Back in Silkdale Close, Cowley for this investment cracker!!

Well the number certainly work with this one folks.

On the market for £220,000 with Chancellors, Cowley you will expect to hit a rent of £975pcm on this which would give you a 5.3% return on your investment, assuming you purchased at asking price. As always is the case with my advice, I wouldn't!

I say this because even at a glance I think the property needs a re-dec and shower unit. Tap operated showers are not really what tenants want or expect for their money so money will need spending here. In addition to this some of the furniture needs an overhaul as well. I approximate spending around £2500 to bring this property to standard but a viewing would be good to further assess the condition. A photo can lie after all!

Other than the above it really doesnt have much of a downside. These are really shrewd investments. Just ask the previous owners of 21 Lizmans Court who purchased the property in July 2012 for £155,000 and then sold it on 10th May 2016 for £210,000 representing a 27% increase.

Good right?

Aside the work these flats are minimum fuss and a real hidden gem in Oxford for those of you looking to add to the current portfolio or purchase for investment for the first time.

Please feel free to call me for more information.

Best regards

Richard