This mid-terraced period house offers a substantial 1624 sq ft of living space, situated in a peaceful residential area of Montpelier, Bristol. Currently configured as a licensed HMO (House in Multiple Occupation) with six double bedrooms and four bathrooms, the property presents an attractive opportunity for investors or families looking to create their ideal home. The lower ground floor features an open-plan communal kitchen and dining area that leads directly to a rear garden, enhancing the property's appeal for tenants or family life.
While yielding a current annual income of approximately £44,940 from professional tenants, cosmetic updating can unlock further earning potential, potentially raising room rentals to around £750 per month. This property also includes a double garage and an additional plot at the rear accessible via Brook Hill, opening doors for future development possibilities. With no prior planning applications made for the bonus plot, creativity could pave the way for various enhancements or new structures.
In addition to its investment potential, this property stands as a great candidate for conversion into a family home due to its spacious layout and desirable location near local amenities and transport links. Renovations can transform this residence into a highly sought-after dwelling in one of Bristol's vibrant districts.
