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Magdalen Avenue, Bath, BA2

PROPERTY TYPE

Terraced

BEDROOMS

5

BATHROOMS

2

SIZE

1,549 sq ft

144 sq m

Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • STUDENT LET INVESTMENT OPPORTUNITY
  • STUNNING VIEWS OVER BATH
  • SEPERATE BASEMENT ACCOMODATION
  • SHORT WALK FROM CITY CENTRE
  • 372 YEARS REMAINING ON LEASE GROUND RENT OF £2 PA
  • DEVELOPMENT OPPORTUNITY TO CONVERT INTO SINGLE DWELLING
  • DESIRABLE LOCATION CLOSE TO BEARFLAT AND CITY CENTRE
  • NEW PATIO TO UTILIZE OUTDOOR SPACE
  • 360 VIRTUAL TOUR AVAILABLE- ONLINE VIEWING
  • PLANNING CONSENT LOFT CONVERSION Application Reference: 21/04105/FUL

Description

The property

Currently an exceptional student rental property, a longstanding investment opportunity with a proven track record of success. Under the ownership of the current proprietor since 1998, this property has boasted an impressive 100% occupancy rate, showcasing its reliability and appeal as a sought-after student accommodation.

The property has planning consent for a loft conversion: Application Reference: 21/04105/FUL

Presently, this property is leased to three students, offering comfortable and convenient living arrangements tailored to their academic pursuits. Generating a monthly rental income of £1930, this investment promises consistent returns, making it a lucrative addition to any portfolio. There’s an unoccupied fourth bedroom and basement which is ripe for conversion presenting further potential income.

This beautiful Victorian terraced house, spanning over three floors, offers ample space and versatility, with the added potential to convert the lower floor into a self-contained separate apartment, enhancing its value and income-generating capacity. Previously utilised as a separate let, the lower floor contributed to the property's rental income, bringing in £695 per month. This history of successful rental highlights the demand for additional accommodation within the vicinity, further underlining the potential profitability of such an investment.

Boasting proximity to amenities and breathtaking views of Bath city, this property offers an ideal canvas for renovation enthusiasts. Originally a Victorian residence, this building retains its period charm, providing a foundation for a restoration project that could reimagine it as a luxurious residential dwelling. With meticulous attention to detail, the original features can be preserved, reinstating the property's historic allure.

Furthermore, the addition of a new patio outdoor space enhances the property's appeal, offering an inviting area for relaxation and entertainment. Whether utilised as student accommodation or transformed into a stylish home, the potential of this property is boundless.

Location

Bear Flat is a renowned and sought-after neighbourhood, exuding a vibrant and bohemian atmosphere. Its popularity stems from its eclectic mix of amenities, coupled with its convenient downhill walk to the city centre, making it a favourite among locals and visitors alike.

Culinary enthusiasts will delight in the diverse dining options available, including the exclusive and high-end Menu Gordon Jones, renowned for its exquisite gastronomic experiences. For those craving a leisurely brunch, the Good Bear café beckons with its inviting ambiance and delectable menu.

Convenience is key in Bear Flat, with a local supermarket providing all the essentials, while a florist, delicatessen, gastro pub and take-away options cater to a variety of needs and tastes. Additionally, fitness enthusiasts can stay active at the Space Gym, offering state-of-the-art facilities for a fulfilling workout experience.


EPC Rating: D

Reception Room

3.78m x 3.63m

Kitchen

3.4m x 3.12m

Bedroom Two

3.91m x 3.78m

Bedroom Three

3.38m x 3.12m

Bedroom Five

3.12m x 2.18m

Bedroom One

4.83m x 3.91m

Utility

3.35m x 2.39m

Reception Room

3.45m x 3.12m

Bedroom Four

3.15m x 2.82m

Garden

5.72m x 4.8m

Recently renovated patio area with access from both the basement as well as first floor.

Tenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.

GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.

£2 per year (Ask agent about the review period)When and how often your ground rent will be reviewed.Read more about ground rent review period in our glossary page.

ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.

Ask agent

LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.

372 years left

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: C

Magdalen Avenue, Bath, BA2

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bath Spa Station0.4 miles
  • Oldfield Park Station0.7 miles
  • Freshford Station3.7 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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Disclaimer - Property reference 9683d6b1-847c-4320-a2cf-c66644f5e754. 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.

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