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See how verdicts work3-bedroom flat · BA1 2JQ
For saleListed 503 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
With a secure front entrance from the street, stairs ascend to the first floor entrance lobby with panelled walls and turning stairs to the upper floors.
A bright and airy sitting room overlooks the street to the south with an ornamental fireplace within the panelled walls and an aperture to a well-appointed kitchen/dining room.
With sleek designed cabinets under quartz tops and integrated appliances. Two Velux style windows allow ample light to flood into this room.
This floor also has a double south facing bedroom with panelled walls and concealed storage cupboards.
The second floor is also panelled and comprises a principal double bedroom with storage cupboards and the bathroom, both of which have ornamental fireplaces and are double aspect with two recessed sash windows looking out to the street scene on a southerly aspect.
The bathroom is fitted with a quality natural tiled floor and a luxury suite comprising a free-form bath, a separate shower cubicle and his & her basins in vanity units above which is a full width mirror.
There is a small storage cupboard to one corner alongside the period fireplace. The top floor is arranged with an open landing and window leading into a dual aspect bedroom.
If required, the landing could be adapted to provide an en-suite shower room to this third bedroom that also offers elevated views to the south.
There is also a basement with access to storage for each apartment.
Situation Wood Street is within the heart of the city and literally meters from the hub of the cities shopping area with many quality restaurants and bars on hand.
Bath Spa railway station is on the mainline to London Paddington and the west, with Bristol International Airport less than 20 miles drive away or direct bus service from the Bus station.
This World Heritage site offers a wonderful legacy of notable historic buildings and architecture to enjoy, along with gardens and open spaces for recreation.
Cultural activities and a number of theatres meet the broadest tastes with numerous festivals throughout the year.
Property Ref Number: Ham-58486 Additional Information Term of Lease from 01.01.2017 to 30.11.3014. Service Charge: £5,700 per annum. Ground Rent: £350 per annum.
Services: Mains connected electricity, water and drainage.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Flat 1, John Wood Apartments, 2, Wood Street, Bath
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