Breachwood View, Bath, BA2

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.