HIGH-YIELDING 9-BEDROOM HMO INVESTMENT
A substantial four storey Victorian semi-detached house, currently operating as a licensed 9-bedroom HMO. The accommodation includes two studio flats and seven large HMO bedrooms with shared kitchen and bathroom facilities. There is a driveway providing off-street parking to the front, a roof terrace linked to the top floor studio flat and a good-sized garden to the rear.
The property has been let to students from July for the 2025/2026 academic year at a rent of £78,000 per annum excluding bills.
A superb high-yielding residential investment in a prime location in Redland.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 22 May 2025 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWING -
By appointment
SUMMARY -
SUBSTANTIAL 9-BEDROOM HMO IN A PRIME LOCATION IN REDLAND
DESCRIPTION -
An impressive four-storey Victorian semi-detached property, fully licensed and operating as a 9-bedroom HMO, ideally located in Redland for easy access to the University and Gloucester Road. Offering a generous and flexible layout, the accommodation includes two studio flats and seven spacious HMO bedrooms with shared kitchen and bathroom facilities.
Externally, the property benefits from a driveway providing off-street parking, a large rear garden, and a private roof terrace accessible from the top floor studio flat - adding further appeal for tenants.
Let to students for the 2025/2026 academic year at £78,000 per annum (excluding bills), this is a turnkey, high-yield investment opportunity in one of Bristol’s most popular rental locations, close to local amenities, the University, and the city centre.
LOCATION -
The property is situated on Cranbrook Road in Redland with easy access provided to a wide range of independent shops, bars and restaurants on Gloucester Road. Redland train station is just a 0.4 mile walk and excellent transport links are provided to the city centre, making the location ideal for student and professional renters.
ACCOMMODATION -
The ground floor accommodation comprises an entrance hall, living room, kitchen, two double bedrooms, a bathroom and WC. Stairs lead down to studio flat on the basement level with its own kitchen and bathroom. On the first floor are four double bedrooms and a bathroom whilst the top floor provides a further double bedroom and a studio flat with its own kitchen, bathroom and a private roof terrace.
Please refer to floorplan for approximate room measurements and internal layout.
RENTAL DETAILS -
The property has been let on a single Assured Shorthold Tenancy agreement from 25th July 2025 - 6th July 2026 at an annual rent of £78,000. The tenants are responsible for paying all utility bills.
TENURE -
The property is to be sold on a freehold basis, subject to the AST outlined above.
COMPLETION -
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
HMO LICENSING & PLANNING -
An HMO licence was granted on 18 August 2022 for 9 occupants. The property has been operating as an HMO for over 10 years
HMO licensing regulations and planning requirements are subject to regular changes, updates and even individual interpretations by the Local Authority. Prospective buyers are therefore required to make their own enquiries with the Local Authority and review the documents contained in the auction legal pack fully to satisfy themselves that the property is compliant in this respect. Maggs & Allen accept no liability in the event that any Licensing or Planning requirements/documents are not in order at the point of sale.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: C
LETTING - WHAT CAN MAGGS & ALLEN ACHIEVE FOR YOU? -
Maggs & Allen's experienced letting team are happy to discuss the rental of this property and can advise on maximising the investment. We offer Full Management, Let Only and Rent Collection Services. Contact Jessica Archer and her team on 0117 9499000 or email lettings@maggsandallen.co.uk.
AUCTION OR BRIDGING FINANCE REQUIRED? -
Do you need a mortgage or loan quickly? Maggs & Allen have specialist Independent Brokers who can arrange residential and commercial finance on all types of property. Contact the Auction Team today to be put through to our mortgage and loan experts on 0117 9734940 or email admin@maggsandallen.co.uk
BUYER'S PREMIUM -
Please be advised that all purchasers are subject to a £1,800 plus VAT (£2,160 inc VAT) buyer’s premium payable upon exchange of contracts.
*GUIDE PRICE -
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
RESERVE PRICE -
The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
PROXY, TELEPHONE & ONLINE REMOTE BIDDING -
The auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid. You will need to complete our remote bidding form, which is available to download from our website. The completed form, ID (driving licence or passport and a recent utility bill stating the home address of the purchaser) and a bank transfer for the Preliminary Deposit must be received no later than 24 hours before the date of the auction.
PRELIMINARY DEPOSITS -
The Preliminary Deposit required for each lot you wish to bid for will be calculated based upon the Guide Price as follows:
£1,000 - £150,000: £5,000
£151,000 and above: £10,000
If you bid is successful, the balance of the deposit monies and Buyer’s Premium (£1,800 inc VAT) must be transferred to our client account within 24 hours of the auction sale. If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you within 5 working days.
RENTAL ESTIMATES -
All rental estimates are provided in good faith. They should be verified by your own professional advisors prior to a commitment to purchase.
