2-bedroom flat · BA2 4AZ
Under offerReduced £25k (−6.7%) on 22 JulListed 264 days
Opportunity summary
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About
Reception hall • Living room • Sun room • Kitchen • Two double bedrooms • Bathroom Communal Facilities: Communal lounge and library • Ground floor terrace • First floor terrace overlooking the canal and canal boats • Guest room which can be pre-booked • Laundry room • Recycling centre • Secure gated parking Description Presented in good order throughout, this homely apartment is situated in the desirable 'Stable Block' where each property is self-contained with its own external front door.
This apartment has the bonus of two reception rooms both with a great view of life on the Kennet & Avon canal.
The accommodation is tastefully presented throughout and comprises an entrance hall with two storage cupboards, a generous sitting room, a delightful sunroom, modern kitchen, two good sized double bedrooms with the master bedroom enjoying plenty of built in storage.
The property is completed by the bathroom with electric shower. Heating is via night storage heaters.
The Moorings is a much sought after complex of Georgian style retirement apartments, located on the lower slopes of Bathwick Hill, adjacent to the Kennet & Avon canal.
This prestigious development originally built by McCarthy & Stone comprises 56 one and two-bedroom individual properties over three floors with lift access.
The building has the benefit of gated secure communal parking for residents and their guests on a first come first served basis.
The Moorings offers independent assisted living with an onsite house manager Monday to Friday with pull cords within the flats with a 24x7 Careline.
The onsite manager is well regarded by the residents and keeps the building superbly maintained. Residents can involve themselves in social activities as much as they would like.
A selection of activities are: Daily coffee and tea in the communal lounge, weekly Saturday evening get together, monthly book club, weekly scrabble evening, music evenings, day trips.
Situation The Moorings is conveniently placed within one of the most desirable areas in the city, close to the Tesco Express and bus stop which is well served by frequent buses to Bath Spa Railway Station and the city centre.
This location is so popular as it is a gentle walk down the hill onto the level and into the city centre.
Lovely walks are on your doorstep along the adjacent Kennet and Avon Canal and through National Trust Land very near at hand.
The unesco World Heritage City of Bath offers a wonderful array of chain and independent retail outlets, many excellent restaurants, cafes and wine bars, a number of well-respected cultural activities including the nearby Holbourne and One Royal Crescent Museums, the Roman Baths and Pump Rooms along with a famous international music and literary festival and of course the Theatre Royal.
Additional Information Tenure: Leasehold (remainder of 125 years from 1st October 1998). Ground Rent: £384 per annum Service Charge: £2,728 per annum Services: All mains services are connected.
Local Authority: Bath and North East Somerset Council. Council Tax: Band D EPC: Band D Viewings: Strictly by appointment with Carter Jonas.
Value & comps
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Returns
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Archie refurb estimate: a Pro feature
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
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About 1 The Moorings,, Sydney Wharf, Somerset
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