Should You Be Buying In Southfield Park, Oxford??

A few weeks ago, I discussed the differences in the rent that could be achieved from properties in the villages around Oxford, however I now turn my attention to the city and in particular Southfield Park, Cowley. It caught my attention.

Typically a 1 bed apartment in this development will sell for £160,000 depending on condition and position. You can expect a rent of approx £795 per calendar month which would see you acheive a rental yield in excess of 5.5%. A fantastic return from your investment. Interestingly they do go even cheaper than this with one selling recently for £150,000. Even with consideration to its locality (ground floor) it was nicely presented and would still command a rent of £750 which would give you an even better yield at 6%.
                       
The good news doesn't stop there folks. The average price for a flat in this development is £178,000. This has achieved an increase in value of 6.9% from 2013, 8.65% from 2012, 14.5% from 2011 and 23% from 5 years ago. When you consider the economic climate in recent years these are impressive appreciations.
                       
If you are a landlord who is looking to buy property to let, you should of course consider both capital appreciation as well as yield. If you can achieve the right figures on both then all the better but it is not essential. Sometimes a good yield won't appreciate quickly in capital value and vice versa but so long as you have one of the two you are on the right track.

If you would like any advice when choosing properties, you may come and see me at our office on Woodin's Way, Paradise Street or email me at richard.goodwin@martinco.com


Best regards

Richard