Studio for sale
Key information
Property description & features
- Tenure: Leasehold (965 years remaining)
- Living Room with distinct bed area
- Kitchen
- Shower Room
- Double Glazing
- Electric Heating
- Allocated & Guest Parking
- End of Chain Sale
A well-designed ground floor studio apartment with allocated parking and the remainder of a 999 year lease. Let until August 2025 returning a 7.3% gross yield!
THE PROPERTY:
A purpose-built studio apartment on the ground floor of a small block towards the end of a quiet cul-de-sac with a pleasant leafy outlook.
The kitchen units and sanitary ware are believed to be original, and property has recently been redecorated. This represents an exciting and affordable opportunity to acquire a property in a well-regarded area of the town - the ideal investment purchase. It has been let at £850 per calendar month until August 2025 - returning a gross yield of 7.85% at the asking price!
The property has an allocated parking bay to the south (as shown on the site plan) and benefits from electric heating and double glazing. It is offered as an end of chain sale with early vacant possession.
Tenure: Leasehold - 999 year lease granted 25 March 1991
Local Authority: West Oxfordshire (Tax Band B)
Outgoings: The seller advises that there is an annual maintenance of £250 and that this figure includes ground rent.
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:
Witney has been described in the national press as a "beautiful 'must-visit' Cotswolds market town". It is postioned about 10 miles to the West of the dreaming spires of Oxford on the banks of the River Windrush.
Much of the town's fine architecture reflects the wealth of the woollen trade in its heyday. The rich variety of shops, good schools, street cafes, and excellent sporting facilities coupled with higher order services that include a hospital greatly add to the quality of life.
The established residential area of Cogges has a Church of England Primary School, Tesco convenience store and doctors surgery. It is also within a sensible walking distance of the town centre.
The property is in a quiet cul-de-sac within 6 miles of a mainline rail service to Oxford and London Paddington from Long Hanborough (with journey times of 9 and 70 minutes respectively). An alternative service to Marylebone (journey time about 78 minutes) is available from Oxford Parkway - about 10 miles away.
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Property reference WIT230428. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Parkers - Witney.
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Broadband availability and predicted speed: obtained from Ofcom on July 22, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on July 22, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on April 5, 2017 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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