Opportunity to purchase a HMO in Bicester generating £33,540 rent pa & gross yield of 7.9%
£425,000
HMO Semi-Detached House
VES-OX26-002
INITIAL INVESTMENT
£132,750
Based on
deposit: £106,250
stamp duty: £24,000
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£33,540
GROSS YIELD
7.9%
The property
TENANCY
Tenanted
TENURE
Freehold
5 bedrooms
5 bathrooms
1 reception room
1,215
Fully Furnished
Property information
- Fully HMO licenced
- Spread over 2 floors
- 4 x ensuite bedrooms
- 1 x bedroom with separate shower room
- Shared lounge (incorrectly labelled as bedroom 2 on the floorplan)
- Shared kitchen/diner
- Access to a large rear garden via the kitchen/diner
- Parking space for 4 cars at the front of the property
- EPC rating C
- The property is managed by a third party
Future potential
The vendor received full planning permission to add 2 x 1-bedroom apartments to the side of the building.
Rental information
- Room 1 - £595 pcm
- Room 3 - £595 pcm
- Room 4 - £580 pcm
- Room 5 - £565 pcm
- Room 6 - £460 pcm
- Total rent pcm: £2,795
- Total rent pa: £33,540
Running costs
The vendor provided the following running costs for the property:
- Council tax: £161 pcm
- Electricity bill: £134 pcm
- Gas bill: £103 pcm
- Water bill: £50.45 pcm
- BT telephone: £59.34 pcm
- TV licence: £13.37 pcm
- Total cost pcm: £521.16
- Total cost pa: £6,253.92
Location information
- The property is located in the Woodfield area of Bicester
- Bicester town centre is around 0.4 miles from the property and can be reached in less than 10 minutes on foot
- Bicester North is the closest railway station, just a 5-minute walk from the property
Note
Please note that Vesta has not visited this property and that all material has been provided by the vendor.
Floorplans
Documents available on request, please contact for viewings or further questions.
The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.
Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.
About Bicester, Oxfordshire
Bicester is a town in the Cherwell district in Oxfordshire, south-east England.
It lies around 15 miles north of Oxford, 65 miles north-west of London and 31 miles south of Northampton. Bicester has very good transport links and is close to junction 9 of the M40 motorway, linking it with London, Birmingham and Banbury. It also has good road links to Oxford, Kidlington, Buckingham, Aylesbury and Witney.
The town has two railway stations, Bicester North and Bicester Village. Bicester North is on the Chiltern Main Line and runs services south to London Marylebone and north to Banbury, Birmingham Snow Hill and Stratford-upon-Avon. Bicester Village station is on the Chiltern Main Line and also runs services between London Marylebone and Oxford. In the future there will also be East West Rail services connecting East Anglia with central, southern and western England. There are plans to link Oxford and Cambridge via Bicester, Milton Keynes and Bedford.
Bicester is close to three international airports, Luton, Heathrow and Birmingham. All are within an hour’s drive away. Oxford airport, a privately owned airport is around 10 miles away.
The town is a popular tourist attraction thanks to its nearby fashion outlet, Bicester Village. It is actually the second most visited location in the UK by Chinese tourists after Buckingham Palace.
Sheep Street and Pioneer Square in the centre of town offer a more relaxed shopping experience, with a range of high-street shops and a regular marketplace. There are plenty of restaurants and cafes offering mouth-watering dishes. As well as the Bicester institution Nash’s Bakery on Sheep Street. The bakery opened in 1930 and has won several awards for its bread, cakes and pies.
Bicester also has strong links to the military; the MoD Bicester is the army’s largest ordnance depot with its own railway and a bomb disposal training base. One of the town’s largest events of the year is the Bicester Carnival in association with Armed Forces Day. It includes a parade from Sheep Street to Pingle Field, circus workshops and a fair.
Buckingham Road,
Bicester,
Oxfordshire,
England,
OX26 3EZ
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