Mortimer Road, Filton, Bristol, BS34 7LF

Mortimer Road, is an exceptional four-bedroom HMO that represents a straightforward, high-yield investment opportunity guaranteeing returns from day one.

This property has been recently renovated throughout to a high specification and is currently let to four working professionals on a single 12-month tenancy agreement, producing £2,400 per calendar month in rental income, equating to a compelling minimum yield of 7.68%.

Importantly, the tenants pay the bills under their agreement, significantly reducing ongoing costs and management complexity, and preventing your yield being eaten into any further.

Internally, the accommodation comprises four double bedrooms, each thoughtfully designed, together with two contemporary bathrooms finished to a stylish standard.

The property is furnished to a good quality throughout, meaning it’s truly move-in ready for investors and can continue operating as a successful HMO with minimal effort.

A key feature of this investment is the planning article in place which grants consent to expand the property’s HMO potential - most notably by extending into the roof space (subject to the usual consents and building control sign-off). This opens up a clear route to adding future value, increasing rental capacity, maximising returns and return on investment.

The seller already had a full marketing package completed for the property when completed, showing off the property in its best possible light. They are happy to share the photos, floorplan and video tour with any future owner to ensure they secure the best possible rental price when re-letting in the future.

As a tenancy is already in place in the property, this opportunity is only suitable to investors.

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.