93 High Street, Bristol

Fully Let 6-Bedroom Professional HMO. Potential for extension and conversion of existing workshop, or development plot opportunity at rear.

Kingswood, Bristol, BS15 4AD

Offers Over £550,000. Freehold. Let at £52,440 pa gross.

A fully let, professionally run six-bedroom HMO in Kingswood, Bristol, producing £52,440 per annum gross and priced to sell on its income, with a rear development plot (STPP) included and the future upside deliberately left with the buyer.

The property was taken back to brick and comprehensively renovated in 2022, retaining its period character including the original mosaic hallway and stained glass. It offers six large double bedrooms, four bathrooms (two en-suite), a bright communal reception and dining room, a modern kitchen fully equipped for HMO use, a utility room and a private rear garden. It is presented to a high standard and enjoys strong, consistent professional-let demand.

Income and yield

- Fully let at £52,440 per annum gross (rents inclusive of bills, broadband, TV licence and council tax; bills approximately £711 pcm).

- Gross yield approximately 9.5% at the guide price.

- HMO licence in place for six occupants. Certificate of Lawful Use held. No Article 4 restrictions.

- Potential to increase to 8 occupants on Sui Generis planning application.

Asset Uplift Potential

(Subject to the necessary consents. Indicative only. Buyers to satisfy themselves and undertake their own due diligence.)

- Intensification of income: South Gloucestershire HMO officers have indicated support in principle for a Sui Generis six-bed, eight-person HMO, letting two of the larger rooms on a double basis, with potential to lift gross rent to circa £59,000, subject to consent.

- Add studio accommodation: scope to create a pair of self-contained studios by converting the existing two-storey workshop.

- Extend the main house: scope to add in the region of two to four further bedrooms.

- Anything done to the existing property is entirely the buyer's, with no clawback.

- Rear development plot (included): a freehold rear plot of circa 0.053 acres (excluding driveway), held under a separate title, with a C3 residential use class and sitting within the Local Plan Built Up Area Boundary. No Article 4 direction, no Tree Preservation Orders, and no heritage or conservation restrictions. Accessed via a driveway to the side of the main property, bounded by walls on three sides, with all services available via the adopted road. Four illustrative schemes have been prepared:

- Option 1: 2 x 1-bed dwellings

- Option 2: 2 x 2-bed dwellings

- Option 3: 2 x studio, 1 x 1-bed, 1 x 2-bed dwellings

- Option 4: 2 x studio, 1 x 1-bed, 2 x 2-bed dwellings

The three-storey development next door could help establish a precedent for a two or three storey rear scheme. No planning application has been made; the plot is included unconditionally for buyers to appraise for themselves.

Overage of 33% applies to future new residential development of the rear plot only, not to extension of the existing property or conversion of the workshop.

2022 renovation works included

Damp proof course; partial roof replacement; full rewire; new heating and plumbing including a new boiler; new windows, floors and doors; full plastering of all walls and ceilings; new kitchen, utility and bathrooms; new garden path.

Location

Kingswood sits around four miles east of Bristol city centre in South Gloucestershire, combining a suburban feel with excellent access to Bristol's wider economy, and is consistently popular with professional renters. It benefits from a bustling High Street with independent shops, eateries and major retailers, good green spaces such as Warmley Forest Park and Magpie Bottom, and strong transport links, with Lawrence Hill station reaching Bristol Temple Meads in under ten minutes. Bristol itself supports a diverse, resilient economy and a large student population across the University of Bristol and UWE.

Material Information

- Tenure: Freehold

- Local Authority: South Gloucestershire Council

- Council Tax: Band B

- EPC: D (potential to improve to B)

- Heating: Mains gas central heating with double glazing throughout

- Broadband: High speed available

- Mobile coverage: EE, O2, Vodafone and Three

- Services: All understood to be connected

Please refer to the full particulars for detailed floor plans, photography, development option drawings and site information. For further information or to arrange a viewing, contact Adam Clegg at Keller Williams.