Bristol, BS3 4PT | Investment Property for Sale | VES-BS3-002

Opportunity to purchase a HMO in Bristol generating £27,300rent pa & gross yield of 7.2%

£380,000

HMO End-terraced House

VES-BS3-002

INITIAL INVESTMENT

£117,900

Based on

deposit: £95,000

stamp duty: £20,400

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£27,300

GROSS YIELD

7.2%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

5 bedrooms

2 bathrooms

1 reception room

958

Fully Furnished

Property information

  • 5 bed HMO
  • Spread over 2 floors
  • Bathroom and separate WC located on the ground floor
  • Living/kitchen/dining area
  • Rear access for bicycles
  • Free on street parking
  • EPC rating D
  • Property is managed by an agent
  • There is potential to extend to the rear of the building, subject to planning
  • Current tenants are students and are vacating at the end of June 2020
  • All bills are paid by the tenants
  • Monthly rental income £2,275

Notes

We are currently awaiting the tenancy agreement from the landlord and will update the listing when received.

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

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.

Paultow Road,

Bristol,

City of Bristol,

England,

BS3 4PT

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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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