Davies & Davies says ..
A licensed 5 bedroom HMO situated within close proximity of reliable transport links and the amenities of Oldfield Park producing an annual income of £37,375 (6.67% yield), which is £650 per room.
Property Oracle says ..
This five-bedroom terraced property in Oldfield Park, Bath, presents an interesting proposition. Its location is convenient, with good access to Bath Spa station and local amenities. The proximity to schools like Hayesfield Girls’ School is a significant plus. The property itself appears to be habitable but could benefit from some modernisation. The kitchen and bathroom, while functional, appear somewhat dated. The bedrooms are of adequate size, each furnished with a bed and desk. The small rear garden is a bonus but the lack of extensive outdoor space reflects the typical nature of terraced properties in the area. The property is described as a licensed HMO, suggesting potential for rental income. The lack of precise plot size information for the property and the nearby comparable sales prevents an accurate per square foot price analysis making it harder to definitively assess its value. However, considering the location, the number of bedrooms and the existing rental income (mentioned in the listing), the price appears to be in a reasonable range for the area. Further due diligence, including a detailed survey, is strongly recommended for potential buyers.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 6
- Location
- 7
- Land
- 3
- Bedrooms
- 5
- Bathrooms
- 1
- Sqft (est)
- 635.07
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 348,000.00 £Decreased by 28.05 %
- Est sale value
- 263,554.05 £Decreased by 22.72 %
- Average area rental value
- 1,967.00 £/moUnchanged by 0.00 %
- Est letting value
- 1,270.14 £/moUnchanged by 0.00 %
- Est rental Yield
- 6.78 %Increased by 38.93 %
- Crime Rate
- 3.00 %Unchanged by 0.00 %
Agent Activity
Davies & Davies created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Hayesfield Girls School | Academy Converter | Good | 0.40 KM |
| Bath College | Further Education | Good | 0.69 KM |
| Parkside Children'S Centre | Children's Centre | 0.69 KM | |
| Bath Academy | Other Independent School | 0.91 KM | |
| St John'S Catholic Primary School | Voluntary Aided School | Good | 1.00 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Westmoreland Station Road | £ 465,000 | 0 | 0.00 KM |
| Westmoreland Road | £ 0 | 0 | 0.00 KM |
| Bloomfield Avenue | £ 0 | 0 | 0.00 KM |
| Saint Ann's Place | £ 0 | 0 | 0.00 KM |
| Trinity Street | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Bath Spa | 3271 | BTH | 1.27 KM |
| Oldfield Park | 3219 | OLF | 1.34 KM |
| Freshford | 3344 | FFD | 8.44 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Thornbank Place, Bath | £ 560,000 | BUY | 5 / 10 | 0.00 KM |
| Marr House, The Square, Lower Bristol Road, Bath, Somerset, BA2 | £ 250,000 | BUY | 6 / 10 | 0.08 KM |
| Lower Oldfield Park, Oldfield Park, Bath, Somerset, BA2 | £ 175,000 | BUY | Unknown | 0.09 KM |
| Marr House, The Square, Bath, BA2 | £ 250,000 | BUY | 5 / 10 | 0.09 KM |
| Lower Oldfield Park, Bath | £ 400,000 | BUY | 6 / 10 | 0.09 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 1 Thornbank Place | £ 279,500 | 0.03 KM |
| 2 Thornbank Place | £ 221,500 | 0.03 KM |
| 16 Thornbank Place | £ 39,000 | 0.03 KM |
| 17 Thornbank Place | £ 360,000 | 0.03 KM |
| 30 Thornbank Place | £ 415,000 | 0.03 KM |