LETTING & ESTATE AGENT

Following the government’s update on 13th May 2020 regarding home moving in England during the Covid-19 outbreak, we are pleased to announce our branches in England will start re-opening their doors for booked appointments over the coming weeks. Health and safety remains our main priority, and a number of strict measures will be put in place to protect our staff and customers. Our offices in Scotland and Wales will continue to support customers from home. Visit our branch page to find contact details for your local office.

Should you be buying in Southfield Park, Oxford

Should you be buying in Southfield Park, Oxford

A few weeks ago, I discussed the differences in rent which could be achieved from properties in the villages around Oxford. I now turn my attention to the city, and in particular, Soutfield Park.  It caught my attention.

Typically, a 1 bed apartment in this development will sell for £160,000, depending on condition and position. You can expect a rent of around £795 a month, which would see you achieve a gross yield in excess of 5.5%. A fantastic return from your investment! Interestingly, they do go even cheaper than this, with one selling recently for £150,000. Even with consideration to its locality (ground floor), it was nicely presented and would still command a rent of £750, which would give you an even better yield of 6%.

The good news doesn't stop there, folks. The average price for a flat in this development is £178,000. This has acheived an increase in capital value of 6.9% from 2013; 8.65% from 2012; 14.5% from 2011 and 23% from 5 years ago. When you consider the economic climate in recent years, these are impressive appreciations.

If you are a landlord who is looking to buy property to let, you should of course consider both captial appreciation as well as yield. If you can achieve the right figures on both then all the better but it is not essential. Sometimes a good yielding property won’t appreciate quickly in captial value and vice versa but so long as you have one of the two, you are on the right track.

If you would like any advice when choosing properties, then come and see me at our offices on Woodin's Way, Paradise Street or email me at richard.goodwin@martinco.com

Best regards,

Richard Goodwin, Lettings Manager, Martin & Co Oxford.