2-bedroom flat · OX7 6BB
Listing removedReduced £5k (−10%) on 23 JulListed 1360 days
Opportunity summary
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About
Description Ted George are delighted to bring to the market this 2 bed flat in this high quality development of 4 retirement cottages and 16 apartments within the grounds of a listed residential and nursing home.
This spacious flat, on the first floor, has a large lounge/diner, a well equipped kitchen, 2 bedrooms, one with built in wardrobe and a bathroom with new shower over bath.
Benefitting from a lift to the first floor the flat has the added advantage views over the lovely countryside from the reception room and bedrooms.
A reserved parking space is also provided in close proximity. The properties are built of Cotswold stone with a Cotswold slate roof and the communal gardens are landscaped for the residents to enjoy.
A communal conservatory on the ground floor is used for coffee mornings, to allow residents to meet socially. Each flat has a 24-hour nurse call system for use in an emergency.
Residents at Prebendal Court may use the facilities at Old Prebendal House which offers a wide and varied monthly activity programme, including cream teas on the terrace, lace making in the conservatory and weekly shopping trips to local towns.
Court residents can also use the House's large vaulted dining room and residents' lounges if they wish.
There are regular fund raising events for various local charities and an annual fete amongst many other activities. Property is leasehold with 79 years approx remaining.
Service charge including ground rent is £633 reviewed annually.
Area description Situated within a short walk to a Post Office/ convenience store, 3 local public houses, a doctors' surgery, a church, a park and a village hall, this property is found moments away from plenty of amenities.
Shipton Under Wychwood is a delightful village in rolling hills of the Evenlode Valley, caught between the market towns of Chipping Norton and Burford.
Nearby Witney is a 15 minute drive, whilst Oxford and Cheltenham provide the main shopping and cultural centres of the area.
There are excellent road links to Burford (A40 to Cheltenham and Oxford), Chipping Norton and Stow-On-The-Wold to name but a few.
Charlbury, 6 miles away, has a mainline station with regular trains to Oxford (20 mins) and London Paddington (80 mins). All distances and times are approximate. Council Tax Band: D Tenure: Leasehold
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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
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FAQ
About 16 Prebendal Court, Station Road, Chipping Norton
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