4 Bed Bungalow, Refurb/BRRR, Oxford, OX1 5RR, £425,000

Cranbrook Drive, Kennington, OX1 5RR - 14 views - 7 months ago

Sold STC

Refurb/BRRR

~129 m²

+5 photos

ValuationUndervalued

Sold Prices	£445K - £1000K
Sold Prices/m²	£3.4K/m² - £7.4K/m²

Square Metres	~129.26 m²
Price/m²	£3.3K/m²
Value Estimate	£437,750£437,750
BMV	3%

End Value (After Refurb)	£589,335£589,335
Uplift in Value	+39%+39%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£106,250£106,250
Stamp Duty & Legal Fees	£22,700£22,700
Refurb Costs	£57,691£57,691
Bridging Loan Interest	£11,156£11,156
Total Cash In	£199,548£199,548

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£589,335£589,335
Agent Fees (1%)	£5,893£5,893
Bridging Loan	£318,750£318,750
Bridging Loan Interest	£11,156£11,156
Flip Profit	£65,144£65,144

Local Sold Prices

23 sold prices from £445K to £1000K, average is £600K. £3.4K/m² to £7.4K/m², average is £4.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£509.9K	01/21	0.03 mi	19, Cranbrook Drive, Kennington, Oxford, Oxfordshire OX1 5RR	£4,047	126	4	Detached House
£515K	03/21	0.1 mi	10, Manor Grove, Kennington, Oxford, Oxfordshire OX1 5QY	£4,813	107	4	Detached House
£655K	12/22	0.15 mi	109, The Avenue, Kennington, Oxford, Oxfordshire OX1 5QZ	£5,796	113	4	Detached House
£445K	05/21	0.23 mi	54, Meadow View Road, Kennington, Oxford, Oxfordshire OX1 5QX	-	-	4	Semi-Detached House
£482.5K	09/23	0.23 mi	85, Meadow View Road, Kennington, Oxford, Oxfordshire OX1 5QX	£3,628	133	4	Semi-Detached House
£635K	01/21	0.24 mi	23, Sandford Lane, Kennington, Oxford, Oxfordshire OX1 5RW	£4,635	137	4	Semi-Detached House
£535K	12/20	0.24 mi	39, Sandford Lane, Kennington, Oxford, Oxfordshire OX1 5RW	£4,496	119	4	Detached House
£460K	05/23	0.25 mi	113, Poplar Grove, Kennington, Oxford, Oxfordshire OX1 5QR	-	-	4	Semi-Detached House
£650K	06/21	0.25 mi	15, Simpsons Way, Kennington, Oxford, Oxfordshire OX1 5RZ	£3,988	163	4	Detached House
£520K	01/23	0.26 mi	68, The Avenue, Kennington, Oxford, Oxfordshire OX1 5PR	£5,532	94	4	Detached House
£580K	04/23	0.42 mi	6, Grundy Crescent, Kennington, Oxford, Oxfordshire OX1 5PS	£5,370	108	4	Semi-Detached House
£577K	04/23	0.42 mi	4, Grundy Crescent, Kennington, Oxford, Oxfordshire OX1 5PS	-	-	4	Semi-Detached House
£655K	11/23	0.42 mi	19, Grundy Crescent, Kennington, Oxford, Oxfordshire OX1 5PS	£4,338	151	4	Semi-Detached House
£600K	08/21	0.47 mi	25, Sugworth Crescent, Radley, Abingdon, Oxfordshire OX14 2JR	£3,390	177	4	Detached House
£1000K	10/21	0.49 mi	33, Bagley Wood Road, Kennington, Oxford, Oxfordshire OX1 5LY	-	-	4	Semi-Detached House
£780K	10/23	0.51 mi	140, Church Road, Sandford On Thames, Oxford, Oxfordshire OX4 4YB	£7,358	106	4	Terraced House
£668K	03/21	0.56 mi	105, Church Road, Sandford On Thames, Oxford, Oxfordshire OX4 4YA	£4,639	144	4	Terraced House
£735K	12/22	0.6 mi	221, Kennington Road, Kennington, Oxford, Oxfordshire OX1 5PG	£5,365	137	4	Detached House
£660K	09/22	0.61 mi	14, Woodcroft, Kennington, Oxford, Oxfordshire OX1 5NH	-	-	4	Detached House
£575K	06/21	0.86 mi	113, Kennington Road, Kennington, Oxford, Oxfordshire OX1 5PE	£4,367	132	4	Detached House
£775K	03/23	0.87 mi	96, Kennington Road, Kennington, Oxford, Oxfordshire OX1 5PE	-	-	4	Detached House
£692K	07/23	0.87 mi	135, Kennington Road, Kennington, Oxford, Oxfordshire OX1 5PE	-	-	4	Detached House
£525K	02/21	0.94 mi	12, Sugworth Lane, Radley, Abingdon, Oxfordshire OX14 2HY	£3,671	143	4	Detached House

