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Filton Avenue, Bristol, BS34 7 bed semi
Filton Avenue, Bristol, BS34
£550,000
Filton Avenue, Bristol, BS34
£550,000
Our Summary
- INVESTMENT OPPORTUNITY7 BED HMO FOR SALEFilton Avenue, 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
- Investment Opportunity
- Loft conversion potential
- Scope for further intensification and rent income increases
- Sui Generis Planning for 7 Occupants
Description
This is an excellent investment opportunity to purchase a 7-bed licensed HMO in Filton, Bristol, South Glos. The property is located in an Article 4 Area and provides 7 bedrooms, 2 bathrooms, a kitchen-diner/living area, and private parking for 3+ cars, as well as a large and well-maintained garden and bike storage. The property is currently fully let to students for the 2024-2025 academic year and receives strong rental demand. The asking price is £550,000, and the property offers a yield of 11.5% (gross/AR). The current management and lettings fees are £3,600 per annum, and the landlord has indicated that average monthly bills are around £400. The property has HMO licence and planning permission approved in 2019, and viewings are only available to proceedable investors due to the tenants being in-situ.