Sold STC Land

9 BATH BUILDINGS

BRISTOL, CITY OF BRISTOL BS6 5PT

Listed 21 Aug 2014 (-4351d)

£350,000

Save

# Land for sale (BS6 5PT)

## Property Details

| Key | Value |
|-----|-------|
| Address | 9 BATH BUILDINGS, BRISTOL, CITY OF BRISTOL BS6 5PT |
| Price | £350,000 |
| Last sold | £280,000 Apr 2007 |

## Description

DescriptionIndustrial unit arranged as various small workshop/studio spaces which are all let on license agreements on inclusive rents  which we are informed are producing a gross rental income of approx. £32,304p.a.

The site has previously had consent (now lapsed) for redevelopment to 7 studio workshops and 4x one bedroom flats. However, our client believes there is potential for a further storey to create additional flats subject to obtaining all necessary consents.

LocationSituated to the rear of Kwik-Fit on Cheltenham Road opposite the new 'Essence' development by Linden Homes.

TenureOffered for sale freehold. Currently let on license agreements at £32,304pa (which includes insurance, water, electric and rates (which we are informed equates to approximately £10,426pa).

Planning HistoryApplication no: 07/04221/F.

Construction of seven self-contained ground floor studios (Use Class B1) on ground flour and four flats (Use Class C3) on first floor.

Date of notice of decision: 24.10.08

RenewalApplication no: 11/03127/R

Description of development: Extension of time for planning permission 07/04221/F -

Construction of seven self-contained ground floor studios

(Use Class B1) on ground flour and four flats (Use Class

C3) on first floor.

Committee/Delegation date: 07.12.11

Bath Buildings WebsiteAt www.bathbuildings.co.uk.

ViewingsStrictly by appointment only with Maggs & Allen.

Energy Performance CertificateRating: G

VatAll figures quoted are exclusive of vat unless otherwise stated.

Control Of Asbestos RegulationsAs per the Control of Asbestos Regulations 2006, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. Maggs & Allen has not tested or inspected for Asbestos and therefore recommend all interested parties to make their own enquiries.

The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of this property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor.

## Property Photos

- ![Photo](/listings/photos/47708405/1357224)
- ![Photo](/listings/photos/47708405/1357225)
- ![Photo](/listings/photos/47708405/1357226)
- ![Photo](/listings/photos/47708405/1357227)
- ![Photo](/listings/photos/47708405/1357228)
- ![Photo](/listings/photos/47708405/1357230)
- ![Photo](/listings/photos/47708405/1357235)

## Floorplans

- ![Floor/Site plan 1](/listings/photos/47708405/1357238) - Floor/Site plan 1

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 9 BATH BUILDINGS, BRISTOL, CITY OF BRISTOL, BS6 5PT | £280,000 | 27/04/2007 | Terraced |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| [Same street] 11 FLAT 1 BATH BUILDINGS, BRISTOL, CITY OF BRISTOL, BS6 5PT | £220,000 | 14/11/2025 | Flat |
| [Same street] 47 BATH BUILDINGS, BRISTOL, CITY OF BRISTOL, BS6 5PT | £475,000 | 26/06/2025 | Terraced |
| 144 FLAT 2 CHELTENHAM ROAD, BRISTOL, CITY OF BRISTOL, BS6 5RL | £50,000 | 02/11/2023 | Other |
| RENNISONS YARD UNIT 1 PICTON LANE, BRISTOL, CITY OF BRISTOL, BS6 5EB | £50,000 | 16/10/2023 | Other |
| [Same street] 21 FIRST FLOOR FLAT BATH BUILDINGS, BRISTOL, CITY OF BRISTOL, BS6 5PT | £215,000 | 28/04/2023 | Flat |
| 154 UNIT 2 CHELTENHAM ROAD, BRISTOL, CITY OF BRISTOL, BS6 5RL | £170,000 | 22/12/2022 | Other |
| RENNISONS YARD, 22 FLAT 1 PICTON LANE, BRISTOL, CITY OF BRISTOL, BS6 5EB | £260,000 | 19/08/2022 | Other |
| UNIT 1 WELLINGTON LANE, BRISTOL, CITY OF BRISTOL, BS6 5PY | £570,000 | 25/02/2022 | Other |
| [Same street] 19 BATH BUILDINGS, BRISTOL, CITY OF BRISTOL, BS6 5PT | £247,000 | 14/01/2022 | Flat |
| [Same street] 21 BASEMENT FLAT BATH BUILDINGS, BRISTOL, CITY OF BRISTOL, BS6 5PT | £167,500 | 30/09/2021 | Flat |

