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5 bedroom end of terrace house for sale
Iffley Road, Oxford, Oxfordshire, OX4
£900,000
Iffley Road, Oxford, Oxfordshire, OX4
£900,000
Our Summary
- 45%There is scope to increase the rents further and to consider letting the car park spaces separately to the flats which should then generate a gross yield in excess of 6%
Description
This Victorian house has been converted into three flats, each with its own entrance, located in the highly sought-after area of Iffley Road, Oxford. The ground floor features two one-bedroom flats, one with a small garden, while the first and second floors are occupied by a three-bedroom flat. The property benefits from three off-street car park spaces, providing a unique opportunity to increase rental income. The current rents generate a gross yield of 5.45%, with potential to increase further by raising rents or letting the car park spaces separately. The property is located near the famous Iffley Road track, within walking distance to Oxford city center, and offers easy access to university departments, hospitals, and public transport. With an EPC rating of C and freehold tenure, this property presents a solid investment opportunity with potential for growth.