Woodford Way, Witney, Oxfordshire, OX28

INVESTMENT PROPERTY Potential gross yield of 6.86%. Modern, two bedroom with ensuite and sought after allocated parking in a central location and within a Conservation Area. Let until Mid February 2025.

THE PROPERTY:

Situated on the first floor, this two-bedroom apartment has the benefit of an ensuite shower room and allocated parking.

To one end of the sizeable living area is a sleek modern kitchen with integrated oven, hob, washing machine and 'fridge /freezer that will be included in the sale price.

The combination of sealed unit double glazing and efficient electric heating accounts for its impressive 'C' EPC rating and 'future proofs' this investment against anticipated legislative changes aims at ensuring rental stock reaches this level by 2030. The lack of gas removes the need for costly gas safely certificates and the property is fully compliant as a rental investment.

The current rent of £1,100 PCM produces 6.29% gross yield and the current market value of £1,200 PCM would return gross yield of 6.86% at the asking price.


Agents Note:

The photographs are taken from our archive and show the property before the current tenancy.

Tenure: Leasehold. The property benefits from the remainder of a 125 year lease granted New Year's Day 2009. Ground rent £300 per annum. Maintenance Charge £2,283.52 per annum payable in half yearly installments of £1,142.76 in January and June.

West Oxfordshire District Council (Tax Band C).

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:

Built on land bequeathed to the town by the blanket manufacturing family Marriott, Woodfor way forms part of the Marriott's Walk development. This is a mix of quality apartments, shops, restaurants and cafes built around a piazza and a 5 screen cinema.
Witney is a thriving market town on the edge of the Cotswolds about 10 miles to the West of the dreaming spires of Oxford. Its location on the banks of the River Windrush led to the manufacture of high quality blankets known the world over until the last mill was closed in 2002.
The town offers several thriving sports clubs catering for rugby, cricket and basketball players. Much of the town's fine architecture reflects the wealth of the woollen trade in its heyday. The rich variety of shops, street cafes, and excellent sporting facilities coupled with higher order services that include a hospital greatly add to the quality of life.

Witney is well placed for the A40 linking the dreaming spires of Oxford to the attractions of Cheltenham Spa and is served by a modern bus fleet featuring wi-fi. within six miles is Hanborough main line station. Journey time to Paddington approximately 78 minutes.