be downloaded with the online legal pack - please email the COMPLETED form to ? olly@hollismorgan.co.uk. Please note offers will not be considered until you have VIEWED the property and the COMPLETE LEGAL PACK has been released. In the event of an offer being accepted the property will only be removed from the auction and viewings stopped once contracts have successfully EXCHANGED subject to the standard auction terms and payment of the buyer?s premium
( ?900 ) to Hollis Morgan. Contracts can be signed either via the solicitors or at the Hollis Morgan offices subject to appointment. SURVEYS AND VALUATIONS If you would like to arrange a survey or mortgage valuation of this Lot BEFORE the auction please instruct your appointed surveyor to contact Hollis Morgan and we will arrange access for them to inspect the property. Please note that buyers CANNOT attend the surveys and the surveyors are responsible for collecting and returning keys to the Hollis Morgan offices in Clifton. BIDDING AT THE AUCTION This property is for sale by public auction and if you intend to bid please bring the following:
Proof of identity (valid passport or photo driving licence).
Proof of address (bank statement, recent utility bill, council tax bill or tenancy agreement).
10% deposit payment.
Buyers premium payment.
Details of your solicitor. PAYING THE DEPOSIT & BUYERS PREMIUM We can only accept the following at the auction:
Personal or Company Cheque
Bankers Draft
Debit Card ( NOT CREDIT CARD ) TELEPHONE AND PROXY BIDDING If you cannot attend the auction (although we strongly advise you do) you can make a TELEPHONE or PROXY BID. This authorises the auctioneer to bid on your behalf up to a pre-set limit. Forms and relevant conditions are available to download with the online legal pack. A completed form, ID and two cheques (one for the 10% deposit and one for the Buyer's Administration Fee of ?900) are required by the Auction Department at least two full working days before the auction. AUCTION BUYERS GUIDE VIDEO We have short video guides for both buying and selling by Public Auction on the Hollis Morgan Website. If you have any further questions regarding the process please don?t hesitate to contact Auction HQ. TESTIMONIALS We are very proud of what our past clients have say about us - please visit the Hollis Morgan website to read their testimonials. CHARITY OF THE YEAR Hollis Morgan are supporting Bristol based ? Life for a Cure? as our 2017 Charity of the year which aims ?a LIFE for a CURE?, to raise funds in support of finding the ?Ultimate Vaccine? for Meningitis B. We are delighted to announce that 5 % of every buyer?s premium will be donated to ?a Life for a Cure? which was founded as both a legacy to Ryan and to help raise awareness and valuable funds in search of the ultimate vaccine. This Bristol charity run purely on a voluntary basis is simply about working together to stop other amazing young lives being lost to meningitis. - to learn more about Ryans Story and this fantastic cause please visit there website. www.ryanbresnahan.org/ In 2016 we raised ?4,000 for Bristol based housing charity ?Home Start? to learn more visit the charity section of our website - www.hollismorgan.co.uk/charity/"
