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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 property is a 6-bedroom HMO (House of Multiple Occupation) located in central Filton, Bristol, within an Article 4 Area. The property features 6 spacious bedrooms, 5 with en-suite shower rooms and a dedicated bathroom for the 6th bedroom. The property has a large kitchen-diner/living area, fully equipped for large-scale HMO use, and a private parking area with space for 4 cars. The rear garden is a large, well-maintained south-western facing courtyard garden, accessible from the living area via French doors. The property also has a parcel of land at the rear with potential for development (subject to planning consent). The property is currently let to students and achieves strong rental values, with an annual income of £58,320. The property is being sold for £590,000, with a gross yield of 10%. The property is located in a key northern district of Bristol, with easy access to the city center and major employers such as Airbus and Rolls-Royce.