Selworthy Road, Knowle, Bristol, BS4
- PROPERTY TYPE
Terraced
- BEDROOMS
9
- SIZE
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- 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
- Substantial nine-bedroom HMO investment property
- Offered for sale as a going concern at £950,000
- Current annual gross rental income of £89,100
- Attractive current gross rental yield of 9.53%
- Potential annual gross income of £91,800 (9.82% yield)
- Existing HMO licence for nine rooms and up to ten occupants
- Accommodation arranged over four floors
- Spacious communal kitchen, lounge and shower facilities
- Established professional tenant profile and rental history
- Situated within an Article 4 area restricting new HMO development
Description
Arranged over four floors, this substantial property is currently operated as a fully licensed House in Multiple Occupation (HMO), let on a room-by-room, bills-inclusive basis to young professionals. The existing HMO licence covers nine rooms and permits occupancy of up to ten people.
The accommodation comprises nine generously proportioned bedrooms, a spacious communal kitchen and lounge, two shower rooms and additional WC facilities. The property is well presented throughout, with modern furnishings and a layout ideally suited to professional sharers.
The property has an established tenant profile and a proven track record of rental income, making it an attractive opportunity for investors seeking an established income-producing asset.
Investment returns and potential
The current gross rental income is £89,100 per annum, producing a gross yield of 9.53%. There is also an opportunity to increase the income through double occupancy of one of the bedrooms, as permitted under the existing licence. This could generate an additional £2,700 per annum, increasing the potential gross rental income to £91,800 and the gross yield to 9.82%.
Further opportunities may exist to review individual room rents in line with market conditions or explore alternative configurations, including en-suite accommodation, subject to the relevant planning, building regulations and licensing consents.
Location and investment appeal
Situated in the popular Knowle area of South Bristol, the property is within an Article 4 area where the creation of additional HMOs is subject to planning restrictions. This adds to the appeal of an established HMO property in an area where opportunities to create new shared accommodation are restricted.
Offered at £935,000, 19 Selworthy Road represents an opportunity to acquire an established HMO investment with immediate income potential, proven rental performance and opportunities for future growth.
All yields quoted are gross and calculated before operating expenses and acquisition costs.
- 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: TBC
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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