3aLondonStreet,Bath-KindenPropertybyToby
3aLondonStreet,Bath-KindenPropertybyToby
3aLondonStreet,Bath-KindenPropertybyToby
3aLondonStreet,Bath-KindenPropertybyToby
3aLondonStreet,Bath-KindenPropertybyToby
3aLondonStreet,Bath-KindenPropertybyToby

Project Walnut

"The Curator"

Bath being a popular destination, holiday lets perform very well however, the majority of flats in the city centre have a restricted use clause in their lease. After almost six months of sourcing, we found this large 90 sqm. split level Grade II listed flat located in the artisan quarter of Bath city centre, minutes to shops, restaurants and World Heritage buildings. 

We received a good value on the purchase price as the seller was moving overseas and in a hurry to sell, the entrance to the building was also a bit neglected and did not give a good first impression. However, the property offers ample space with access to the rooftop, and it's steps away from restaurants and cafes. 

The strategy is to renovate the large split level flat into a luxury holiday let, which also enhances the capital value of the property.

The concept is to bring to the market, a new type of understated luxury that has been catching popularity in recent years, amongst the movement are popular magazines like Kinfolk, Cereal, estate agency The Modern House. We aspire to achieve a similar authentic and calming vibe used in the new breed of luxury boutique hotels like Heckfield Place, The Newt and Wildlands. Yet at a lower price point so it's affordable to service a wider clientele.

 

Renovations included: a full redecoration, upgrade of the two bathrooms, bespoke joinery and secondary glazing. Works were finished in June, and we opened to holiday rental guests in late July.

Professional photos by Toby Mitchell

TARGET

Luxury

Holiday Let

PROJECTED

GROSS RENTAL

12-15%

NET YIELD

10-13%

MV UPLIFT

15-30%