3 Bed Semi-Detached House, Refurb/BRRR, Oxford, OX3 8LP, £444,950

New Cross Road Oxford OX3 8LP - 7 views - 9 months ago

Refurb/BRRR
ROI: 2%
~84 m²
+10 photos

ValuationOvervalued

Sold Prices£240K - £700K
Sold Prices/m²£2.8K/m² - £9.4K/m²

 

 

Square Metres

~84.40 m²
Price/m²£5.3K/m²

Value Estimate

£408,722

 

 

End Value (After Refurb)

£412,652

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£111,238

Stamp Duty & Legal Fees

£24,296

Refurb Costs

£37,753

Bridging Loan Interest

£11,680

Total Cash In

£186,717

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£412,652

Mortgage (After Refinance)

£309,489

Mortgage LTV

75%

Cash Left In

£186,717

Equity

£103,163

Rent Range

£1,350 - £6,200

Rent Estimate

£2,119

Running Costs/mo

£1,733

Cashflow/mo

£386

Cashflow/yr

£4,628

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £240K to £700K, average is £458.8K. £2.8K/m² to £9.4K/m², average is £5.5K/m².

PriceDateDistanceAddressBeds 
£369K06/230.05 mi28, Gladstone Road, Headington, Oxford, Oxfordshire OX3 8LJ3
£488.2K03/210.05 mi29, Quarry High Street, Headington, Oxford, Oxfordshire OX3 8JU3
£452.5K06/210.05 mi27, Quarry High Street, Headington, Oxford, Oxfordshire OX3 8JU3
£496.5K12/200.05 mi23, Quarry High Street, Headington, Oxford, Oxfordshire OX3 8JU3
£355.3K08/230.06 mi6, Spooner Close, Headington, Oxford, Oxfordshire OX3 8TP3
£535K12/200.07 mi66, Pitts Road, Headington, Oxford, Oxfordshire OX3 8AZ3
£550K09/230.08 mi3, Chequers Place, Headington, Oxford, Oxfordshire OX3 8LR3
£465K05/210.08 mi6, Trafford Road, Headington, Oxford, Oxfordshire OX3 8BE3
£386.3K11/200.09 mi43, Pitts Road, Headington, Oxford, Oxfordshire OX3 8BA3
£540K10/200.09 mi8, Quarry High Street, Headington, Oxford, Oxfordshire OX3 8JT3
£360K11/230.1 mi5, Trafford Road, Headington, Oxford, Oxfordshire OX3 8BD3
£396K11/230.12 mi7, Quarry Hollow, Headington, Oxford, Oxfordshire OX3 8JR3
£372.5K01/230.12 mi6, John Snow Place, Headington, Oxford, Oxfordshire OX3 8BB3
£351K11/230.12 mi26, John Snow Place, Headington, Oxford, Oxfordshire OX3 8BB3
£340K04/210.12 mi15, Tilehouse Close, Headington, Oxford, Oxfordshire OX3 8AU3
£350K06/210.12 mi19, Tilehouse Close, Headington, Oxford, Oxfordshire OX3 8AU3
£400K10/230.15 mi19, Toot Hill Butts, Headington, Oxford, Oxfordshire OX3 8LB3
£580K12/220.16 mi1a, Quarry School Place, Headington, Oxford, Oxfordshire OX3 8LH3
