House for sale in Oxford, Abingdon Road, OX1 : Oxford : OXF240039

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5 bedroom house, Abingdon Road, Oxford OX1 - Available

Abingdon Road, Oxford OX1

5 Bedroom | Freehold | 3 Baths

Asking price £750,000

Oxford 1.3 miles

Radley 3.7 miles

Police Station (Stop P1) 0.7 miles

A rarely available opportunity to purchase a period town house extending to over 1800 sq ft over three floors. currently used as an establised HMO. generating an income of £40,800 and a gross yield of 5.4% but can be used as a private house Subject to change of use.

Description

A well proportioned five bedroom terraced house located in a prime position less than a mile from Oxford City Centre. The property is currently let as an HMO for 6 persons and additionally has planning consent to be an HMO although it could be used as a private house subject to change of use back to a residnetial dwelling. The current annual rent is £40,800 generating a rental yield of 5.4%. Subject to the necesssary consents, there is the opportunity to split the large sitting room into two reception rooms or bedrooms achieving more accommodation to generate a greater yield.

The accommodation currently compries: Ground Floor: Entrance Hall, Sitting Room, Kitchen/Dining Room, Utility Room. First Floor: Two Bedrooms with En-suite, a further Bedroom, separate Shower Room. Second Floor: Two Further Bedrooms with Wash Hand Basins

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, a 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 local public houses, restaurants and the Voco Oxford Spires Hotel are 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
All mains services are connected.
Gas fired central heating
EPC rating D
Council tax band D
HMO licence for 6 persons.

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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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
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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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