GORDON WOODWARD WAY, OFF ABINGDON ROAD, OXFORD |
So this one hit my radar this morning and with a number of properties in this location I am well on hand to advise you buy it.
On with Oliver James for £285,000 you can expect to let this one out, on a furnished basis, for £1075 per calendar month which will see a return of 4.5%.
Crunching the numbers further reveal 6 monthly management charges at £577 and ground rent at £275 for a nicely kept development. This particular property sold for £229,950 in September 2005 and at its current price it has certainly held its own during financial downturns.
The outlay on works required look minimal with a repaint required in some areas, notably the bedrooms, but other than this it looks good to go and would attract professional sharers or couples, for which there is a huge market at present.
Call me if you would like to find out more.
Best regards
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