Let's stay in Cowley shall we?!

RELIANCE WAY, COWLEY

We have a proud history of letting property in this development. Recently a client of mine sold his on and its always a shame to lose them because they are such good investments in a great location (an investor bought the one we sold so I got it back anyway!!)

On the market with Chamberlain Evans for £325,000 these are now fetching £1395pcm which at asking price brings you bang on the money at 5.1% yield.

Internally it looks sound. Items I note from a lance are:

Fixed electric shower to main bathroom
Possible repaint
Re-carpeting possible

Small costs against the long term appreciation.

In 2010 they were letting for £1095pcm. Go back as far as 2006 and they shifting for £995. Just over 10 years on this development has achieved a 29% increase in rental return and 10 years ago in August 2006 a 2 bedroom apartment sold for £250,000. On the 26th April 2016 it sold for £325,500. A 24% increase in capital appreciation.

They don't tend to hang round long either. Oxford investors who know their market know a sound investment when they see one. Get in quick!