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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 in Filton, Bristol, is a fantastic investment opportunity, offering a strong rental income of £58,320 per annum. The property has been excellently presented, with 5 en-suite shower rooms and a dedicated bathroom for the 6th 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 also has a private driveway with parking for up to 4 cars and a parcel of land at the rear with potential for development, subject to planning consent. With a gross yield of 10% and a strategic location close to the University of Bristol and the University of the West of England, this property is an attractive investment opportunity for those looking to capitalize on the strong demand for student accommodation in the area.