Chancellors says ..
Sold with no onward chain and an option of tenant in situ, this substantial property currently has a HMO for five with a monthly return of £2500. The property benefits from parking at the front and a rear garden.
This five-bedroom, two-bathroom semi-detached house in Headington, Oxford, presents a mixed bag. Its location is advantageous, benefiting from good schools (Wood Farm Primary School and Slade Nursery School within a kilometre radius), green spaces (the Lye Valley Nature Reserve and Southfield Golf Course), and transport links to Oxford city centre. The proximity to Headington hospitals is also a plus, potentially increasing rental yields for those considering this as an investment opportunity. The property sits on a sizable plot with a rear garden, a sought-after feature in a town setting. However, the interior photos reveal a need for modernisation and cosmetic improvements. The existing décor is dated and requires significant updating, including refreshed paint, kitchen upgrades, bathroom renovations, and thorough cleaning. The current state of the interior may deter buyers, impacting the price achievable. While some comparable properties sell in the same price range (and some higher), it is difficult to make an exact price comparison because of the absent sqft information in several listings. A full structural survey is recommended to further assess any significant repairs necessary, but from the photos, no major defects appear. In summary, it requires significant investment to bring the interior up to a modern and marketable standard. The final sale price will depend on a buyer's willingness to undertake this work and their assessment of the property's potential. Additional information, such as a floor plan and a detailed structural survey, would greatly aid in a more accurate evaluation.
Therefore, we give this property 5 / 10. *Disclamer: This is our opition and does constitute a recommendation or financial advice. Do your own research.*
