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Mount Rd - Bath

A great recently refurbished investment opportunity situated in the heart of Somerset - BA2 1NH

Price: £520,000
Build Completion: Completed

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* Images purely for illustrative purposes and may not be the actual apartment for sale.

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This recently refurbished building offers a great investment opportunity with two flats both with tenants in situ until July 2023 at over a 6% return. The two apartments are both entered via their own entrance doors with storage cupboards. The living spaces are light and bright with seamless flow into the kitchen areas which benefits from integrated appliances. The open plan living spaces create areas to relax with room for sofa and table or use of the breakfast bar.

The bathrooms are modern with a white suite with bath and overhead shower. There are two double bedrooms in each apartment, all of which have storage space from freestanding furniture. There will be a communal garden/seating area which both the ground floor flat and first floor flat have use of. The property has been fully tenanted to the local high end student market since conversion, and tenants are lined up from as far as October the previous year (meaning that new tenants would apply for next year) such is the demand for high end property.

There are a lot of similarities with Chester for Bath, both Roman towns but Bath is probably a higher demand given the famous Bath Spas which gets over 1 million tourists per year. As a company Residential Estates would be keen to manage this. This is just an option to explore at the time, as it stands the properties are committed with tenants until July and August next year.

Prices From: £520,000

Investment Highlights

Tenents in situ until July & Aug 2023
Recently Refurbished
2 Apartments - Ground & First Floor
Open Plan Living/Kitchen
Short Term Lets: 9-12% Achievable
Communal Gardens
Price£520,000
Refurbished2022
Units Available2
Predicted NET Yield6.36%*
FinanceYes**
Rental GuaranteeNo

** The provision of lender finance for your purchase is dependant upon individual circumstances and cannot be guaranteed. We advise you to obtain independent financial advice before entering into an agreement upon which you will be relying upon lender finance. Any decision to proceed with lender finance is your decision only. If lender finance cannot be obtained you will be required to complete on your purchase in any event. Residential Estates are not regulated by the FSA, nor are they a finance company and cannot be held liable for any purchaser being unable to obtain mortgage monies for their purchase. Please read the FAQs above for more information.

Enquire About This Investment

Complete The Form Below To Receive The Brochure & Book Your Free, No Obligation Consultation Call