Investment opportunity of the week!

BENNETT CRESCENT, TEMPLE COWLEY

Morning folks,

I hope you are well.

I am always hunting down something as close to 'the mark' as possible and this one stacks up.

On the market with Chancellors Cowley for £325,000 you can expect to rent this for £1300 to £1325 per calendar month. That will see a return of 4.8% based on a split at achieving £1325pcm.

It is 715sq ft with 2 double rooms which ensures the demand will remain constant as it appeals to 2 working professionals, couples or a single professional. A very large proportion of the Oxford property market right there!

Internally it is very nice (or at least from the pictures anyway) so this cuts out work. It is low maintenance as well so you'd hope there is little scope for ongoing tenant phone calls in the middle of the night I would think!

On the 2nd July 2014 number 48 Bennett Crescent was purchased for £244,000. On the 21st June 2016 it sold for £310,000. That is a whopping turn around in 2 years.

Further evidence of this price movement comes from another 2 bed (number 66) picked up for £192,500 on 21st March 2006. It recently sold for £310,000 on 15th August 2016.

And now they are pushing out at £325 - £350k. This block certainly shows no sign of slowing down and has a very solid rental history. I look after 4 in this location and they are always guaranteed to rent. This particular one would be a very appealing addition to anyone's porfolio.

Call me for more.

Best regards

Richard