4 Bed HMO, Oxford, OX3 0ND, £525,000

83 Cherwell Drive, Oxfordshire, OX3 0ND - 5 views - 8 months ago

HMO
Planning
ROI: 3%
~77 m²
+3 photos

ValuationOvervalued

Sold Prices£387K - £1.9M
Sold Prices/m²£3.4K/m² - £10.6K/m²

 

 

Square Metres

~77.40 m²
Price/m²£6.8K/m²

Value Estimate

£414,643

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£131,250

Stamp Duty & Legal Fees

£30,700

Total Cash In

£161,950

 

 

Cash Out

 

Room Rate

£802

Gross Rent

£3,208

Running Costs/mo

£2,870

Cashflow/mo

£338

Cashflow/yr

£4,051

ROI

3%

Gross Yield

7%

Local Sold Prices

41 sold prices from £387K to £1.9M, average is £683K. £3.4K/m² to £10.6K/m², average is £5.4K/m².

PriceDateDistanceAddressBeds 
£565K10/210.08 mi16, Gordon Close, Marston, Oxford, Oxfordshire OX3 0RG4
£706K04/230.09 mi30, Ewin Close, Marston, Oxford, Oxfordshire OX3 0NE4
£650K10/230.18 mi18, Ashlong Road, Headington, Oxford, Oxfordshire OX3 0NH4
£686.5K06/210.22 mi45, Ouseley Close, Marston, Oxford, Oxfordshire OX3 0JS4
£502K02/210.27 mi26, Cavendish Drive, Marston, Oxford, Oxfordshire OX3 0SD4
£400K06/210.27 mi19, Old Marston Road, Marston, Oxford, Oxfordshire OX3 0JR4
£950K06/210.33 mi9, White Hart, Old Marston, Oxford, Oxfordshire OX3 0PL4
£570K12/200.35 mi392, Marston Road, Marston, Oxford, Oxfordshire OX3 0JD4
£650K04/230.36 mi2, Crotch Crescent, Marston, Oxford, Oxfordshire OX3 0JJ4
£650K12/220.37 mi45, Crotch Crescent, Marston, Oxford, Oxfordshire OX3 0JL4
£450K09/230.38 mi8, Derwent Avenue, Headington, Oxford, Oxfordshire OX3 0AP4
£440K09/220.43 mi7, Lynn Close, Marston, Oxford, Oxfordshire OX3 0JH4
£412K03/210.43 mi11, Coniston Avenue, Headington, Oxford, Oxfordshire OX3 0AN4
£637.5K12/220.45 mi11, Goodson Walk, Marston, Oxford, Oxfordshire OX3 0HX4
£725K07/230.47 mi12, Bowness Avenue, Headington, Oxford, Oxfordshire OX3 0AJ4
£387K08/230.48 mi23, Borrowmead Road, Headington, Oxford, Oxfordshire OX3 9QW4
£483K11/220.49 mi13, Borrowmead Road, Headington, Oxford, Oxfordshire OX3 9QW4
£730K10/200.5 mi25, Purcell Road, Marston, Oxford, Oxfordshire OX3 0HB4
£575K12/230.5 mi72, Coniston Avenue, Headington, Oxford, Oxfordshire OX3 0AW4
£698K08/230.56 mi1, Westrup Close, Marston, Oxford, Oxfordshire OX3 0HZ4
£683K11/200.58 mi17, Eden Drive, Headington, Oxford, Oxfordshire OX3 0AB4
£960K03/210.58 mi24, Eden Drive, Headington, Oxford, Oxfordshire OX3 0AB4
£450K03/210.58 mi31, Borrowmead Road, Headington, Oxford, Oxfordshire OX3 9QP4
£450K03/210.58 mi31, Borrowmead Road, Headington, Oxford, Oxfordshire OX3 9QP4
£950K12/200.6 mi117, Jack Straws Lane, Headington, Oxford, Oxfordshire OX3 0DW4
£425K11/200.62 mi13, Stainfield Road, Headington, Oxford, Oxfordshire OX3 9DH4
£770K11/220.62 mi19, Mary Price Close, Headington, Oxford, Oxfordshire OX3 0LN4
£733K08/230.64 mi259, Marston Road, Marston, Oxford, Oxfordshire OX3 0EW4
£505K11/200.65 mi118, Ferry Road, Marston, Oxford, Oxfordshire OX3 0EX4
£1.1M06/230.69 mi2, Rolfe Place, Headington, Oxford, Oxfordshire OX3 0DS4
£655K05/210.7 mi41, Edgeway Road, Marston, Oxford, Oxfordshire OX3 0HD4
£992.7K05/210.73 mi29, Ferry Road, Marston, Oxford, Oxfordshire OX3 0ET4
£1.4M08/220.75 mi20, Feilden Grove, Headington, Oxford, Oxfordshire OX3 0DU4
£1.2M10/210.76 mi1, Feilden Grove, Headington, Oxford, Oxfordshire OX3 0DU4
£1.2M03/210.76 mi36, Feilden Grove, Headington, Oxford, Oxfordshire OX3 0DU4
£1.0M01/230.76 mi7, Feilden Grove, Headington, Oxford, Oxfordshire OX3 0DU4
£1.2M09/230.78 mi48, Staunton Road, Headington, Oxford, Oxfordshire OX3 7TP4
£450K03/210.81 mi80, Foxwell Drive, Headington, Oxford, Oxfordshire OX3 9QF4
£865K11/200.86 mi7, Dunstan Road, Headington, Oxford, Oxfordshire OX3 9BY4
£1.4M05/210.9 mi42, Charlbury Road, Oxford, Oxfordshire OX2 6UX4
£1.9M10/200.95 mi54, Park Town, Oxford, Oxfordshire OX2 6SJ4

Local Area Statistics

Population in OX3

43,429

Population in Oxford

160,498

Town centre distance

1.39 miles away

Nearest school

0.10 miles away

Nearest train station

1.87 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £525,000

July 11, 2024

Sold for £269,000

2010

Floor Plans

Description

  • Sold with no onward chain +
  • HMO for four +
  • Driveway parking for multiple vehicles +
  • Front and rear gardens +
  • Potential to extend to side and rear STPP +

Property Description

Sold with no chain, currently with a HMO license for four offering a garage and good plot which offers potential to extend subject to necessary planning permissions. The property is well positioned for the John Radcliffe hospital and well regarded schools. Potential residential or investment.

Agent Details

Chancellors, Headington

01865 638261

Next Steps?

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