5 bedroom semi-detached house for sale, Filton, Bristol

Key features

HMO licensed
Five double bedrooms
Sold with tenants-in-situ

Potential annual yield of 10%
Multiple off street parking
EPC: D

Detail

Due to its proximity to UWE and major employers the rental potential of this home is superb. The current tenancy ends August '23 and after this period any potential investment buyer can significantly improve the yield. At present the tenants are being charged £2350.00 excluding bills, significantly below market value. The current yield at £375,000 is 7.52%. At a purchase price of £375,000 and rent per room at £625.00 per calendar month an annual gross return reaches 10%. All bedrooms accommodate a double bed and there is ample living/dining and kitchen space available. The garden is concrete and requires no maintenance. To the front there is off street parking for two cars. Overall updating is required but it is presented to an adequate standard.

Location

Located just off the A38/Gloucester Road which runs directly into Bristol city centre. The property is perfectly located close to Cribbs causeway with its vast range of shops and restaurants whilst remaining in close proximity to major employers such as Southmead Hospital, Airbus, the MoD and UWE. The new YTL arena which is scheduled to be built on the Brabazon hangars at the former Filton airfield is also a short walk away, the area is expected to undergo vast development over the coming years which can only be seen as a positive sign for the community. The property is also perfectly located close to the green open spaces of Elm Park which is hugely popular with families in the area and boasts an impressive recreational park and swimming pool. Local residents can also enjoy Filton community garden with its array of greenery and peaceful seating area. Abbey Wood Station is just a short walk away, whilst Parkway Station is a further 10 minute walk away and has a direct link to London within 1hr20mins.

Material information (provided by owner)

Material information (Provided by the owner): Freehold and council tax band is B.