6 Bed HMO, Bristol, BS7 0HJ, £450,000

Keys Avenue, Horfield, Bristol, BS7 0HJ - 2 views - 6 months ago

Sold STC
HMO
ROI: 6%
~142 m²
+6 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£24,700

Total Cash In

£137,200

 

 

Cash Out

 

Room Rate

£588

Gross Rent

£3,528

Running Costs/mo

£2,853

Cashflow/mo

£675

Cashflow/yr

£8,100

ROI

6%

Gross Yield

9%













Local Area Statistics

Population in BS7

40,530

Population in Bristol

795,432

Town centre distance

1.66 miles away

Nearest school

0.20 miles away

Nearest train station

1.03 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-19%

Sales demand

Seller's market

Capital growth (5yrs)

+36%

Property History

Listed for £450,000

September 19, 2024

Floor Plans

Description

  • Six bedroom HMO +
  • Sold with tenants-in-situ +
  • Popular location +
  • Extended +
  • Well-proportioned rooms +
  • EPC: C +

A six bedroom HMO on the popular Keys Avenue, offered to market with tenants signed up for the 2024/25 academic year, achieving a gross yearly return of £42,300 per year, excluding bills .

Overview

You enter into the hallway with bedroom one to your immediate left, the large living area then follows which has the kitchen off of it at the rear, there is a shower room at the rear of the hallway as well. On the first floor there are three further bedrooms and a bathroom with two more double bedrooms found on the second floor.

Location

Keys Avenue is a residential road in Horfield just off the popular Gloucester Road which runs directly into Bristol City Centre. The area is made up of mostly 1930's style properties, which are extremely popular with families looking to move to the area. The green open spaces of Horfield Common and Horfield leisure centre are also nearby. This side of Bristol also offers residents access to the countryside of South Gloucestershire as well as the M4 and M5 motorways.

Material information (provided by owner)

Freehold and Council Tax Band D.

Agent Details

Ocean, Filton

0117 463 0106

Next Steps?

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