4 Bed Detached House, Refurb/BRRR, Witney, OX29 9UB, £775,000

Middletown, OX29 9UB - 2 years ago

Sold STC
Refurb/BRRR
~162 m²
+19 photos

ValuationOvervalued

Sold Prices£315K - £1.3M
Sold Prices/m²£2.5K/m² - £6.2K/m²

 

 

Square Metres

~161.56 m²
Price/m²£4.8K/m²

Value Estimate

£599,076

 

 

End Value (After Refurb)

£680,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£193,750

Stamp Duty & Legal Fees

£66,200

Refurb Costs

£70,686

Bridging Loan Interest

£20,344

Total Cash In

£352,730

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£680,000

Mortgage (After Refinance)

£510,000

Mortgage LTV

75%

Cash Left In

£352,730

Equity

£170,000

Rent Range

£1,350 - £2,600

Rent Estimate

£1,652

Running Costs/mo

£2,475

Cashflow/mo

£-823

Cashflow/yr

£-9,881

Gross Yield

3%

Local Sold Prices

50 sold prices from £315K to £1.3M, average is £527.5K. £2.5K/m² to £6.2K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£685K12/200.07 mi5, Church Lane, Hailey, Witney, Oxfordshire OX29 9UD4
£881.6K08/210.32 miGreystone, Delly End, Hailey, Witney, Oxfordshire OX29 9XD4
£630K03/210.48 miAspley House, Wood Lane, Hailey, Witney, Oxfordshire OX29 9XB4
£815K06/210.6 miThird Acre, Pitts Lane, Hailey, Witney, Oxfordshire OX29 9UT4
£355K05/230.98 mi55, Schofield Avenue, Witney, Oxfordshire OX28 1JR4
£320.7K02/211.03 mi1, Schofield Avenue, Witney, Oxfordshire OX28 1JP4
£440K11/221.15 mi111, Vanner Road, Witney, Oxfordshire OX28 1LL4
£472K11/201.18 mi5, Chestnut Close, Witney, Oxfordshire OX28 1PD4
£365K01/211.19 mi171, Vanner Road, Witney, Oxfordshire OX28 1LQ4
£420K01/211.19 mi125, Vanner Road, Witney, Oxfordshire OX28 1LQ4
£802.5K11/231.22 mi35, New Yatt Road, Witney, Oxfordshire OX28 1NX4
£475K05/231.22 mi44, Vanner Road, Witney, Oxfordshire OX28 1PF4
£1.3M02/231.27 mi16, New Yatt Road, Witney, Oxfordshire OX28 1NZ4
£555K06/211.33 mi6, Sycamore Close, Witney, Oxfordshire OX28 1GP4
£595K06/211.34 mi66, Early Road, Witney, Oxfordshire OX28 1EU4
£525K06/211.34 mi92, Early Road, Witney, Oxfordshire OX28 1EU4
£545K04/211.34 mi80, Early Road, Witney, Oxfordshire OX28 1EU4
£555K06/211.35 mi77, Early Road, Witney, Oxfordshire OX28 1ET4
£575K03/211.38 miGlovers, 27a, Woodgreen, Witney, Oxfordshire OX28 1DG4
£530K01/211.4 mi55, Woodstock Road, Witney, Oxfordshire OX28 1EB4
£775K12/221.4 mi57, Woodstock Road, Witney, Oxfordshire OX28 1EB4
£540K09/211.4 mi23, Oakdale Road, Witney, Oxfordshire OX28 1AX4
£575K01/231.41 mi1, Oakdale Lane, Witney, Oxfordshire OX28 1GH4
£353K12/201.42 mi12, Oakdale Road, Witney, Oxfordshire OX28 1BJ4
£525K04/211.42 mi6, Oakdale Lane, Witney, Oxfordshire OX28 1GH4
£475K04/231.43 mi14, West End, Witney, Oxfordshire OX28 1NE4
£800K12/201.49 mi31, Woodlands Road, Witney, Oxfordshire OX28 2DR4
£380K10/211.5 mi19, Grangers Place, Witney, Oxfordshire OX28 4BS4
£400K10/211.52 mi76, Dark Lane, Witney, Oxfordshire OX28 6LX4
£550K07/231.52 mi70, Dark Lane, Witney, Oxfordshire OX28 6LX4
£470K06/211.52 mi13, Burford Road, Witney, Oxfordshire OX28 6DP4
£352K12/201.53 mi4, Ashcombe Crescent, Witney, Oxfordshire OX28 6GL4
£422K02/231.53 mi30, Cedar Drive, Witney, Oxfordshire OX28 1EJ4
£415K01/231.54 mi6, Lavender View, Witney, Oxfordshire OX28 1EH4
£450K02/211.56 mi10, Harvest Way, Witney, Oxfordshire OX28 1EG4
£360K09/211.57 mi41, Moor Avenue, Witney, Oxfordshire OX28 6LL4
£560K02/211.57 mi49, Davenport Road, Witney, Oxfordshire OX28 6EL4
£332K12/201.58 mi25, Harvest Way, Witney, Oxfordshire OX28 1BX4
£355K11/201.59 mi30, Cedar Drive, Witney, Oxfordshire OX28 1EJ4
£370K06/211.59 mi9, Cedar Drive, Witney, Oxfordshire OX28 1EJ4
£569.3K03/211.6 mi11, Pensclose, Witney, Oxfordshire OX28 2EG4
£575K03/211.6 mi77, Pensclose, Witney, Oxfordshire OX28 2EG4
£575K11/231.6 mi3, Gloucester Place, Witney, Oxfordshire OX28 6LA4
£750K07/231.61 mi31, Gloucester Place, Witney, Oxfordshire OX28 6LB4
£325K06/211.61 mi7, Mead Lane, Witney, Oxfordshire OX28 1YD4
£315K10/201.61 mi24, Mead Lane, Witney, Oxfordshire OX28 1YD4
£890K06/231.63 mi105, Burford Road, Witney, Oxfordshire OX28 6ED4
£700K11/221.63 mi24, Davenport Road, Witney, Oxfordshire OX28 6EJ4
£595.8K12/211.63 mi42, Davenport Road, Witney, Oxfordshire OX28 6EJ4
£485K07/231.65 mi11, Marsh Walk, Witney, Oxfordshire OX28 1YF4

