9 bed terraced house for sale

Selworthy Road, Knowle, Bristol BS4

An established, income-producing nine-bedroom HMO investment opportunity, offered for sale as a going concern with a current annual gross rental income of £89,100, representing a gross yield of 9.38% at the asking price.

Arranged over four floors, this substantial property is currently operated as a fully licensed House in Multiple Occupation (HMO), let on a room-by-room, bills-inclusive basis to young professionals. The existing HMO licence covers nine rooms and permits occupancy of up to ten people.

The accommodation comprises nine generously proportioned bedrooms, a spacious communal kitchen and lounge, two shower rooms and additional WC facilities. The property is well presented throughout, with modern furnishings and a layout ideally suited to professional sharers.

The property has an established tenant profile and a proven track record of rental income, making it an attractive opportunity for investors seeking an established income-producing asset.

Investment returns and potential

The current gross rental income is £89,100 per annum, producing a gross yield of 9.53%. There is also an opportunity to increase the income through double occupancy of one of the bedrooms, as permitted under the existing licence. This could generate an additional £2,700 per annum, increasing the potential gross rental income to £91,800 and the gross yield to 9.82%.

Further opportunities may exist to review individual room rents in line with market conditions or explore alternative configurations, including en-suite accommodation, subject to the relevant planning, building regulations and licensing consents.

Location and investment appeal

Situated in the popular Knowle area of South Bristol, the property is within an Article 4 area where the creation of additional HMOs is subject to planning restrictions. This adds to the appeal of an established HMO property in an area where opportunities to create new shared accommodation are restricted.

Offered at £935,000,19 Selworthy Road represents an opportunity to acquire an established HMO investment with immediate income potential, proven rental performance and opportunities for future growth.

All yields quoted are gross and calculated before operating expenses and acquisition costs.