Summary - South View Terrace Prospect Road, Banbury, Oxfordshire OX16 5HL
8 bed 8 bath Semi-Detached
Turnkey, fully tenanted investment close to Banbury town centre and station.
Licence for nine occupants, fully tenanted turnkey HMO
Ready-made HMO income in Banbury town centre, this eight-bedroom, fully tenanted semi offers immediate returns. The property holds a licence for nine occupants, is furnished and operated as an HMO with eight ensuite rooms and two rooms fitted with kitchenettes — producing current annual rent of £53,280 (net yield 8.32%). There is demonstrable upside: a market-rent scenario increases annual income to £61,560 (net yield ~9.90%).
The house is a Victorian-period terrace with double glazing added after 2002 and a modern communal kitchen/dining area. Tenants benefit from town-centre convenience and walkable access to the train station; the small, low-maintenance rear garden provides practical rear access. Annual running costs are significant and documented (bills, insurance, cleaning, alarm servicing and gas checks), so factor ongoing management expenses into projections.
Key positives are the turnkey nature and long-standing referenced tenants, making it a straightforward purchase for a hands-on investor seeking rental income. Material considerations: the building is solid brick, built before 1900, and appears to lack wall insulation (as-built), which can increase heating costs and may be a target for retrofit works. The plot is small and the property is in a terraced, urban setting with average local crime levels.
Overall this is a practical, income-focused purchase for investors wanting immediate cashflow and further rental uplift potential. Budget for routine safety and maintenance obligations (six-monthly fire alarm servicing, annual extinguisher tests and gas safety checks) and consider insulation or efficiency improvements if targeting long-term cost reduction or compliance benefits.
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