Ready-for-development investment near Fishponds High Street and parkland.
- Licensed HMO with 6 existing letting rooms plus garden studio
A substantial detached period property currently run as a licensed HMO, offering immediate income potential and clear scope for growth. Six letting rooms plus a self-contained garden studio are arranged over three floors with communal lounge and kitchen; the house is vacant and ready for re-letting or redevelopment.
Planning consent (PP-11561451, Oct 2024) is granted to reconfigure and add three studios, an office, utility and extra bathroom to create a 10-room HMO, unlocking stronger rental yield or resale value once works complete. The plot includes large hardstanding and off-street parking, private garden, and workshop outbuilding — useful for management or conversion.
Buyers should note material drawbacks plainly: the property sits in a high-crime, deprived area which will affect lettings and management costs; the building is pre-1900 with stone walls likely uninsulated (assumed) and will need ongoing maintenance and possible upgrades to meet modern HMO standards. Viewing recommended for investors, local authorities or housing charities able to manage neighbourhood risks and deliver the permitted redevelopment.
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