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Filton Avenue, Bristol, BS34 7 bed semi
Filton Avenue, Bristol, BS34
£580,000
Filton Avenue, 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
- Investment Opportunity
- Loft conversion potential
- Scope for further intensification and rent income increases
- Sui Generis Planning for 7 Occupants
Description
This 7-bedroom licensed HMO in Filton, Bristol, is a rare opportunity for investors. The property is situated in a prime location, close to major aerospace companies and the University of the West of England, and features a large garden and private parking for multiple cars. The property is currently fully let to students for the 24/25 academic year, generating a rental income of £63,600 per annum. The asking price is £580,000, offering a gross yield of 11%. The property is managed and let by external agents, with management fees at 6% + VAT and letting fees at £700 + VAT per annum. Due to the tenants being in-situ, viewings are only available to proceedable investors.