Studio for sale

£89,950

Lower Ashley Road, Bristol BS2

Studio for sale 1
Interested in this property? Call +44 1702 787668 * or Request Details

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Property features

  • 8% assured for 3 Years
  • 5% interest paid on deposited funds
  • 51,000 full time students
  • 78 studio units
  • 250 year lease
  • Communal gardens
  • Full wi-Fi throughout

Property description

Lower Ashley Road is a brand new, purpose built development of 78 studio apartments. This fully managed student accommodation is situated in an area undergoing significant regeneration, to the north east of Bristol city centre.

There are two prestigious universities within Bristol, the University of Bristol and the University of the West of England, and between them they have 51,000 full time students. Currently, the universities only provide accommodation for approximately 7,000 students, therefore there is considerable demand for private student accommodation, making this development an appealing investment opportunity.

Bristol, A Great place to live and Invest

The city of Bristol is the capital of the south west region, and is a really exciting place to live. Awash with culture, creativity, stunning architecture and a real sense of community, this vibrant city is a place that locals are proud of and tourists flock to visit.

Whilst it has a strong maritime history based around its ports, it has also developed a thriving service sector, and is one of the largest employment centres for banking, finance and insurance outside of London.

The city has seen huge investment over the years, with the development of a £500 million shopping centre, Cabot Circus, and the Bristol Temple Quarter Enterprise Zone, which is a hub for creative, high-tech and low-carbon industries. Aerospace, defence and media industries also play a major role in Bristol's booming economy, with many employees originating from Bristol's prestigious universities.

The result of all this investment is that Bristol has seen higher rates of economic growth and lower rates of unemployment than in any of the other main UK Cities. But this growth and development has not been to the detriment of the city's environment; Bristol takes its environmental responsibilities very seriously and is the uk's first cycling city. In fact their green, sustainable approach has been recognised with Bristol being awarded European Green Capital status.

There are acres of beautiful parkland, award-winning cycle tracks, impressive cityscapes and awe-inspiring street art, notably by Bristol's very own Banksy. Bristol has so much to offer, and it's not surprising that The Sunday Times named it as the best city in Britain in which to live in 2014 and 2017.

Property value data/graphs for BS2

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £480,256 £303 4.0 -
Semi-detached £373,022 £317 3.3 £477,733
Terraced £304,834 £324 2.9 £317,160
Flats £208,279 £333 1.7 £229,841

Current asking prices in BS2

Average: £255,323
Avg. current asking prices in BS2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £330,000
(2)
£510,000
(7)
£412,000
(2)
-
Flats £172,732
(19)
£241,952
(22)
£188,333
(3)
- -
All £172,732
(19)
£249,290
(24)
£413,500
(10)
£412,000
(2)
-

Current asking rents in BS2

Average: £879 pcm
Avg. current asking prices in BS2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £464 pcm
(2)
- - - -
Flats £768 pcm
(7)
£1,104 pcm
(5)
- - -
All £700 pcm
(9)
£1,104 pcm
(5)
- - -

Fun facts for BS2

Highest value in BS2
Highest value streets Zed-Index
Somerset Street £722,164
Highbury Villas £605,963
Alfred Place £503,450
Marlborough Hill Place £450,956
The Yard £420,039
Highest turnover in BS2
Highest turnover streets Turnover
Surrey Street 65.4%
Waterloo Road 47.3%
Montague Street 46.2%
King Square Avenue 44.6%
Talavera Close 41.1%
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For more information about this property, please contact
Sand Royale, SS9 on +44 1702 787668 * (local rate)

Monthly running costs Beta

£417 Monthly total

Energy

Gas £18 Electricity £28 Estimated energy cost £46/mo

Similar properties could save up to £160

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 5000 kWh/year
Electricity: 1800 kWh/year

Source: National Energy Efficiency Data Framework

Water

Supply £14 Sewerage £14 Estimated water cost £28 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Sand Royale about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Sand Royale, and do not constitute property particulars. Please contact Sand Royale for full details and further information. The Running Costs data displayed on this page are provided by Homes24 to give an indication of potential running costs based on various data sources. Homes24 does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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