Tenants living in a 13-bed shared house up for sale in south Bristol would pay their landlord more than £100k a year in rent. The house is being auctioned on Bath Road in Brislington, and its listing on Rightmove claims that the landlord would receive £9,335 a month in rent, totalling £112,020 per year.
The cost of rooms in the house would range from £800 per to £590, all including bills. And because the landlord covers the bills, it slightly reduces their annual income from the house to £98,748, according to a summary of operating costs on the website of Hollis Morgan, who are auctioning the property.
The house is listed at a price of £1,200,000, and a buyer would need to pay a £1,200 premium. The listing says that the property was "formerly a hotel and was recently converted into a 13 Bedroom fully HMO licensed luxury co-living premises", with HMO standing for "house in multiple occupation".
