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Plot for sale
Hmo | £54K | Bonus Plot | Fishponds
£525,000
Hmo | £54K | Bonus Plot | Fishponds
£525,000
Our Summary
- Hollis Morgan – MAY LIVE ONLINE AUCTION – A Freehold 6 BED HMO ( 1165 Sq Ft ) fully let producing £54k pa | BONUS PLOT with planning for 2 BED HOUSE or EXTRA HMO BEDROOMS stp – potential £90k paFor Sale By Live Online Auction - ADDRESS | 179 Charlton Road, Fishponds, Bristol BS15 1LZ Lot Number TBCThe Live Online Auction is on Wednesday 14th May 2025 @ 17:30Registration Deadline is on Monday 12th May 2025 @ 16:00The Auction will be streamed LIVE ONLINE via the Hollis Morgan website & you can chose to bid by telephone, proxy or via your computer
- Registration is a simple online process – please visit the Hollis Morgan auction website and click “REGISTER TO BID”The Property - A Freehold end of terrace property with accommodation ( 1165 Sq Ft ) arranged over 3 floors and comprising a refurbished ( 2021 ) purpose built 6 bed | 3 bath fully license HMO with stylish open plan communal kitchen living space
- 2 BED HOUSE Planning was granted in 2023 for demolition of side-extension and erection of a 2 bed house
- ( We do not know if the vendor will have a planning decision before the auction ) 25/11213/F | Change of use only from small House of Multiple Occupation (C4) to large House of Multiple Occupation (Sui Generis) with 7 bedrooms for seven people including parking, bins and cycle storage
- HMO EXTRA BEDS 7 / 8 | £72k paScope to create bedrooms 7 & 8 Potential income increases to £72k paSubject to consents
- BONUS PLOT | PLANNING GRANTED
- FOR SALE BY ONLINE AUCTION
- HMO | 54K | SCOPE FOR £90K PA
- MAY LIVE ONLINE AUCTION
Description
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Here is a summary of the property description in a single paragraph:
The property is a freehold, 6-bedroom, 3-bathroom HMO (House of Multiple Occupation) located on Charlton Road in Fishponds, Bristol. The property is fully let, producing £54,000 per annum, and is sold subject to existing tenancies. The property has a larger-than-average plot with a large side extension, which has planning permission to be demolished and replaced with a 2-bedroom house. Additionally, planning has been submitted to convert the existing side extension into a 7th bedroom, potentially increasing the property's income to £72,000 per annum. With further consents, the property could be expanded to 10 bedrooms, generating £90,000 per annum. The property will be sold by live online auction on May 14th, 2025, and interested bidders must register by May 12th, 2025.