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3 Bedrooms Flat / Apartment

Ashley Avenue, Bath, BA1

£265,000

Investment opportunity to take on a successful HMO that generates £20,340 per annum in rent. This spacious apartment is over two buildings and two floors with three great sized bedrooms. Great location for Locksbrook Campus of Bath Spa, RUH, and Chelsea Road amenities. No chain

  • style
    Flat / Apartment
  • internal area
    807 sqft
  • bedrooms
    x 3
  • bathrooms
    x 1

Key Features

  • Popular location
  • 2023/2024 £20,340 current rent
  • 2024/2025 £21,600 advertised rent
  • Good size
  • Plenty of light
  • High ceilings
  • Good entrance area
  • Ongoing investment

Full description

This flat is in a great area around Chelsea Road and Locksbrook which is fantastically popular with buyers and tenants. From the bustle of Chelsea Road`s cafes, independent ethical shops and Indian takeaway to the picturesque area in Locksbrook with its bridges and locks and cycle path to Bath and Bristol along the river. The area is filled with 5* rated local amenities such as The Rooted Cafe and is fast becoming a go to location. A popular pub at the Locksbrook has a large terrace overlooking the river, a family run bakery offering fresh delicious products at Basil Bakery and the Electric Bear Brewery serves craft beer in a semi-industrial setting. For tenants, it is convenient for the RUH and the Bath School of Art and Design has a stunning campus at the bottom of the road making this property very suitable for landlords.

The property is well laid out and light and airy. It is situated above the successful dog groomers on Station Road. The door from the street is shared but mostly used by the flat. From the common hallway there is the entrance door to the flat that opens to the staircase up to the landing on the first floor. Most of the accommodation is on this floor. There are two bedrooms on the first floor with one being particularly large and airy with high ceilings. The kitchen is a galley with wall mounted gas boiler and plumbing for the washing machine. The bathroom is a modern white suite with a double glazed window.

Stairs lead up to the top level and the excellent third bedroom where there are views to the south and good space for a bed and desk. There is good eave storage too.

The property also has a small garden yard off the common hallway.

The property is currently let out with a local agency for £20,340 per annum and will be advertised for £21,600 the following year with a HMO licence for three bedrooms and being sold as an ongoing investment with the current tenants in place.

NB This is a leasehold property and as such the following information should be checked by your solicitor:

Freeholder: Owners of the commercial property under the apartment
Lease: 125 years from 1997
Ground Rent: £100 per year
Fees: The leaseholder is responsible for 50% of insurance on the building and any works.




Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Council Tax
Bath And North East Somerset Council, Band B

Utilities
Electric: Mains Supply
Gas: None
Water: Mains Supply
Sewerage: None
Broadband: None
Telephone: None

Other Items
Heating: Not Specified
Garden/Outside Space: No
Parking: No
Garage: No


Hallway
Door from communal entrance. Stairs to first floor.

Landing
Double glazed window to rear. Radiator. Stairs to ground floor and stairs to second floor.

Bedroom One - 17'1" (5.21m) x 13'2" (4.01m)
Double glazed windows to side and front. Corniced. Radiator. Cast iron fireplace. Wooden mantle.

Bedroom Two - 13'1" (3.99m) x 11'5" (3.48m)
Double glazed window. Coved. Radiator.

Kitchen - 13'7" (4.14m) x 4'5" (1.35m)
Double glazed window. Sink in worktops. Base and wall units. Hob and electric oven. Plumbed for washing machine. Recess lights.

Bathroom
Double glazed window. Panel bath with shower over. Hand basin. LLWC. Part tiled. Heated towel rail. Recess lights.

Bedroom Three - 11'10" (3.61m) Min x 11'2" (3.4m) Min
Second floor bedroom with double glazed window to side. Eave storage. Radiator.

Garden
Garden yard accessed out of common area situated to the rear of the building.

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  • ADDRESS
    Ashley Avenue, Bath, Somerset, BA1 3DS
  • guide PRICE
    £265,000
  • Tenure
    Leasehold
  • council tax
    Band B
AGENT
Alex Bowater
Alex Bowater
Location

Located on a beautiful, tree lined residential street in the ever popular Bath

Strattons + Partners are independent estate agents with deep local knowledge of Bath and the surrounding areas. We offer clear advice, personal service and honest guidance at every stage of your property journey.

Utilities
ElectricityMains Supply
WaterMains Supply
HeatingNot Specified
BroadbandNone
SewerageNone

The Energy-Efficiency Rating is a measure of a home's overall efficiency. The higher the rating, the more energy-efficient the home is, and the lower the fuel bills are likely to be.

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