- Profitable Investment +
- HMO Licence for 5 +
- Change of Use Granted +
- Enclosed Rear Garden +
- Off Road Parking +
- No Onward Chain +
A well presented three storey townhouse situated in this popular development by Berkeley Homes. Currently let on an assured shorthold tenancy with a valid HMO licence and planning permission for change of use from C3 to C4 currently generating an annual income of £40,800, increasing to £43,200 for the next academic year in 2025, equating to a gross yield of 6.1%.
The light and airy accommodation extends to over 1,500 sq ft in total and comprises an entrance hall, cloakroom, kitchen/dining room, sitting room, two large first floor bedrooms, one with ensuite shower room and large sit out balcony. Three further bedrooms are located on the second floor along with a family bathroom.
Outside there is a driveway leading to the front providing off road parking for two cars and a private garden to the rear with pedestrian rear access.
Reliance Way is a popular development well placed within easy reach of the Cowley Road and within ever popular East Oxford. The property is less than a mile from the business park and just over 1.25 miles from the ring road. There is a regular bus service from the main road to both the city centre and Cowley centre.