4 Bed HMO, Oxford, OX4 1XR £550,000

East Avenue, East Oxford, OX4 1XR - 3 views - a year ago
HMO
~103 m²
Property image

ValuationUndervalued

Sold Prices£300K - £1.3M
Sold Prices/m²£2.9K/m² - £10.1K/m²

 

 

Square Metres

~102.60 m²
Price/m²£5.4K/m²

Value Estimate

£621,468
BMV13%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£46,200

Total Cash In

£183,700

 

 

Cash Out

 

Room Rate

£706

Gross Rent

£2,824

Running Costs/mo

£2,872

Cashflow/mo

£-48

Cashflow/yr

£-575

Gross Yield

6%

Local Sold Prices

50 sold prices from £300K to £1.3M, average is £769.3K. £2.9K/m² to £10.1K/m², average is £6K/m².

Price
Date
Distance
Address
Beds
 
£600K01/240.08 mi93, Morrell Avenue, Oxford, Oxfordshire OX4 1NQ4
£490K09/210.08 mi78, East Avenue, Oxford, Oxfordshire OX4 1XP4
£300K12/240.12 mi145, Morrell Avenue, Oxford OX4 1NG4
£535K06/210.15 mi49, Divinity Road, Oxford, Oxfordshire OX4 1LH4
£895K05/220.21 mi11, Minster Road, Oxford, Oxfordshire OX4 1LX4
£590K03/250.21 mi56, Princes Street, Oxford OX4 1DE4
£835K03/230.23 mi39, Southfield Road, Oxford, Oxfordshire OX4 1NX4
£778K05/250.24 mi138, Divinity Road, Oxford OX4 1LW4
£963.6K04/240.27 mi178, Divinity Road, Oxford, Oxfordshire OX4 1LR4
£973.2K12/220.3 mi76, Southfield Road, Oxford, Oxfordshire OX4 1PA4
£785K02/250.3 mi219, Morrell Avenue, Oxford OX4 1NF4
£665K02/250.31 mi35, St Marys Road, Oxford, Oxfordshire OX4 1PY4
£600K01/230.31 mi115, Southfield Road, Oxford, Oxfordshire OX4 1NY4
£983K06/210.31 mi204, Divinity Road, Oxford, Oxfordshire OX4 1LS4
£957.5K02/250.32 mi17, Hill Top Road, Oxford, Oxfordshire OX4 1PB4
£713K09/230.33 mi12, Hurst Street, Oxford, Oxfordshire OX4 1HB4
£900K02/230.34 mi57, Hurst Street, Oxford, Oxfordshire OX4 1HA4
£875K02/250.35 mi67, Hurst Street, Oxford, Oxfordshire OX4 1HA4
£580K01/240.35 mi101, Hurst Street, Oxford, Oxfordshire OX4 1HA4
£905K07/230.39 mi60, Hill Top Road, Oxford, Oxfordshire OX4 1PE4
£767K08/250.4 mi137, Hurst Street, Oxford OX4 1HE4
£835K08/240.41 mi5, Denmark Street, Oxford OX4 1QS4
£835K08/240.42 mi5, Denmark Street, Oxford, Oxfordshire OX4 1QS4
£890K03/230.43 mi37, Hill Top Road, Oxford, Oxfordshire OX4 1PD4
£985K12/220.43 mi51, Hill Top Road, Oxford, Oxfordshire OX4 1PD4
£620K04/230.46 mi18, Aston Street, Oxford, Oxfordshire OX4 1EP4
£870K10/230.47 mi10, Bannister Close, Oxford, Oxfordshire OX4 1SH4
£476.5K08/210.51 mi18, Silver Road, Oxford, Oxfordshire OX4 3AP4
£560K09/230.53 mi118, Charles Street, Oxford, Oxfordshire OX4 3AT4
£535K06/210.53 mi90a, Percy Street, Oxford, Oxfordshire OX4 3AD4
£850K11/230.55 mi30, Percy Street, Oxford, Oxfordshire OX4 3AA4
£885K11/230.56 mi14, Stratford Street, Oxford, Oxfordshire OX4 1SW4
£620K10/230.56 mi58, Ridgefield Road, Oxford, Oxfordshire OX4 3DA4
£940K08/250.59 mi20, Chester Street, Oxford OX4 1SN4
£750K09/230.61 mi9, Warwick Street, Oxford, Oxfordshire OX4 1SZ4
£905K11/220.61 mi60, Warwick Street, Oxford, Oxfordshire OX4 1SX4
£770.5K01/240.61 mi6, Warwick Street, Oxford, Oxfordshire OX4 1SX4
£610K03/250.63 mi1, Tyler Row, Glanville Road, Oxford OX4 2GE4
£913K10/240.63 mi2, Argyle Street, Oxford OX4 1SS4
£768K08/210.64 mi6, Demesne Furze, Headington, Oxford, Oxfordshire OX3 7XD4
£485K01/250.64 mi9, Skene Close, Oxford OX3 7XQ4
£485K01/250.64 mi9, Skene Close, Oxford OX3 7XQ4
£706.5K04/230.65 mi13, Argyle Street, Oxford, Oxfordshire OX4 1ST4
£831.5K10/230.65 mi17, Argyle Street, Oxford, Oxfordshire OX4 1ST4
£550.8K01/250.66 mi52, Reliance Way, Oxford OX4 2FG4
£913K10/240.66 mi2, Argyle Street, Oxford, Oxfordshire OX4 1SS4
£600K03/250.66 mi136, Reliance Way, Oxford OX4 2FQ4
£1.3M06/210.67 mi286, Iffley Road, Oxford, Oxfordshire OX4 4AA4
£555K10/230.68 mi65, Cricket Road, Oxford, Oxfordshire OX4 3DJ4
£497.5K08/230.68 mi19, Cardwell Crescent, Headington, Oxford, Oxfordshire OX3 7QE4

Local Area Statistics

Population in OX4

61,985

Population in Oxford

160,498

Town centre distance

1.18 miles away

Nearest school

0.10 miles away

Nearest train station

1.68 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £550,000

May 20, 2024

Floor Plans

Property image

Description

An opportunity to acquire an Edwardian three/four bedroom house situated in this favoured no through road within walking distance of Magdalen Bridge and The High Street.
The property currently has an HMO license for 4 occupants providing a gross yield in the region of 6% and as such might be of interest to investors and those looking to reside themselves (presently available with tenants in situ or vacant possession from 1st March 2025). Well-proportioned accommodation over 3 floors (approx. 1105 sq ft) including separate reception rooms, WC, a re-fitted kitchen and useful store room beyond.  Upstairs includes a family bathroom and 2 well-proportioned bedrooms on the first floor. A loft conversion provides a sizeable second floor primary bedroom with the advantage of an en-suite shower room. There is on street permit parking to the front and an enclosed back garden with useful gated rear access. No Onward chain. East Avenue runs between the Cowley Road and Morrell Avenue providing easy access to central Oxford in addition to all the local bars, restaurants and shops. The property is within walking distance of South Park, Oxford Brookes University and a range of schools for all ages. The Oxford Tube and Airline Coach services are available at nearby St. Clements allowing 24 hour transport to London, Heathrow and Gatwick. Oxford Mainline Station also offers frequent trains to London Paddington or Marylebone (approx.1 hour travel time). Council Tax Band: E

Agent Details

Chamberlain Evans, Oxford

01865 638932

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