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6 bed semi-detached house
Roycroft Road, Bristol BS34
£590,000
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:
- 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)
- - 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)
Description
This 6-bedroom HMO property is located in central Filton, Bristol, within an Article 4 Area, and offers strong rental values, currently let to students. The property features a large kitchen-diner/living area, 5 en-suite shower rooms, and a dedicated bathroom for the 6th bedroom. The property has a private parking area and a large, well-maintained courtyard garden with potential for development. The property is located near the University of Bristol and the University of the West of England, with a strong demand for student HMOs. The property has a gross yield of 10% and offers significant potential for value enhancement through conversion of the loft space and development of the rear land, subject to planning consent.