Herbert Road, Oldfield Park, Bath
- 5.77% yield
- Four bedroom HMO
- Impeccably maintained
- 80sqm accommodation
- Double glazing & GCH
- Low maintenance garden
- Ideal central Oldfield position
- Within sight of shops and bus routes
- Extra utility and W.C
- Extended kitchen
Property SummaryLet 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
AGENTS NOTES 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).
ENTRANCE HALL Part glazed top lit front door, coved ceiling, part glazed internal door, cloaks area, radiator, fuseboard and meter, stairs to first floor.
BEDROOM 1 Two double glazed front windows, radiator, ceiling rose, coved ceiling.
SITTING/DINING ROOM Double glazed rear window, radiator.
KITCHEN Double glazed side window, part glazed door to utility, radiator, base and wall units with sink/drainer and worktops, cooker point, part tiled walls. Rear storage area with Velux skylight, worktop, extractor fan and space for fridge.
UTILITY ROOM Double glazed door to rear garden, wall units and worktop, space and plumbing for freezer/washing machine/tumble dryer.
WC Double glazed rear window, low level W.C, handbasin.
LANDING Loft access, linen cupboard.
BATHROOM Double glazed rear window, panelled bath with shower over, radiator, handbasin, low level W.C, part tiled walls, extractor fan, cupboard housing Worcester gas combination boiler.
BEDROOM 2 Double glazed rear window, radiator.
BEDROOM 3 Double glazed front window, radiator.
BEDROOM 4 Double glazed front window, radiator.
REAR GARDEN 36ft x 14ft - southeast facing
Lawn with borders and flower beds. walls and fences to side/rear, gated rear pedestrian access.
Enquire about this property or call 01225 829040
Other properties you may be interested in
£380,000 Guide PriceA well positioned HMO investment purchase, let for the 2020 - 2021 academic year at an annual rent roll of £24,610. Grossing 6% plus and having been maintained over the years with regular scheduled decoration and maintenance, recent new boiler and replacement kitchen roof to the rear, the new purchaser will not have to worry about major areas moving forward. In total you will find; Downstairs bedroom, living room, kitchen and utility room. Three first floor bedrooms and shower room. Externally there is an enclosed rear garden and parking to the rear. A popular location for investment moving forward and with mod cons such as gas central heating & double glazing make this a solid investment opportunity.
£395,000Let until summer 2021, this extended late Victorian two storey licensed HMO is ideally placed just above the Linear Park for Moorland Road shops and University bus routes. With a slightly different layout to many other local HMOs, this property offers 830sqft of accommodation comprising three double bedrooms and a generous single, communal sitting room, first floor three piece bathroom and rear kitchen leading out to a gloriously sunny west facing rear garden. Presented in excellent order with retained character, this is a superb going concern but also feels very much like a home. Sole Agents