3-bedroom flat · OX2 6BY
Listing removedListed 434 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An exceptional penthouse apartment located in a popular development in Jericho.
On the entry level are two large double bedrooms with built-in wardrobes, one has an en suite shower room and the other an en suite bathroom. There is an additional study and shower room.
The top floor has a spacious kitchen/dining area with appliances including an induction hob, separate living room and WC. The roof terrace is South-Easterly facing and offers ample seating space.
One off-street parking space. Jericho is a vibrant and lively place to live and highly desirable with its close proximity to the city centre.
Voted by The Times as one of the 30 coolest places to live in Britain in 2019, Jericho has an art house cinema, a number of popular pubs and restaurants, and is in an ideal location for access to the University departments.
Oxford canal and Port meadow are close by, providing space to enjoy peace and tranquillity.
Oxford train station is less than a mile away with regular trains to Reading and London, in addition to frequent buses from Gloucester Green in the city centre.
Applicants are advised that it will be necessary to carry out some remedial works to the external walls, following a recent survey.
Works will take place during the day, are likely to be noisy and last between 12 - 16 weeks, taken across the block in stages. To check broadband and mobile phone coverage please visit Ofcom here
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 25, Grantham House, Cranham Street, Oxford
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