Six-Bedroom Hmo With Four Bathrooms

This classic mid-terraced freehold period property spans four floors and offers a total area of 1624 sq ft. It includes a rear garden and is situated in a highly desirable and tranquil residential area, yet remains only moments away from local shops and amenities, with upper floors benefiting from city views. The property is currently configured as a fully licensed six-double-bedroom HMO, featuring four bathrooms and a spacious open-plan communal kitchen diner on the lower ground floor with direct access to the rear garden. Additionally, there is a double garage and a bonus plot at the rear with vehicular access via Brook Hill. The property is sold subject to existing tenancies. This presents a significant investment opportunity, as the property has been consistently let as a licensed six-bedroom HMO. While it requires cosmetic updating, there is potential to increase the current rental income, which stands at £3,745 pcm or £44,940 pa (inclusive of bills), to approximately £4,500 pcm or £54,000 pa with cosmetic improvements, or even higher if en-suite bathrooms are added, subject to necessary consents. Alternatively, the property offers potential to be converted into a fine family home, subject to vacant possession and planning. The bonus plot at the rear also provides development potential for additional garages or a dwelling/annex, subject to gaining the necessary consents. Montpelier, located northeast of Central Bristol, is a vibrant residential community with various local businesses. Gloucester Road, with its array of bars, restaurants, and independent shops, is nearby. Essential amenities, including Cabot Circus shopping centre and Bristol City Centre, are within walking distance. The property benefits from excellent transport links, with the M32 motorway providing swift access to the M4 and M5. Montpelier train station is a short walk away, Bristol Temple Meads is less than two miles distant, and Bristol International Airport is 12 miles to the south.