4 Bed HMO, Oxford, OX4 1XR, £550,000

East Avenue East Oxford, OX4 1XR - 1 views - 10 months ago

HMO
~103 m²
+4 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£32,700

Total Cash In

£170,200

 

 

Cash Out

 

Room Rate

£732

Gross Rent

£2,928

Running Costs/mo

£2,895

Cashflow/mo

£33

Cashflow/yr

£399

ROI

0%

Gross Yield

6%













Property History

Listed for £550,000

May 20, 2024

Floor Plans

Description

An opportunity to acquire an Edwardian three/four bedroom house situated in this favoured no through road within walking distance of Magdalen Bridge and The High Street.
The property currently has an HMO license for 4 occupants providing a gross yield in the region of 6% and as such might be of interest to investors and those looking to reside themselves (presently available with tenants in situ or vacant possession from 1st October). Well-proportioned accommodation over 3 floors (approx. 1105 sq ft) including separate reception rooms, WC, a re-fitted kitchen and useful store room beyond.  Upstairs includes a family bathroom and 2 well-proportioned bedrooms on the first floor. A loft conversion provides a sizeable second floor primary bedroom with the advantage of an en-suite shower room. There is on street permit parking to the front and an enclosed back garden with useful gated rear access. No Onward chain. East Avenue runs between the Cowley Road and Morrell Avenue providing easy access to central Oxford in addition to all the local bars, restaurants and shops. The property is within walking distance of South Park, Oxford Brookes University and a range of schools for all ages. The Oxford Tube and Airline Coach services are available at nearby St. Clements allowing 24 hour transport to London, Heathrow and Gatwick. Oxford Mainline Station also offers frequent trains to London Paddington or Marylebone (approx.1 hour travel time). Council Tax Band: E

Agent Details

Chamberlain Evans, Oxford

01865 638932

Next Steps?

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