Investment property of the week - Kidlington, Oxford

Afternoon all,

WILSDON WAY, KIDLINGTON

So I have stepped into the up and coming area of Kidlington for my next installment. for some of you die hard blog fans you will have noted my recommendations from last year for Kidlington particularly as the new railway is built. It has seen a 2.7% increase in value in the last 12 months alone which is set to continue to grow as people look for alternatives to the comparably steeper prices in Oxford centre.

This one is on the market with Thomas Merrifield, Kidlington for £270,000. It will fetch a rent of approx £1050 per calendar month which will see it return 4.6%. Recent lettings evidence suggests that £1100 per calendar month is achievable. This from a similar property in this street that was slightly bigger. Even still the rents are moving here. At the beginning of 2016 the going rate was approximately £925 per calendar month.

An offer (surprise surprise) is definitely worth considering here. It was first listed on 20th October 2016. 232 people have clicked on it for extra information but I can assure you that 232 people have not viewed it. Why? Price. It should be nothing more than this. At the right price it is a cracking investment. Another reason a deal is necessary is that work is needed in places. From the pictures only ( yes I do have a very keen eye!) I suggest possible replacement carpets. I see a few marks. Bathroom and kitchen are sound in design but shower screen may be required. RE-paint is possible along with new furnishings and the back garden needs weed blasting and sorting out with some nice garden furniture as an addition. Estimated cost would be approx £3k to make it tip top.

Capital value? 72 Wilsdon Way sold on 29th July 2011 for £194k and resold on 11th November 2016 for £275k.

Not a bad return is it?

Call me for more on this and others.

Best regards

Richard