5 bedroom terraced house for sale

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5 bedroom terraced house for sale

Reliance Way, East Oxford
£700,000

Our Summary

  • 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

Description

This three-storey townhouse in Berkeley Homes' popular development offers a lucrative investment opportunity, currently generating an annual income of £40,800 and increasing to £43,200 in 2025, with a gross yield of 6.1%. The property boasts light and airy accommodation spanning over 1,500 sq ft, featuring an entrance hall, cloakroom, kitchen/dining room, sitting room, two large first-floor bedrooms, one with an ensuite shower room and balcony, and three further bedrooms and a family bathroom on the second floor. The property also benefits from a driveway providing off-road parking for two cars and a private rear garden with pedestrian access. Located in Reliance Way, the property is well-placed for access to the Cowley Road, East Oxford, and the business park, with a regular bus service to the city centre and Cowley centre.
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