Gloucester Road North, Filton, Bristol

This substantial former bank in Filton presents a unique opportunity for developers and investors looking to capitalize on a promising HMO conversion project. With planning consent already in place for the transformation into seven self-contained C4 HMO units comprising a total of 33 bedrooms, alongside a ground-floor retail unit, this property is well-positioned for high rental yields. The guide price of £550,000 is notably cheap at £123 per square foot compared to the local average of £423 per square foot, making it an attractive entry point for those looking to invest in the area. However, keep in mind that bidding can push the final price above the guide, so the eventual cost may not remain this affordable.

The anticipated Gross Development Value (GDV) of £3,000,000 presents significant upside potential, especially when considering that the estimated works budget is not included in the current pricing, allowing for a tailored approach to renovations. This is a light to typical project scale, making it manageable for those ready to take on the challenge of developing a high-yielding investment in an area with strong rental demand. Overall, this listing offers a compelling opportunity to create a substantial asset in a prime location.