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7 bedroom end of terrace house for sale
Bridgman Grove, Bristol, BS34
£550,000
Bridgman Grove, Bristol, BS34
£550,000
Our Summary
- INVESTMENT OPPORTUNITY7 BED HMO FOR SALEBridgman Grove, 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/FVIEWINGS: Due to tenants being in-situ, viewings will only be granted to proceedable investors
- Investment Opportunity
- Scope for further intensification and rental income increases
- Sui Generis Planning for 7 person HMO
Description
This investment opportunity is a 7-bedroom, 2-bathroom HMO property located in central Filton, Bristol, with a asking price of £550,000. The property is fully let to students for the 24/25 academic year and receives strong rental demand. The property features a private parking area and a well-maintained garden. The location is ideal, with easy access to Bristol city center and major aerospace companies. The current rental income is £63,600 per annum, with monthly bills averaging £400. The property is managed and let by external agents, with a management fee of 6% + VAT and a lettings fee of £700 + VAT per annum. The property has a HMO licence and planning permission for a Sui Generis HMO, approved in 2019. Viewings are only available to proceedable investors due to the tenants being in-situ. The property offers a yield of 11.5% (Gross/ARY).