2 Bed Flat, Single Let, Witney, OX28 6GU, £195,000

Woodford Way, Witney, OX28 6GU - 4 views - 10 months ago

Leasehold

BTL

ROI: 4%

~67 m²

+6 photos

ValuationUndervalued

Sold Prices	£84K - £302K
Sold Prices/m²	£1.2K/m² - £5.3K/m²

Square Metres	~66.50 m²
Price/m²	£2.9K/m²
Value Estimate	£205,826£205,826
BMV	6%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£48,750£48,750
Stamp Duty & Legal Fees	£7,050£7,050
Total Cash In	£55,800£55,800

Cash Out
Rent Range	£925 - £1,650£925 - £1,650
Rent Estimate	£1,000
Running Costs/mo	£829£829
Cashflow/mo	£171£171
Cashflow/yr	£2,048£2,048
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

31 sold prices from £84K to £302K, average is £198K. £1.2K/m² to £5.3K/m², average is £3.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£175K	06/21	0.06 mi	16, Marriotts Walk, Witney, Oxfordshire OX28 6GX	£2,713	65	2	Flat
£210.9K	12/22	0.06 mi	25, Marriotts Walk, Witney, Oxfordshire OX28 6GX	£3,979	53	2	Flat
£170K	12/20	0.11 mi	17, Dark Lane, Witney, Oxfordshire OX28 6LE	£2,742	62	2	Flat
£180K	11/20	0.11 mi	21, Dark Lane, Witney, Oxfordshire OX28 6LE	£2,951	61	2	Flat
£140K	08/21	0.21 mi	18, Riverside Gardens, Witney, Oxfordshire OX28 6DD	£2,222	63	2	Flat
£185K	11/20	0.21 mi	7, Riverside Gardens, Witney, Oxfordshire OX28 6DD	£2,891	64	2	Flat
£193K	12/20	0.24 mi	41, Bathing Place Court, Witney, Oxfordshire OX28 6FR	£3,509	55	2	Flat
£195K	08/23	0.26 mi	20, Waine Rush View, Witney, Oxfordshire OX28 4WX	£3,222	61	2	Flat
£230K	07/21	0.28 mi	Flat 6, 4 Bridge Street Mills, Bridge Street, Witney, Oxfordshire OX28 1FX	-	-	2	Flat
£252.3K	03/21	0.28 mi	Flat 10, 4 Bridge Street Mills, Bridge Street, Witney, Oxfordshire OX28 1FX	-	-	2	Flat
£184K	05/21	0.29 mi	1, Windrush Quay, Witney, Oxfordshire OX28 1YL	£2,115	87	2	Flat
£227.5K	06/21	0.29 mi	7, Windrush Quay, Witney, Oxfordshire OX28 1YL	£3,016	75	2	Flat
£220K	10/22	0.31 mi	2, Windrush Quay, Witney, Oxfordshire OX28 1YL	£3,385	65	2	Flat
£210K	05/23	0.32 mi	17, Priory Mill Lane, Witney, Oxfordshire OX28 1YG	£3,246	65	2	Flat
£117.5K	12/22	0.32 mi	45, Priory Mill Lane, Witney, Oxfordshire OX28 1YG	£1,734	68	2	Flat
£210K	11/21	0.34 mi	216, Corn Street, Witney, Oxfordshire OX28 6DA	£3,231	65	2	Flat
£220K	12/22	0.34 mi	220, Corn Street, Witney, Oxfordshire OX28 6DA	£5,344	41	2	Flat
£195K	06/23	0.36 mi	23, New Bridge Street, Witney, Oxfordshire OX28 1YA	-	-	2	Flat
£225K	11/22	0.37 mi	6, Mead Lane, Witney, Oxfordshire OX28 1YD	£4,104	55	2	Flat
£84K	10/22	0.49 mi	30, Wilkinson Place, Witney, Oxfordshire OX28 6JT	£1,183	71	2	Flat
£215K	10/20	0.49 mi	12, Wilkinson Place, Witney, Oxfordshire OX28 6JT	£2,829	76	2	Flat
£104.7K	01/21	0.49 mi	24, Wilkinson Place, Witney, Oxfordshire OX28 6JT	£1,689	62	2	Flat
£252K	11/21	0.63 mi	Flat 59, Fernleigh, Buttercross Lane, Witney, Oxfordshire OX28 4DZ	-	-	2	Flat
£198K	09/22	0.73 mi	14a, Beechgate, Witney, Oxfordshire OX28 4JL	-	-	2	Flat
£180K	06/21	0.73 mi	41, Beechgate, Witney, Oxfordshire OX28 4JL	£3,520	51	2	Flat
£200K	11/21	0.73 mi	38, Beechgate, Witney, Oxfordshire OX28 4JL	£3,175	63	2	Flat
£161K	11/21	0.73 mi	22, Beechgate, Witney, Oxfordshire OX28 4JL	£2,981	54	2	Flat
£232.5K	07/23	0.85 mi	51, Painswick Close, Witney, Oxfordshire OX28 5FX	£4,749	49	2	Flat
£180K	01/21	0.95 mi	345a, Thorney Leys, Witney, Oxfordshire OX28 5NP	£3,673	49	2	Flat
£302K	10/22	0.95 mi	39, Broadway Close, Witney, Oxfordshire OX28 5GG	£3,922	77	2	Flat
£220K	12/22	0.99 mi	11, Grey Lane, Witney, Oxfordshire OX28 1FN	£3,841	57	2	Flat