**Street average:** £264,900 (5 sales)
**Area average:** £220,000 (5 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £173,375 (2 Other, BS6, 2024–2026)
- **Deviation:** +101.9%

## Rental Range

*ONS Price Index of Private Rents (Bristol, City of). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,695/mo
- **Realistic:** £1,883/mo
- **Optimistic:** £2,071/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Gloucester (Apr 2025 – Mar 2026).*

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 1 Bed Flat, Armidale Place, BS6 | £1,350/mo | 1 | 0.02 miles | OpenRent |
| 2 Bed Flat, Basement, BS6 | £1,550/mo | 2 | 0.04 miles | OpenRent |
| 2 Bed Detached House, Fully Furnished Sydenham Lane, BS6 | £2,295/mo | 2 | 0.11 miles | OpenRent |
| Studio Flat, Montpelier, BS6 | £1,000/mo | 1 | 0.12 miles | OpenRent |
| 2 Bed Detached House, Sydenham Road, BS6 | £2,500/mo | 2 | 0.15 miles | OpenRent |
| 1 Bed Flat, Beckford House, BS1 | £1,500/mo | 1 | 0.17 miles | OpenRent |
| 2 Bed Flat, Cromwell Road, BS6 | £1,550/mo | 2 | 0.21 miles | OpenRent |
| 2 Bed Maisonette, Victoria Walk, BS6 | £1,900/mo | 2 | 0.22 miles | OpenRent |
| 2 Bed Flat, Apsley Villas, BS6 | £1,800/mo | 2 | 0.25 miles | OpenRent |
| 3 Bed Maisonette, Francis House, BS2 | £1,790/mo | 3 | 0.26 miles | OpenRent |
| 1 Bed Flat, City Road, BS2 | £1,150/mo | 1 | 0.27 miles | OpenRent |
| 4 Bed Maisonette, Cromwell Road, BS6 | £2,850/mo | 4 | 0.29 miles | OpenRent |
| 2 Bed Flat, Cotham Road, BS6 | £2,250/mo | 2 | 0.34 miles | OpenRent |
| 2 Bed Flat, Ashley House, BS2 | £1,650/mo | 2 | 0.37 miles | OpenRent |
| 1 Bed Flat, Grosvenor Road, BS2 | £1,250/mo | 1 | 0.37 miles | OpenRent |
| 2 Bed Flat, Grosvenor House, BS2 | £1,900/mo | 2 | 0.39 miles | OpenRent |
| 1 Bed Flat, Kings Quarter Apts, BS2 | £1,500/mo | 1 | 0.39 miles | OpenRent |

**Average rent: £1,752/mo (17 listings)**

## 1% Rule

- **Rent ratio:** 0.47% (weak for cashflow)
- **Max investor price (0.8%):** £206,250
- **Target investor price (1%):** £165,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,650/mo).*

- **Gross yield:** 5.7%
- **Cost-to-rent:** 17.7×
- **Monthly cashflow:** £82/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 1%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -1.6%

## House Price Index (HM Land Registry)

*Official index for City of Bristol; All dwelling types series; as of April 2026.*

- **1y growth (index):** 0.3%
- **5y growth (index):** 14.1%
- **10y growth (index):** 43.7%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

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Property details

Last sold

£280,000 Apr 2007

Local average

£173,375 (+101.9%)

Deprivation

Decile 3 (9,802 of 33,755)

Street crime

1546 incidents within 1 mile (May 2026)

Description

Development site currently arranged as small workshop units let on license agreements producing approx. £32,304pa (all inclusive rent) offering potential for redevelopment. Planning has been granted for the redevelopment to provide 7 studio workshops and 4 self contained flats. However, our client believes there may be potential for a slightly larger scheme subject to obtaining all necessary consents. Situated in a highly popular area in Montpelier just off Cheltenham Road.
DescriptionIndustrial unit arranged as various small workshop/studio spaces which are all let on license agreements on inclusive rents which we are informed are producing a gross rental income of approx. £32,304p.a.