£450K12/230.18 mi269, London Road, Headington, Oxford, Oxfordshire OX3 9EH3
£650K11/210.19 mi226, London Road, Headington, Oxford, Oxfordshire OX3 9EG3
£585K04/230.2 mi4, Sefton Road, Headington, Oxford, Oxfordshire OX3 9EN3
£380K06/230.2 mi79, Green Road, Headington, Oxford, Oxfordshire OX3 8LD3
£382.5K06/210.2 mi35, Green Road, Headington, Oxford, Oxfordshire OX3 8LD3
£525K11/230.2 mi53, Quarry Road, Headington, Oxford, Oxfordshire OX3 8NX3
£440K10/230.23 mi24, Holley Crescent, Headington, Oxford, Oxfordshire OX3 8AW3
£690K11/200.23 mi2, St Leonards Road, Headington, Oxford, Oxfordshire OX3 8AA3
£385K06/210.25 mi29, Forest Road, Headington, Oxford, Oxfordshire OX3 8LF3
£390K06/210.25 mi22, Forest Road, Headington, Oxford, Oxfordshire OX3 8LF3
£562K10/200.25 mi7, Weyland Road, Headington, Oxford, Oxfordshire OX3 8PE3
£485K08/230.25 mi39, Weyland Road, Headington, Oxford, Oxfordshire OX3 8PE3
£520K03/240.28 mi39, Mark Road, Headington, Oxford, Oxfordshire OX3 8PB3
£470K12/200.28 mi39, Mark Road, Headington, Oxford, Oxfordshire OX3 8PB3
£415K06/210.29 mi43, Hawthorn Avenue, Headington, Oxford, Oxfordshire OX3 9JQ3
£500K02/240.29 mi25, Hawthorn Avenue, Headington, Oxford, Oxfordshire OX3 9JQ3
£662K03/240.31 mi6, Wharton Road, Headington, Oxford, Oxfordshire OX3 8AH3
£500K01/210.31 mi7, Wharton Road, Headington, Oxford, Oxfordshire OX3 8AH3
£405K11/200.33 mi326, London Road, Headington, Oxford, Oxfordshire OX3 8DN3
£425K12/200.33 mi84, Collinwood Road, Headington, Oxford, Oxfordshire OX3 8HL3
£370K06/210.33 mi34, Downside Road, Headington, Oxford, Oxfordshire OX3 8HP3
£240K03/210.34 mi5, Edgecombe Road, Headington, Oxford, Oxfordshire OX3 9HA3
£542.5K12/220.34 mi44, Binswood Avenue, Headington, Oxford, Oxfordshire OX3 8NZ3
£575K01/230.35 mi39, Downside Road, Headington, Oxford, Oxfordshire OX3 8HP3
£365K01/230.38 mi125, Sherwood Place, Headington, Oxford, Oxfordshire OX3 9RN3
£500K02/210.39 mi36, Stile Road, Headington, Oxford, Oxfordshire OX3 8AQ3
£650K06/210.39 mi54, St Annes Road, Headington, Oxford, Oxfordshire OX3 8NL3
£700K04/210.39 mi2, St Annes Road, Headington, Oxford, Oxfordshire OX3 8NL3
£550K02/230.4 mi14, Larkfields, Headington, Oxford, Oxfordshire OX3 8PF3
£367.2K06/210.41 mi92, Stanway Road, Headington, Oxford, Oxfordshire OX3 8HX3
£555K03/210.41 mi29, Holyoake Road, Headington, Oxford, Oxfordshire OX3 8AF3
£355K12/200.43 mi10, Collinwood Road, Headington, Oxford, Oxfordshire OX3 8HJ3

