This property presents a valuable opportunity for anyone looking to invest in a freehold residential asset located in the heart of Witney. Comprising four self-contained apartments spread across ground, first, and loft levels, this well-established investment has been owned by the same family for several years. While the property has been maintained over time, each apartment could greatly benefit from light cosmetic upgrades, providing a strategic avenue for enhancing both rental income and overall property value. Currently generating a gross annual income of £42,600 through existing Assured Shorthold Tenancies, there is significant potential for increased revenue as current rental rates are below market averages due to the historical landlord-tenant relationships and the condition of some units. Notably, there is scope to achieve improved rents—one example shows a successful re-letting at an increased rate after minor refurbishment. Investors will find that with modest expenditure on enhancements such as redecoration and specification improvements across all units, they can standardize rental levels while also addressing energy performance certificate (EPC) ratings—particularly relevant for Flat D with its current E rating. Situated in a desirable market town with robust demand for well-presented flats, this investment not only promises immediate returns but also clear avenues for future growth.
