West Avenue, Oldfield Park, Bath

£575,000
  • Ref: 12075
  • Type: End Terraced House
  • Bedrooms: 5
  • Bathrooms: 3
  • Reception Rooms: 1
  • Tenure: Freehold

Property Features

  • c1600sqft
  • Arranged as three self contained apartments
  • 5.72% yield
  • Let until mid 2021
  • 2010 conversion
  • Double glazing
  • Right in the heart of Oldfield Park
  • 100yds to station & Moorland Rd
  • Excellent investment opportunity
  • Freehold

Property Summary

A substantial c1600sqft end terraced late Victorian two storey house extended and converted in 2010 and now used as three self contained flats - all of which are currently let until mid 2021 to a total of five tenants with income for 2020/21 academic year of approx £32,890 / 5.72% gross yield. Two similar two room self contained flats in the original house with studio bedroom, kitchen and shower room per tenant. Rear ground floor one bedroom flat with private entrance. An excellent freehold investment in the heart of Oldfield Park, 100yds from the station and Moorland Rd/University bus routes.

Full Details

AGENTS NOTES A substantial c1600sqft end terraced late Victorian two storey house extended and converted in 2010 and now used as three self contained flats - all of which are currently let until mid 2021 to a total of five tenants with income for 2020/21 academic year of approx £32,890 / 5.72% gross yield. Two similar two room self contained flats in the original house with studio bedroom, kitchen and shower room per tenant. Rear ground floor one bedroom flat with private entrance. An excellent freehold investment in the heart of Oldfield Park, 100yds from the station and Moorland Rd/University bus routes.



Currently freehold but lease plans already drawn up if a buyer wishes to utilise these. Planning consent granted for the three flats and separate council tax accounts for each flat.

Separate utilities to each apartment. Water (rates) are currently common and paid by freeholder.

Gas is not connected, but available at the front of the building.

Individual flat broadband supplies.

5 electricity meters (plus communal meter) serving the different rooms, as the property was originally designed as five self contained bedsit/flats.

HMO licensing not applicable.



Please note from a lenders point of view, this property is likely to be classed as a Multi-Unit Freehold Block.



Photos displayed are of the first floor apartment.



COMMUNAL HALL Door from street on north side of the building - communal hall with five entrances to all flats (two entrances each for the two bedroom units).

GROUND FLOOR APARTMENT Two studio rooms - each with its own kitchen, entrance hall and shower room.

FIRST FLOOR APARTMENT Similar to ground floor apartment with larger rear studio room

GROUND FLOOR REAR APARTMENT Private gated entrance from street leading to gravelled private courtyard. Large sitting/dining room, kitchen, double bedroom and shower room. Secondary entrance to main communal hall.

Enquire about this property or call 01225 829040

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