38 Grove Park Terrace

38 Grove Park Terrace is a licensed five-bedroom student HMO, currently fully let and generating £39,000 per annum in rental income. At the asking price of £450,000, this represents a gross yield of circa 9%. Bills are exclusive of rent — tenants manage their own utilities — while student occupancy provides full council tax exemption, simplifying the cost model for a new owner.

The property is offered freehold. Reputable local HMO management companies can be recommended if required.

The property provides five bedrooms — four doubles and one single — across two floors, with a bathroom on each level. The ground floor kitchen/living room (5.25m x 3.37m) provides a combined kitchen and communal space with access to the rear courtyard garden. Bedroom 1 is a comfortable ground floor double, with the remaining four bedrooms on the first floor.

The entrance hallway provides convenient storage for bikes. To the front, a courtyard garden and unrestricted on-street parking on Grove Park Terrace require no permits. A further courtyard garden to the rear provides outdoor space for recreation and storage.

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 well-connected, with regular bus routes including the 48, 49, and 5 linking Fishponds to the city centre and UWE's Frenchay campus. Staple Hill train station offers direct rail access to Bristol Temple Meads in under 15 minutes.

Bristol is a dual-university city with over 57,000 students at the University of Bristol and UWE combined. The University of Bristol is expanding with a new £300 million campus in Temple Quarter, set to accommodate a further 3,000 students — directly increasing demand for student accommodation in areas like Fishponds. UWE's Frenchay campus is directly connected to Fishponds by the 48 and 49 bus routes, making the area a natural student rental location.

38 Grove Park Terrace sits within an Article 4 Direction area, which restricts new HMO conversions. The property has been operating as an HMO prior to the Direction and benefits from grandfather rights, meaning the licence is established and protected. For a student HMO investor, this represents a scarce asset with structural demand and a protected supply position — new competing student HMOs in Fishponds cannot simply be created.

GROUND FLOOR

Hallway
Large and bright entrance hallway providing storage space for bikes.

Kitchen / Living Room: 5.25m x 3.37m
Joint kitchen and communal area with access to rear terrace garden and downstairs bathroom.

Bedroom 1: 4.16m x 3.91m
Comfortable ground floor double bedroom.

Bathroom 1
Convenient downstairs bathroom with bath, toilet and basin (WC).

FIRST FLOOR

Bedroom 2: 3.95m x 3.17m
Comfortable first floor bedroom with double bed.

Bedroom 3: 3.94m x 2.76m
Comfortable first floor bedroom with double bed.

Bedroom 4: 3.44m x 2.70m
Comfortable first floor bedroom with double bed.

Bedroom 5: 3.46m x 2.41m
Comfortable first floor bedroom with 3/4 bed.

Bathroom 2
Convenient upstairs bathroom with bath, toilet and basin (WC).

EXTERNAL

Front Courtyard Garden
Courtyard to the front of the property. Unrestricted on-street parking on Grove Park Terrace — no permits required.

Rear Courtyard Garden
Rear courtyard offering space for recreation and storage.