A landlord came in to talk about Martin & Co's claims that Oxford's property market is so buoyant at the moment. We eventually arrived at the subject of bargains available in our city.
I did a little research and found that a rather lucky person had purchased a two bedroomed converted flat, in Brasenose Driftway this Spring, for only £217,000. This property had previously sold for £228,000 in 2007. This represents a great bargain with a gross yield on the rental return of 5.2%.
In a similar area, another 2 bedroom property sold for £250,000 this year, which is the same price it was at the market peak in 2007. Again, a fantastic buy that went on to achieve a 5% rental yield.
If you would like to come and discuss properties in the area, you are welcome to visit our office on Woodin's Way, Paradise Street or give me a call on 01865 812110
Lettings Manager, Martin & Co Oxford