£158,000 Guide Price

Heald Court, Meadow Way, Carterton OX18

£158,000 Guide Price

2 Bedroom Flat For Sale

Heald Court, Meadow Way, Carterton OX18


Key features

  • Hall
  • Living Room
  • Kitchen
  • Two Bedrooms (One Ensuite)
  • Bathroom
  • Open Outlook
  • Allocated Parking Bay
  • Additional Guest Parking
  • Double Glazed
  • Modern Electric Heating

THE PROPERTY:

This investment has a great deal to commend it. In addition to the appeal of being an upper floor with a pleasing open out look to the front and premium features such as a Juliette balcony and an ensuite shower room that set this apartment apart from most, it has efficient electric heating dispensing with the need for annual gas safety checks! The EPC rating of C is well above the current government minimum standard (E) and so future proofs this investment against costly efficiency upgrades as the required minimum acceptable EPC ratings are ratcheted up by statute.

The current tenant is settled and has an Assured Shorthold Tenancy until 6th August 2022 and promptly pays the rent of £725 per calendar month. The annual income of £8,700 per annum gives a gross return of a little over 5.5% and has potential for further improvement at renewal.

Our firm has managed this property since 2018 and will transfer the existing tenancy into the new owners free of charge. It therefore represents an attractive investment opportunity that will provide an immediate income without the normal set up fees.


Local Authority: West Oxfordshire
Council Tax Band: B
Tenure: Leasehold. The property benefits from the remainder of a125 year lease granted 1 April 2003.

Book a viewing

Contact Parkers Witney

  • 63 High Street
  • Witney
  • OX28 6JA

Call 01993 708638

witney@parkersproperties.co.uk

Contact us now