Another little beauty in Wheatley, Oxford

Morning all,

I hope you are well on this fine Thursday.

There is much to be said about village life. The walks, the countryside, the quiet and a wonderful sense of community spirit. And they are not bad places to invest either.

I have dipped into Wheatley on a few occasions primarily for 3 reasons:

Good yield
Capital appreciation
SCHOOLS!!!

The first two are important and go without saying. This one is on the market with Morgan and Associated, Little Milton for £265,000. It is set over 3 floors and has clearly been refurbished throughout. From its last selling price it is clearly also a conversion into I would suspect two apartments.

Right so that condition sorted (very nice). Size wise the bedrooms are perfect and 2 doubles always reaches out to a wider demographic. The living room is open plan dining/living/kitchen which can appeal if the right size and layout however this is one open room from what I can tell on the pics. It is not very small but not that big either at 312sq ft.

Aside from this it has no real down side. You can expect approx £1100 per calendar month on the rent. Against the asking price (if you pay asking price that is) then you are hitting 4.9% which is a healthy figure in the Oxford market especially considering the high demand.

Whether 2 bed, 3 bed or 4 the properties in this location shift quite significantly in price year on year. A 4 bedroom house sold on 19th August 2014 for £416,000 and then sold on the 14th October 2016 for £675,000. Recently a 3 bedroom property purchased for £240,000 on 5th August 2011, sold for £305,000 on 15th November 2016.

It is the last of the 3 points that generates the biggest stir (assuming you have or are expecting a child of course) The primary school in this area is hugely sought after, so much so that we saw one of our 3 bedroom property, available to rent last year go over and above the stated asking price. The reason was for families or young couples to be in the catchment area for this school.

All in all a nice investment. For more on this and other village locations to make an investment please call me.

Best regards

Richard