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Roycroft Road, Bristol, BS34 6 bed semi

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Roycroft Road, Bristol, BS34 6 bed semi

Roycroft Road, Bristol, BS34
£590,000

Our Summary

  • - Additional Land: Parcel of land at the rear with potential for development (subject to planning consent)
  • Value Uplift- Significant potential for value enhancement, including:Conversion of loft space for additional rooms (plans available at the rear of particulars)
  • Development potential on the additional rear land (subject to planning consent)
  • Planning: Developed under Permitted Development (GPDO TCPA) prior to Article 4 designation
  • - Comparable Planning: Sui Generis permission for an 8-bed HMO on Roycroft Road approved (Ref: P24/02422/F, South Glos Council, October 2024)
  • This strategic location ensures strong demand for student HMOs and positions Filton as an ideal investment opportunity
  • - Planning: Permitted Development prior to Article 4 direction (CLU can be put in place)- Article 4 Area: Yes
  • - EPC Rating: C (potential to improve to B)
  • - Rear Garden: Large south-western facing courtyard garden, with a sectioned-off parcel of land at the rear offering development potential (subject to planning consent)
  • Value Potential: Loft conversion and rear land offer scope for additional rooms (STPC)
  • Value Potential: Loft conversion and rear land offer scope for additional rooms (stpc)

Description

This 6-bedroom HMO property is located in central Filton, Bristol, within an Article 4 Area, and offers a unique investment opportunity. The property features 6 spacious bedrooms, 5 with en-suite shower rooms and a dedicated bathroom for the 6th bedroom, as well as a large kitchen-diner/living area. The property is fully equipped for large-scale HMO use and has been finished to an exceptionally high standard, achieving strong rental values. The property has a private driveway with parking for up to 4 cars, a large rear garden with potential for development, and a parcel of land at the rear with potential for further development (subject to planning consent). The property is currently let to students and has a significant potential for value enhancement through conversion of the loft space and development of the rear land. The annual rental income is £58,320, with a gross yield of 10%. The property is located in a prime area with strong demand for student HMOs, close to the University of Bristol and the University of the West of England, and has excellent transport links and amenities.