studio flatBell Hill Road, Bristol, BS5 7LJ

This studio flat is well-proportioned, in excellent condition and has been maintained to a high standard by its current owners and sitting tenants. It has a separate kitchen, bathroom and utility room and an open plan living room and bedroom. Just 10min from Bristol City Centre and situated in an area of strong economic growth with excellent transport links, it represents an ideal investment opportunity for either first time buyers or those looking to grow their property portfolio. The value of the property has increased by 23% in just 5 years and currently generates a rental return of £650/month, which could be increased to £800/month. The property's plumbing and bathroom has recently been fully renovated, it has a clean electricity test certificate, and an above average energy rating (it is well-insulated, with a modern heating system installed 5 years ago) - it has no structural issues or defects. The property has a crisscross or Tyneside freehold lease. As a ground floor flat, this ensures the 1st floor flat landlord is responsible for 66% of the costs for any future structural and roof repair costs. Further information can be found here: https://www.lease-advice.org/article/tyneside-leases-a-brief-overview/ With highly responsive sitting tenants that have cared for the property impeccably for 5 years, it is ready to generate an immediate income stream.