A new study by AB Dryling shows that Bristol is the second most expensive city to live in the UK, with houses priced at £384,348 on average.
Auctioned properties can often be a cheaper alternative to get in the property ladder as they are often priced at a lower going rate, meaning that they can lead to opportunities to get a few thousand pounds off what you’d normally pay for a house.
Remember, however, that some of the auctioned properties may require a significant amount of work to make them habitable.
Also note that that auctioned properties have guide prices which could increase significantly during the bidding war and the money needs to be paid upfront.
Scroll through to see the cheapest HMO homes in Bristol that are currently up in the auction market.
1. Bridge Farm, Bell Hill, Stapleton, Bristol BS16
Guide Price: £200,000 Auction Day: May 23 at 6pm. The Grade II listed 6-bedroom farmhouse is located in Stapleton and is arranged over three floors with an additional cellar, barns and outbuildings and needs complete renovation. The property also benefits from a beautiful walled front/side garden and mature gardens at the back. The farmhouse sits within the curtilage of Bridge Farm, which covers an area of circa 3.5 acres and abuts Glenfrome Road and Bell Hill in Stapleton, has easy access to amenities in Stapleton village and good transport links into the city centre. Bridge Farm is an emerging project which is embracing a different approach to living and working, with a focus on sustainable living, sustainable transport, local food production, local renewable energy production, energy efficiency, connecting with nature, and having a lighter footprint on the planet. The farmhouse is to be sold on a new 999-year lease with the freehold being retained by the community organisation, with the objective that it transfers to a community land trust in due course, which the successful purchaser can be part of. Planning consent has been granted for the conversion of the farmhouse into a 5-bedroom HMO under a wider application which also includes the conversion of 3 separate barns within Bridge Farm into self-contained dwellings and the conversion of various other outbuildings into workshops, a café and event spaces under the community-led project. For more information on the property and how to contact Maggs & Allen, visit: https://www.zoopla.co.uk/for-sale/details/66718141/?search_identifier=0409d64eb5f463462bbd74d87af4bf5de9e0c7897e49d92bee5aa2020efaec88 Photo: Maggs & Allen
2. 54 Lower High Street, Shirehampton, Bristol, BS11
Guide Price: £350,000 Auction Day: May 22 The detached house benefits of three bedrooms and two reception rooms, needs some cosmetic attention and has potential as a HMO, subject to licensing and planning consents. The ground floor is compromised of two reception rooms, a hallway, a recently fitted kitchen and a cloakroom. There are three bedrooms, and a family bathroom on the first floor. To the front of the property is a lawn area with mature hedgerow boarders and flower beds. To the rear is a level garden with a range of mature trees and shrubs, extending to approximately 6m from the back of the house. For more information on the property and how to contact City & Rural Property Auctions, visit: https://www.zoopla.co.uk/for-sale/details/67090788/?search_identifier=0409d64eb5f463462bbd74d87af4bf5de9e0c7897e49d92bee5aa2020efaec88 Photo: City & Rural Property Auctions
3. Brook Road, Montpelier, Bristol BS6
Guide Price: £350,000 Auction Day: May 23 at 6pm The end of terrace period property is currently arranged as a licensed 4-bedroom HMO and produces £2,200pcm in rent, and has scope to increase the rents following a cosmetic refurbishment. The property is compromised of an entrance hall, living room/bedroom and a kitchen/dining/living room with a door leading to the rear garden on the ground floor and three bedrooms and a bathroom on the first floor. The property also benefits from a enclosed front garden and a courtyard garden to the rear. It has easy access to Bristol city centre and the M32. For more information on the property and how to contact Maggs & Allen, visit: https://www.zoopla.co.uk/for-sale/details/67131651/?search_identifier=0409d64eb5f463462bbd74d87af4bf5de9e0c7897e49d92bee5aa2020efaec88 Photo: Maggs & Allen
4. 29 Kendon Drive, Westbury-On-Trym, Bristol, BS10
Guide Price: £375,000 Auction Day: May 22. The three-bedroom 1940s semi-detached house has been externally well maintained but would benefit from internal updating. The property is located on the Westbury-on-Trym/Henleaze boarders, backs to the playing field of the popular Horfield C of E Primary School and is within walking distance of Southmead Hospital. The driveway to the side of the house, which provides parking for several cars, leads to a good sized garage/workshop and an unusual air raid shelter at the far end of the back garden which slopes up to a fence. There is also a raised garden area at the front of the property leading to the front door. The house is compromised of two receptions and a kitchen on the ground floor, and 3 bedrooms, a bathroom and a separate WC on the first floor. The property is situated outside the North Bristol Article 4 Area and could serve as a potential HMO, subject to licencing and appropriate consents. For more information on the property and how to contact City & Rural Property Auctions, visit: https://www.zoopla.co.uk/for-sale/details/67131175/?search_identifier=0409d64eb5f463462bbd74d87af4bf5de9e0c7897e49d92bee5aa2020efaec88 Photo: City & Rural Property Auctions