Mortimer Road,Filton,Bristol,BS34 7LF
- PROPERTY TYPE
Terraced
- BEDROOMS
4
- BATHROOMS
2
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Key Facts & Figures Guaranteed Rent - £2400pcm / £28,800pa Guaranteed Gross Annual Yield - 8.23% EPC - C Council Tax Band - B Article 4 Consent in Place - Permitted Development for Attic Conversion
- Let to Professionals on 12-month Contract Tenants pay Bills - Lower Landlord Overheads High-Spec Renovation throughout
Description
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.
Please note, we offer reservation agreements to buyers on every purchase. This enables you as the buyer to purchase the property in a more secure and safe way. Please contact us for more information.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: B
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Driveway
- GARDENA property has access to an outdoor space, which could be private or shared.
- Private garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Level access
Energy performance certificate - ask agent
Mortimer Road,Filton,Bristol,BS34 7LF
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Visit our security centre to find out moreDisclaimer - Property reference S1632345. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by eXp UK, South West. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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