This property is no longer on the market
5 bedroom terraced house
Key information
Property description & features
- Excellent investment opportunity
- 5 Bedroom 2 Bathroom licensed HMO, in good order throughout
- Curent tenancy - total gross rent £36,240 p.a, gross rental yield of 6.9% (based on 12 month AST)
- Secured tenancy for 2024/2025 - total gross rent £41,220p.a, gross rental yield of 7.85%
- 110 Square Meters (£4,772p/sqm approx.)
- Freehold, Council tax band C, EPC D
- Garden and on street permit parking
Investment Considerations: - A substantial 5 bedroom HMO property for 5 persons, in a fabulous sought after location in good order throughout. Tenants in situ with further students secured for the next academic year - 2024/2025. Current Total gross rent: £36,240 per annum-representing approx. gross rental yield of 6.9%. Future secured tenancy income £41,220 p.a representing approx. gross rental yield of 7.85%. The accommodation offers a living room, kitchen, dining area, five bedrooms and two bathrooms. Rear secure level garden.
Location - 5 Thornbank Place is located just off Lower Bristol Road close to the student area of Oldfield Park and very close to the city centre. Oldfield Park is a popular location and close to Moorland Road shopping parade with its vast array of independent shops, cafes, takeaways and 3 small supermarkets. Oldfield Park further benefits from Doctors' surgery, vets and a dental practice. This location offers easy access to the city and Oldfield Park railway station (just 0.7miles away) with its connection to Bristol Temple Meads and Bath Spa station. There are local schools nearby including Oldfield Park Junior School, Moorlands Infant School, Hayesfield Girls School and Beechen Cliff. The property is also close to university bus routes for Bath Spa University and Bath University.
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Broadband availability and predicted speed: obtained from Ofcom on December 21, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on February 11, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on November 26, 2018 from 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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