3 Bed Detached House, Refurb/BRRR, Oxford, OX3 0ET, £550,000

Ferry Road, Oxford, OX3 0ET - 9 months ago

Refurb/BRRR
~80 m²
+7 photos

ValuationOvervalued

Sold Prices£340K - £700K
Sold Prices/m²£4.1K/m² - £9.6K/m²

 

 

Square Metres

~80 m²
Price/m²£6.9K/m²

Value Estimate

£439,299

 

 

End Value (After Refurb)

£542,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£43,700

Refurb Costs

£35,785

Bridging Loan Interest

£14,438

Total Cash In

£233,172

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£542,500

Mortgage (After Refinance)

£406,875

Mortgage LTV

75%

Cash Left In

£233,172

Equity

£135,625

Rent Range

£1,500 - £3,500

Rent Estimate

£2,233

Running Costs/mo

£2,162

Cashflow/mo

£71

Cashflow/yr

£852

Gross Yield

5%

Local Sold Prices

50 sold prices from £340K to £700K, average is £464K. £4.1K/m² to £9.6K/m², average is £5.7K/m².

PriceDateDistanceAddressBeds 
£525K11/200 mi7, Ferry Road, Marston, Oxford, Oxfordshire OX3 0ET3
£463K12/200.06 mi242, Marston Road, Marston, Oxford, Oxfordshire OX3 0EL3
£550K10/230.08 mi33, Ferry Road, Marston, Oxford, Oxfordshire OX3 0EU3
£575K08/230.1 mi263, Marston Road, Marston, Oxford, Oxfordshire OX3 0EW3
£515K03/210.13 mi64, Edgeway Road, Marston, Oxford, Oxfordshire OX3 0HE3
£625K06/230.14 mi13, Hugh Allen Crescent, Marston, Oxford, Oxfordshire OX3 0HL3
£500K01/210.14 mi39, Hugh Allen Crescent, Marston, Oxford, Oxfordshire OX3 0HL3
£520K02/210.14 mi89, Edgeway Road, Marston, Oxford, Oxfordshire OX3 0HF3
£597K03/230.14 mi32, Hugh Allen Crescent, Marston, Oxford, Oxfordshire OX3 0HN3
£580K10/200.14 mi12, Hugh Allen Crescent, Marston, Oxford, Oxfordshire OX3 0HN3
£512.5K08/230.14 mi48, Hugh Allen Crescent, Marston, Oxford, Oxfordshire OX3 0HN3
£510K06/210.16 mi27, William Street, Marston, Oxford, Oxfordshire OX3 0ES3
£585K09/230.16 mi32, William Street, Marston, Oxford, Oxfordshire OX3 0ER3
£559.5K10/230.17 mi16, Peacock Road, Headington, Oxford, Oxfordshire OX3 0DQ3
£590K06/230.17 mi106, Ferry Road, Marston, Oxford, Oxfordshire OX3 0EX3
£680K10/220.17 mi78a, Ferry Road, Marston, Oxford, Oxfordshire OX3 0EX3
£405K02/210.19 mi8, Westrup Close, Marston, Oxford, Oxfordshire OX3 0HZ3
£700K10/220.21 mi10, Prichard Road, Headington, Oxford, Oxfordshire OX3 0DG3
£540K01/230.21 mi1, Prichard Road, Headington, Oxford, Oxfordshire OX3 0DG3
£470K08/210.22 mi22, Nicholson Road, Marston, Oxford, Oxfordshire OX3 0HW3
£445K07/230.22 mi7, Parry Close, Marston, Oxford, Oxfordshire OX3 0HY3
£550K03/210.23 mi317, Marston Road, Marston, Oxford, Oxfordshire OX3 0EP3
£445K03/210.26 mi22, Weldon Road, Marston, Oxford, Oxfordshire OX3 0HP3
£431.2K04/240.28 mi8, Purcell Road, Marston, Oxford, Oxfordshire OX3 0HB3
£445K09/200.28 mi14, Purcell Road, Marston, Oxford, Oxfordshire OX3 0HB3
£414K12/200.28 mi39, Purcell Road, Marston, Oxford, Oxfordshire OX3 0HB3
£428K03/230.29 mi48, Weldon Road, Marston, Oxford, Oxfordshire OX3 0HP3
£463K12/220.29 mi58, Weldon Road, Marston, Oxford, Oxfordshire OX3 0HP3
£407K11/200.3 mi3, Heather Place, Marston, Oxford, Oxfordshire OX3 0LG3
£360K02/210.3 mi8, Heather Place, Marston, Oxford, Oxfordshire OX3 0LG3
£340K05/210.32 mi15, Stainer Place, Marston, Oxford, Oxfordshire OX3 0LE3
£450K11/200.33 mi2, Doris Field Close, Headington, Oxford, Oxfordshire OX3 0DP3
£420K11/210.38 mi68, Crotch Crescent, Marston, Oxford, Oxfordshire OX3 0JN3
£441K08/210.41 mi386, Marston Road, Marston, Oxford, Oxfordshire OX3 0JD3
£430K10/200.41 mi48, Croft Road, Marston, Oxford, Oxfordshire OX3 0LA3
£500K05/210.42 mi69, Croft Road, Marston, Oxford, Oxfordshire OX3 0JZ3
£385K06/210.42 mi17, Croft Road, Marston, Oxford, Oxfordshire OX3 0JZ3
£445K12/200.47 mi29, Rippington Drive, Marston, Oxford, Oxfordshire OX3 0RJ3
£340K11/200.48 mi28, Old Marston Road, Marston, Oxford, Oxfordshire OX3 0JP3
£515K02/240.5 mi25, Cherwell Street, Oxford, Oxfordshire OX4 1BG3
£432.5K02/230.5 mi18, Cherwell Street, Oxford, Oxfordshire OX4 1BG3
£398K12/220.51 mi28, Old Marston Road, Marston, Oxford, Oxfordshire OX3 0JP3
£458K10/210.51 mi11, Fairfax Avenue, Marston, Oxford, Oxfordshire OX3 0RP3
£465K11/230.51 mi15, Fairfax Avenue, Marston, Oxford, Oxfordshire OX3 0RP3
£520K12/200.52 mi3, Dudley Gardens, Oxford, Oxfordshire OX4 1BH3
£645K03/230.53 mi2, Dudley Gardens, Oxford, Oxfordshire OX4 1BH3
£440K01/240.53 mi18, Nicholas Avenue, Marston, Oxford, Oxfordshire OX3 0RN3
£415K01/210.53 mi20, Nicholas Avenue, Marston, Oxford, Oxfordshire OX3 0RN3
£430K04/210.53 mi14, Nicholas Avenue, Marston, Oxford, Oxfordshire OX3 0RN3
£515K09/220.53 mi12, Nicholas Avenue, Marston, Oxford, Oxfordshire OX3 0RN3

