Thornbank Place, Oldfield Park, Bath

£525,000 Guide Price
  • Ref: 12689
  • Type: Mid Terraced House
  • Bedrooms: 5
  • Bathrooms: 2
  • Reception Rooms: 1
  • Tenure: Freehold

Property Features

  • Licensed 5 bed HMO
  • Let until July 2023
  • 6.19% yield
  • Superb city views
  • Cul de sac location
  • South facing garden
  • Two shower rooms
  • Double glazing and GCH
  • Open plan sitting room/kitchen
  • Four double bedrooms and one single

Property Summary

Investment opportunity - five bedroom two storey student let perfectly located for the Lower Oldfield Park bus route 75yds to the west and about as close to town as you can get in Oldfield Park. Current tenants in until end July 2022 and already let for a further year until end July 2023 at £2750pcm giving a yearly income and gross yield of £32,547 / 6.19%. Further expansion potential into loft space (stp), stunning city views, four double bedrooms and one single, two shower rooms, cul de sac location, south facing rear garden and permit parking. Sole Agents. EPC rating= D

Full Details

AGENTS NOTES Investment opportunity - five bedroom two storey student let perfectly located for the Lower Oldfield Park bus route 75yds to the west and about as close to town as you can get in Oldfield Park. Current tenants in until end July 2022 and already let for a further year until end July 2023 at £2750pcm giving a yearly income and gross yield of £32,547 / 6.19%. Further expansion potential into loft space (stp), stunning city views, four double bedrooms and one single, two shower rooms, cul de sac location, south facing rear garden and permit parking. Sole Agents

This property is currently rented out to 5 students as a licensed HMO;

2021-2022 Tenancy:
Fixed Term: 1st August 2021 - 31st July 2022
Rent: £2,625pcm

2022-2023 Tenancy:
Fixed Term: 5th August 2022 - 31st July 2023
Rent: £2,750pcm

Offered for sale as a going concern with tenants and inventory in situ. Currently managed by Madison Oakley.

The street dates from the mid 1890s and is named after Thornbank (also listed as Thorne Bank) the large detached house which stood where Thornbank Gardens is now (and was, in 1895, the residence of Albert Rowe, a grocer whose shop was at No2 Hot Bath St). The first occupier of this property is listed in 1900 as Hemmington Marsh.

LOBBY & ENTRANCE HALL

BEDROOM 1

BEDROOM 2

KITCHEN/SITTING ROOM

SHOWER ROOM

LANDING

BEDROOM 3

SHOWER ROOM

BEDROOM 4

BEDROOM 5

REAR GARDEN

Enquire about this property or call 01225 829040

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