6 bed semi-detached house for sale

Whiteway Close, Bristol BS5

Excellent 6 Bed HMO for Sale in St George, Bristol

Whiteway Close:

Whiteway Close, is 1 of 4 HMO's currently for sale by the vendor. The property is currently in use as a 6 bedroom HMO being let to a mixture of working professionals and students. The property is fully let and benefits from strong rental demand. Whilst a preference to sell all 4 properties within the portfolio / spv. The vendor is will consider selling each property individually.

Alternative Use:

Given the location and nature of the property, it would be an excellent family home, with its good locality, access to shops, recreation space, schools and proximity to Bristol centre. To note, any purchaser would be responsible for arranging for the decanting of tenants post completion of a sale.

Summary of Accommodation

Licenced 6 bed HMO in St George, Bristol. The Property boasts 5 bathrooms, with 2 of those being ensuite. The property is well finished and benefits from all the facilities required to function as a HMO.

Location:

St George, 2.5 miles east of Bristol's centre, attracts young professionals with its accessibility and community feel. It offers independent shops on Church Road, St George Park for recreation, and efficient public transport, appealing to those seeking urban living with a local touch.

Rental Income:

Currently fully let @ £52,860, with potential for reversionary rental income of £53,760.

The property is full let and currently managed by an external agent at 11.5% + VAT management and lettings fee. The agent has advised on potential rent increases which can be implemented on an iterative basis as and when tenants vacate.

Asking Price:

£557,500

Yield:

9.48%, with a reversionary yield of 9.64%

Monthly Bills:

C.£650pcm or £108 per room pcm

Planning - Licencing

A HMO licence is in place and available on request.

Other Material Information:

Tenure: Freehold

Local Authority: Bristol City Council

HMO Licence: Yes - 6 persons

Article 4 Area: No

EPC: D (EPC is in the process of being updated - C rating expected)

Council Tax Band: C

Services: We understand all services to be connected

Heating: Gas Central Heating

Internet: High Speed Broadband / Wifi

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

Portfolio Sale:

Whiteway Close is 1 of 4 HMO's being marketed as part of a portfolio sale for a total of £1.775m

- HMO 1: Whiteway Close, St George, Bristol - 6 bed, 5 bath HMO - Asking Price £557,500

- HMO 2: Cassell Road, Fishponds, Bristol - 5 bed, 2 bath HMO -

- HMO 3: Charles Road, Filton, Bristol - 4 bed, 2 bath HMO

- HMO 4: Park Road, Filton, Bristol - 5 bed, 2 bath HMO

Portfolio Details:

- Ready Made HMO Portfolio

- 4 x Properties consisting of 20 rooms

- Fully let and income producing

- Current income £165,360 pa

- Reversionary income £175,925 pa

- All properties are held within a spv

- Located in strong rental areas throughout Bristol

- Scope to increase rents

- Scope to increase lettable space

Offers invited at £1,775,000 at a Gross Yield (ary) of 9.32% (Reversionary Yield at 9.91%)

Portfolio Particulars:

Full particulars can for the portfolio be downloaded or available upon request.

Viewings:

As an Investment Property/Portfolio, viewings will only be granted to proceedable and qualified investor/purchasers. Therefore, any person wishing to view the property/ies will be required to provide I.D. And Proof of Funds in line with aml regulations prior to viewings.

Legal Costs:

Each side to be responsible for own legal costs

Buyers Fees:

As a broker and investors agent, buying / sourcing fees apply to the purchase of the property and are to be paid on completion. Please discuss with the agent

Bedroom 1 (Room measures 11.03m excluding ensuite)

A large furnished double bedroom with a good amount of space for clothes and a desk. The room faces the front of the house, is light and airy having a bay window and benefits from it's own private ensuite shower and toilet

Bedroom 2 (The room measures 9.65m)

A good sized one person Double Bedroom benefiting from a sizable shared bathroom / walk in shower, shared with bedroom 3. The room is light and airy and has ample wardrobe space, desk and view out into the rear courtyard/garden

Bedroom 3 (The room measures at 10m in size)

A good sized furnished one person double bedroom, with ample space for storage and a desk for studying. The room benefits from a lovely and sizable shared bathroom / walk in shower with the adjacent bedroom 2

Bedroom 4 (The room measures at 11.95m in size excluding the bathroom)

A large furnished double bedroom with a good amount of space for clothes and a desk. The room faces the front of the house, is light and airy and benefits from its own personal bathroom and toilet

Bedroom 5 (The room measures 11.59m in size)

A large furnished double bedroom on the first floor and facing the rear of the house overlooking the courtyard/garden. The room is light, airy and large, with a view looking over south Bristol. The room is furnished, with a good amount of space for clothes and a window desk. The room benefits from its own personal bathroom and toilet on the landing (not ensuite)

Bedroom 5 (The room measures at 11.75m in size (excluding on-suite))

The room is a large one person double bedroom and benefits from its own ensuite bathroom and toilet. Located on the first floor, the room faces the front of the house, is light and airy and removed from the rest of the house. The room is furnished with a wardrobe and desk, with ample space for clothing and storage

Joint Kitchen - Dining Room (The room measures 23.75m)

Accessible from the front of the house through the main hall, the shared kitchen / diner is spacious and modern, receiving good natural light. An L shaped room, it boasts a good sized communal space for tenants or a family if the property were to be changed back to a family home. A modern galley kitchen looks out onto the rear courtyard / garden, and to the right is a spacious furnished living room, perfect for socialising. The living room provides access into the large courtyard / garden to the rear of the house by way of French doors. By way of a separate door, you are able to access Bedrooms 3 and 4 as a large bathroom which boasts a walk in shower and toilet. Separate to the kitchen and living room, this area can be considered private and removed from the communal space

Entrance Hall

Entering the house, the large hallway provides access into the Kitchen / Diner to the rear of the house, direct access into Bedroom 1, and provides access onto the 1st floor by stairs

En-Suite 1 (Bedroom 1) (Estimated area is c.1.9m in size)

Ensuite for Bedroom 1, providing a shower and toilet

Bathroom 1 (Bedrooms 2 & 3) (Estimated area is 4.9m in size)

Large Bathroom serving bedrooms 2 & 3. The bathroom boasts a large modern walk in shower and toilet

Bathroom 2 (Bedroom 5) (Estimated area is 4.2m in size)

Bathroom 2 sits at the top of the landing directly accessible from the stairs and Bedroom 5. The room has good natural light, and boasts a shower and toilet

Bathroom 3 (Bedroom 4) (Estimated area is c.3.2m in size)

Bathroom 3 is situated on the first floor at the front of the house, directly opposite and easily accessed by Bedroom 4. The room gets good lighting and benefits from a shower and toilet

En-Suite 2 (Estimated area is 4.8m in size)

Ensuite 2 is located within Bedroom 6. Given its large nature and being finished to a high standard, it makes Bedroom 6 a well sought after room given its position in the house and amenities. The ensuite provides a large walk in shower as well as toilet facilities

Landing

The landing on the first floor provides access to bedrooms 4,5 and 6, as well as access the 2 shared bathrooms and a storage closet opposite bedroom 4