A little gem in Reliance Way, Cowley!

Good afternoon all,

I hope you are well.

I spotted this one in Cowley. I am sure you locals in Oxford will know Reliance Way quite well and what was true in 2010 is still true now......It makes for a cracking investment!

You can find this one on the market with Chancellors for £350,000. Recent selling history saw one sold on the 1st July 2016 for £340,000 and prior to that number 144 Reliance Way sold for £347,000 on the 26th April 2016. In short the price is thereabouts but that should never deter you from an offer!

The going rental rate for this apartment is £1295 - £1325pcm. At the lower end (always cautious me!) which gives you 4.5% on the yield.

Internally it looks sound but this will need a viewing to inspect closer. If it is as it is presented in the pictures then you will need very little done to it.

With the recent house price index from March to April reporting a slowing down in annual property growth, now could be a very good time to jump in there with an offer on this apartment. It has a rich rental history throughout the block and very rarely do you see voids on these units.

Call me if you would like to know more.

Best

Richard