The site has previously had consent (now lapsed) for redevelopment to 7 studio workshops and 4x one bedroom flats. However, our client believes there is potential for a further storey to create additional flats subject to obtaining all necessary consents.
LocationSituated to the rear of Kwik-Fit on Cheltenham Road opposite the new 'Essence' development by Linden Homes.
TenureOffered for sale freehold. Currently let on license agreements at £32,304pa (which includes insurance, water, electric and rates (which we are informed equates to approximately £10,426pa).
Planning HistoryApplication no: 07/04221/F.
Construction of seven self-contained ground floor studios (Use Class B1) on ground flour and four flats (Use Class C3) on first floor.

Date of notice of decision: 24.10.08
RenewalApplication no: 11/03127/R

Description of development: Extension of time for planning permission 07/04221/F -
Construction of seven self-contained ground floor studios
(Use Class B1) on ground flour and four flats (Use Class
C3) on first floor.
Committee/Delegation date: 07.12.11
Bath Buildings WebsiteAt www.bathbuildings.co.uk.
ViewingsStrictly by appointment only with Maggs & Allen.
Energy Performance CertificateRating: G
VatAll figures quoted are exclusive of vat unless otherwise stated.
Control Of Asbestos RegulationsAs per the Control of Asbestos Regulations 2006, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. Maggs & Allen has not tested or inspected for Asbestos and therefore recommend all interested parties to make their own enquiries.
The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of this property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor.

Listed by

Auction, Commercial & Investment

Maggs & Allen

Reference: 47708405

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floor/Site plan 1

Price history

Event	Date	Price	% change
Sold	27/04/2007 (19 years ago)	£280,000	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
Same street 11 FLAT 1 BATH BUILDINGS, BRISTOL, CITY OF BRISTOL, BS6 5PT	£220,000	14/11/2025	Flat
Same street 47 BATH BUILDINGS, BRISTOL, CITY OF BRISTOL, BS6 5PT	£475,000	26/06/2025	Terraced
144 FLAT 2 CHELTENHAM ROAD, BRISTOL, CITY OF BRISTOL, BS6 5RL	£50,000	02/11/2023	Other
RENNISONS YARD UNIT 1 PICTON LANE, BRISTOL, CITY OF BRISTOL, BS6 5EB	£50,000	16/10/2023	Other
Same street 21 FIRST FLOOR FLAT BATH BUILDINGS, BRISTOL, CITY OF BRISTOL, BS6 5PT	£215,000	28/04/2023	Flat
154 UNIT 2 CHELTENHAM ROAD, BRISTOL, CITY OF BRISTOL, BS6 5RL	£170,000	22/12/2022	Other
RENNISONS YARD, 22 FLAT 1 PICTON LANE, BRISTOL, CITY OF BRISTOL, BS6 5EB	£260,000	19/08/2022	Other
UNIT 1 WELLINGTON LANE, BRISTOL, CITY OF BRISTOL, BS6 5PY	£570,000	25/02/2022	Other
Same street 19 BATH BUILDINGS, BRISTOL, CITY OF BRISTOL, BS6 5PT	£247,000	14/01/2022	Flat
Same street 21 BASEMENT FLAT BATH BUILDINGS, BRISTOL, CITY OF BRISTOL, BS6 5PT	£167,500	30/09/2021	Flat

Street average: £264,900 (5 sales)

Area average: £220,000 (5 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -1.6%

House Price Index (HM Land Registry — official index, not sold-price averages): City of Bristol. Series: All dwelling types. As of April 2026.

