1 /20
£1,350,000
Divinity Road, Oxford, OX4
- 8 beds
£1,350,000
- 8 beds
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Estimate monthly mortgage payment:
£6,163 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£67,500
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An exciting investment opportunity located in one of Oxford's most sought after rental area offering a projected gross rental yield of 5.0% being let on a 12 month Assured Shorthold Tenancy Agreement.
SUMMARY
A tall Victorian house that has just been completely renovated and is fully furnished to a high standard. A great deal of thought and planning have gone into the design and fittings with each bedroom having fitted wardrobes, desk and furniture, TV points and wifi boosters. The kitchen/living space has three fridge/freezers, two sinks, two ovens, a dishwasher, TV and large sofas. There is still further potential to develop into the cellar which has a stone staircase accessible from the hallway. Located on the favoured west side of the road there is an enclosed lawned garden. The property will shortly be granted a full HMO licence for 8 occupiers and be let on a 12 month AST from June 2023. Proposed income of £67,200 per annum providing a gross rental yield of 5.0%.
QUALITIES
* A handsome Victorian house
* HMO licence for 8 occupiers
* Fully refurbished this year
* Close to shops, Brookes & hospitals
* Further potential will an unconverted cellar
* NO ONWARD CHAIN
SETTING
Situated on the west side of Divinity Road and located on the downhill side of the current LTN's (Low Traffic Neighborhood barrier) the property is a short walk of Cowley Road and major bus routes. Brookes University and the Headington Hospitals are within cycling and walking distance and the diverse culture of Cowley Road provides a wonderful range of shops, restaurants and cultures.
IMPORTANT
We would inform prospective purchasers that these particulars have been prepared as a general guide only. A detailed survey has not been carried out nor the services, appliances and fittings tested. Room sizes should not be relied upon for furnishings purposes and are approximate. Floor plans are for guidance and illustration purposes only and may not be to scale. If there any important matters likely to affect your decision to buy, please contact us before viewing the property.
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£6,163 per month
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Stamp Duty tax
These figures are estimates and are provided for guidance only
Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£76,250
Mortgage and legal costs:
£999
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- Conveyancing fee
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