This expansive Victorian residence, characterized by its double bay front, spans approximately 2,213 ft² (205.6 m²) and is currently utilized as a 10-bedroom House in Multiple Occupation (HMO). This configuration presents an appealing investment opportunity with significant income potential. The property features ten spacious double bedrooms, ample communal living spaces, four bathrooms, and a generously sized rear garden with secure bicycle storage. Presently, four of the rooms are rented at around £750 per month each, while six remain vacant, indicating immediate potential to increase rental income. Once fully occupied, gross annual rental revenue could reach approximately £90,000.
While the property requires some cosmetic enhancements to elevate its appeal further, it offers a solid foundation for investors wishing to add value and maximize their return within this desirable rental market. Strategically located on Filton Avenue in Horfield, the property enjoys convenient access to various local amenities along Gloucester Road and the green expanses of Horfield Common. Its location is particularly desirable for students and young professionals due to proximity to the University of the West of England (UWE), Southmead Hospital, as well as major employers like Airbus and Rolls-Royce.
Additionally, this property may also attract owner-occupiers looking for a substantial family home that can be modernized according to personal preferences. With appropriate planning permissions and consents in place, its size and layout could allow for redevelopment or conversion into self-contained apartments.
