Flat for sale in Woodford Way, Witney OX28

A top floor 1 bedroom apartment located in this convenient position, perfect for an investment purchase.

The property offers open plan lounge and kitchen, double bedroom and bathroom.

There is an allocated parking space.

The apartment is sold with tenant in situ until 13th June 2024. The current rent pcm is £795, which represents a yield of 5.6% at asking price. We have been informed that the property could achieve a higher rent of around £850pcm, which would change the yield to 6%.

There are 111 years remaining (2023) on the lease, with a service charge of £1991.34 per annum and ground rent of £300 per annum.

Witney is a charming market town located between Oxford and the Cotswolds and is subsequently surrounded by stunning countryside. The largest market town in the Cotswolds, Witney’s architecture reflects its past prosperity from the wool trade, including the 17th century Buttercross, the church of St Mary the Virgin and the fine tree-bordered green.

The town has a charming, bustling atmosphere with its unique blend of shops and cafes, including the recently restored Blanket Hall and Pie Shop, a twice weekly market and plenty of annual festivals. There are lots of green spaces to enjoy, including the Leys with its adventure golf, play area and leisure centre. A short walk from the town centre, across the water meadow lies Cogges, an historic farmstead with a fascinating story.

Witney combines all of this heritage with an additional modern shopping centre with plenty of parking, a multiplex cinema, M&S supermarket and a leisure centre.

There are convenient road links via the A40 to Oxford or Cheltenham. The town has excellent bus services. The 2 railway stations are a short drive away located in Long Hanborough and Charlbury. Witney has two secondary schools and numerous primary schools. To check broadband and mobile phone coverage please visit Ofcom here