Seven-Bedroom Hmo Investment

This imposing and generously proportioned mid-terraced, bay-fronted freehold period property offers accommodation spanning three floors, totaling 1638 sq ft, and includes an enclosed rear garden. It is situated in a prime location on Gloucester Road, overlooking Horfield Common. The property is currently arranged as a fully licensed seven-double-bedroom HMO with four bathrooms and a well-proportioned open-plan communal kitchen diner, sold subject to existing tenancies. The property has been let as a licensed HMO for many years, presenting an opportunity for cosmetic updating. It is currently let to individual professional tenants, generating £4540 pcm or £54,480 pa, inclusive of bills. The current rental income is reflective of long-standing tenancies. With cosmetic updating, there is scope to increase the rental income to £750 per room pcm, totaling £5250 pcm or £63,000 pa, or higher if bills are included. Further potential exists to create en-suite bathrooms, subject to necessary consents. Additionally, the property, which overlooks Horfield Common, offers scope for conversion into a fine family home in this sought-after location, close to local shops and schools, subject to vacant possession. The property is located within the popular suburb of Horfield. Local amenities and services, including convenience stores, pubs, and cafes, are all within close proximity. The University of The West of England is less than two miles away, Bristol City Centre is approximately five miles away, and Southmead Hospital is within walking distance. Major employers such as MOD, Southmead Hospital, BAE Systems, and Rolls Royce are nearby. Filton Abbey Wood Train Station is a short walk away, and Gloucester Road North provides a regular bus service to the City Centre.