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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 is a 6-bedroom HMO property 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 also has a large kitchen-diner/living area, fully equipped for large-scale HMO use. The property is currently let to students and achieves strong rental values, with an annual income of £58,320 per annum. The property has a significant potential for value enhancement, including the conversion of the loft space for additional rooms and development potential on the additional rear land, subject to planning consent. The property is freehold, with all mains services connected, and is located in a prime area with strong demand for student HMOs.