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6 bedroom block of apartments for sale
Flats 1, 2 and 3, Cherrys Yard, Backway Road, Bicester OX26 6PD
£299,500
Flats 1, 2 and 3, Cherrys Yard, Backway Road, Bicester OX26 6PD
£299,500
Our Summary
- For sale on 29 January 2026 Our national property auction will be broadcast online with live auctioneers
- To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction
- The auction will commence at 09:00
- A superb investment opportunity to purchase 3 apartments offering an impressive return of 15% against the guide price with a potential income of approx £45k per year
- Terms: Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type
- Auction Deposit and Fees: The following deposits and non- refundable auctioneers fees apply: • 5% deposit (subject to a minimum of £5,000) • Buyers Fee of 4
- Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page
- This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties)
- Auction: 29
- Investment Opportunity
Description
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Here is a summary of the property description in a single paragraph:
A unique investment opportunity is being offered for three apartments in the heart of Bicester, a picturesque market town with excellent transport links to London and Birmingham. Each of the two-bedroom apartments is located on the first floor and benefits from being in the town centre, close to amenities. The apartments are currently let, with one already occupied and the other two in the process of being let out, generating a potential income of approximately £45,000 per year. The properties are being sold together and are finished to a good standard, with each apartment consisting of an entrance hall, living/kitchen area, and two en-suite bedrooms. The guide price for the property is £250,000, with a potential return of 15% against the guide price. The sale will be conducted by auction, with a buyer's fee of 4.8% of the purchase price and a deposit of 5% (subject to a minimum of £5,000).