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Vernon Terrace, Oldfield Park, Bath

£370,000
  • Ref: 11852
  • Type: Mid Terraced House
  • Bedrooms: 4
  • Bathrooms: 1
  • Reception Rooms: 1
  • Tenure: Freehold

Property Features

  • Licensed 4 bed HMO
  • 5.9% current yield
  • 942sqft
  • Scope for expansion
  • Four letting rooms
  • South facing garden
  • Backing onto Linear Park
  • Convenient for local amenities
  • Close to Windsor Bridge bus routes
  • Double glazing & GCH

Property Summary

An excellent HMO investment opportunity let until summer 2021 with a 5.9% yield. Given the size of this property, there is further scope to expand and increase your return in future years. Well maintained by the current landlords and let as a 4 bed student HMO, the well located 942sqft accommodation comprises of; hallway, sitting room, bedroom and kitchen on the ground floor. Three bedrooms and shower room on the first floor. There is a generous south facing rear garden, gas central heating and double glazing. Alongside the imposing façade, this is a solid investment option.

Full Details

SUMMARY An excellent HMO investment opportunity let until summer 2021 with a 5.9% yield. Given the size of this property, there is further scope to expand and increase your return in future years. Well maintained by the current landlords and let as a 4 bed student HMO, the well located 942sqft accommodation comprises of; hallway, sitting room, bedroom and kitchen on the ground floor. Three bedrooms and shower room on the first floor. There is a generous south facing rear garden, gas central heating and double glazing. Alongside the imposing façade, this is a solid investment option.



2020/2021 tenancy details;

For the fixed term of 11 months terminating on 30th June 2021, commencing on 1st August 2020. A half rent retainer will be payable for the month of July 2020, however no tenant access will be allowed during this time

Full Rent: £ 480 per calendar month per tenant for the months August 2020 to June 2021 inclusive, plus a retainer of half rent for the month of July 2020 per tenant. Total income for 2020/21 academic year - £22,080



Early 20th century Bath maps show sites and terraces opposite named as Cooks Buildings, Soundwell Cottages and Midland Cottages. Charles Wilkins operated on the Cooks Buildings site as part of his woollen cloth business in the early 19th century and it later became a carpet factory. In 1891, W & R Cook Ltd began manufacturing ready made clothing at the mill. Cook's ceased working in the 1960s and the buildings were pulled down in 1965.

HALLWAY Door leading in, inset floor mat, radiator and cornice. Stairs leading to the first floor and understairs space for various white goods. Doors into rooms.

SITTING ROOM Bay double glazed window to the front, TV point, radiator.

BEDROOM 1 Double glazed window to the rear and radiator.

KITCHEN Modern kitchen with a range of matching wall and base units. Gas hob with oven under and extractor over. Laminated roll top work surface with inset sink unit and drainer. Tiled splash backs and tiled flooring. Radiator, wall mounted Worcester Bosch combi boiler, space and plumbing for washing machine and dishwasher. Double glazed window to the rear and door to the rear garden.

LANDING Doors into rooms.

BATHROOM White suite. Low level WC, pedestal wash hand basin and tiled shower cubicle. Obscure double glazed window to the front. Radiator.

BEDROOM 2 Two built in double wardrobes, double glazed window to the rear and radiator.

BEDROOM 3 Two built in double wardrobes, double glazed window to the rear and radiator.

BEDROOM 4 Radiator and double glazed window to the rear.

REAR GARDEN The south facing rear garden is mainly laid to stone and pebbles to proved easy maintenance. There is rear access which also leads out onto the Linear Park. There is a further raised area of patio and the garden is mainly enclosed by a brick wall and fencing.

Enquire about this property or call 01225 829040

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