Local Rents

25 rents from £1.4K/mo to £4.4K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,650	06/24	0.02 mi	Kennington, Oxford, OX1	3	Detached House
£1,800	07/24	0.05 mi	Kennington, Oxford, OX1	3	Bungalow
£1,700	07/24	0.19 mi	Links Road, Kennington, OX1	3	Bungalow
£2,500	07/24	0.31 mi	Curmore, Radley, Abingdon, Oxfordshire, OX14	3	Detached House
£2,100	06/24	0.32 mi	Parkehill, Radley, OX14	3	Detached House
£1,650	06/24	0.4 mi	Further Wore, Radley	3	Terraced House
£2,500	06/24	0.49 mi	-	3	Semi-Detached House
£1,900	07/24	0.74 mi	Kennington, Oxfordshire, OX1	4	Semi-Detached House
£1,700	06/24	0.83 mi	Janaway, Littlemore	3	Flat
£1,700	09/24	0.83 mi	Janaway, Littlemore	3	House
£1,800	07/24	0.87 mi	Kennington Road, Kennington	3	Semi-Detached House
£1,750	08/24	0.89 mi	Bagley Close, Oxfordshire, Oxford	3	Semi-Detached House
£1,950	08/24	0.91 mi	Wycombe Close, Littlemore, OX4	3	Semi-Detached House
£2,250	11/24	0.92 mi	-	4	Semi-Detached House
£2,450	02/24	0.93 mi	-	3	Semi-Detached House
£1,695	07/24	0.94 mi	Sugworth Lane, Radley	3	Semi-Detached House
£2,350	06/24	0.98 mi	Mogridge Drive, East Oxford, OX4	5	Detached House
£1,350	06/24	0.98 mi	Colley Wood Kennington OX1	3	Bungalow
£1,600	06/24	1.08 mi	Clinton Close, East Oxford, OX4	4	Detached House
£2,200	11/24	1.12 mi	-	3	Terraced House
£1,850	07/24	1.12 mi	Williamson Way, OXFORD	3	House
£1,800	02/25	1.15 mi	-	3	Semi-Detached House
£1,700	06/24	1.18 mi	Cottesmore Road, OXFORD, Oxfordshire	3	House
£4,400	04/24	1.21 mi	-	3	Semi-Detached House
£1,900	06/24	1.23 mi	Littlemore, Oxford, OX4	3	Detached House

Local Area Statistics

Population in OX1	25,50825,508
Population in Oxford	160,498160,498
Town centre distance	3.28 miles away3.28 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	1.55 miles away1.55 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+20%+20%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+20%+20%

Property History

Listed for £425,000

August 4, 2024

Floor Plans

Description

For sale with no onward chain, a four bedroom detached bungalow in need of modernisation. +
Gas central heating, UPVC double glazing. +
Family bathroom and separate WC. +
Walking distance to the No.35 bus route serving Abingdon and Oxford. +
Rear garden photos to follow once clearance complete. +

A four bedroom detached bungalow in the village of Kennington. Kennington can be found on the outskirts of South Oxford. There is a primary school, a selection of shops, pub, church and various social clubs. In addition there is regular public transport to both Abingdon and Oxford. Road and rail communications are good with mainline stations at Oxford and Didcot The nearby A34 provides access to the M4 and the M40 motorways.

EPC Rating: E

Agent Details

Simpsons, Abingdon

01235 642158

Next Steps?

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