Bristol, BS15 8DQ | Investment Property for Sale | VES-BS15-001

Opportunity to purchase a HMO property in Bristol generating £26,400 rent pa & gross yield of 7%

£375,000

HMO Semi-Detached House

VES-BS15-001

INITIAL INVESTMENT

£116,250

Based on

deposit: £93,750

stamp duty: £20,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£26,400

GROSS YIELD

7.0%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

4 bedrooms

1 bathroom

2 reception rooms

1,466

Fully Furnished

Property information

  • HMO licence not required for 4 occupants
  • Large kitchen with dining table
  • Separate living room
  • Conservatory
  • Large rear garden
  • A new boiler was installed in 2021
  • The property is also fitted with wired fire alarms on all 3 floors and fire doors
  • There is off-street parking for 3 cars plus a garage
  • EPC rating D
  • Council tax band C

Rental information

  • Room 1 - £550 pcm
  • Room 2 - £550 pcm
  • Room 3 - £550 pcm
  • Room 4 - £550 pcm
  • Monthly rental income: £2,200
  • Annual rental income: £26,400

Running costs

The vendor provided us with the following running costs of the property:

  • Gas & electricity: £212 pcm
  • Council tax: £145.80 pcm
  • Virgin media (TV, broadband): £37.25 pcm
  • Water: £69.50 pcm
  • TV licence: £37 pcm
  • Total cost pcm: £501.55
  • Total cost pa: £6,018.60

Location information

  • The property is located within the Kingswood area of Bristol
  • Bristol city centre is just over 4 miles from the property
  • The local amenities are centered around the A420 which can be reached in 10 minutes on foot
  • Easy access to the local road network including the A420 and A4174

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Bristol

Bristol is a city and county the straddles the River Avon in the south-west of England, it is situated 12 miles north-east of Bath and 38 miles south of Gloucester.

The city of Bristol is serviced by two primary railway stations, Bristol Temple Meads which is near the city centre and Bristol Parkway which is just in the north of the city. Great Western Railway operates high-speed train services from Bristol Temple Meads to London Paddington, as well as local, regional and other CrossCountry routes. In addition, there is a limited service run by South Western Railway that provides links to London Waterloo via Clapham Junction. Great Western runs a separate high-speed service from Bristol Parkway to London Paddington, as well as routes to locations in South Wales such as Swansea and Cardiff and CrossCountry services to Birmingham and the north-east of England.

Bristol has always been the heart of culture and art in the west country and this tradition has continued in to contemporary times. The city is riddled with various theatres and live music venues and has always been a pioneering force in the contemporary arts. There are many art galleries and museums throughout the city also that help to paint a picture of the rich history behind this cultural hub on the west country. Just two miles from this property in the centre of town one can find Bristol’s Shopping Quarter, with a fantastic array of restaurants, bars, as well as a wide range of independent and well-known high-street stores.

Bristol is historically known as a city of trade, exporting wool cloth and importing fish, wine and grains. In more contemporary times the city’s economy is primarily based with innovations in creative media, aerospace and electronics industries. Some of the biggest employers in Bristol include Screwfix, Hays Recruitment, Expedia and the Bristol Aeroplane Company.

Counterpool Road,

Bristol,

South Gloucestershire,

England,

BS15 8DQ

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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