Regent Mews, Gloucester Street, Faringdon, Oxfordshire, SN7

Exceptional investment opportunity in Faringdon Conservation Area suited to cash buyers and offering a gross yield of 6.8%.

THE PROPERTY:

Situated in the picturesque Conservation Area of Faringdon, this delightful ground floor maisonette offers an ideal solution for those looking to enjoy town centre living without the maintenance concerns of a larger property. This accessible home provides all the convenience of single-level living with the benefit of being within walking distance of local amenities.

The thoughtfully designed accommodation features a comfortable L-shaped living room flowing into a separate kitchen, perfect for entertaining or relaxing. An inner lobby provides access to a practical airing cupboard, modern bathroom, and a spacious double bedroom complete with built-in wardrobes offering excellent storage options.

A particularly valuable feature in this central location is the dedicated allocated parking bay (marked No.5) situated nearby, providing peace of mind and convenience rarely found with town centre properties.

The property benefits from an efficient electric heating system and boasts an impressive EPC rating of 'C', ensuring both comfort and energy efficiency. The modern specifications throughout mean minimal maintenance requirements - ideal for those seeking to simplify their lifestyle.

This maisonette represents an excellent alternative to a traditional bungalow, offering similar accessibility benefits at a considerably more affordable price point while placing you at the heart of this vibrant market town community.

The property has approximately 59 years remaining on a 99-year lease (from 11th July 1985). Please note that this shorter lease term means the property is available to cash buyers only. However, the forthcoming Leasehold and Freehold Reform Act 2024 is expected to make lease extensions more affordable and straightforward for leaseholders.

Early viewings are strongly recommended to avoid disappointment, as accessible ground floor properties in such a desirable conservation area rarely remain available for long.

Agent's Note. Annual outgoings Ground Rent£100 (not subject to increase) & £1,300 Service/ Maintenance Charge. We advise purchasers to seek independent legal advice regarding lease extension options and the implications of the Leasehold and Freehold Reform Act 2024.

Vale of White Horse District Council (Tax Band B)

SITUATION:

Located in Berkshire until the county border alterations of 1974, Faringdon (meaning fern covered hill) is a charming town with a weekly market granted in 1218 and became the first Fairtrade Town in the South East of England in 2004. Strategically important during the civil war because of its commanding position in relation to Radcot Bridge, the town still bears the scars of the strife- the bell tower of All Saints being reduced in height in 1645 following cannon ball damage! It is one of several places of worship encompassing numerous denominations. The town has a good balance of large supermarkets and independent retailers as well as several thriving local societies, lending library and even a cinema.

The well-known 140 ft high Faringdon Folly lies to the east of the town and was constructed for the eccentric Lord Berners in the mid '30s. The local sports centre features an air-conditioned gymnasium, swimming pool and spa as well as squash courts. The nearby A420 links the town to the dreaming spires of Oxford and the retail and commercial centre of Swindon. Nearest mainline services to London Paddington from Swindon (c 13 miles; journey time to London 62 minutes) and Didcot Parkway (c 20 miles journey time c 44 minutes).