2 bedroom apartment for sale

*INVESTORS ONLY* Freshly decorated and sold with tenants in situ. This two bedroom first floor apartment has underfloor heating & has a gross yield of 6.9%!

Flat THE PROPERTY:

Offered with no onward chain and immediate vacant possession, this freshly redecorated two bedroom first floor apartment is situated in a tranquil location in an established leafy residential location.

Comprising entrance hall, spacious open plan living/dining room, kitchen with white goods, two bedrooms and a bathroom which boasts both a bath and a separate walk-in shower. There is also underfloor heating in all rooms, each room controlled individually with a control unit. Entryphone system and residents parking.

This great flat benefits from the remainder of a 150 year (less a day) lease granted 1st October 2003. It will suit both first time buyers and landlord investors.

There is an allocated parking bay to the rear (shown on site plan) set amongst trimmed topiary and residents have access to the wide tree lined green to the front.

*INVESTORS - This property has been let at £1150 per calendar month until October 2025 - returning a gross yield of 6.9% at the asking price! This property has a valid EICR*

Local Authority: West Oxfordshire (Tax Band C)

The lease states that review dates will be every ten years starting from 2003.

Annual Service Charge from 1 January 2024 £1.610.43. and Annual Reserve Fund charge of £412.08 for the same period.
Ground rent is £311 PA.

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.

SITUATION:

The apartment is in a stylish modern block designed to resemble houses overlooking a green to the front. The Madley Park development has its own amenities and is well placed both for access to the A40 that links Oxford to Cheltenham and a mainline survive. Hanborough is within about 5.5 miles. From here, Oxford and London Paddington are accessible with journey times of 9 and 70 minutes respectively.

Witney is the largest Oxfordshire Cotswolds town with a long history (appearing as 'Witenie' in the Domesday Book 1086 entry) and is now a bustling town supporting two colourful markets a week. 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. 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.