Graven Hill Apartments

Buy to Let - United Kingdom, Oxfordshire
Mortgages: Up to 75% LTV
Minimum Cash Investment: £76,453
11.42% - Max Year 1 Net Yield on Cash

Nestled just outside of Bicester in Oxfordshire, Graven Hill is well connected via the M40 and M42 plus two rail stations, with trains to Oxford (15 mins) and London (49 mins). With one of the lowest unemployment rates in the country, the proximity to Oxford makes it ideal for the area’s high volume of commuters seeking accommodation outside of the busy city. The development is within walking distance of Bicester and Bicester Village. Already home to high-end retail brands such as Burberry, Gucci and Jimmy Choo, the town is seeing new homes, jobs and transport links added as part of a regeneration plan that will continue to draw people to the area.

Graven Hill Apartments is a unique development of 104 stunning open-plan luxury apartments (3 studios, 43 1-bed, 58 2-bed) on a stunning 188-hectare site – one of the first large-scale greenbelt urban communities in the UK. Completion is scheduled for Q1 2020. Graven Hill will feature 1,000,000 sq ft of commercial space designed to channel the economic strength of the South East, providing over 3,000 jobs on site. The entire site is designed as low-density, helping to underpin ongoing rental demand and long-term tenancies. The luxury apartments are designed to be spacious, energy efficient and boasting premium fixtures and fittings, combining to offer city-level luxury in the countryside – a proposition that will help the development stand out on the resale market in the future. Car parking spaces are available for an extra £10,000.

Prices for 2 bed homes start from £239,950 up to a maximum of £259,950. Only 10% is required upon exchange, followed by a later stage payment of 10% and 80% upon completion. Financing is in principle available up to 75% LTV, subject to eligibility.
Rental income is forecast at 6% gross per annum. While a management company is not currently in place, by leveraging finance, investors can generate a Year 1 cash-on-cash NET yield of 11.4%, which will make running costs easy to accommodate.
Based on capital growth of 1.9% and rental growth of 3%, Five Quadrant’s financial illustration forecasts a total ROI of 207% over 10 years.

 

KEY FACTS

  • One of the first large-scale greenbelt urban communities in the UK
  • Ongoing rental demand and long-term tenancies
  • Car parking spaces are available
  • Prices for 2 bed homes start from £239-950
  • Only 10% is required upon exchange
  • Up to 75% LTV
  • Year 1 cash-on-cash NET yield of 11.4%
  • Total ROI of 207% over 10 years

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