Thornbank Place, Bath, BA2

A fantastic opportunity to buy a 5 bedroom 2 bathroom property with HMO License for 5 persons. Current total gross rent ?36,240 p.a gross rental yield of 6.9%. Proposed tenancy in place to summer 2025 rental yield of 7.85%

INVESTMENT CONSIDERATIONS:

A substantial 5 bedroom HMO property for 5 persons, in a fabulous sought after location in good order throughout. Tenants in situ with further students secured for the next academic year - 2024/2025. Current Total gross rent: ?36,240 per annum representing approx. gross rental yield of 6.9%. Future secured tenancy income ?41,220 p.a representing approx. gross rental yield of 7.85%. The accommodation offers a living room, kitchen, dining area, five bedrooms and two bathrooms. Rear secure level garden.

LOCATION

5 Thornbank Place is located just off Lower Bristol Road close to the student area of Oldfield Park and very close to the city centre. Oldfield Park is a popular location and close to Moorland Road shopping parade with its vast array of independent shops, cafes, takeaways and 3 small supermarkets. Oldfield Park further benefits from Doctors' surgery, vets and a dental practice. This location offers easy access to the city and Oldfield Park railway station (just 0.7miles away) with its connection to Bristol Temple Meads and Bath Spa station. There are local schools nearby including Oldfield Park Junior School, Moorlands Infant School, Hayesfield Girls School and Beechen Cliff. The property is also close to university bus routes for Bath Spa University and Bath University.