Too good to miss in Kidlington

THE PHELPS, KIDLINGTON

A bit of a fixer upper in places here people, but a real cracker if you are up for a bit of refurbishment.

It needs a new bathroom and new kitchen to bring it to modern standard in my opinion. Both are quite small in dimension so I anticipate no more than £5k necessary to get this job done nicely which should also include garden turf, assuming what I am looking at is not saveable!

It will rent at £995 when brought to standard but you don't want to be paying £265,000. According to my figures the last property that sold in the Phelps, Kidlington was on the 28th November 2014 for £250,000. The two properties are almost identical in layout and in the same street and I dont know any property that appreciates by £15,0000 in 2 months!

That aside it is a cracking property in a good location. It will suit a single professionals, couples or a very small family. There is a huge calling for this in Oxford.

The appreciation on these properties is good as well. From the 17th May 2013, 106 The Phelps, Kidlington sold for £205,000. If we mark the current value of these 2 beds at around the £250,000 mark (considering I have found 3 in 2014 at this price!) then that is an 18% increase which is very good.

For more on this and others please call me.

Best regards

Richard