Property DescriptionAn excellent opportunity for investors: this licensed 5-bedroom HMO on sought-after road in prime East Oxford location is already income-producing and fully compliant offering strong, stable returns in one of the citys most reliable rental areas.Property DetailsThe property currently generates 3,400 per month, representing a gross rental yield of approximately 6%. With high rental demand in the area, it enjoys low void periods, making it a solid, turn-key investment from day one.Importantly, the house falls within an Article 4 direction area, meaning new HMOs in this location require planning permission. However, as this property is a pre-existing, licensed HMO, buyers benefit from grandfathered use, removing the uncertainty and delays associated with obtaining new HMO permissions. This significantly increases the long-term value and appeal of the investment.The HMO license is already in place for 5 occupants, allowing a smooth and seamless ownership transition for investors.Located close to Oxford Brookes University, Cowley Road amenities, and with easy access to the city centre, Bartlemas Road remains a high-demand rental location for both students and professionals.Summary:- Licensed 5-bedroom HMO- Income: 3,400 pcm- Gross Yield: Approx. 6%- Located in Article 4 area (license and use already in place)- Strong rental demand with low void rates- Prime East Oxford locationA rare, ready-made investment in one of Oxfords most secure HMO pocketsThere also is a garden to the rear of the property, kitchen, reception room, two bedrooms and downstairs bathroom. Upstairs there are three bedrooms and another bathroom.Council tax band EIf you'd like to talk to us about this property, quote reference 5864578 when calling.
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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