7 Bed Detached House, Refurb/BRRR, Witney, OX29 4DW, £2,500,000

Cassington, Witney, Oxfordshire, OX29 4DW - 1 views - 7 months ago

Refurb/BRRR
~217 m²
+19 photos

ValuationOvervalued

Sold Prices£275K - £860K
Sold Prices/m²£3.1K/m² - £6.9K/m²

 

 

Square Metres

~217 m²
Price/m²£11.5K/m²

Value Estimate

£900,550

 

 

End Value (After Refurb)

£870,260

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£625,000

Stamp Duty & Legal Fees

£287,450

Refurb Costs

£94,942

Bridging Loan Interest

£65,625

Total Cash In

£1,074,767

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£870,260

Mortgage (After Refinance)

£652,695

Mortgage LTV

75%

Cash Left In

£1,074,767

Equity

£217,565

Rent Range

£695 - £6,000

Rent Estimate

£1,756

Running Costs/mo

£3,091

Cashflow/mo

£-1,335

Cashflow/yr

£-16,017

Gross Yield

1%

Local Sold Prices

44 sold prices from £275K to £860K, average is £467.5K. £3.1K/m² to £6.9K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£485K03/210.11 miCotswold House, Bell Lane, Cassington, Witney, Oxfordshire OX29 4DS4
£465K10/200.12 mi21, St Peters Close, Cassington, Witney, Oxfordshire OX29 4DX4
£810K03/210.16 miThornfield, The Green, Cassington, Witney, Oxfordshire OX29 4BW4
£440K05/211.22 mi77, Dovehouse Close, Eynsham, Witney, Oxfordshire OX29 4EW4
£385K06/211.27 mi40, Dovehouse Close, Eynsham, Witney, Oxfordshire OX29 4EX4
£345K12/201.28 mi110, Dovehouse Close, Eynsham, Witney, Oxfordshire OX29 4EY4
£425K06/211.31 mi57, Wytham View, Eynsham, Witney, Oxfordshire OX29 4LY4
£433K11/221.37 mi55, Millmoor Crescent, Eynsham, Witney, Oxfordshire OX29 4LW4
£800K10/231.41 miHawthorn House, Hawthorn Road, Eynsham, Witney, Oxfordshire OX29 4NT4
£461K05/211.47 mi25, Hanborough Road, Eynsham, Witney, Oxfordshire OX29 4LS4
£375.5K06/211.47 mi23, Hanborough Road, Eynsham, Witney, Oxfordshire OX29 4LS4
£860K12/201.49 miStonelands, Cassington Road, Yarnton, Kidlington, Oxfordshire OX5 1QD4
£500K01/211.51 miTurnworth, Little Blenheim, Yarnton, Kidlington, Oxfordshire OX5 1LX4
£550K07/231.53 mi67, Mill Street, Eynsham, Witney, Oxfordshire OX29 4JY4
£735K11/201.53 mi6, Church Lane, Yarnton, Kidlington, Oxfordshire OX5 1PY4
£400K01/241.55 mi19, Greens Road, Eynsham, Witney, Oxfordshire OX29 4NQ4
£480K11/231.55 mi8, Stoutsfield Close, Yarnton, Kidlington, Oxfordshire OX5 1NX4
£750K12/201.55 mi16, Stoutsfield Close, Yarnton, Kidlington, Oxfordshire OX5 1NX4
£530K06/231.56 mi1, Stocks Tree Close, Yarnton, Kidlington, Oxfordshire OX5 1LU4
£530K12/231.58 mi47, Rutten Lane, Yarnton, Kidlington, Oxfordshire OX5 1LN4
£399.9K11/201.62 mi8, Evans Road, Eynsham, Witney, Oxfordshire OX29 4QR4
£425K04/231.66 mi56, Evans Road, Eynsham, Witney, Oxfordshire OX29 4QS4
£410K12/201.68 mi139, Rutten Lane, Yarnton, Kidlington, Oxfordshire OX5 1LT4
£520K03/211.68 mi151, Rutten Lane, Yarnton, Kidlington, Oxfordshire OX5 1LT4
£527.5K05/241.68 mi18, Duncan Close, Eynsham, Witney, Oxfordshire OX29 4QH4
£415K11/221.69 mi54, The Garth, Yarnton, Kidlington, Oxfordshire OX5 1NB4
£520K02/211.72 mi7, Abbey Street, Eynsham, Witney, Oxfordshire OX29 4HR4
£437K11/221.75 mi27a, Clover Place, Eynsham, Witney, Oxfordshire OX29 4QN4
£420K10/231.75 mi59, Aysgarth Road, Yarnton, Kidlington, Oxfordshire OX5 1ND4
£275K10/201.78 mi9, Clover Place, Eynsham, Witney, Oxfordshire OX29 4QN4
£370K10/201.84 mi54, Great Close Road, Yarnton, Kidlington, Oxfordshire OX5 1QS4
£715K11/211.86 mi144, Woodstock Road, Yarnton, Kidlington, Oxfordshire OX5 1PW4
£425K03/231.87 mi1, Bernard Close, Yarnton, Kidlington, Oxfordshire OX5 1QP4
£457K12/231.87 mi22, Bernard Close, Yarnton, Kidlington, Oxfordshire OX5 1QP4
£473.5K11/231.87 mi53, Meadow Way, Yarnton, Kidlington, Oxfordshire OX5 1TA4
£385K02/211.87 mi42, Meadow Way, Yarnton, Kidlington, Oxfordshire OX5 1TA4
£765K06/231.88 mi2, Bartholomew Close, Eynsham, Witney, Oxfordshire OX29 4QG4
£550K05/231.88 mi16, Old Witney Road, Eynsham, Witney, Oxfordshire OX29 4PR4
£470K05/231.89 mi21, Great Close Road, Yarnton, Kidlington, Oxfordshire OX5 1QN4
£705K03/211.9 miChilbrook Cottage, Station Road, Eynsham, Witney, Oxfordshire OX29 4HX4
£446.3K06/211.93 miNew House, Chilbridge Road, Eynsham, Witney, Oxfordshire OX29 4BE4
£440K12/221.93 mi8, Marsh Close, Yarnton, Kidlington, Oxfordshire OX5 1QL4
£525K10/231.93 mi33, Old Witney Road, Eynsham, Witney, Oxfordshire OX29 4PT4
£735K09/211.94 mi2, Poppy Close, Yarnton, Kidlington, Oxfordshire OX5 1GZ4

