A charming mid terraced period property arranged over three floors with spacious accommodation ( 1877 Sq Ft ) including large extension to the rear opening onto the South West Facing Garden. The property has been let for many years and whilst having been well maintained would now benefit from some basic updating and has scope for either an excellent yield or family home in this highly sought after location.
The property is fully HMO licensed ( House of Multiple Occupation ) and is currently let to a group of 8 students on a single AST agreement terminating on June 30th 2016. The rental income is £43,104 or £449 per room pcm. We would suggest given the generous proportions of most of the rooms and the prime position, there is scope ( subject to some basic improvements ), to increase the rents towards £500 per room pcm thus producing £48,000 per annum. Option to rent for the 2016 / 2017 academic year but no contract signed.
The property will be vacant from July 1st 2016 and would convert back into a fine 4 - 6 bedroom family room with open plan living space opening onto the South West facing garden.
The property is located in a quiet cul de sac just a few hundred yards from Whiteladies Road with its wide range of Shops, Pubs, Restaurants and independent Retailers whilst Clifton Down shopping centre is also within a few minutes walk. Bristol University and the Bristol Royal Infirmary are both within one mile.