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The Old Telephone Exchange, Newton St. Loe, Bath

PROPERTY TYPE

Detached

BEDROOMS

5

BATHROOMS

5

SIZE

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

Freehold

Floorplan 1Floorplan 2
6

Key features

  • FREEHOLD PURPOSE-BUILT STUDENT INVESTMENT ON THE DOORSTEP OF BATH SPA UNIVERSITY
  • FIVE SELF-CONTAINED, TWO-STOREY APARTMENTS, FULLY CONVERTED AND FINISHED TO A HIGH SPECIFICATION
  • ASHLAR BATH STONE FACING WITH MARLEY MODERN SLATE EFFECT ROOFING, IN KEEPING WITH THE LOCAL VERNACULAR
  • OPEN-PLAN LIVING/KITCHENETTE AND SHOWER ROOM DOWNSTAIRS, DOUBLE BEDROOM AND EAVES STORAGE UPSTAIRS
  • 6.0KW SOLAR PV ARRAY WITH TESLA POWERWALL3 BATTERY STORAGE (13.5KWH)
  • ELECTRIC HEATING THROUGHOUT BOTH FLOORS
  • GATED, ALARMED AND CCTV-COVERED SITE WITH 30-MINUTE FIRE-RATED PROTECTED STAIR ENCLOSURES
  • SHARED LANDSCAPED COURTYARD AND SECURE BICYCLE STORAGE
  • ALL FIVE UNITS LET AT £1,250 PCM, GENERATING £75,000 GROSS ANNUAL INCOME
  • GROSS YIELD OF 5.17% — A GENUINELY TURNKEY, LOW-CAPEX INVESTMENT WITH STRONG ONGOING STUDENT DEMAND

Description

THE PROPERTY

Allen Residential are delighted to present The Old Telephone Exchange, an exceptional freehold investment opportunity comprising five purpose-built, self-contained student apartments, positioned in an unrivalled location adjacent to Bath Spa University's Newton Park campus.

This fully converted and thoughtfully designed development offers a turnkey investment with all five apartments finished to a high contemporary specification. Each self-contained unit provides well-planned accommodation arranged over two floors, incorporating a modern fitted kitchenette with integrated appliances leading through to the living space, together with a separate shower room and generous double bedroom. Every apartment is fully furnished and benefits from superfast broadband, allowing immediate occupation with minimal ongoing capital expenditure.

Designed with efficiency, security and longevity in mind, the development incorporates solar panels with battery storage to help reduce running costs, external sensor lighting, electric heating throughout and secure gated access. The building is further protected by a comprehensive alarm system and CCTV surveillance, whilst residents also benefit from communal outdoor space and secure bicycle storage.

The property is offered fully let, generating an annual gross rental income of £75,000 (£1,250 pcm per apartment), representing a gross yield of approximately 5.17% at the asking price of £1,450,000. The development has been completed by Red Chimp Investments, constructed by Team Renovations, and designed by Lynea Architects, creating a high-quality, low-maintenance investment with excellent long-term appeal.

THE LOCATION

Occupying an outstanding position at Pennyquick, Newton St Loe (BA2 9BB), The Old Telephone Exchange enjoys arguably one of the most desirable locations for student accommodation serving Bath Spa University. Situated immediately adjacent to the entrance of the University's Newton Park campus, it is widely regarded as the closest off-campus residential accommodation available, creating exceptionally strong and consistent tenant demand year after year.

Despite its peaceful semi-rural surroundings with attractive valley views and extensive countryside walks nearby, the property remains extremely well connected. The university campus is approximately a 15-minute walk away, the nearest bus stop is just two minutes on foot, and regular services provide access to Bath city centre, local supermarkets and amenities within minutes. The A4 also offers convenient links to both Bath and Bristol, making the location equally attractive for commuting and wider connectivity.

Residents additionally benefit from a traditional country pub immediately next door, a gym within approximately fifteen minutes' walk, and a range of nearby leisure and retail facilities.

The development is available from June 2026, presenting investors with the opportunity to acquire a modern, income-producing asset in one of Bath's most sought-after student investment locations.
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.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Driveway
GARDENA property has access to an outdoor space, which could be private or shared.
Front garden
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

The Old Telephone Exchange, Newton St. Loe, Bath

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Affordability

Monthly repayments£7,272
Property: £ 1,450,000
Deposit: £ 145,000
Interest rate: 5.33%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Extension potential
Recently sold & under offer
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About Allen Residential, Paulton

High Street, Paulton, Near Bristol, BS39 7NW
Industry affiliations:Industry affiliation logo 0Industry affiliation logo 1Industry affiliation logo 2

Allen Residential is an independent estate agency based in the village of Paulton 12 miles south of Bristol and 9 miles from Bath, established in 2005 by director James Allen.

Specialising in the sale of village home and individual properties, the company provides a proactive approach to selling and letting, combining traditional values with modern marketing techniques to make sure your home reaches the widest possible audience.

Our friendly staff our locally based with a wealth of knowledge to help guide you through every step of your transaction. With a proven track record of sales and a reputation for our professionalism, you can count on us to get you moving.

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Disclaimer - Property reference LLN_LLN_LFSYCL_355_768531237. 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 Allen Residential, Paulton. 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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