Local Rents

41 rents from £1.5K/mo to £3.5K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£1,90006/240.02 mi-3
£1,75007/240.02 miEdgeway Road, Marston, Oxford, OX3 0HD3
£3,00007/240.05 miFerry Road, Marston, OX33
£3,00007/240.05 miFerry Road, Marston, OX33
£3,00008/240.08 miFerry Road, Marston3
£1,90008/240.12 miEdgeway Road, Marston, OX33
£2,30006/240.14 miEdgeway Road, Marston, OX3 0HF3
£1,80009/240.18 miNicholson Road, Marston, Oxford, OX33
£1,80010/240.18 mi-3
£1,75007/240.26 miHayes Close, Marston, Oxford, OX33
£1,85007/240.29 miJack Straws Lane, Headington, OX33
£1,50009/240.33 miFarmer Place, Oxford, OX33
£1,90006/240.35 miMarston Road, Marston, OXFORD3
£1,95007/240.4 miFarmer Place, Headington, OX3 0LB3
£1,65007/240.42 miCroft Road, Marston, Oxford, OX3 0JZ3
£2,25007/240.48 miOld Marston Road, Oxford, OX33
£1,75008/240.49 miOld Marston Road, Marston, OX33
£2,40006/240.52 miPark View, Marston Road3
£2,77506/240.52 miPark View3
£2,77506/240.52 miPark View3
£1,90006/240.53 miCherwell Street, St Clements, OX43
£2,25006/240.53 miCherwell Street, East Oxford, Oxford, OX43
£2,00007/240.55 miMarston3
£1,65007/240.55 miFreeman Court, Marston Road, Oxford, OX33
£1,85002/250.55 mi-3
£3,50012/240.56 mi-3
£3,30002/250.56 mi-3
£1,85008/240.58 miLewell Avenue, Marston, Oxford3
£2,99509/240.58 mi-3
£3,25007/240.58 miLondon Place, Oxford, OX43
£2,99508/240.58 miLondon Place, Oxford, OX43
£2,25006/240.58 miWilson Place, Cave Street3
£2,40008/240.58 miWilson Place, Cave Street3
£2,40008/240.58 miWilson Place, Cave Street3
£2,25006/240.58 miWilson Place, Cave Street3
£2,25006/240.58 miWilson Place, Cave Street3
£1,60012/240.58 mi-3
£1,85005/240.59 mi-3
£2,05007/240.59 mi-3
£2,10006/240.61 miSt. Clements Street3
£1,85002/250.61 mi-3

Local Area Statistics

Population in OX3

43,429

Population in Oxford

160,498

Town centre distance

0.94 miles away

Nearest school

0.10 miles away

Nearest train station

1.49 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £550,000

June 17, 2024

Floor Plans

Description

  • Entrance hall +
  • Living room +
  • Sitting room +
  • Kitchen +
  • Downstairs shower room +
  • Three bedrooms +
  • Rear garden +
  • Street parking +
  • EPC Rating: F +
  • Council Tax Band: D +

A three bedroom detached house in need of modernisation situated in this popular and convenient road. No onward chain.

The accommodation comprises, entrance hall, living room, sitting room, kitchen, rear lobby and shower room. On the first floor three bedrooms.

Outside, enclosed front garden with side access leading to the rear garden being laid predominately to lawn and useful outbuilding.

According to Ofcom, Standard, Superfast and Ultrafast broadband are available and you are likely to have limited mobile and voice and data coverage indoors and outdoors.

Ferry Road is positioned off Marston Road at the southern end of Marston approximately 3/4 of a mile by road to the city centre via St Clements Street and Magdalen Bridge. There is a recreation ground to the north and an attractive walk/cycle via Mesopotamia Walk over the River Cherwell to Parks Road and University Parks. The Headington hospitals and Oxford Brookes University are also within a mile of the property.

There is a newsagent at the end of the road along with a public house and nursery school. Old Marston Road is half a mile to the south and has a Co-op store, chemist and post office.

Agent Details

Thomas Merrifield, Oxford

01865 638790

Next Steps?

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