2 bed Flat For Sale £185,000
Elmhurst Way, Carterton, Oxfordshire, OX18

*INVESTORS ONLY* A light top floor apartment with car port let to a good long-standing tenant. A compliant and future proofed investment offering immediate return!

THE PROPERTY:

A light top floor purpose-built apartment with generous accommodation that includes a sizeable hall and a double aspect living room with wood effect flooring. This room is divided into distinct sitting and dining areas.

The main bedroom benefits from fitted wardrobes and the modern white bathroom suite has an independent shower above the bath.
The property benefits from an efficient electric heating system (delivering a C rating on its EPC) along with sealed unit double glazing.

There is an open fronted garage/carport approached via an archway that also leads to guest parking for this block.

Local Authority: West Oxfordshire (Tax Band B)

Tenure: Leasehold - with the benefit of a 125 year lease granted 1st October 2004. The service charge for the year starting 1 January 2022 amounts to £1,281.06.

Agent's Notes. The present tenant has been in residence since 2014. Their Assured Shorthold Tenancy runs has been renewed until 20th September 2023 and will produce £715.38 payable every four weeks (£9,300 per annum - a gross yield of 5% at the guide price)

SITUATION:

The sought-after Shilton Park development to the northeast of the town is well placed for the A40 linking the dreaming spires of Oxford to the attractions of Cheltenham. It has its own community centre and local shops, country and adventure parks as well as being convenient for a modern leisure centre with swimming pool and gymnasium as well as a large medical centre that has a dentist and dispensing chemist. There is also the St John the Evangelist Primary School which received an Ofsted rating 'outstanding' following its most recent inspection in January 2020.

Carterton is West Oxfordshire’s second town and takes its name from William Carter, a director of Homesteads Limited who developed the town in the late nineteenth century. The town centre has seen a great deal of development in recent years and now offers a number of large supermarkets, banks and independent retailers and barbers/hairdressers as well as a lending library and numerous eateries. There are five primary schools and several sports clubs positioned around the town. The town is well served by a modern bus fleet featuring wi-fi. Main line station at Charlbury (c 13 miles Journey time to Paddington approximately 78 minutes).