Upper Cheltenham Place, Montpelier, Bristol BS6

Property Details: • Type: N/A

• Bedrooms: 6 • Bathrooms: 0

Description: Hollis Morgan – June live online auction – A Freehold period house ( 1624 Sq Ft ) arranged as 6 bed | 4 bath licensed HMO with scope for £54k pa | family home for updating with bonus plot.<br><br><strong>For Sale By Live Online Auction</strong><br><br>Address | 50 Upper Cheltenham Place, Montpelier, Bristol BS6 5HR<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 &amp; 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>A classic mid terraced Freehold period property with accommodation ( 1624 Sq Ft ) arranged over 4 floors with rear garden located in a sought after and quiet residential enclave yet just moments from the shops and amenities with city views from the upper floors.<br>The property is arranged as a fully licensed 6 double bedroom HMO with 4 bathrooms and a well proportioned open plan communal kitchen diner on the lower ground floor opening onto the rear garden.<br>There is also a double garage and a bonus plot at the rear with vehicular access via Brook Hill.<br>Sold subject to existing tenancies.<br><br>Tenure - Freehold<br>Council Tax - D<br>EPC - D<br><br><strong>Schedule Of Tenancies</strong><br><br>Room 1 – Let on AST @ £500 pcm | Commenced 01/02/18<br>Room 2 – Let on AST @ £550 pcm | Commenced 01/08/21<br>Room 3 – Let on AST @ £620 pcm | Commenced 01/08/23<br>Room 4 – Let on AST @ £700 pcm | Commenced 01/12/23<br>Room 5 – Let on AST @ 675 pcm | Commenced 01/10/24<br>Room 6 – Let on AST @ £700 pcm | Commenced 02/12/24<br>Total - £3745 pcm | £44,940 pa<br><br>Please Note - We understand the rent includes rates, broadband, and utilities - please refer to contract in online legal pack.<br><br><strong>The Opportunity</strong><br><br>HMO investment | cosmetic updating | £54,000 pa<br><br>The property has been let for many years as a fully licensed 6 bedroom HMO and there is now scope for cosmetic updating.<br>Currently let to individual professional tenants producing £3,745 pcm | £44,940 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 | £4500 pcm | £54,000 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 has scope for a fine family home in this sought after location close to local shops and schools with garden and garage.<br>Subject to vacant possession.<br><strong>Bonus plot<br></strong><br><br>The plot to the rear has scope for a range of possible developments including garages or a dwelling / annex<br>We understand no planning of this nature has been previously sought.<br>All subject to gaining the necessary consents.<br><br><strong>Location</strong><br><br>Montpelier is located to the North-East of Central Bristol and is home to a thriving residential community as well as local businesses.