Local Rents

50 rents from £695/mo to £6K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£97506/240.12 miBell Lane, Cassington, Oxfordshire OX291
£1,75006/240.13 miCassington, Oxfordshire, OX293
£1,65006/240.14 mi7 Williams Court, OX29 4FU3
£6,00006/240.17 miManor Farmhouse, Cassington5
£6,00006/240.18 miEynsham Road, Cassington, Witney, Oxfordshire, OX295
£3,60012/240.64 miEynsham Road, OX295
£1,50009/231.43 mi-3
£69506/241.49 miSpareacre Lane, Eynsham, Oxfordshire1
£1,74006/241.5 miGreens Road, Witney, Oxfordshire2
£1,05012/241.5 miAugustine Cottage, Eynsham1
£1,45012/241.54 miSpareacre Lane, Eynsham3
£1,10006/241.55 miSpareacre Lane, Witney1
£1,35006/241.55 miNewland Close, Eynsham3
£1,60007/241.58 mi-3
£1,25006/241.63 miThames Street, Windrush Court, Eynsham, Oxfordshire, OX292
£1,30012/241.63 miThames Street, Windrush Court, Eynsham, Oxfordshire, OX292
£1,65003/251.66 mi-3
£1,40006/241.66 miThe Paddocks, Yarnton, Kidlington, OX52
£1,45006/241.71 miEynsham, Oxforshire, OX292
£92502/241.71 mi-2
£1,85012/241.72 miAbbey Street Eynsham OX294
£1,09506/241.72 miAcre End Street, Eynsham2
£1,25012/241.72 miShakespeare Road Eynsham OX292
£1,05012/231.74 mi-1
£1,45003/241.76 mi-4
£1,80006/241.76 miFletcher Close, Kidlington3
£1,55008/241.76 mi-3
£1,55009/241.77 mi-3
£2,00006/241.8 miYarnton, Oxfordshire, OX53
£1,75012/241.8 miYarnton, Oxfordshire, OX53
£1,30006/241.81 miThe Garth, Yarnton OX52
£1,50006/241.82 miYarnton, Oxfordshire, OX52
£95006/241.83 miWoodstock Road Flat D, Yarnton, Kidlington1
£1,10006/241.84 miThe Garth, Yarnton1
£5,00009/241.85 miWytham, Oxford, Oxfordshire, OX25
£1,75006/241.85 miThe Garth, Yarnton4
£1,75012/241.85 miThe Garth, Yarnton4
£1,70006/241.87 miBernard Close, Yarnton, OX53
£1,65006/241.87 miMeadow Way, Yarnton2
£85006/241.9 miStation Road, Eynsham1
£3,00003/251.98 mi-1
£1,15006/241.98 miSouthfield Road, Eynsham, OX292
£2,35006/241.99 miYarnton, Oxfordshire, OX55
£1,80012/242 miThornbury Road, Eynsham3
£1,10006/242.01 miSouthfield Road, Eynsham, OX292
£1,80006/242.05 miSpring Hill Road, Begbroke3
£1,75007/242.18 miWebbs Close, Wolvercote2
£1,30008/242.18 miWebbs Close, Oxford, OX21
£1,20006/242.18 miWebbs Close, Oxford, Oxfordshire, OX21
£3,00002/252.22 mi-3

