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Hands-Off Investment – 7 Bed HMO in Bath

Turnkey HMO Investment with 20.8% ROCE
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Key Features

  • Fully Tenanted until June 2021
  • Turn-Key Investment Opportunity
  • High Rental Income
  • Short Walk from University Bus Stop

The Property

An excellent opportunity to purchase this student HMO in the heart of Bath, with 7 double bedrooms, split over 3 floors.

The property is sold fully furnished and boasts a large kitchen/diner, which is fully equipped with all mod cons including 2 fridge-freezers, dishwasher, washing machine, tumble dryer and microwave.

There is also a spacious lounge with laminate flooring, sofas and a flat screen, wall-mounted TV.

This turn-key HMO boast a ROCE of 20.8%, based on 75% mortgage.

Purchase price: £625,700
Rental income: £43,998 pa
Sourcing fee: £12,500
ROCE: 20.8%

Planning Information

Licensed HMO
Certificate of lawful use for HMO (sui generis)

The Plan

A very rare opportunity to purchase a fully licensed, turn-key HMO in the heart of Bath, which is tenanted until June 2021.

This turnkey HMO generates a rental income of £43,998 pa, with 20.8% ROCE.

The Location

As one of the most desirable and affluent cities in the UK, which boasts, streets upon streets of honey coloured Georgian architecture and famous, world-renowned heritage sites such as the Roman baths and the Royal crescent, the city of Bath has historically seen high levels of capital appreciation and investment. Bath brings in over 6 million tourists a year, has a thriving premiership rugby club nestled in the city centre and a vast array of boutique restaurants, pubs and shops.

The city is not all about tourism though, with leading industries offering well-paid jobs surrounding the city. Further, there is a thriving University, that's ranked within the top ten in the country. Students make up almost a quarter of Bath's 90,000 residents.

Bath is situated just a few miles south of the M4 motorway and has a mainline railway station with frequent trains to London (75 minute journey time) and Bristol (12 minute journey time). The property itself is situated in an excellent location, just a short walk from Moorland Road shops & the University bus stop.

Average estimated value for a house in BA2


24.3% market growth over 5 years.

4.5% average postcode rental yield.

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