Property for sale

Gloucester Road North, Filton, Bristol BS7

A substantial former bank extending to approximately 4,465 sq ft (414.6 sq m), occupying a prominent position on Gloucester Road North in Filton. The property benefits from planning consent for the extension and conversion of the existing building to create seven self-contained C4 HMO units providing a total of 33 bedrooms, together with the retention of a ground-floor retail unit.

The proposed development provides the opportunity to create a substantial high-yielding residential investment, with the completed scheme anticipated to generate rental income in excess of £300,000 per annum. We would anticipate a Gross Development Value (gdv) in the region of £3,000,000, subject to the successful completion of the development and prevailing market conditions.

The property represents an exciting development opportunity for builders, developers and investors, offering the potential to deliver a large-scale HMO investment in an established location with strong rental demand, while retaining a commercial element at ground-floor level.

For Sale By Auction

This property is due to feature in our live Online Auction on 15 October 2026 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.

Viewings

By appointment.

Summary

Substantial former bank with planning consent for 7 HMO flats & retail unit

Description

A substantial former bank extending to approximately 4,465 ft2 (414.6 m2), situated in a prominent position on Gloucester Road North in Filton. Planning consent has been granted the the extension and conversion of the existing building to create seven self-contained C4 HMO units (33 bedrooms) whilst retaining a ground floor retail unit.

The completed development will offer a potential rental income in excess of £300,000 per annum and we would anticipate a gdv in the region of £3,000,000.

A superb opportunity for builders and developers to create a high-yielding investment property in an area with high rental demand.

Location

The property is situated on Gloucester Road North in Filton, a popular and well-established area of North Bristol. The location benefits from a wide range of local shops, cafés, restaurants and everyday amenities, with Filton town centre and nearby Bradley Stoke easily accessible.

Filton is well connected by road and public transport, with regular bus and rail services providing convenient access to Bristol City Centre and surrounding areas. The M4 and M5 motorway networks are also within easy reach, making the location well suited to commuters.

Proposed Schedule Of Accommodation

Ground Floor Retail Unit - 83.8m2
Flat 1: Ground floor 4-bedroom flat - 70.2 m2
Flat 2: Ground floor 6-bedroom flat - 93.1 m2
Flat 3: First floor 4-bedroom flat - 70.2 m2
Flat 4: First floor 6-bedroom flat - 93.1 m2
Flat 5: First floor 4-bedroom flat - 76.7 m2
Flat 6: Second floor 6-bedroom flat - 107.9 m2
Flat 7: Second floor 3-bedroom flat - 58.5 m2

Potential Rental & Gdv Figures

We would anticipate the following rental figures for the completed development:

HMO Rooms: £750 per calendar month per room (£297,000 per annum)
Retail Unit: £15,000 per annum

total: £312,000 per annum

Planning Consent

Full planning consent has been granted for the erection of an extension and conversion of existing building from commercial (Class E) to form 7no. Small Houses in Multiple Occupation (Class C4), bin and cycle store, laundry room, and associated works. Retention of existing commercial floorspace (Class E) at the ground floor.

Planning Reference: P25/02828/F
Decision Date: 27 August 2026
Local Authority: South Gloucestershire Council

Completion

Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.

Energy Performance Certificate (Epc)

Rating: C

Tenure

Please refer to the Auction legal pack

Buyer's Premium

Please be advised that all purchasers are subject to a £1,900 plus VAT (£2,280 inc VAT) buyer’s premium payable upon exchange of contracts.

*Guide Price

Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Reserve Price

The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Proxy, Telephone & Online Remote Bidding

The auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid. You will need to complete our remote bidding form, which is available to download from our website. The completed form, id (driving licence or passport and a recent utility bill stating the home address of the purchaser) and a bank transfer for the Preliminary Deposit must be received no later than 24 hours before the date of the auction.

Preliminary Deposits

The Preliminary Deposit required for each lot you wish to bid for is £5,000.

If your bid is successful, the balance of the deposit monies and Buyer’s Premium (£1,900 plus VAT) must be transferred to our client account within 24 hours of the auction sale. If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you within 5 working days.

Site Plan & Aerial Images

The site plan and aerial images are provided for indicative purposes only, please refer to the title plan within the legal pack for confirmation of the site boundaries.

Hmo Licensing & Planning

HMO licensing regulations and planning requirements are subject to regular changes, updates and even individual interpretations by the Local Authority. Prospective buyers are therefore required to make their own enquiries with the Local Authority and review the documents contained in the auction legal pack fully to satisfy themselves that the property is compliant in this respect. Maggs & Allen accept no liability in the event that any Licensing or Planning requirements/documents are not in order at the point of sale.

Auction Or Bridging Finance Required?

Do you need a mortgage or loan quickly? Maggs & Allen have specialist Independent Brokers who can arrange residential and commercial finance on all types of property. Contact the Auction Team today to be put through to our mortgage and loan experts on or email

Letting - What Can Maggs & Allen Achieve For You?

Maggs & Allen's experienced letting team are happy to discuss the rental of this property and can advise on maximising the investment. We offer Full Management, Let Only and Rent Collection Services. Contact Jessica Archer and her team on or email .

Rental & Gdv Estimates

All rental & gdv estimates are provided in good faith. They should be verified by your own professional advisors prior to a commitment to purchase.