Ideal for investors seeking central Oxford rental with secure garden and excellent transport links.
Chain-free two-bedroom apartment with two bathrooms
A centrally located, chain-free two-bedroom apartment presenting strong rental potential in a busy Oxford neighbourhood. The flat has two bathrooms, open-plan living and a secure communal garden that backs onto Castle Mill Stream, offering attractive waterside views and outside space rarely found so close to the city centre.
The building is a converted industrial block with high ceilings and period character; the apartment is in fair order but needs modernisation. Practical points to note: there are 111 years remaining on the lease, an average service charge of £2,216, electric storage heating, and an EPC rating of C. Broadband speeds are slow and the property uses electricity as its main fuel.
Location is a key asset — under five minutes’ walk to Oxford Rail Station and about three minutes to the Westgate shopping centre, surrounded by colleges, restaurants and transport links. The surrounding area is a cosmopolitan, multicultural student neighbourhood, which supports strong demand for short- and long-term lets.
Buyers should factor in material drawbacks: the property is in an area with high flood risk and very high recorded crime levels, and the apartment requires renovation and potential damp mitigation typical of waterside, converted industrial buildings. These issues will affect refurbishment costs, insurance and tenant profiling, but can be weighed against central location and streamside communal garden for the right investor.
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