We are currently experiencing high demand from investors for large Houses of Multiple Occupancy (HMOs). Whether they are let to professionals or students, the attractive rental yields that these types of properties offer have made them a firm favourite amongst buy to let investors.
SOLD IN SEPTEMBER 2018 AUCTION
GUIDE PRICE: £495,000+ SOLD FOR £575,000
51 Sussex Place, Montpelier, Bristol
This generous four storey semi-detached property (approx. 2,061 sq ft) was arranged as a 7 bedroom HMO that was let producing approximately £37,128 per annum with potential to increase to circa £42,436 by creating an 8th bedroom. The property had been well-maintained by the current owner and benefited from a modern kitchen/diner, off-street parking for several vehicles to the front and a good-sized garden to the rear. The high-yielding residential investment property also offered potential for conversion to 3 flats or a family house, subject to obtaining the necessary planning consents and vacant possession.