1y (index) 0.3%

5y (index) 14.1%

10y (index) 43.7%

Rental Range

Estimated market rent for Bristol, City of. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,695/mo

Realistic £1,883/mo

Optimistic £2,071/mo

Based on Local Authority from postcode lookup → Bristol, City of.

LHA (30th percentile) floor for Gloucester: Apr 2025 – Mar 2026

Location

Map view View on Google Maps View on OpenStreetMap Street View BS6 5PT

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Shop	Nuhu	0.1 miles
Bus stop	Nine Tree Hill	0.1 miles
Train station	Montpelier	0.1 miles
Shop	Period Fireplaces	0.1 miles
Train station	Redland	0.4 miles
University	5 Priory Road, Life Sciences	0.9 miles
University	dBs Institute Bristol Campus	1.0 miles
Hospital	Spire Bristol	1.2 miles
Hospital	Saint Peter's Hospice	2.8 miles

Street-level crime

Category	Count
Violence and sexual offences	451
Anti-social behaviour	279
Public order	135
Shoplifting	133
Other theft	121
Criminal damage and arson	114
Burglary	89
Vehicle crime	75
Robbery	44
Bicycle theft	32
Drugs	27
Theft from the person	22
Other crime	16
Possession of weapons	8
Total incidents	1546

Within 1 mile during May 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
E-Act the Dolphin School	Primary	0.0 miles	Requires improvement — 7 Dec 2023
E-Act Montpelier High School	Secondary	0.1 miles	Inadequate — 16 Jun 2022
St Pauls Nursery School & Children's Centre	Nursery	0.3 miles	Outstanding — 7 Sep 2015
Bristol Hospital Education Service	Other	0.4 miles	Outstanding — 6 Dec 2013
E-Act Fairlawn Primary School	Primary	0.4 miles	Good — 5 Jun 2018

Rental Comparables

Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.

Title	Rent	Beds	Distance	As seen on
1 Bed Flat, Armidale Place, BS6	£1,350/mo	1	0.02 miles	OpenRent
2 Bed Flat, Basement, BS6	£1,550/mo	2	0.04 miles	OpenRent
2 Bed Detached House, Fully Furnished Sydenham Lane, BS6	£2,295/mo	2	0.11 miles	OpenRent
Studio Flat, Montpelier, BS6	£1,000/mo	1	0.12 miles	OpenRent
2 Bed Detached House, Sydenham Road, BS6	£2,500/mo	2	0.15 miles	OpenRent
1 Bed Flat, Beckford House, BS1	£1,500/mo	1	0.17 miles	OpenRent
2 Bed Flat, Cromwell Road, BS6	£1,550/mo	2	0.21 miles	OpenRent
2 Bed Maisonette, Victoria Walk, BS6	£1,900/mo	2	0.22 miles	OpenRent
2 Bed Flat, Apsley Villas, BS6	£1,800/mo	2	0.25 miles	OpenRent
3 Bed Maisonette, Francis House, BS2	£1,790/mo	3	0.26 miles	OpenRent
1 Bed Flat, City Road, BS2	£1,150/mo	1	0.27 miles	OpenRent
4 Bed Maisonette, Cromwell Road, BS6	£2,850/mo	4	0.29 miles	OpenRent
2 Bed Flat, Cotham Road, BS6	£2,250/mo	2	0.34 miles	OpenRent
2 Bed Flat, Ashley House, BS2	£1,650/mo	2	0.37 miles	OpenRent
1 Bed Flat, Grosvenor Road, BS2	£1,250/mo	1	0.37 miles	OpenRent
2 Bed Flat, Grosvenor House, BS2	£1,900/mo	2	0.39 miles	OpenRent
1 Bed Flat, Kings Quarter Apts, BS2	£1,500/mo	1	0.39 miles	OpenRent

Average rent: £1,752/mo (17 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.47%

Max investor price (0.8%) £206,250

Target investor price (1%) £165,000

Gross yield 5.7%

Cost-to-rent ratio 17.7×

Monthly cashflow £82/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 1%

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).
Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).