Iffley - 2 bed maisonette - 6.1% yield

Allen and Harris have just put this 2 bed maisonette on at £200,000

Situated in Iffley, between Rose Hill and Church Cowley Road, this will be popular with tenants as well as buyers.

A two double bedroom duplex apartment in this popular and quiet cul de sac location. With its own front door and set over two floors the property offers open plan living/dining room, fitted kitchen, two bedrooms and family bathroom.

This will rent every day at £950 to £995 pcm depending on condition, so depending what you can buy it at, a yield of 6.1% is very achievable 

I have a feeling this wont be on the market for long. Rightmove link below the picture

http://www.rightmove.co.uk/property-for-sale/property-44436817.html

It's A Bargain Hunt In Oxford's Property Market

A landlord came to talk about our claims of Oxford's property market being so buoyant at the moment, when we arrived at the subject of bargains available in our city.

I did a little research and found that a rather lucky person had purchased a two bedroomed converted flat, in Brasenose Driftway this Spring, for only £217,000. This property had previously sold for £228,000 in 2007. This represents a great bargain with a gross yield on the rental return of 5.2%.

In a similar area, another 2 bedroom property sold for £250,000 this year, which is the same price it was at the market peak in 2007. Again, a fantastic buy that went on to achieve a 5% rental yield.

If you would like to come and discuss properties in the area, you are welcome to visit our office on Woodin's Way, Paradise Street or give me a call on 01865 812110 

Seacourt Road, Botley - 3 bed semi that needs lots of TLC

David Tompkins have this semi detached three bedroom house in need of further modernisation and benefiting from gas fired central heating and part double glazing.

Its on the market at £269,950. Needs some work (look at the pics) and the garden is a bit of a jungle

Accommodation currently comprises of entrance hall, sitting room/diner, ground floor bathroom, kitchen, three first floor bedrooms. Own driveway. Mature good sized rear garden.

There is something about this property I like. Done up well, it will sell well and rent well. Rightmove Link below ...

http://www.rightmove.co.uk/property-for-sale/property-46408913.html

Copse Lane, Marston, Oxford - decent BTL deal?

Whilst this wouldn't win prizes for prettiness, these purpose built 2 bed apartments are little crackers. On the market with Scott Fraser at £215,000, depending on condition, these can rent for £950 per month, giving a very reasonable yield of 5.4% per year.

The service charges are quite often next to nothing (do check though).

I have a good feeling about this one. Rightmove Link below ...

http://www.rightmove.co.uk/property-for-sale/property-30389361.html

Upper Fisher apartment .. 33% capital growth since 2007 and 4.5% yield

A beautifully presented and appointed one bedroom ground floor flat in this development built in 2001 by Messrs Kingerlee. The development is in a most central location and is therefore within walking distance of an excellent range of local amenities

I have a real soft spot for development. they sell well and let well

They rent for £1100 to £1150 per month, so with an asking price of £300,000, a reasonable yield of 4.5% is achievable.

The thing with this apartment block is they do go up in value rather well. At the height of the boom in 2007, these were selling for £225,000.

There arent many properties that have increased in value by 30% since the boom of 2007 in Oxford. I know you might say it hasnt sold Richard. Trust me, I think this will quite quickly. On the market with Oliver James. Rightmove Link below ...

http://www.rightmove.co.uk/property-for-sale/property-30550542.html

A Few Facts About The Property Market In Kidlington

A landlord who has invested in rental properties throughout Oxford asked me about the property market in her home town of Kidlington.

What we found out about the town was quite interesting. The average value of a property in Kidlington is £329,400, which is just £20k below the average of its neighbouring village of Yarnton. The most expensive street in Kidlington is Mill End, where an average property is worth in excess of £984k. Only 961 properties out of the 6258 properties have been sold since 2011 national census.

Interestingly of the 6258 properties in Kidlington only 506 were privately rented representing 10% of the Kidlington market. This figure sits below the Cherwell District average of 16%.

If you would like to come and discuss property in the area, you are welcome to visit our office on Woodins Way, Paradise Street, Oxford 

Cowley 3 bed semi - potential 5.5% yield

Connells have this 3 bed semi on the market at £275,000. It says its been in the same ownership for 50 years. If you can see through the carpets and trinkets, you will see all the expensive things have been attended to .. Gas CH's, laminate floors and DG

De-1970's it and you have a fabulous property which will let for £950 to £995 per month.

Get an HMO licence and let it sharers and you will get £1200 per month which would give you a 5.5% yield.

Rightmove Link below ...

http://www.rightmove.co.uk/property-for-sale/property-46201967.html?premiumA=true

Windmill Road, Oxford .. potential yield of 6.8% pa

With looks only a mother could love, Lee and Lindars have just put this one bed apartment on the market at £140,000.

The agents say it has been let out  £690 a month in this condition.

Spend some pennies on it, laminate floor, redec, new kitchen, carpets (£7k tops if you are doing it yourself or £10k with a builder), and all of a sudden, you will have a property that will let for £825 per month , so depending what you buy it for, a yield of 6.8% per year

There isnt much going for it .. just look at the pictures ... but if you can see through that, you might be able to pick up a bargain!  Link below ...

http://www.zoopla.co.uk/for-sale/details/32998982

Is Botley Oxford's Sleeping Giant?

A landlord of mine called me on Wednesday last week as he had recently missed out on a 2 bedroom property in Hazel Road, Botley (opposite Botley Arcade) which sold in a matter of days. He had also been looking at a 3 bed in Cumnor, and that went within 2 weeks. He wondered if there was anything special about the area so I decided to do a little research

.

I have highlighted Hazel Road, Finmore Road and Cumnor as locations for my Botley review, all of which are 1970's build houses with 1, 2 or 3 bedrooms.

The 2 bedroom property in Hazel Road was sold at £250,000. If it was offered to decent standard it would attract a rent of £1025pcm which offers a yield return of 5%. Finmore Road's 1 bedroom converted flat sold at £149,500. This had a complete internal redecoration and commanded a rent of £795pcm which offers a fantastic annual yield of 6.3%. And finally a 3 bedroom property in Appleton Road, Cumnor which was purchased in January. This property offered 3 double bedrooms, garage and summer house and provided the perfect property for families looking to settle. The purchase price was £350,000 and it achieved a rent of £1600pcm giving it an annual yield of 5.4%.

Rather than go on and on, I will leave you this; All 3 locations showed a 20+% capital growth rise in the last 5 years

Rectory Road, East Oxford - is this good buy to let investment?

First floor 2 bed apartment on the market at JCP for £275,000.

Nice inside but the second bedroom isnt the biggest (some of these are 2 pure doubles)

They let well and sell well as its in the Golden Triangle. The rent would be £850 per month which gives an awful yield of 3.6%.

Why have I highlighted it?  the owner bought this for £180,000 last August, which means the capital appreciation will be excellent. Its not all about yield! Link to Rightmove below ... 

http://www.rightmove.co.uk/property-for-sale/property-29455743.html