7 bed detached house for sale in Breachwood View, Odd Down, Bath BA2, £625,000

625,000.00

Offer Nr.:
65936282
Type of ad:
for Sale
Property type:
7 bed detached house
Bedrooms:
7
Bathrooms:
3
Reception rooms:
1
Contact name:
Zest
Phone(s):
01225 288616

* Freehold
* HMO opportunity for 7 bedroom property with HMO Planning/License in progress for 7 persons
* Signed Tenancy until Aug 2024 (further tenancy proposed to 2025/tbc)
* Current annual gross rent £45, 864 for 23/24 representing gross yield 7. 3%.
* Anticipated new target annual rent for 24/25 circa £48, 720 representing gross yield 7. 8%
* Student accommodation 100% let with annual rent increases (4 years under management with Zest)
* EPC rating C. Freehold. Council tax band F. Off street parking and rear garden.
7 bedroom HMO, situated in the popular Odd Down area, with ample living
accommodation, 3 bathrooms, 1 WC, private rear garden and free off street
parking Gross Rent £45, 864 per annum—representing gross rental yield of
approx. 7. 3% +
**Description**
11 Breachwood View comprises a 7 bedroom property with HMO Planning/License in
progress for 7 persons, tenants secured for summer 24 with Gross Rent £45, 864
per annum—representing gross rental yield of approx. 7. 3% +
Bath location benefitting from excellent student demand with Bath being home
to University of Bath, Bath Spa University and Bath College. Investment
opportunity. Current annual gross rent £45, 864 for 23/24 representing gross
yield 7. 3%. Anticipated new target annual rent for 24/25 circa £48, 720
representing gross yield 7. 8%. HMO tenants are responsible for the payment of
all utilities and bills - HMO rents are exclusive of these costs. Student
accommodation 100% let with annual rent increases (4 years under management
with Zest) . Great Bath location benefitting from excellent student demand
with Bath being home to University of Bath, Bath Spa University and Bath
College. Strong supply vs demand fundamentals with c. 24, 000 students and only
7, 826 pbsa bed spaces leading 67% of the student population seeking
accommodation away from pbsa. Bath has Article 4 restricting the future supply
of more HMOs
**Location**
Odd down has a lot to offer! For convenience, there is a large Sainsburys, a
Tesco Express with petrol station and further shops with Co - Op's, a pharmacy,
vets and doctors surgery and pubs and takeaways nearby. There are many bus
routes that lead directly into the city and beyond. The very popular and well
used Odd Down Cycle Track is nearby alongside Entry Hill golf course (soon to
be Mountain Bike Centre) and lots of countryside walks within the vicinity.

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