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£700,000

Reliance Way, East Oxford, OX4

  • 5 beds
House

£700,000

  • 5 beds
House
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Estimate monthly mortgage payment:

£3,196 per month

Minimum deposit amount:

£35,000
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A well presented three storey townhouse situated in this popular development by Berkeley Homes. Currently let on an assured shorthold tenancy with a valid HMO licence and planning permission for change of use from C3 to C4 currently generating an annual income of �40,800, increasing to �43,200 for the next academic year in 2025, equating to a gross yield of 6.1%. The light and airy accommodation extends to over 1,500 sq ft in total and comprises an entrance hall, cloakroom, kitchen/dining room, sitting room, two large first floor bedrooms, one with ensuite shower room and large sit out balcony. Three further bedrooms are located on the second floor along with a family bathroom. Outside there is a driveway leading to the front providing off road parking for two cars and a private garden to the rear with pedestrian rear access. Reliance Way is a popular development well placed within easy reach of the Cowley Road and within ever popular East Oxford. The property is less than a mile from the business park and just over 1.25 miles from the ring road. There is a regular bus service from the main road to both the city centre and Cowley centre.

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£3,196 per month
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Stamp Duty tax
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£22,500
Mortgage and legal costs:
£999
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