2-bedroom house · OX26 6NB
Sold STCReduced £10k (−3.7%) on 3 JulListed 155 days
Opportunity summary
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About
A 17THCENTURY stone cottage in the heart of bicester with kitchen, roughly equidistant between the two railway stations Title The property is on an historic 9900 year lease from 1686 and runs out in 11580, so nine-and-a-half thousand years to run.
From a practical point of view, it is pretty much as good as a freehold in legal terms.
These were common in the 1680’s when the property was built, as a hangover from the Norman Conquest when large areas of the country were owned by the King and lands were granted to Knights of the Realm as reward for support for the King in battle.
The practice was continued on, particularly in areas fought over, or likely to be fought over, as in the Civil War, as a mechanism to stop complete title being stolen by an invading king.
Please do not think of it as a typical leasehold title as found on modern property and something to be feared!
Ground Floor: Part glazed PVC front door to: Living-dining room: 15’10 x 11’10 widening to 16’0.
PVC double-glazed windows to both front and rear aspects, down lighting, stripped pine floor boards, radiator, three period stripped pine doors, under-stairs cupboard, fire place recess with woodburning stove, television and satellite connections, dimmer switch, telephone point, space for dining table and chairs, space for computer/study desk.
Kitchen: 18’10 x 6’7 narrowing to 5’6.
Window to rear and three windows to side aspect, part glazed side door, down lighting, radiator, vinyl flooring, access to loft void, meter cupboard, central heating boiler concealed within wall unit, range of base and wall units with roll-edge laminate work surfaces and tiled surrounds, under unit lighting, integrated fridge/freezer, pull-out tall pantry cupboard, space for range cooker, wide extractor hood, 1 ½ bowl stainless steel sink unit, integrated slim line dishwasher.
First Floor: Landing: Access to water tank, PVC double-glazed window, down lighting, stripped pine floorboards, exposed beam, shelved recess, period cupboard on staircase. Bedroom one: 9’11 x 9’10.
PVC double glazed front aspect window, plain plaster ceiling, pine floorboards, 3ft deep wardrobe, access to loft void, thermostat, satellite connection, radiator.
Bedroom two: 9’9(max) x 7’3 PVC double-glazed window to front aspect, plain plaster ceiling, pine floor-boards, radiator.
Bathroom: Glass blockwork giving light from the landing, panel enclosed bath with power shower over, rail & curtain, tiled surrounds, pedestal wash hand basin, close coupled wc.
Outside: Rear: Courtyard. Refer to photograph. Agents note: The walkway between this cottage and it’s neighbour is shared access.
Parking: On-street parking in resident only by subscription with a scheme in place for visitors of residents. Key Facts for Buyers: EPC: Rating of D (60). Council Tax: Band C Approx. £2,296 per annum.
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
Agent & docs
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FAQ
About 65, North Street, Bicester
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