Oxford landmark 4 Folly Bridge for sale - Telegraph

Oxford landmark 4 Folly Bridge for sale - Telegraph

Student lodgers, anyone? Whoever buys 4 Folly Bridge, a castellated property on an island in the heart of Oxford, will first have to decide what to do with the lodgers. There are seven of them, inhabiting four separate floors, and compared with Oxford students of old, they are living in the lap of luxury.

They have televisions, microwaves, fridge-freezers, washing-machines and proper non-creaking beds. And I only counted one spider in the entire house, which must be an Oxford first.

The students are studying at the Oxford Business School, which currently owns the property, and it is quite possible that the new owner will also see its buy-to-let potential. It is already licensed by the council as a house in multiple occupation (HMO) and brings in about £52,000 rental income a year, or 5 per cent of its capital value.

“That is an attractive yield in the present financial climate,” says Chris Way of agent Carter Jonas. “The buy-to-let sector has been comparatively quiet for the past two or three years, but we are seeing experienced investors starting to come back. .....