Summary - Flat 3, 449 Cowley Road OX4 2DN
6 bed 3 bath Detached
Freehold three-flat block with parking — sold at auction, tenants in place..
Freehold block: 3 apartments (1x1, 1x2, 1x3) across 1,596 sq ft
Tenants in situ — sold with existing tenancies, no vacant possession
Off-street parking and decent plot size
Sold via online auction — immediate exchange, 28-day completion
Non-refundable reservation fee 5% + VAT (min £6,000 inc VAT)
Build dates 1930s, solid brick, likely need insulation and refurbishment
Older double glazing (pre-2002); heating mains gas boiler and radiators
Wider area: higher crime and relative deprivation — factor rental risk
A freehold block comprising three self-contained apartments on Cowley Road — 1x1-bed, 1x2-bed ground-floor flats and a 3-bed first-floor maisonette. The building sits on a decent plot with off-street parking and totals about 1,596 sq ft, offering immediate rental income with tenants in situ.
This lot is aimed at investors or small-portfolio buyers seeking a straightforward buy-to-let purchase. The sale is by online auction with immediate exchange of contracts and a 28-day completion target. A non-refundable reservation fee (5% + VAT, minimum £6,000 inc VAT) and a 5% deposit on exchange are required; interested buyers should study the legal pack closely before bidding.
The block dates from the 1930s with solid-brick walls and older double glazing; there is scope — and likely need — for internal refurbishment, insulation upgrades and modernisation to increase rents or achieve better yields. Broadband and mobile signal are good, and several primary and secondary schools rated Good are within reach.
Be aware of material considerations: tenants occupy all three units (no vacant possession), the property will be sold under auction terms with non-refundable fees, and the wider area has higher crime and relative deprivation indicators. Buyers should factor renovation costs, compliance checks and tenant agreements into any offer.
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