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SOLD STC

Montpelier, Bath, BA1

Key features

  • TENANTS SECURED FOR 2024/25
  • DEVELOPMENT OPPORTUNITY FOR CITY CENTRE APARTMENTS (SUBJECT TO PLANNING)
  • GRADE 2 LISTED GEORGIAN TOWN HOUSE WITH OVER 5 FLOORS OF LIVING SPACE
  • 2 BEDROOM SELF CONTAINED BASEMENT APARTMENT OFFERING EXTRA RENTAL INCOME
  • HISTORICALLY ACHIEVING RENTAL YIELDS BETWEEN 6- 7 % (BEFORE DISBURSEMENTS)
  • 9 BEDROOM STUDENT HOUSE OF MULTIPLE OCCUPANCY INCLUDING 2 BEDROOM BASEMENT APARTMENT
  • RECORDS OF CONSISTENT OCCUPANCY & MAINTENANCE
  • PERIOD FEATURES TO INCLUDE SASH WINDOWS, CORNICES AND FIREPLACES
  • LARGE FLAT LAWNED GARDEN
  • WALKING DISTANCE TO THE CITY CENTRE, ROYAL CRESCENT AND THE CIRCUS.

Description

This Grade 2 listed Georgian townhouse presents a unique opportunity for investors and developers alike. With its prime location, generous outside space, and existing records of consistent occupancy as a 9-bedroom student house of multiple occupancy (HMO), with a separate 2 bedroom basement apartment offering additional income, this historic property is a rare find close to the city centre.

Historically achieving rental yields between 6-7% (before disbursements), this house has proven to be a lucrative investment opportunity. The sellers have secured tenants for the 24/25 academic year with an increased rental income. Rental income and disbursements can be provided upon request.

The current owners have ensured that the property has been looked after and have carried out regular property maintenance. They have records since 2010 of all work undertaken.

The location and desirable period architecture makes it an ideal investment opportunity. The property boasts over 5 floors of living space, providing plenty of scope for creating multiple apartments, holiday lets or converting into a single residential dwelling (subject to planning).

Located just off Lansdown Road and within easy walking distance to the city centre, Royal Crescent, and The Circus. Residents can enjoy the convenience of having shops, cafes, restaurants, and entertainment options right at their doorstep.

Pleased be advised there is no parking. Information regarding residents on street parking permits can be obtained from Banes council.


EPC Rating: D

Bedrooms

There are 11 double bedrooms arranged over 5 floors. The smallest bedroom is (3.02m X 2.51m) and the largest is (4.72m X 3.23m).

Bathrooms

The property contains 4 bathrooms and a WC. Each bathroom has a shower.

Kitchen/Dining Area

The lower ground floor is self contained with its own kitchen, equipped with an electric oven, hob and extractor fan. This area adjoins a small alcove which is used as a dining space. On the first floor there is a communal kitchen with range gas hob cooker and space for multiple free standing fridge freezer units.

Reception/Lounge

The living area is on the first floor with two large period sash windows, allowing light to flood the room.

Rear Garden

This property benefits from a generous flat lawned garden, which is unusual for city centre Georgian townhouses.

Energy performance certificate - ask agent

Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

Band: G

Montpelier, Bath, BA1

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bath Spa Station0.7 miles
  • Oldfield Park Station1.0 miles
  • Freshford Station4.1 miles
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About the agent

CAMELLA ESTATE AGENTS, Bath

246 High Street Batheaston Bath BA1 7RA

CAMELLA ESTATE AGENTS, Bath

Welcome to Camella founded by Melissa Anderson a local Bathonian with a passion for property. We are proud to be a female founded business putting families at the heart of every move. The Camella team works within three core values.

KINDNESS, your home is our home.

INTEGRITY, we do the right thing, we never settle for less than you deserve.

NOTICEABLE, we want your property and our service standout.

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Industry affiliations

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Disclaimer - Property reference 570ae4b9-3280-4766-80d3-c690e7762935. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by CAMELLA ESTATE AGENTS, Bath. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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