Grove Park Terrace, Bristol, BS16

Property Details: • Type: Terraced • Tenure: FREEHOLD • Floor Area: 1183 sqft

Key Features: • 5 Bed Licensed Student HMO • Rental Income: £39,000 per annum • Gross yield c.9% • Council tax exempt • HMO Licence for 5 occupants • Pre-Article 4 Direction — benefits from grandfather rights • Courtyard garden to rear and unrestricted on-street parking • Freehold | EPC Rating C • Investment Property

Location: • Nearest Station: Stapleton Road Station • Distance to Station: 1.4482960816150048 miles

Agent Information: • Address: Covering Nationwide

Full Description: Description<br /><br />Summary of Accommodation<br />Licensed 5 bed student HMO in Fishponds, Bristol. The property provides 5 bedrooms, four doubles and one single, two bathrooms on both floors, a kitchen dining area and all facilities required for use as a HMO.<br /><br />External Areas<br />Parking is available on Grove Park Terrace with no restrictions. Additionally, there is a courtyard garden to the rear of the property for recreation and storage.<br /><br />Location<br />Fishponds, 3 miles northeast of Bristol's centre, holds strong rental demand and is extremely popular amongst students and young professionals, due to excellent transport links and proximity to both the city centre and UWE campuses.<br /><br />Rental Income<br /> £39,000 pa.<br /><br />Asking Price<br />Offers invited in the region of £425,000.<br /><br />Yield<br />9.18%<br /><br />Monthly Bills<br />Exclusive of rent (council tax exempt).<br /><br />Management<br />Reputable local HMO management companies can be recommended if required.<br /><br />Planning and Licensing<br />HMO Licence for 5 occupants, benefiting from HMO status prior to Article 4 Direction.<br /><br />Bristol: An Economic Powerhouse<br /><br />Bristol, a vibrant and thriving city with significant cultural appeal, is considered the capital of South West England, situated approximately 120 miles west of London and 45 miles east of Cardiff, with a population of around 465,000 and more than 1 million people living within a 45-minute drive. This property, located in the Fishponds area, is highly popular amongst students and young professionals alike. Fishponds offers easy access to both the bustling city centre and the growing student community, making it an ideal investment opportunity.<br /><br />Bristol boasts a diverse and resilient economy, underpinned by a range of key industries. The city has a long-standing connection with aerospace and engineering, with major employers like Airbus and Rolls-Royce based in nearby Filton. Other important sectors include financial services, media, and a rapidly expanding tech industry. Furthermore, Bristol is home to two major universities: the University of Bristol and the University of the West of England (UWE). Combined, these institutions host over 57,000 students, significantly contributing to the city's vibrant atmosphere and economic growth.<br /><br />In addition, the University of Bristol is expanding with a new £300 million campus in Temple Quarter, which is set to accommodate 3,000 more students by 2025. This development is expected to drive further demand for student accommodation in areas like Fishponds, increasing the area's attractiveness for property investors.<br /><br />Fishponds, located just 3 miles northeast of Bristol's city centre, offers a unique blend of urban convenience and suburban charm. Known for its strong community atmosphere, the area is highly sought after by both students and young professionals. Fishponds features a lively high street along Fishponds Road, lined with independent shops, cafes, and supermarkets like Lidl and Aldi, making it a convenient place to live. Green spaces, including Snuff Mills Park and Oldbury Court Estate, offer residents the opportunity to enjoy outdoor activities and relaxation. The area is also well-connected, with regular bus routes such as the 48, 49, and 5 linking Fishponds to the city centre and UWE's Frenchay campus. In addition, Staple Hill train station offers direct rail access to Bristol Temple Meads in under 15 minutes, further boosting Fishponds' appeal as a rental hotspot.<br /><br />Material Information<br />- Tenure: Freehold. <br />- Planning: The property has been operating as a HMO prior to A4 Direction and benefits from grandfather rights/continuous use. <br />- Article 4 Area: Yes. <br />- EPC: C. <br />- Council Tax Band: Band C. <br />- Services: We understand all services to be connected. Heating: Mains gas central heating and double glazing throughout. <br />- Internet: High Speed Broadband / Wifi. Mobile Phone: Coverage for EE, O2, Vodafone and Three.<br /><br />Schedule of Accommodation<br /><br />Hallway: Large and bright entrance hallway providing storage space for bikes etc.<br />Kitchen/Living Room: 5.25m × 3.37m — Joint kitchen and communal area with access to rear terrace garden and downstairs bathroom.<br />Bedroom 1: 4.16m × 3.91m — Comfortable ground floor double bedroom.<br />Bathroom 1: Convenient downstairs bathroom with bath, toilet and basin (WC).<br />Bedroom 2: 3.95m × 3.17m — Comfortable first floor bedroom with double bed.<br />Bedroom 3: 3.94m × 2.76m — Comfortable first floor bedroom with double bed.<br />Bedroom 4: 3.44m × 2.70m — Comfortable first floor bedroom with double bed.<br />Bedroom 5: 3.46m × 2.41m — Comfortable first floor bedroom with 3/4 bed.<br />Bathroom 2: Convenient upstairs bathroom with bath, toilet and basin (WC).<br />External: Front and rear courtyard gardens.<br /><br />For further information please refer to the full property particulars. To arrange a viewing please contact Adam Clegg at Keller Williams