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Burwell Meadow

Witney, Oxfordshire

£600,000

  • 7 bedroom HMO property
  • High current net yield: 11.28%
  • Immediate income on completion
  • Strong rental income: £6,120pcm
  • Full compliant documentation in place

    For more information please contact our team:

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    Witney, Oxfordshire

    7 Bedroom HMO | £600,000 | 11.28% Net Yield
    Summary
    An exceptional opportunity to acquire a well-established, income-producing HMO investment in the popular Oxfordshire market town of Witney. This substantial detached freehold property operates as a 7-bedroom House in Multiple Occupation, generating a gross rental income of £6,120 per calendar month, equivalent to £73,440 per annum representing a gross yield of 12.24% on the asking price.
    The property has been extended to accommodate a seventh bedroom suite within the attic, subject to a planning application currently under review with West Oxfordshire District Council (Ref: 26/01382/FUL, validated 10 June 2026). The HMO licence has recently expired and is being renewed to reflect the 7-room configuration at current market room rates. The renewed licence will be in place prior to the conclusion of any transaction.
    Investment Highlights
    • Detached freehold property with 7 income-generating rooms
    • Gross rental income of £6,120 pcm / £73,440 per annum
    • Impressive gross yield of 12.24% at the asking price
    • Net yield of 11.28% after operating costs (utilities & council tax)
    • Licence renewal reflects 7-room configuration and current higher room rates
    • Planning application submitted for Sui Generis HMO use Ref: 26/01382/FUL
    • Two ground-floor bedrooms providing flexible accommodation
    • Driveway and off-street parking to the front
    • Large private rear garden
    Financial Analysis
    Income
    Monthly rental income (7 rooms)
    £6,120 pcm
    Annual gross rental income
    £73,440 p.a.
    Annual Operating Costs
    Electricity
    £1,013
    Gas
    £684
    Council tax
    £3,180
    Water
    £864
    Total annual operating costs
    £5,741
    Yield Analysis
    Gross yield (on asking price)
    12.24%
    Net yield (after operating costs)
    11.28%
    Net annual income (after operating costs)
    £67,699 p.a.
    Property Description
    A substantial detached property arranged over three floors, providing generous accommodation suitable for a professional HMO letting strategy.
    Ground floor
    Entrance hallway  ·  Downstairs WC  ·  Bedroom 1  ·  Bedroom 2 with en-suite shower room  ·  Conservatory  ·  Kitchen
    First floor
    Bedrooms 3, 4, 5 and 6  ·  Family bathroom
    Attic
    Bedroom 7 (large double)  ·  Large en-suite shower room  ·  Storage
    External
    Driveway and off-street parking to the front  ·  Large private rear garden
    Planning & HMO Licensing
    HMO licence: The property was previously licensed as a 6-bedroom HMO. Following the creation of the seventh bedroom, the licence is now being renewed at the current higher room rate applicable in the local market. The renewed licence will be in place prior to the conclusion of any sale.
    Planning application:
    Reference: 26/01382/FUL
    Type: Full Planning Application (FUL)
    LPA: West Oxfordshire District Council
    Validated: Wednesday, 10 June 2026
    Status: Currently under review
    The application relates to the use of the property as a 7-bedroom Sui Generis HMO. Purchasers are advised to make their own enquiries with the local planning authority.
    Location & Market
    Witney is a prosperous, well-connected market town in West Oxfordshire, approximately 12 miles west of Oxford city centre. The town benefits from strong local amenities and regular bus connections to Oxford, making it a popular destination for professional workers, healthcare staff, and students employed throughout the wider Oxfordshire area.
    Oxfordshire remains one of the UK’s most resilient property markets, underpinned by world-class employers including the University of Oxford, the NHS, BMW Mini, and a thriving life sciences and technology cluster at the Oxford Science Park and Harwell Campus. This diverse employment base drives consistent demand for quality HMO accommodation, with well-managed properties typically achieving strong occupancy rates and competitive rental values.
    Key Details at a Glance
    Property type
    Detached
    Tenure
    Freehold
    Bedrooms
    7 (including 2 en-suite)
    Bathrooms
    2 en-suites + 1 family bathroom + downstairs WC
    Parking
    Driveway / off-street
    Asking price
    £600,000
    Gross income
    £6,120 pcm / £73,440 p.a.
    Gross yield
    12.24%
    Net yield (after bills)
    11.28%

    Return on Capital Employed (ROCE) Calculator

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    Property Price

    Mortgaged

    Cash Purchase

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    £600,000.00

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    £6,120.00

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