3 Bed Terraced House, Refurb/BRRR, Chinnor, OX39 4JG, £315,000

3 1 1 D Ravensmead, Chinnor, OX39 - 12 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~84 m²
+9 photos

ValuationFair Value

Sold Prices£155K - £575K
Sold Prices/m²£2.1K/m² - £6.2K/m²

 

 

Square Metres

~84.18 m²
Price/m²£3.7K/m²

Value Estimate

£315,000

 

 

End Value (After Refurb)

£387,671

Uplift in Value

+23%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£78,750

Stamp Duty & Legal Fees

£13,900

Refurb Costs

£39,169

Bridging Loan Interest

£8,269

Total Cash In

£141,838

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£387,671

Mortgage (After Refinance)

£290,753

Mortgage LTV

75%

Cash Released

£54,503

Cash Left In

£87,335

Equity

£96,918

Rent Range

£995 - £6,000

Rent Estimate

£1,911

Running Costs/mo

£1,614

Cashflow/mo

£297

Cashflow/yr

£3,564

ROI

3%

Gross Yield

7%

Local Sold Prices

51 sold prices from £155K to £575K, average is £380K. £2.1K/m² to £6.2K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£335K12/210 mi19, Ravensmead, Chinnor, Oxfordshire OX39 4JG3
£320K10/200.01 mi9, Ravensmead, Chinnor, Oxfordshire OX39 4JG3
£290K03/210.01 mi22, Ravensmead, Chinnor, Oxfordshire OX39 4JG3
£350K06/210.01 mi14, Ravensmead, Chinnor, Oxfordshire OX39 4JG3
£365K07/230.01 mi15, Ravensmead, Chinnor, Oxfordshire OX39 4JG3
£380K06/230.01 mi24, Ravensmead, Chinnor, Oxfordshire OX39 4JG3
£352K10/220.03 mi17, Ravensmead, Chinnor, Oxfordshire OX39 4JG3
£411K11/200.04 mi7, Glynswood, Chinnor, Oxfordshire OX39 4JA3
£430K07/210.06 mi82, Station Road, Chinnor, Oxfordshire OX39 4HA3
£375K01/230.07 mi17, Greenwood Meadow, Chinnor, Oxfordshire OX39 4JQ3
£380K09/220.09 miIvy Bank Cottage, 63, Station Road, Chinnor, Oxfordshire OX39 4EX3
£340K11/220.09 mi7, Oak End Way, Chinnor, Oxfordshire OX39 4JJ3
£350K11/220.09 mi6, Oak End Way, Chinnor, Oxfordshire OX39 4JJ3
£390K08/200.09 mi9, Oakley Road, Chinnor, Oxfordshire OX39 4HZ3
£475K03/210.09 mi71, Station Road, Chinnor, Oxfordshire OX39 4EX3
£275K10/200.09 mi6, Oak End Way, Chinnor, Oxfordshire OX39 4JJ3
£278.5K06/210.09 mi21, Oak End Way, Chinnor, Oxfordshire OX39 4JJ3
£350K02/230.09 mi19, Oak End Way, Chinnor, Oxfordshire OX39 4JJ3
£352K03/210.1 mi9, Timber Way, Chinnor, Oxfordshire OX39 4EU3
£343.5K07/220.11 mi9, Oak End Way, Chinnor, Oxfordshire OX39 4JJ3
£500K11/230.12 mi8a, Church Lane, Chinnor, Oxfordshire OX39 4PW3
£285K10/200.13 mi43, Greenwood Meadow, Chinnor, Oxfordshire OX39 4JH3
£358K08/210.13 mi61, Greenwood Meadow, Chinnor, Oxfordshire OX39 4JH3
£155K06/210.13 mi37, Greenwood Meadow, Chinnor, Oxfordshire OX39 4JH3
£325K10/230.13 mi24, Greenwood Meadow, Chinnor, Oxfordshire OX39 4JH3
£398K02/230.13 mi38, Glynswood, Chinnor, Oxfordshire OX39 4JE3
£419K01/230.13 mi55, Glynswood, Chinnor, Oxfordshire OX39 4JE3
£375K09/210.14 mi16, Glynswood, Chinnor, Oxfordshire OX39 4JE3
£485K07/230.15 mi20, Orchard Way, Chinnor, Oxfordshire OX39 4UD3
£379K09/200.17 mi7, Lime Grove, Chinnor, Oxfordshire OX39 4PN3
£340K07/210.17 mi8, Lime Grove, Chinnor, Oxfordshire OX39 4PN3
£400K03/230.17 mi9, Lime Grove, Chinnor, Oxfordshire OX39 4PN3
£188.6K08/230.19 mi27, Glimbers Grove, Chinnor, Oxfordshire OX39 4HF3
£419K04/240.2 mi43, Station Road, Chinnor, Oxfordshire OX39 4PU3
£370K03/210.2 mi57, Cherry Tree Road, Chinnor, Oxfordshire OX39 4QZ3
£445K03/230.2 mi19, The Avenue, Chinnor, Oxfordshire OX39 4PA3
£394K03/210.21 mi75, Cherry Tree Road, Chinnor, Oxfordshire OX39 4QZ3
£405K08/230.21 mi54, Cherry Tree Road, Chinnor, Oxfordshire OX39 4QZ3
£405K08/230.21 mi54, Cherry Tree Road, Chinnor, Oxfordshire OX39 4QZ3
£418K06/210.21 mi9, Glimbers Grove, Chinnor, Oxfordshire OX39 4HE3
£425K07/230.23 mi47, The Avenue, Chinnor, Oxfordshire OX39 4PE3
£441K08/230.23 mi46, The Avenue, Chinnor, Oxfordshire OX39 4PE3
£459.9K08/210.23 mi11, The Avenue, Chinnor, Oxfordshire OX39 4PE3
£410K09/210.24 mi3, Hillwerke, Chinnor, Oxfordshire OX39 4TX3
£500K12/220.24 mi20, Musgrave Road, Chinnor, Oxfordshire OX39 4PL3
£575K08/230.24 mi15, Musgrave Road, Chinnor, Oxfordshire OX39 4PL3
£320K09/200.25 mi8, Fox Cover, Chinnor, Oxfordshire OX39 4TH3
£420K09/230.25 mi10, Fox Cover, Chinnor, Oxfordshire OX39 4TH3
£365K09/200.25 mi5, Upper Field, Chinnor, Oxfordshire OX39 4JW3
£575K12/230.25 mi7, Rectory Meadow, Chinnor, Oxfordshire OX39 4PJ3
£380K04/230.26 mi7, Upper Field, Chinnor, Oxfordshire OX39 4JW3

