Morning all,
Back on the investment trail and there's no better place to start than OX1. For tenants Kennington is a real winner. It offers quiet village setting with local conveniences, and is within 5 mins drive to Oxford centre. It is also the right end of town for the A34.
https://c.zoocdn.com/dynimgs/listings/resized/265802916/1024x768?primary_brand=zoopla
The most appealing part however is the rental price is attractive to tenants because it's considerably cheaper than most in central Oxford.
On the market with Chancellors you can expect a rent of £895 for this one. If you are to believe the selling agent then you'll have to pay over the £250,000 to get it. Is that right? Well on August 9th 2016 a one bedroom property in this development sold for £225,000. Fast forward 11 months is a one bed flat now worth over £25k more? The market decides that but in this market you'd have to be confident with an offer.
If successful you've got yourself a real winner. No internal decor needed and ready to rent.
A great apartment in a great location, oh and it's also got parking!
Call me for more on this and others.
Best regards
Richard
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