Local Rents

13 rents from £1.4K/mo to £2.6K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£2,60006/240.03 miMiddletown, Hailey, Witney, Oxfordshire, OX294
£1,45012/240.54 miFox Close, Hailey3
£1,70012/240.88 miSteep Hill, Crawley, OX293
£1,42508/240.98 miSchofield Avenue, Witney3
£1,50006/241.07 miQuarry Road, Witney, Oxfordshire3
£1,65008/241.17 mi-4
£1,70007/241.17 miFarmers Close, Witney, OX284
£1,65007/241.17 miFarmers Close, Witney, OX284
£1,65007/241.17 miFarmers Close, Witney, OX284
£1,60006/241.21 miFarmers Close, Witney, Oxfordshire, OX283
£1,35006/241.21 mi-3
£1,65007/241.22 miFarmers Close, Witney, OX283
£1,55006/241.24 miFarmers Close, Witney, Oxfordshire, OX283

Local Area Statistics

Population in OX29

23,056

Population in Witney

50,632

Town centre distance

1.58 miles away

Nearest school

0.10 miles away

Nearest train station

2.98 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+7%

Property History

Listed for £775,000

January 27, 2023

Floor Plans

Description

  • 4 Bedroom Detached Bungalow +
  • Development Potential subject to consents +
  • 3 Acres of Grounds approximately +
  • Village Location +
  • 2 Storey Outbuilding/Potential Annex and shed +
  • NO ONWARD CHAIN +

The Lanket is a detached bungalow in the heart of the pretty village of Hailey, which is situated in a conservation area. Coming to the market for the first time in many years it has potential to develop subject to consents with land extending to approximately 3 acres. In need of complete renovation throughout.

Hailey is a pretty village just a short drive from the bustling market town of Witney, it benefits from a primary school, a cricket and rugby club and the 17th Century family run Inn, The Lamb and Flag. There are good transport links to Witney, Oxford and beyond and Hailey is just a short drive from Charlbury train station with access to London Paddington. A rare opportunity to purchase a unique property with potential to develop subject to consents.

Agent Details

Lee Chadwick, Witney

01993 225897

Next Steps?

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