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Bristol Road, Gloucester GL1 10 bed semi
Bristol Road, Gloucester, GL1
£645,000
Bristol Road, Gloucester, GL1
£645,000
Our Summary
- EXCITING OPPORTUNITY FOR INVESTORS- LARGE HMO ACHIEVING 10% YIELD WITH POTENTIAL FOR IMPROVEMENT
- It is nicely presented with large, airy rooms over four floors and there is scope for yet more improvement if desired
- The house is fully licensed for up to 14 persons with a current gross income in excess of £66k per annum with potential of further income from the caretaker's accommodation
Description
This 10-bedroom period house has been successfully run as a large HMO for the past 10 years, generating a gross income of over £66,000 per annum. The property has been fully refurbished and features 6 ensuites, 2 full communal bathrooms, and a separate toilet. The house has a large kitchen with ample cupboard space, and the lower ground floor has its own access and a garage with a utility/laundry room. The property also has a courtyard garden and a play area. With a current occupancy of 12 and a license for 14 persons, there is scope for further improvement and increased income. The property is well-presented, with large, airy rooms over four floors, and is an excellent opportunity for investors looking for a high-yielding investment with potential for growth.