Fishponds Road, City of Bristol, Bristol BS5
Ref No: KE014-LI-SA253
We are delighted to offer this highly profitable HMO in a popular area for tenants.
Our client has run this successful HMO for several years and is now looking to sell so he can pursue other opportunities.
This Victorian house has been converted into an eight bedroom HMO and has an exemplary occupation rate of over 95%.
The property briefly comprises
Bedroom 1: (3.83m x 4.91m) Bay window hall floor room - rented at £ 530 pcm
Bedroom 2 (4m x 4.03m) At the rear of the property on the ground floor this room has french windows onto the garden - rented at £ 450 pcm
Communal Kitchen - The landlord provides all the white goods
Bathroom 1 - With shower over bath
Bedroom 3 - (5.43 x 3.92) At the front of the building. This room benefits from its own kitchen area and is more of a bedsit than bedroom in an HMO - rented at £ 550 pcm
Bedroom 4 - (4.05 x 2.99) At the rear of the property overlooking the garden - rented at £ 400 pcm
Bedroom 5 - (2.58 x 4.25) Also at the rear of the property built as part of an extension - rented at £ 430 pcm
Bedroom 6 - (4.30 x 4.35) At the rear of the building like room 3 this has its own kitchen rented at £ 550 pcm
Bedroom 7 - (4.88 x 4.35) This is the most sought after room. It not only has its own kitchen but also its own shower room. This is classed as a studio by our client rented at £ 480 pcm
Basement Room (4.66m x 3.96m) - Large room with access directly onto the garden - rented at £ 400 pcm
To the rear of the property is a communal
Our client lets the property on an all inclusive basis. The current gross rent is £3,790 per calendar month or £ 45,480 pa. However if the bills are taken from this figure the net rent is £3,240 pcm or £ 38,880 pa. giving a gross return on investment of 9.95% on purchase price.
The property was originally three separate apartments and still has three separate boilers and three sets of utility bills.
The property has an HMO Licence and is available for inspection.
If you are a serious investor looking for a profitable property then this is a house with a great track record that could also be a future development opportunity
Disclaimer: The energy efficiency rating is a measure of the overall efficiency of a home. The higher the rating the more energy efficient the home is and the lower the fuel bills will be. The environmental impact rating is a measure of a home's impact on the environment in terms of carbon dioxide (CO2) emissions. The higher the rating the less impact it has on the environment. The Energy Performance Certificate for this dwelling was produced following an energy assessment undertaken by a qualified assessor.