Local Rents

20 rents from £995/mo to £6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,09511/230.06 mi-2
£99508/240.07 mi-1
£1,30012/240.1 miTimber Way, Chinnor, Oxon, OX392
£1,30003/240.11 mi-2
£1,22506/240.12 miSwallowtail Road, Chinnor, Oxfordshire, OX391
£2,40012/240.16 miChurch Road, Chinnor, OX394
£1,10006/240.19 miGlimbers Grove, Chinnor, OX391
£1,30006/240.26 mi-2
£1,30006/240.27 mi15 Claremont Place, Chinnor2
£1,20006/240.27 mi-2
£1,27506/240.31 miClaremont Place, Chinnor2
£1,55012/240.44 miCowleaze, Chinnor, Oxfordshire, OX392
£1,70006/240.88 miCrowell, Chinnor, Oxfordshire, OX393
£1,45012/241.2 miFarm Place, Henton, Chinnor, Oxfordshire, OX392
£2,75006/241.23 miCrowell Hill, Chinnor, Oxon3
£2,60006/241.48 miSprigs Holly, Chinnor, Oxfordshire, OX393
£4,99512/241.79 miForty Green, Bledlow9
£6,00012/242.03 miKingston Grove, Kingston Hill, Chinnor, Oxfordshire6
£1,30006/242.1 miAston Rowant2
£1,37512/242.24 mi-2

