House For Sale £400,000
A bay fronted Edwardian end of terrace property with generously proportioned rooms, situated in the heart of Bicester. Ideal as a 5-bedroom HMO, or family home with the benefit of off-street parking for 2 cars.
The property has successfully operated as profitable HMO. In good condition throughout, it could continue to do so. It would also make a wonderful characterful family home.
The ground floor space in entered through a spacious hallway with original decorative plasterwork. The high ceilings enhancing the spacious feel. A large bay-fronted reception room can be found to the front, currently used a bedroom with a feature fireplace. Next door is another reception room, also featuring a fireplace and currently used as a bedroom. To the rear is the good-sized kitchen, being large enough for a dining table and sofa, it currently works well as a communal space. Beyond this is a modern, fully tiled shower room and door to the backyard.
Upstairs there are three bedrooms, the largest is particularly spacious, also with a bay window and measuring 17x10’7 offering the possibility to add an ensuite. There is a further double room and a single bedroom to the rear. The main bathroom is fully tiled floor to ceiling, and has a bath with a shower over it.
The garden has been converted into a 2x off-street parking spaces facing the Banbury Road, with a small patio area with useful brick-built shed. It could be converted back into a garden space by erecting a fence.
The property has achieved a monthly income of more than £2,500pcm, representing a gross annual yield of 7.5%.
This home presents an excellent investment opportunity, or the prospect to purchase a period property in a highly convenient location for transport links and local amenities. Bicester North Train station with its fast service to London Marylebone is only a 4 minute walk away and the town centre can be reached in just 10 minutes.
EPC Rating: D
