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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 in Filton, Bristol, is a rare opportunity to acquire a high-yielding investment with significant potential for value enhancement. The property boasts six spacious bedrooms, each with an en-suite shower room, as well as a dedicated bathroom for the sixth bedroom. The large kitchen-diner/living area is fully equipped for large-scale HMO use and features French doors leading to a well-maintained south-western facing courtyard garden. The property has a private driveway with parking for four cars and a parcel of land at the rear with potential for development (subject to planning consent). With a current annual income of £58,320 and a gross yield of 10%, this property presents a strong investment opportunity in a popular student area. The property is located within an Article 4 Area, with a HMO license for six occupants and planning permission for an 8-bed HMO on the same road.