Meadow Way, Shilton Park, Carterton, OX18

A fine two-bedroom upper floor apartment with ensuite and an open outlook. Superb first-time or investment purchase. Realistic gross yield of around 7%!

THE PROPERTY:

This light apartment has a great deal to commend it. In addition to the appeal of being an upper floor with a pleasing open out look to the front and premium features such as a Juliette balcony and an ensuite shower room that set this apartment apart from most, it has efficient electric heating dispensing with the need for annual gas safety checks!
The EPC rating of C is well above the current government minimum standard (E) for properties in the private rented sector. In addition to keeping bills down, this rating future proofs this investment against costly efficiency upgrades to meet the anticipated increase in Minimum Energy Efficiency Standards.

The current market rental figure once redecorated is around £1,150 per calendar month - returning a gross return of a little over 7% at the guide price.
Our firm has managed this property since 2018. It therefore represents an attractive and reliable investment opportunity.

Local Authority: West Oxfordshire (Tax Band: B).
Tenure: Leasehold. The property benefits from the remainder of a125 year lease granted 1 April 2003.

Ground rent & service charge: the seller advises that the ground rent amounts to £150 per annum and the maintenance charge is currently £1,771 per annum. Both charges are paid half yearly.

Agent's Note: The images are taken from our archive and show the property as it was prior to the commencement of the current tenancy that is due to end 26 June 2024.

We are required by law to conduct anti-money laundering checks on all those selling or buying a property. Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy. The cost of these checks is £60 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable. We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.

SITUATION:

This apartment is well positioned between the country park and amenities that include local shops and school, set well back from a tree-lined avenue.

Carterton is West Oxfordshire's second town and takes its name from William Carter, a director of Homesteads Limited who developed the town in the late nineteenth century. The town became famous for market gardening notably for black grapes and tomatoes- the latter being sold in London's Covent Garden Market. The first airfield was built in the mid thirties and the RAF took over Brize Norton after the departure of the United States Air Force in 1965. The town centre has seen a great deal of development in recent years and now offers a number of large supermarkets, banks and independent retailers and barbers/hairdressers as well as a lending library and numerous eateries. There are five primary schools and several sports clubs positioned around the town. The sought-after Shilton Park development to the north east of the town is well placed for the A40 linking the dreaming spires of Oxford to the attractions of Cheltenham. It has its own community centre and local shops, country and adventure parks as well as being convenient for a modern leisure centre with swimming pool and gymnasium as well as a large medical centre that has a dentist and dispensing chemist. The town is well served by a modern bus fleet featuring wi-fi. Main line station at Charlbury (c 13 miles - Journey time to Paddington approximately 78 minutes).