£395,000 /Sale price

4 Bed HMO for Sale - Mendip Crescent, Downend, BristolAsking Price: £390,000SUMMARY OF ACCOMODATION4 bed student HMO in Downend, Bristol. The property provides 4 double bedrooms, 2 bathrooms and a spacious open plan kitchen- diner / communal area with bi-fold doors leading into the rear garden. A highly attractive property for the Bristol student market, due to its excellent condition and proximity to both local universities and Bristol. The property provides all facilities required for use as a HMO and is fully let to students for the 25/26 academic year and benefits from strong rental demand.RESIDENTIAL PURCHASE: The property can be purchased on a residential basis as a family home - Vacant possession - 31st July 2026 when the current tenancy ends.EXTERNAL AREASParking is available with no restrictions/permits. Additionally, there is a private drive and garden to the rear of the property.LOCATIONSituated in Downend, approximately 5 miles northeast of Bristol's city centre, this property enjoys strong rental demand from students, key workers, and young professionals. Its close proximity to UWE's Frenchay campus, the university's main site, is just a short journey by bus or bike, while the Glenside campus, home to the Faculty of Health and Applied Sciences, is nearby in Fishponds. The area benefits from excellent transport links via the M32 and M4 motorways, as well as solid bus connections to Bristol city centre. Local amenities include Downend High Street, Emersons Green retail park, and green spaces such as King George V Playing Fields.RENTAL INCOMEThe property is currently fully let, generating £34,800 per annum with a gross yield of 9% (ARY).MONTHLY BILLSAs a student HMO, tenants cover most direct costs, including electricity, gas, and water. Council tax exemption applies for student occupants.MANAGEMENTKeller Williams provides HMO lettings and management services.LICENCINGThe property is classified as an HMO by South Gloucestershire Council but is not located in an Article 4 Area. It is fully compliant with HMO regulations for space, fire, gas, and electrical standards. Licensing is optional for a 4-person HMO and not mandatory.BRISTOL: An Economic PowerhouseBristol, the capital of South West England, is a vibrant city located 120 miles west of London and 45 miles east of Cardiff, with a population of approximately 465,000 and over 1 million within a 45-minute drive. The city boasts a diverse economy driven by aerospace, with major employers like Airbus and Rolls-Royce in nearby Filton, as well as financial services, media, and a growing tech sector. Bristol is home to two major universities, the University of Bristol and the University of the West of England (UWE), with over 57,000 students. A new £300m University of Bristol campus in Temple Quarter is set to accommodate 3,000 additional students by 2025, further increasing demand for student accommodation. Downend's proximity to UWE's Frenchay and Glenside campuses makes it a prime location for student HMO investment.VIEWINGSViewings are by appointment only, and parties must provide AML (Anti-Money Laundering) information.MATERIAL INFORMATION- Total Floor Area: 1087sq.ft (100.9 sq m)- Tenure: Freehold- Local Authority: South Gloucestershire Council- HMO Licence: Not mandatory for a 4-bed HMO- Planning: Extension undertaken in-side permitted development- Article 4 Area: No- EPC Rating: C - Council Tax Band: B (£1,888 per annum, exempt for student HMO)- Services: All mains services connected- Heating: Mains gas central heating with double glazing throughout- Internet: High-speed broadband/WiFi available- Mobile Coverage: Available for EE, O2, Vodafone, and Three