Property Details: • Type: N/A
• Bedrooms: 7 • Bathrooms: 0
Description: Hollis Morgan – June live online auction - A Freehold period property ( 1638 Sq Ft ) arranged as 7 bed | 4 bath licensed HMO with potential £63k income pa | Scope for cosmetic updating.<br><br><strong>For Sale By Live Online Auction</strong><br><br>Address | 589 Gloucester Road, Horfield, Bristol BS7 0BW<br><br>Lot Number tbc<br><br>The Live Online Auction is on Wednesday 17th June 2026 @ 12:00 Noon<br>Registration Deadline is on Friday 12th June 2026 @ 16:00<br><br>The Auction will be streamed live online via the Hollis Morgan website & you can choose to bid by telephone, proxy or via your computer.<br>Registration is a simple online process – please visit the Hollis Morgan auction website and click “register to bid”<br><br><strong>The Property</strong><br><br>An imposing generously proportioned mid terraced bay fronted Freehold period property with accommodation ( 1638 Sq Ft ) arranged over 3 floors with enclosed rear garden in this prime location on the Gloucester Road overlooking Horfield Common.<br>The property is arranged as a fully licensed 7 double bedroom HMO with 4 bathrooms and a well proportioned open plan communal kitchen diner.<br>Sold subject to existing tenancies.<br><br>Tenure - Freehold<br>Council Tax - C<br>EPC - D<br><br><strong>Schedule Of Tenancies</strong><br><br>Room 1 – Let on AST @ £600 pcm | Commenced 01/05/22<br>Room 2 - Let on AST @ £700 pcm | Commenced 05/01/26<br>Room 3 – Let on AST @ £630 pcm | Commenced 01/09/22<br>Room 4 – Let on AST @ £630 pcm | Commenced 02/04/24<br>Room 5 – Let on AST @ £620 pcm | Commenced 01/05/25<br>Room 6 – Let on AST @ £700 pcm | Commenced 28/05/25<br>Room 7 – Let on AST @ £660 pcm | Commenced 01/09/25<br>Total - £4540 pcm | £54,480 pa<br><br>Please Note - We understand the rent includes rates, broadband, and utilities - please refer to AST contracts in online legal pack.<br><br><strong>The Opportunity</strong><br><br>HMO investment | cosmetic updating | £63,000 pa<br><br>The property has been let for many years as a fully licensed 7 bedroom HMO and there is now scope for cosmetic updating<br>Currently let to individual professional tenants producing £4540 pcm | £54,480 pa inclusive of bills.<br><br>Interested parties will note many of the tenants have been in situ for a number of years and the low rental income reflects this.<br>Subject to cosmetic updating there is scope to increase the rental income to £750 per room pcm | £5250 pcm | £63,000 pa or higher if bills are included.<br>There may be further potential to create en suite bathrooms to further increase the income.<br>All subject to gaining the necessary consents.<br><strong>Family home<br></strong><br><br>The property overlooks Horfield Common and has scope for a fine family home in this sought after location close to local shops and schools.<br>Subject to vacant possession.<br><br><strong>Location</strong><br><br>The property is located on the Gloucester Road is located within the popular suburb of Horfield.