Local Area Statistics

Population in OX29

23,056

Population in Witney

50,632

Town centre distance

6.27 miles away

Nearest school

0.10 miles away

Nearest train station

2.54 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+7%

Property History

Listed for £2,500,000

September 9, 2024

Floor Plans

Description

  • 7 bedrooms +
  • 4 reception rooms +
  • 3 bathrooms +
  • Period +
  • Detached +
  • Garden +
  • Village +

A beautiful and characterful former Vicarage of just under 7000sqft with gated driveway, integral double garage, outbuilding and swimming pool surrounded by stunning gardens set next to the village green less than six miles from Estelle Manor, Woodstock, The Dragon School, Central Oxford and Oxford Parkway Station.

Believed to have been rebuilt in 1793 as a square farmhouse of two storeys with attics. It continued to be used as a farmhouse until 1888 when it was greatly enlarged by the vicar, Godrey Faussett, who bought land to extend the site and encased the old house in a new building. A dominant feature of the garden is the huge mulberry tree planted by Faussett during the renovation of the Vicarage.

Gardens and Grounds
Externally, the property benefits from electric gates, opening into an extensive parking area, and a double garage. A dining terrace adjoins the house and looks out over the delightfully secluded gardens which surround the house. There is also the benefit of a swimming pool.

The magnificent oak staircase and the oriel window over the staircase were gifts from Christ Church Deanery to the Vicarage. Faussett was a great friend of H.G. Liddell, the Dean of Christ Church. He was also the father of Alice for whom Charles L. Dodson (better known by his pen name 'Lewis Carroll') wrote “Alice in Wonderland”. As Dodson was a don at Christ Church and the three men were good friends, it is imagined that Alice and her siblings might have been regular visitors to the vicarage.

Viewings:
All viewings strictly by appointment only through the vendor's sole selling agents, Knight Frank LLP.

Additional Information
Mobile Coverage:
Please look at the Ofcom website for more information

Cassington is a lovely village of mostly cottages centred with a village green just a few miles from Oxford, situated between the larger villages to Yarnton and Eynsham.

It has a well-regarded Primary School, a fine Parish Church with Norman origins, two public houses an excellent, modern village hall, a plant nursery, playing fields, tennis courts and allotments.

Conveniently situated almost equidistant between Oxford and Witney, the village's popularity has further increased due to its close proximity to the Long Hanborough and Oxford Parkway railway stations which both connect with London.

Situation Times and distances are approximate.

Agent Details

Knight Frank, Oxford

01865 638863

Next Steps?

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