Herbert Road, Oldfield Park, Bath BA2 3PR - £395,000
Let until end June 2021 with a 5.77% gross yield/£22,800pa income, this impeccably maintained two storey late Victorian 80sqm four bedroom licensed HMO is ideally placed within sight of Moorland Road shops and student bus routes. Benefiting from an extra utility and W.C in addition to four bedrooms, sitting room, kitchen and first floor bathroom. Southeast facing enclosed rear garden, double glazing and GCH in situ. Impressive views over Bath to Lansdown from the front door. An excellent going concern right in the heart of Oldfield. Sole Agents
The property is let on an Assured Shorthold Tenancy Agreement with 4 students for 12 months ending 30 June 2020 at a monthly rental of £1,840. It is then let again with 4 students for 12 months ending 30 June 2021 at a monthly rental of £1,900. The landlord currently manages the property themselves. The property is sold as a going concern with tenants and inventory in situ.
Herbert Rd is first listed in city directories in 1892, with 21 houses built (numbered 1-13 and 1A to 8A). The land had been purchased for development in 1889 by Frederick Riddle. By 1902, the full road of 66 was mostly occupied (4 houses vacant) and the owner at this property was listed as Thomas W Branston (compositor) with neighbours Mrs May and Albert E Knee (law clerk).
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Combining over 50 years of experience in Bath estate agency, Madison Oakley Estate Agents in Bath offer a unique blend of traditional and technological solutions to the modern day demands of the Bath property market. Properties offered for sale or letting are presented with the maximum impact to the widest possible audience. Our membership of various property portals, our dedicated websites and our regularly updated blog ensure our clients properties are displayed 24/7 to prospective buyers and tenants.
In addition, Madison Oakley Estate Agents in Bath boasts the most experienced team of residential estate agents and surveyors in the local area, with each of our partners having worked in both independent and corporate estate agents within the city for many years. Our offices in Oldfield Park and George St, Bath are ideally located in the heart of the BA1 and BA2 postcodes, with window displays offering the most comprehensive information in Bath.
Partners Willum Long and Carey Gilliland are delighted to showcase the very latest in estate agency technology, from video tours to the latest interactive floor plans, in order to enhance the presentation of each client’s property. However, at Madison Oakley Estate Agents we don’t lose sight of the more traditional approaches (all properties are provided with full colour details, floor plans, regular newspaper advertising and historical research as standard). We keep in regular contact with our property clients and pride ourselves on the testimonials we receive.