Herschel Crescent, Oxford, Oxfordshire, OX4

This beautifully renovated one-bedroom ground floor flat benefits from its own private entrance and a spacious, light-filled living/dining room. It offers direct access to a communal garden with patio, lawn, and shed, plus an allocated parking space on the private driveway. With a long lease, no ground rent, and excellent transport links into Oxford, the property is ideal for first-time buyers or investors, offering a gross yield of 6.9%. Offered with no onward chain!

PROPERTY:

This well-presented one-bedroom ground floor flat offers the rare benefit of its own private entrance, providing a greater sense of independence and convenience. Opening into a generous living/dining room that forms the heart of the home, this bright and spacious area provides ample room for both seating and dining, with a natural flow through to the rest of the property.

Leading off the living area, the kitchen is neatly arranged and well-proportioned, with an adjoining utility room providing valuable additional storage and practicality. The bedroom is a comfortable double, positioned separately from the main living space and has a nice view into the garden. Recently renovated throughout, the property features new flooring, a modern bathroom and a new water storage heater (all done in 2021), making it an ideal turnkey purchase for both first-time buyers and investors alike.

A particular highlight of the property is the direct access into a communal garden, which is shared with three other flats. The outdoor space comprises a patio seating area, lawn, and a communal shed, along with useful side access shared between the four properties. This creates a pleasant and practical extension of the living space, perfect for relaxing or entertaining.

To the front, the property benefits from a private driveway serving all six flats, with one allocated parking space as well as ample unrestricted on-street parking available out on the main road. The lease was significantly extended in 2022 by 1,000 years, leaving approximately 996 years remaining, and the property further benefits from no ground rent and a manageable service charge of £300 per quarter.

For investors, the property presents a strong opportunity, with an anticipated rental income of approximately £1,350 per calendar month, equating to an attractive gross yield of 6.9% based on the asking price.

EPC D
Oxfordshire Council Tax Band B

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 have an offer accepted on a property you wish to buy. The cost of these checks is £75 (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:

Situated in OX4, the location offers excellent connectivity, with easy access to the Oxford ring road and A34, providing straightforward routes towards Abingdon, Didcot, and the wider motorway network including the M40, making it particularly attractive for commuters. There are convenient public transport links nearby, including a bus stop providing direct routes into Cowley, Templars Square shopping centre and Oxford city centre. Cowley is also within easy walking distance from the property. Oxford itself is a compact and cycle-friendly city, making walking and cycling popular alternatives for reaching the centre, universities, and local business parks.

For rail connections, both Oxford Station and Radley Station are approximately 3 miles away, offering direct services to London Paddington (around 1 hour), Birmingham, and beyond, making the location suitable for both local and national commuting. In addition, Oxford Parkway provides further links to London Marylebone and park-and-ride options into the city.

The property is also ideally positioned for everyday amenities. Cowley, within walking distance, offers a wide range of shops, supermarkets, cafés, and leisure facilities, including Templars Square Shopping Centre. Nearby green spaces such as Florence Park provide attractive outdoor areas, while local facilities including gyms, healthcare services, and community amenities are all close at hand.

Families are well catered for, with a number of reputable primary and secondary schools in the surrounding area, including Church Cowley St James Primary School and The Oxford Academy, both within easy reach.