Wallscourt Road, Bristol, BS34 7 bed semi

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Wallscourt Road, Bristol, BS34 7 bed semi

Wallscourt Road, Bristol, BS34
£580,000

Our Summary

  • ASKING PRICE: Offers invited above £580,000 YIELD: 11% (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 7-bedroom, 2-bathroom HMO property is located in Filton, Bristol, and is licensed for use as a large HMO. The property features a kitchen-diner/living area, private parking for three cars, and a well-maintained garden. The property is situated in an Article 4 Area and has planning permission for a Sui Generis HMO, which was approved in 2019. The property is currently managed and let by external agents, with a historic rental income of £63,840 per annum and a projected income of £58,380 per annum for 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 £580,000, which provides a yield of 11% (Gross/ARY). Viewings are only available to proceedable investors due to the tenants being in-situ.
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