We are huge fans of the properties in Albany Court and, with two nigh on identical flats just available via Madison Oakley, this is a superb opportunity for first time buyers or investors to acquire one of these smashing little apartments. Both properties are second floor one bedroom flats and both are offered with no onward chain. Asking prices are £197,500 and £195,000.
Albany Court homes have been amazingly popular since they were built – they offer solid and well planned accommodation with plenty of storage, superb energy efficiency and even an off street parking space per flat in the rear car park. Tenure is long leasehold (residue 999yr lease from 2003). The development is managed via West of England Estates and the current service charges for each apartment is £1050pa. Both flats have double glazing and gas central heating.
Bath is not the easiest place for first time buyers to find a home – currently only 6.2% of the available properties in the city are priced under £200,000 – so this is a great chance to get your foot onto the ladder with a comfortable 469sqft home close to local amenities.
If you’re looking to buy a property to rent out, these flats work very well as long term investments. Over the last year, one bedroom properties here have rented out between £1000pcm and £1300pcm which equates to a 6.1% – 7.8% gross yield.
Albany Road is ideally placed for access to Lower Bristol Rd retail amenities including Lidl and M&S at Weston Lock. There is also a footpath at the west end of the road offering access to Twerton High St for local shops and the No5 bus route into the city centre.
Albany Road itself was built at the beginning of the 20th century, with half the road completed by 1903. This particular development of apartments was constructed in 2003/4 by Rosemead Homes on the site of the old Albany Works (occupied in the early 1900s by F Chivers & Co – soap manufacturers).