Local Area Statistics

Population in OX39

6,878

Town centre distance

0.10 miles away

Nearest school

0.30 miles away

Nearest train station

3.06 miles away

 

 

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+7%

Property History

Listed for £315,000

September 2, 2024

Sold for £170,000

2006

Sold for £90,000

1999

Floor Plans

Description

  • Three Bedroom Home +
  • No Onward Chain +
  • In Need of Modernisation +
  • Large Living/Dining Room +
  • Driveway & Single Garage +
  • Garden Front & Rear +
  • Sought-After Village Location +
  • Council Tax - Band C +

A three-bedroom terraced home located in the highly desirable village of Chinnor. This property, in need of modernisation, presents an excellent opportunity for a buyer to customize and make it their own. The home features three generously-sized bedrooms, front and rear gardens, a garage, and off-road parking. Offered with no onward chain, this is a fantastic chance to create your ideal home in a sought-after location.

Ground Floor:
Entrance hall, spacious living room with front aspect, dining room, with patio doors to the garden and kitchen with a range of base and eye level units.

First Floor:
Landing with loft access, three well-proportioned bedrooms with built in wardrobes to the master along with a family bathroom.

Outside:
Spacious garden to the front, with pathway leading to the front door. To the rear, an enclosed and sunny garden with access to the garage and parking area.

Material Information*:
Tenure - Freehold
Council Tax – Band C
EPC Rating - D
Broadband - Gfast Fibre Broadband
Parking - Off Road Parking
Sewerage - Mains
Heating - Oil Central Heating
*Information regarding council tax and EPC is sourced directly from the UK Government websites. Any tenure information and subsequent charges are provided to the best of our vendor’s knowledge. Type of broadband is sourced from the 'Openreach fibre checker' website and indications on available internet speeds and mobile phone coverage can be found using Ofcom's 'mobile & broadband checker'. Please seek independent legal advice for any further clarification.

The Location
Chinnor and its surrounding hamlets are part of the ancient chain of villages following the spring line at the foot of the Chiltern escarpment.
With a population of around 7000, the village offers good local shopping facilities including a Supermarket, Village store, Post Office, Bakery and Pharmacy. There are also Doctors & Dentists, Hairdressers, Sports Fields, play areas for children and a selection of Public Houses, two Indian Restaurants, a Chinese takeaway and Fish & Chip shop. A superb Village centre has also been created, providing a coffee shop, day care for the elderly, a youth centre and a wide range of services and activities.

The M40 motorway (Junction 6) is only 3 miles from Chinnor and provides excellent road links to both Oxford (15 miles) and London (30 miles). The Oxford Tube stop is extremely popular with commuters.
Princes Risborough station is only 4 miles away with an excellent commuter bus link, which operates on the Chiltern Line providing services to both Birmingham Moor Street and London Marylebone. There is also a regular bus service to Thame, High Wycombe and Oxford.

Chinnor is served by two Primary Schools, The Mill Lane School and St Andrews School. Local secondary schools are the Lord Williams in Thame (5 miles) and The Icknield School, Watlington (6 miles).

Disclaimer:
We are required by law to conduct anti-money laundering checks on all those selling or buying a property. Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy. The cost of these checks is £75 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable. We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.
Parkers Estate Agents endeavour to ensure any sales particulars produced are both accurate and reliable, however they do not constitute part of any offer or contract. All measurements supplied are for guidance only and are not precise. Additionally any services, fixtures or fittings have not been tested by us and it is in the buyers interest to establish their condition or efficiency, and it is advised buyers obtain verification from their appointed solicitor as to the confirmed legal title of the property.

Agent Details

Parkers Estate Agents, Chinnor

01844 393252

Next Steps?

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