3-bedroom flat · OX1 4QQ
Sold STCListed 213 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Rarely Available Three-Bedroom Apartment in the Heart of Pegasus Grange with Exceptional Facilities and Private Garage.
Set within the renowned and highly regarded retirement development of Pegasus Grange, this spacious and rarely available three-bedroom apartment enjoys a particularly desirable position in the Cloisters section of the Grange.
Designed to offer comfort, convenience and a strong sense of community, the development provides an exceptional range of on-site facilities, including a resident site manager, a heated indoor swimming pool, gym, library, laundry facilities and beautifully maintained communal gardens.
The apartment itself features a bright and generously sized lounge/diner, filled with natural light, alongside a modern, well-planned kitchen complete with a fitted dishwasher.
A separate utility room provides dedicated space for a washing machine and includes an additional WC for everyday convenience.
The spacious principal bedroom benefits from built-in storage, complemented by a family shower room and two further bedrooms.
Externally, the development offers ample resident parking throughout, along with the significant benefit of a private garage belonging to the property.
Offered to the market with no onward chain, this superb home presents an excellent opportunity to secure a rarely available apartment within this sought-after retirement setting.
Location Pegasus Grange is an exceptional development of 91 independent living apartments in central Oxford, just off the Abingdon Road at the Folly Bridge end, with 3 guest suites, a friendly community environment located very close to the City centre, the colleges, museums, theatres and other attractions of Oxford.
Viewing Arrangements Strictly by appointment with Penny & Sinclair.
Prior to making an appointment to view, Penny & Sinclair strongly recommend that you discuss any particular points which are likely to affect your interest in the property with a member of Penny & Sinclair's staff who has seen the property, in order that you do not make a wasted journey.
Services & Tenure All mains services connected with the exception of gas. All apartments are leasehold with a 150 year lease beginning on 1st January 1992.
The freeholder and landlord is Adriatic Land 3 (GR1) Ltd. The development is managed by FirstPort Retirement Property Services on their behalf.
Service charges are discussed annually with the residents. The quarterly charge for 2025 is £1,250.61 per apartment.
In addition to the service charge, owners pay either an annual ground rent or an exit fee (capped at 5% of the value) when the property is sold or transferred.
Agents Note Penny & Sinclair, their clients and any joint agent gives notice to anyone reading these particulars that: I) the particulars do not constitute part of an offer or contract; ii) all descriptions, dimensions, references to the condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers should not rely on them as statement or representations of fact.
Iii) the text, photographs and plans are guidelines only and are not necessarily comprehensive.
Any reference to alterations to, or use of, any part of the property does not mean that all necessary planning, building regulations or other consents have been obtained and Penny & Sinclair have not tested any services, equipment or facilities.
A buyer or lessee must satisfy themselves by inspection or otherwise.
Iv) the descriptions provided therein represent the opinion of the author and whilst given in good faith should not be construed as statements (truncated)
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 64 The Cloisters,, Pegasus Grange, Oxford
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