1 bed Flat For Sale £180,000
An individual first floor maisonette offered both with immediate vacant possession and the benefit of over 900 years lease remaining plus a share of the freehold! Realistic gross yield of 5.67%!
A well-presented first floor one bedroom maisonette with its own ground floor entrance hall and private staircase that leads up to the well-arranged accommodation on the first floor.
This spacious light bright and airy property benefits from an open plan living kitchen with a pretty former fireplace adding character. The double bedroom is to the rear of the property and has views towards open countryside with the bathroom adjacent.
The property benefits from both double glazing and gas central heating.
The lease gives the right to use the front garden and by convention, the owners use the front area of garden and one of the parking spaces on the hard standing that has been created to the front of the property on the verge.
Tenure: Leasehold with the remainder of a 999 year lease granted 1 May 2010 with a share of the freehold.
Investors, based on a realistic rent of £850 per calendar month, this property offers a gross yield of 5.67% at the asking price! It also already has a 'C'' EPC rating.
There is a requirement to contribute 50% towards the cost of maintaining the foundations and roof. A ground rent of 1p pa is payable, but it is not collected in practice. The lease requires each flat owner to insure their own flat including the structure. There is no additional buildings insurance maintained by the landlord. There is no service charge in the lease. The present and previous occupant, (who owned the flat since it was converted) have never been required to contribute to any communal costs during ownership.
West Oxfordshire District Council (Tax Band B). Please note these images are taken from our archive.
We are required by law to conduct anti-money laundering checks on all those selling or buying a property. Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy. The cost of these checks is £60 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable. We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.
Eastfield Road is at the edge of the town, but close to local convenience shops.
Witney is a thriving market town on the edge of the Cotswolds about 10 miles to the West of the dreaming spires of Oxford. Its location on the banks of the River Windrush led to the manufacture of high quality blankets known the world over until the last mill was closed in 2002.
Some manufacturing remains and the town is home to Christy & Co - hat makers since 1773 to people as diverse as the Royal family to Don Corleone in the Godfather films! Much of the town's fine architecture reflects the wealth of the woollen trade in its heyday. The rich variety of shops, street cafes, and excellent sporting facilities coupled with higher order services that include a hospital greatly add to the quality of life. Little wonder then that the town was selected by The Sunday Times newspaper as one of the best places to live in Britain!
The property is within about 6 miles of a mainline service from Long Hanborough to Oxford and London Paddington with journey times of 9 and 70 minutes respectively.
A well-presented first floor one bedroom maisonette with its own ground floor entrance hall and private staircase that leads up to the well-arranged accommodation on the first floor.
This spacious light bright and airy property benefits from an open plan living kitchen with a pretty former fireplace adding character. The double bedroom is to the rear of the property and has views towards open countryside with the bathroom adjacent.
The property benefits from both double glazing and gas central heating.
The lease gives the right to use the front garden and by convention, the owners use the front area of garden and one of the parking spaces on the hard standing that has been created to the front of the property on the verge.
Tenure: Leasehold with the remainder of a 999 year lease granted 1 May 2010 with a share of the freehold.
Investors, based on a realistic rent of £850 per calendar month, this property offers a gross yield of 5.67% at the asking price! It also already has a 'C'' EPC rating.
There is a requirement to contribute 50% towards the cost of maintaining the foundations and roof. A ground rent of 1p pa is payable, but it is not collected in practice. The lease requires each flat owner to insure their own flat including the structure. There is no additional buildings insurance maintained by the landlord. There is no service charge in the lease. The present and previous occupant, (who owned the flat since it was converted) have never been required to contribute to any communal costs during ownership.
West Oxfordshire District Council (Tax Band B). Please note these images are taken from our archive.
We are required by law to conduct anti-money laundering checks on all those selling or buying a property. Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy. The cost of these checks is £60 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable. We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.
Eastfield Road is at the edge of the town, but close to local convenience shops.
Witney is a thriving market town on the edge of the Cotswolds about 10 miles to the West of the dreaming spires of Oxford. Its location on the banks of the River Windrush led to the manufacture of high quality blankets known the world over until the last mill was closed in 2002.
Some manufacturing remains and the town is home to Christy & Co - hat makers since 1773 to people as diverse as the Royal family to Don Corleone in the Godfather films! Much of the town's fine architecture reflects the wealth of the woollen trade in its heyday. The rich variety of shops, street cafes, and excellent sporting facilities coupled with higher order services that include a hospital greatly add to the quality of life. Little wonder then that the town was selected by The Sunday Times newspaper as one of the best places to live in Britain!
The property is within about 6 miles of a mainline service from Long Hanborough to Oxford and London Paddington with journey times of 9 and 70 minutes respectively.
