Flat for sale in North Street, Bicester OX26

Summary

Cash buyers only due to low lease.

Fantastic investment opportunity - great for rental investment or to renovate and flip. A good sized One Bedroom Flat in this central position on North Street, just off Bicester Town Centre.

The flat is in need of renovation throughout and comes with 58 years left on the lease - so realistically open for Cash Purchasers Only (if you require a mortgage please speak to your mortgage broker before booking to view, to establish whether you can achieve a mortgage on this property, considering length of lease). Note, lease length can be extended by new owners, through normal means - buyers should investigate to establish cost and process.

The front door into the property opens into an entrance hallway. There is a Living Room, separate Kitchen, Bedroom and Bathroom. The property has electric heating and is connected to all mains services (note: Services are not tested). There is double glazing, thought to be original from 1983. The property comes with the benefit of allocated parking (car park behind barrier), and there is also visitor parking on site.

This is a great opportunity for a buyer who can come in, get the work needed to the property done and turned round - this means full redecoration including new wall and floor coverings, new kitchen and new bathroom as a minimum - but ideally extending the lease length also, but resulting in what would be an ideal long term rental investment in a prime Bicester location, right in the town centre - or of course a great place to own and occupy, in a well served location close to all amenities and main transport routes.

Lease Length: 58 Years (as of April 2024)

Ground Rent: Two annual instalments of 55.00

Service Charge: Two annual instalments of 407.27

Ground Rent Review Period: Tbc through legal pack

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 58 years remaining
Annual Ground Rent Amount: 110.00
Annual Service Charge Amount: 814.00