Annexes add up to better value

9:17am Friday 28th November 2008

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Househunters could benefit from an extra income if they buy a property with an annexe or outbuildings which are converted to self-contained living or office accommodation.

One example is a semi-detached house at 133 Cumnor Hill, Oxford. It has an annexe, added by the present owner, for which the estimated income is around £700 a month.

Designer-built with an interesting minii-atrium over the spacious kitchen/dining room, the annexet also has a large bedsitting room, bathroom, separate shower and toilet, utility room and its own front door.

The main house has three bedrooms, one of which has a dressing room and ensuite bathroom, two reception rooms,, a large attic, kitchen and study. There is also a studio/workshop in the rear garden.

The property is on the market through Oxford-based Savills at a guide price of £599,950.

Huw Warren, of Savills, said: “We have spoken to a number of potential buyers who are actively looking for a property which could provide them with an additional income to offset their mortgage repayments. The next few years could be lean ones, so such properties could become ever more desirable.”

For more details, call Savills on 01855 339700.