Local Rents

50 rents from £925/mo to £1.6K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,200	07/24	0.01 mi	Woodford Way, Witney, Oxfordshire, OX28	2	Flat
£1,150	07/24	0.01 mi	Woodford Way, Witney, Oxfordshire, OX28	2	Flat
£1,000	02/24	0.04 mi	-	2	Flat
£1,295	09/24	0.04 mi	Welch Way, Witney	2	Flat
£1,050	06/24	0.07 mi	Marriotts Walk, Witney	2	Flat
£1,400	06/24	0.11 mi	Admiral Court, Witney	2	Flat
£1,575	06/24	0.11 mi	Admiral Court, Witney	2	Flat
£1,350	09/24	0.11 mi	Admiral Court, Dark Lane, Witney	2	Flat
£1,300	08/24	0.12 mi	Tower Hill, Witney, OX28	2	Flat
£1,135	07/24	0.13 mi	33 Ashcombe Crescent, Witney, Oxfordshire	2	Flat
£1,090	08/24	0.13 mi	33 Ashcombe Crescent, Witney, Oxfordshire	2	Flat
£1,070	08/24	0.13 mi	33 Ashcombe Crescent, Witney, Oxfordshire	2	Flat
£1,070	09/24	0.13 mi	33 Ashcombe Crescent, Witney, Oxfordshire	2	Flat
£1,070	09/24	0.13 mi	33 Ashcombe Crescent, Witney, Oxfordshire	2	Flat
£925	08/24	0.17 mi	High Street, Witney, Oxfordshire, OX28	2	Flat
£1,100	06/24	0.18 mi	Central Witney	2	Terraced House
£1,200	06/24	0.18 mi	High Street, Witney	2	Flat
£1,400	06/24	0.18 mi	Mill Street, Witney, OX28	2	Flat
£1,150	06/24	0.19 mi	Worley Walk, High Street, Witney, OX28	2	Flat
£1,250	07/24	0.21 mi	Market Square, 8B Market Square, Witney	2	Flat
£1,200	06/24	0.21 mi	High Street, Witney, OX28	2	Flat
£1,000	06/24	0.23 mi	-	2	Terraced House
£1,200	08/24	0.23 mi	Woodford Mill, Witney	2	Flat
£1,450	06/24	0.24 mi	Corn Street, Witney, Oxfordshire, OX28	2	Terraced House
£1,200	07/24	0.24 mi	Bathing Place Court, Witney	2	Flat
£1,275	06/24	0.24 mi	-	2	Flat
£1,300	04/25	0.24 mi	-	2	Flat
£1,250	07/24	0.25 mi	Corn Street, Witney	2	Flat
£1,000	06/24	0.25 mi	Corn Street, Witney	2	Flat
£1,325	08/24	0.26 mi	Stenter Lane, Witney, Oxfordshire	2	Semi-Detached House
£1,500	08/24	0.26 mi	Corn Street, Witney, OX28	2	Terraced House
£1,200	10/24	0.26 mi	-	2	Flat
£1,150	03/25	0.27 mi	-	2	Terraced House
£1,400	06/24	0.27 mi	Jones Mews. Corn Street, Witney	2	Flat
£1,650	08/24	0.27 mi	Corn Street, Witney	2	Semi-Detached House
£1,650	08/24	0.27 mi	Olive Court Witney OX28	2	Semi-Detached House
£1,250	09/24	0.27 mi	Meadow Lane, Witney	2	Flat
£1,300	06/24	0.28 mi	Stenter Lane, Witney, OX28	2	Flat
£1,500	08/24	0.3 mi	Corn Street, Witney, Oxfordshire, OX28	2	Terraced House
£1,400	07/24	0.3 mi	Stenter Mews, Witney	2	Flat
£1,350	08/24	0.3 mi	Stenter Mews, Witney	2	Flat
£1,450	07/24	0.3 mi	Corn Street, Witney	2	Terraced House
£1,450	07/24	0.3 mi	Corn Street, Witney	2	Terraced House
£1,200	06/24	0.31 mi	Bathing Place Lane, Witney	2	Terraced House
£1,200	06/24	0.31 mi	Bathing Place Lane, Witney	2	Terraced House
£1,200	07/24	0.31 mi	Bathing Place Lane, Witney	2	Terraced House
£1,200	08/24	0.31 mi	Bathing Place Lane, Witney	2	Terraced House
£1,200	08/24	0.31 mi	Bathing Place Lane, Witney	2	Terraced House
£1,200	09/24	0.31 mi	Bathing Place Lane, Witney	2	Terraced House
£1,195	04/24	0.33 mi	-	2	Flat

Local Area Statistics

Population in OX28	27,57627,576
Population in Witney	50,63250,632
Town centre distance	0.10 miles away0.10 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	4.60 miles away4.60 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-2%-2%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+7%+7%

Property History

Price changed to £195,000

September 26, 2024

Listed for £199,000

June 19, 2024

Floor Plans

Description

Leasehold Term 125 years from 01/01/2009 +
Two Bedrooms +
Bathroom +
Living Room +
Kitchen +
Ground Floor +
Leasehold +
Sold With No Onwards Chain +
Lease Term: 125 Years From 1st January 2009 +
Awaiting Clients Approval on Marketing +

Property Description

A well presented two bedroom ground floor apartment positioned centrally in Witney with shops on your doorsteps and public transport near by. currently being offered for sale with no onwards chain

Property Details

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Agent Details

Chancellors, Witney

01993 225913

Next Steps?

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