Allen Residential are delighted to present The Old Telephone Exchange, an exceptional freehold investment opportunity comprising five purpose-built, self-contained student apartments, positioned in an unrivalled location adjacent to Bath Spa University's Newton Park campus.

This fully converted and thoughtfully designed development offers a turnkey investment with all five apartments finished to a high contemporary specification. Each self-contained unit provides well-planned accommodation arranged over two floors, incorporating a modern fitted kitchenette with integrated appliances leading through to the living space, together with a separate shower room and generous double bedroom. Every apartment is fully furnished and benefits from superfast broadband, allowing immediate occupation with minimal ongoing capital expenditure.

Designed with efficiency, security and longevity in mind, the development incorporates solar panels with battery storage to help reduce running costs, external sensor lighting, electric heating throughout and secure gated access. The building is further protected by a comprehensive alarm system and CCTV surveillance, whilst residents also benefit from communal outdoor space and secure bicycle storage.

The property is offered fully let, generating an annual gross rental income of £75,000 (£1,250 pcm per apartment), representing a gross yield of approximately 5.17% at the asking price of £1,450,000. The development has been completed by Red Chimp Investments, constructed by Team Renovations, and designed by Lynea Architects, creating a high-quality, low-maintenance investment with excellent long-term appeal.

Occupying an outstanding position at Pennyquick, Newton St Loe (BA2 9BB), The Old Telephone Exchange enjoys arguably one of the most desirable locations for student accommodation serving Bath Spa University. Situated immediately adjacent to the entrance of the University's Newton Park campus, it is widely regarded as the closest off-campus residential accommodation available, creating exceptionally strong and consistent tenant demand year after year.

Despite its peaceful semi-rural surroundings with attractive valley views and extensive countryside walks nearby, the property remains extremely well connected. The university campus is approximately a 15-minute walk away, the nearest bus stop is just two minutes on foot, and regular services provide access to Bath city centre, local supermarkets and amenities within minutes. The A4 also offers convenient links to both Bath and Bristol, making the location equally attractive for commuting and wider connectivity.

Residents additionally benefit from a traditional country pub immediately next door, a gym within approximately fifteen minutes' walk, and a range of nearby leisure and retail facilities.

The development is available from June 2026, presenting investors with the opportunity to acquire a modern, income-producing asset in one of Bath's most sought-after student investment locations.