 |
| BRIDGE STREET, BOTLEY ROAD, OXFORD |
Recently reduced in price recently, this would make a great investment. Currently on with Oxford Apartments at £395,000 it would command a rent of £1395 per calendar month which brings your gross yield out at 4.2%. My personal thought on this one is that if you can get away with an offer of around £375,000 to £380,000 then you've done really well. I know the seller is very keen to move this forward (insider info available folks!)
As you might be able to tell it needs little doing to it. It has been beautifully finished and this will be a real draw with potential tenants, especially couples I would think.
Built in 1999 and being so well appointed should also keep the maintenance costs down year on year.
Cherry on the cake is always good indication that a property appreciates well. Well this one sold on 6th May 2010 for £315,000. Its present day value demonstrates a 20.25% appreciation which is good going in our economic climate. Not enough Oxford houses = solid house prices!
For more details on this please call me or if you are looking book in to see it. Go on, its Christmas. Its important to treat yourself now and again!
From your friendly neighbourhood property guru.
No comments:
Post a Comment