4 bedroom villa for sale

£725,000

4

Bedrooms

3

Bathrooms

Floorplan

FREEHOLD

An attractive and striking attached Victorian home located on a bold plot between Newbridge Road and the A431 with a wealth of period features set over 4 floors. Given the location and size of this property we believe it offers much scope for further investment as a large home and various uses subject to the usual consents and as licensed student HMO would provide a good income.

Bath enjoys international acclaim as a World Heritage Site for its Georgian architecture and Roman heritage and offers wide variety of cultural, leisure and business amenities along with excellent restaurants and boutique shops and large retailers. There are some very well-regarded schools nearby in both the state and private sectors, and sporting facilities include Bath Racecourse, Lansdown Golf Club and Lansdown Tennis/Squash Club and The Rec the home of Bath Rugby.

Newbridge Road is located on the Northwestern side of Bath. The RUH is only a short distance from the property and local amenities can be found at the well-regarded Chelsea Road which is approximately 200 yards away. Bath Spa University at Newton Park and Bath University, both can be reached with ease by bus and Bath Spa mainline railway station also provides high speed direct links to London Paddington.

On the ground floor as you enter the property there is there an impressive entrance hallway and access to the basement and a separate WC. To the right-hand side of the hallway is a front reception with impressive bay window and high ceilings along with some original features including the fireplace.

Off the reception room is the dining room which leads down to kitchen which has had direct access to the side of the property and the parking space. To the left of the hallway is the sitting room (or could be used as bedroom 5)and has high ceilings and an amazing bay window, allowing lots of natural light to flood into this room. On the next floor there are three further bedrooms and family bathroom and then stairs to the 4th floor which has as another bedroom with an en- suite shower room.

Externally
There is a decent sized garden mainly laid to lawn to the front of the property with an array of shrubs and bushes enclosed with wooden fencing. There is a very useful off-street parking space located at the rear of the property for one car and permit parking is available from the local authority.

Agents notes

The property has Vacant Possession

Currently vacant, but could be let as a Student HMO - licenced I until 2028 this property lets for approximately 3500.00 per calendar month but we believe more can be achieved.
All bills including utilities/council tax/etc were the responsibility of the tenants.


Please note there is a Basement area but it has not been measured and does not show on the floor plan.

Local Authority Bath and North East Somerset / Council Tax Band E
EPC Band E
Currently E
Potential C

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.






Map location is not available for this property.

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 600825

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 18125
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 57075
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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