House for sale in Oxford, Abingdon Road, OX1 : Oxford : OXF240038

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5 bedroom house, Abingdon Road, Oxford OX1 - Available

Abingdon Road, Oxford OX1

5 Bedroom | Freehold | 3 Baths | Secondary Accomodation

Asking price £1,150,000

Oxford 1.3 miles

Radley 3.7 miles

Police Station (Stop P1) 0.7 miles

AN INVESTMENT OPPORTUNITY. A delightful period three storey house converted into three flats providing an ideal investment opportunity in this convenient location less than a mile from the city centre.

Description

A well located investment opportunity situated approximately a mile from the city centre. This three storey period building has an immense amount of character and has been divided into three apartments, all held on one freehold title. Each of the apartments is a good size with well proportioned rooms exhibiting character and based on the current letting arrangements achieves a healthy rental yield of 6.4%. The apartments lend themselves to short stay lets with AirBnB or similar or to be let on longer term AST's.

In brief, the accommodation comprises:

Ground Floor Flat: Side Entrance, Kitchen, dining /reception area, 2 bedrooms, bathroom

Middle Floor Flat: Front entrance, Hallway, Kitchen, reception room, 2 bedrooms, bathroom.

Top Floor Flat: Entrance hall, Kitchen, reception room, bedroom, shower room

Additionally, there is a good sized garden to the rear and a double garage and off street parking.

Location
The Abingdon Road is the main arterial road from the south leading to Oxford city centre and the property is only a short distance from Hinksey Park where there are lakeside walks, tennis courts, seasonal heated swimming pool, Children’s play areas and the popular South Oxford Adventure playground. The location is ideal for students or for visitors to Oxford given its proximity to the city centre. A regular bus service passes the front door or it is a level walk or cycle. The local area has an extensive choice of public houses, restaurants and the Voco Oxford Spires Hotel all within close proximity, along with plenty of other amenities, including a Tesco local in addition to other shops and the River Thames.

The main rail station and the bus station are also situated less than 2 miles away and provide regular services to London, Birmingham and the airports and in less than a mile to the south, the road network connects to the Oxford ring road.

Additional information.

Tenure: Freehold

Two flats are currently let on AST's and one flat is used for short stay rentals.
All mains services are connected.
Council tax band: Each flat is separately rated B
Heating is either storage heaters on mains gas depending on the flat.

Mobile phone coverage and speeds can be checked here: checker.ofcom.org.uk, however, all providers are predicted to have good levels of service inside and outside at this property.

Broadband speeds can be checked here: checker.ofcom.org.uk. The maximum download rate is predicted to be 1000mbps with a 100mbps upload speed, subject to availability.

Flood Zone 3

The next steps...

Establish funds

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They do all the legwork for you, working on your behalf with the lender
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You get more loan options because they work with numerous banks and lenders
Brokers can finance tricky deals because of their knowledge and various lending partners
Are typically easier to get in contact with, less bureaucratic.

However with your bank maybe able to:

Build off existing relationship (discounts if you have a checking/saving account)
You may already know the banker who will handle your mortgage
Perhaps more trustworthy, more accountable than a smaller shop
Lower interest rates in some cases
Ability to add mortgage to existing banking profile and make automatic payments from linked account.

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