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3 bed terraced house
Normandy Crescent, Oxford OX4
Planning
£475,000
Next Steps
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Our Summary
- Planning Permission For Four Bedroom HMO
- Property Details This licensed 3-bedroom HMO is situated in a prime Oxford location close to BMW, MINI Plant Oxford and the proposed Cowley railway station, making it an attractive investment opportunity in a strong rental area
- Planning permission has been granted to extend the property and create a 4-bedroom HMO, offering buyers the opportunity to further increase rental income and maximise returns
- A well-positioned HMO investment with immediate income and future development potential
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Description
The property is a 3-bedroom HMO in a prime Oxford location, situated near BMW, Mini Plant Oxford, and a proposed railway station. It is fully tenanted with tenants paying approximately £2,500 per calendar month through a Split The Bills arrangement. The property has gained planning permission to extend into a 4-bedroom HMO, offering potential for increased rental income and returns.
The current rental arrangement consists of two larger rooms (approximately £900 each) and a third room (approximately £700).