4 bedroom semi-detached house for sale

Mill Lane, Old Marston Village

Sold STC £550,000

Property Description

Key features

  • Profitable HMO Rental Property
  • Tenants In Situ Until Sep 2017
  • Planning Granted to Redevelop
  • Create Two Separate Dwellings
  • Sought After Village Location
  • No Onward Chain

Full description

HMO INVESTMENT WITH PLANNING FOR REDEVELOPMENT

Rental investment property with planning permission for extension and conversion into two dwellings. Currently let until September 2017 and generating an income of £26,760 per annum equating to a yield of 4.8%. Well maintained four/five bedroom accommodation arranged over two floors with a valid HMO license.

Planning permission has been approved for the demolition of the existing side extension and the erection of a two storey side extension to form a new three bedroom end terrace house alongside what would then become a three bedroom mid terrace house. Our suggested resale figures on the new dwellings would be £450,000 - £500,000 depending on the level of finish and if the layouts were tweaked.

Old Marston Village is a vibrant community with two pubs, a library, church and a community centre as well as being in the Cherwell school catchment area. The property is within easy reach of local shops and amenities as well being conveniently located for access into the City, the Summertown shopping parade and the John Radcliffe Hospital.

Please call us to discuss the property in more detail and to book a viewing.


More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
02 September 2016

Nearest stations

  • Oxford (2.1 mi)
  • Oxford Parkway (2.3 mi)
  • Islip (3.3 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

scottfraser, Summertown and North Oxford Sales

205a Banbury Road, Oxford, OX2 7HQ

01865 809233 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

scottfraser, Summertown and North Oxford Sales

205a Banbury Road, Oxford, OX2 7HQ

01865 809233 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Oxford (2.1 mi)
  • Oxford Parkway (2.3 mi)
  • Islip (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

scottfraser, Summertown and North Oxford Sales

205a Banbury Road, Oxford, OX2 7HQ

01865 809233 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 26478922. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by scottfraser, Summertown and North Oxford Sales. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.