>
Wallscourt Road, Bristol, BS34 7 bed semi
Wallscourt Road, Bristol, BS34
£550,000
Wallscourt Road, Bristol, BS34
£550,000
Our Summary
- INVESTMENT OPPORTUNITY7 BED HMO FOR SALEWallscourt Road, Filton, Bristol, South Glos7 bed, 2 bath, 1 receptionASKING PRICE: £550,000 Excellent 7 Bed Licenced HMO for Sale in FiltonSUMMARY OF ACCOMODATION Licenced 7 bed HMO in central Filton, Bristol, South Glos
- 5% (Gross/ARY) PLANNING AND LICENCING: HMO Licence and Planning Permission for Sui Generis HMO Approved 2019 - Reference No: PT18/1702/F VIEWINGS: Due to tenants being in-situ, viewings will only be granted to proceedable investors
- Building at rear for further conversion / loft conversion opportunities
- Investment Opportunity
- Scope for further intensification and rental income increases
- Sui Generis Planning for 7 Persons
Description
This is an investment opportunity to purchase a 7-bedroom, 2-bathroom HMO property located in Filton, Bristol, South Glos. The property is licensed and has a planning permission for a Sui Generis HMO, approved in 2019. The property features a private parking area and a well-maintained garden to the rear. The property is currently managed and let by external agents, with a historic rental income of £63,840 per annum, and is expected to generate £58,380 per annum in the 2025/2026 academic year. The monthly bills are approximately £400, and the management and letting fees are 6% + VAT and £700 + VAT per annum, respectively. The asking price is £550,000, which offers a yield of 11.5% (Gross/ARY). Viewings are only available to proceedable investors due to the tenants being in-situ.