Local Rents

46 rents from £1.4K/mo to £6.2K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£5,20008/240.05 miPitts Road, Headington, Oxford, OX33
£1,75007/240.06 miLondon Road, Headington, OX33
£1,65006/240.09 miQuarry High Street, Headington, OX3 8JT3
£1,95005/240.16 mi-3
£1,95006/240.21 miHeadington, HMO Ready 3/4 Sharers, OX33
£2,00007/240.24 miWeyland Road, Headington, OX33
£2,00011/240.25 mi-3
£1,85012/230.26 mi-3
£1,85006/240.26 mi-3
£1,95009/240.26 mi-3
£1,85007/240.28 miMark Road, Headington, OX3 8PB3
£1,35006/240.3 miMark Road, OX33
£2,30006/240.33 mi-3
£2,00006/240.34 miYork Road, Headington, OX33
£5,95009/240.34 mi-3
£6,20009/240.34 mi-3
£1,90008/240.34 miBinswood Avenue, Headington3
£1,60006/240.35 miHeadington, Oxford, OX33
£1,55007/240.39 miSherwood Place, Headington, OX33
£1,60006/240.39 miBurchester Avenue, Headington, OXFORD3
£1,70003/250.39 mi-3
£1,75008/240.39 mi-3
£1,45006/240.4 miHeadington, Oxford, OX33
£1,60008/240.41 miStanway Road, Headington3
£1,80002/250.42 mi-3
£1,80006/240.43 mi-3
£1,80006/240.43 miStanway Road, Oxford, OX33
£1,90007/240.44 miRock Edge, Headington3
£1,80006/240.45 miCollinwood Road, Oxford3
£2,10006/240.45 mi-3
£1,82002/250.45 mi-3
£1,80006/240.45 miNetherwoods Road, Headington, OX3 8HF3
£1,95007/240.46 miWindmill Road, Headington3
£2,00012/240.47 mi-3
£1,60006/240.48 mi-3
£1,89507/240.48 miStanway Road, Risinghurst, OX33
£1,70008/240.5 miMalford Road, Headington3
£1,80008/240.51 miNorton Close, Headington3
£1,80010/240.51 mi-3
£2,25007/240.52 mi-3
£1,90008/240.57 miWoodman Villas, New High Street, Headington, Oxford3
£2,10008/240.57 miWoodman Villas, New High Street, Headington, OX3 7AT3
£1,85007/240.57 miWilberforce Street, Headington, OX33
£2,10009/240.58 miWilberforce street, Headington, OX3 7AN3
£1,60006/240.59 miShaftesbury Road, Barton3
£1,89509/240.61 miLaurel Farm Close, Old Headington, OX33

Local Area Statistics

Population in OX3

43,429

Population in Oxford

160,498

Town centre distance

2.51 miles away

Nearest school

0.30 miles away

Nearest train station

3.08 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £444,950

June 13, 2024

Sold for £94,000

1999

Floor Plans

Description

  • Three bedrooms +
  • Two reception rooms +
  • Conservatory +
  • Garden to rear +
  • Off street parking +
  • No forward chain +

A three bedroom semi detached house in need of complete refurbishment.

The accommodation comprises, sitting room, dining room, kitchen, conservatory and W.C. to the ground floor.

The first floor offers three bedrooms (3rd bedroom is a single or could be used as a study) and family bathroom.

Generous size rear garden and parking to the front.

Additional Material Information:

Electricity Supply: Mains
Gas: Mains
Water Supply: Mains
Sewerage: Mains
Heating: Gas Central
Parking: Driveway parking
Flood Risk: Further information is available via the Gov.uk website

All information given is to the best of our knowledge at the time of writing based on information provided by the seller and additional research, albeit we would always recommend seeking confirmation as part of buyer’s due diligence and the conveyancing/survey process.

Headington is a suburb east of Oxford at the top of Headington Hill overlooking the city. It borders Marston to the north-west, Cowley to the south, & Barton & Risinghurst to the east. Headington itself has many amenities including local supermarkets, whole foods, shops, bars & restaurants & access to the London coach link.

There are also four local hospitals & there are a number of green spaces including Headington Hill Park, Bury Knowle Park & South Park for leisurely walks.
Central Headington is just a 10 minute walk with local shops & amenities & London coach link.

Just a short walk of the Headington hospitals, shops & weekly farmers market. Close to stops for the London coach link & local buses.
A convenient location for access to central Headington shops, hospitals & bus routes to the city centre.

Also easy access to the ring road for access to the Oxford Business Park, Science Park and BMW Plant. Within easy reach of supermarkets, shops & gyms. To check broadband and mobile phone coverage please visit Ofcom here ofcom.org.uk/phones-telecoms-and-internet/advice-for-consumers/advice/ofcom-checker

Agent Details

Finders Keepers Inspired Sales & Acquisitions, Oxford

01865 638880

Next Steps?

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