Ready-made HMO in East Oxford with long lease and immediate income.
HMO licence for four tenants, generating £2,850 pcm (£34,200 pa)
A ready-made HMO in East Oxford, this four-bedroom period property is set up for immediate rental income and long-term capital potential. The flat is currently licensed for four tenants and produces £2,850 pcm (£34,200 pa), representing a gross yield of approximately 6% at the asking price. The Share of Freehold and a long lease (999 years) reduce tenure-related risk for an investor.
The building retains strong Victorian character — high ceilings, large rooms and bay windows — which appeals to students and young professionals in this cosmopolitan neighbourhood. Practical features include mains gas central heating, double glazing (install date unknown) and fast broadband and mobile connectivity, all important for tenant attraction and retention.
Notable considerations: the property sits in an area with above-average crime statistics and higher-than-average council tax, which can influence running costs and tenant profiles. The walls are solid brick with no assumed insulation, so there may be energy-efficiency improvement costs or opportunities for value-add refurbishment. The accommodation is described as average-sized overall but totals 1,356 sq ft, offering room sizes and layout suited to HMO use.
This is a straightforward purchase for an investor seeking an operational HMO in a proven student and rental market, or for a buyer prepared to refresh finishes and improve energy performance to increase rental value. The location benefits from plentiful local amenities, university links and good transport, supporting ongoing demand.