Lorne Road, Oldfield Park, Bath

£325,000 Offers In Excess Of
  • Ref: 12405
  • Type: Mid Terraced House
  • Bedrooms: 3
  • Bathrooms: 1
  • Reception Rooms: 1
  • Tenure: Freehold

Property Features

  • 785sqft
  • Three bedroom licensed HMO
  • 5.42% current yield
  • Prime position for city access & U1 route
  • Double glazing & GCH
  • Three double bedrooms
  • Open plan sitting room/kitchen
  • Ground floor shower room
  • Residents permit parking
  • Close to Moorland Rd and Oldfield Park station

Property Summary

Ideally positioned for city access and U1 bus routes just off Brougham Hayes, this immaculately maintained two storey 785sqft terrace is let and licensed as a three bedroom HMO with a current 5.42% gross yield. Double bedroom, open plan sitting room/kitchen and shower room on the ground floor. Two double bedrooms upstairs. 11ft x 11ft enclosed rear courtyard. Double glazing and GCH in situ. Capacity to enhance income by letting to a group of three from 2022 onwards. Sole Agents

Full Details

AGENTS NOTES Ideally positioned for city access and U1 bus routes just off Brougham Hayes, this immaculately maintained two storey 785sqft terrace is let and licensed as a three bedroom HMO with a current 5.42% gross yield. Double bedroom, open plan sitting room/kitchen and shower room on the ground floor. Two double bedrooms upstairs. 11ft x 11ft enclosed rear courtyard. Double glazing and GCH in situ. Capacity to enhance income by letting to a group of three from 2022 onwards. Sole Agents

Currently let to four tenants (one couple and two singles) on individual room tenancies (now on rolling contracts) at a combined monthly rent of £1470. Total annual income therefore £17,640 / gross yield 5.42%. Licensed and let as a three bedroom HMO. Capacity to enhance income and let to a group of three from early 2022 onwards.

LOBBY & ENTRANCE HALL Top lit panelled front door, cloaks area, meter cupboard, dado rail, coved ceiling, part glazed internal door, radiator, stairs to first floor.

BEDROOM Double glazed front bay window, radiator.

SITTING ROOM Double glazed rear window, radiator, understairs storage cupboard housing Worcester gas boiler, original fireplace with cast iron & tiled inset. Open plan to kitchen.

KITCHEN Double glazed side window, base and wall units with inset sink/drainer, inset electric hob with hood over and oven under, plumbing for washing machine, tiled floor.

REAR LOBBY Part glazed door to rear courtyard, tiled floor, space for tall fridge/freezer.

SHOWER ROOM Double glazed rear window, low level W.C, tiled shower area, heated towel rail, pedestal basin, part tiled walls, extractor fan, tiled floor.

LANDING Loft access, coved ceiling, dado rail.

BEDROOM Two double glazed front windows, radiator, coved ceiling.

BEDROOM Double glazed rear window, radiator, coved ceiling, original cast iron fireplace.

REAR COURTYARD 11ft x 11ft - paved with raised flower beds.

Enquire about this property or call 01225 829040

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