11 Lodore Road, Bristol

6 BED LICENSED HMO FOR SALE

Lodore Road, Fishponds, Bristol

6 bed, 1 bath, 1 reception

ASKING PRICE: £465,000

Excellent 6 Bed Licenced HMO for Sale in Fishponds, Bristol

SUMMARY OF ACCOMODATION:

Licenced 6 bed student HMO in Fishponds, Bristol. The property provides 6 bedrooms, all with double beds, 1 bathroom and an additional downstairs toilet, galley kitchen, a separate communal living space and all facilities required for use as a HMO. The property is fully let to students for the 24/25 academic year and receives strong rental demand.

External Areas:

Parking is available on Lodore Road with no restrictions. Or permits Additionally, there is a large private garden to the rear of the property which has scope for an extension.

LOCATION

Fishponds, 3 miles northeast of Bristol's centre, balances urban convenience with suburban appeal. It holds strong rental demand and is extremely popular among students and young professionals, due to excellent transport links and proximity to both the city centre and UWE campuses.

RENTAL INCOME

Currently fully let @ £45,000 pa

MONTHLY BILLS: As a student HMO the majority of direct costs are covered by the tenants, including utilities, broadband, etc, with council tax being exempt

MANAGEMENT: The property is currently managed by the landlord. Reputable local HMO management companies can be recommended in the Bristol area if required.

ASKING PRICE: Offers in the Region of £465,000

YIELD: 9.68% (Gross/ARY)

PLANNING AND LICENCING: HMO Licence and Certificate of Lawful Use in Place as HMO

VIEWINGS: Due to tenants being in-situ, viewings will only be granted to proceedable investors. Therefore, parties wishing to view the property are required to provide I.D. and Proof of Funds in line with AML regulations.

Material Information

Tenure: Freehold

Local Authority: Bristol City Council

HMO Licence: Yes - 6 Occupiers

Planning: Certificate of Lawful Use in place

Article 4 Area: Yes

EPC: C - Scope to improve to B

Council Tax Band: Band B

Services: We understand all services to be connected

Heating: Mains Gas Central Heating and Double Glazing throughout

Internet: High Speed Broadband / Wifi

Mobile Phone: Coverage for EE, 02, Vodaphone and Three

Location: Bristol: An Economic Powerhouse

Bristol, a vibrant and thriving city, with significant cultural appear. The city is considered the capital of South West England, is situated approximately 120 miles west of London and 45 miles east of Cardiff, has a population of around 465,000 and more than 1 million people living within a 45-minute drive. This property, located in the Fishponds area is highly popular among students and young professionals alike. Fishponds offers easy access to both the bustling city centre and the growing student community, making it an ideal investment opportunity.

Bristol boasts a diverse and resilient economy, underpinned by a range of key industries. The city has a long-standing connection with aerospace and engineering, with major employers like Airbus and Rolls-Royce based in nearby Filton. Other important sectors include financial services, media, and a rapidly expanding tech industry. Furthermore, Bristol is home to two major universities: the University of Bristol and the University of the West of England (UWE). Combined, these institutions host over 57,000 students, significantly contributing to the city's vibrant atmosphere and economic growth.

In addition, the University of Bristol is expanding with a new £300 million campus in Temple Quarter, which is set to accommodate 3,000 more students by 2025. This development is expected to drive further demand for student accommodation in areas like Fishponds, increasing the area’s attractiveness for property investors.

Fishponds, located just 3 miles northeast of Bristol’s city centre, offers a unique blend of urban convenience and suburban charm. Known for its strong community atmosphere, the area is highly sought after by both students and young professionals. Fishponds features a lively high street along Fishponds Road, lined with independent shops, cafes, and supermarkets like Lidl and Aldi, making it a convenient place to live. Green spaces, including Snuff Mills Park and Oldbury Court Estate, offer residents the opportunity to enjoy outdoor activities and relaxation. The area is also well-connected, with regular bus routes such as the 48, 49, and 5 linking Fishponds to the city centre and UWE’s Frenchay campus. In addition, Staple Hill train station offers direct rail access to Bristol Temple Meads in under 15 minutes, further boosting Fishponds' appeal as a rental hotspot.

Please contact the Agent, Adam Clegg BA(Hons) MPlan for any questions or to arrange a viewing.

Adam provides specialist agency and property consultancy services in the Bristol and Gloucestershire area for his clients in respect to Residential, HMO's, Investment Property and Land.