# 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 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. ## 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 | |------|------|------|------|------| | Studio Flat, Montpelier, BS6 | £1,000/mo | 1 | 0.12 miles | OpenRent | | 2 Bed Flat, Cromwell Road, BS6 | £1,550/mo | 2 | 0.21 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 | | 2 Bed Flat, Ashley House, BS2 | £1,650/mo | 2 | 0.37 miles | OpenRent | | 2 Bed Flat, Grosvenor House, BS2 | £1,900/mo | 2 | 0.39 miles | OpenRent | **Average rent: £1,507/mo (6 listings)** ## 1% Rule - **Rent ratio:** 0.46% (weak for cashflow) - **Max investor price (0.8%):** £200,000 - **Target investor price (1%):** £160,000 *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 £1,600/mo).* - **Gross yield:** 5.5% - **Cost-to-rent:** 18.2× - **Monthly cashflow:** £37/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 0.4% *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)