6 Bed HMO, Oxford, OX4 2PY, £525,000

15 James Wolfe Road, Oxfordshire, OX4 2PY - 5 views - 6 months ago

HMO

ROI: 9%

112 m²

+5 photos

ValuationFair Value

Sold Prices	£510K - £2.6M
Sold Prices/m²	£4.3K/m² - £9.3K/m²

Square Metres	112 m²
Price/m²	£4.7K/m²
Value Estimate	£526,233£526,233

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£131,250£131,250
Stamp Duty & Legal Fees	£30,700£30,700
Total Cash In	£161,950£161,950

Cash Out
Room Rate	£750£750
Gross Rent	£4,500£4,500
Running Costs/mo	£3,325£3,325
Cashflow/mo	£1,175£1,175
Cashflow/yr	£14,104£14,104
ROI	9%9%
Gross Yield	10%10%

Local Sold Prices

13 sold prices from £510K to £2.6M, average is £850K. £4.3K/m² to £9.3K/m², average is £4.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£510K	09/23	0.38 mi	88, Dene Road, Headington, Oxford, Oxfordshire OX3 7EG	£4,722	108	6	Semi-Detached House
£975K	05/21	1.21 mi	7, Lewis Close, Headington, Oxford, Oxfordshire OX3 8JD	£4,577	213	6	Detached House
£850K	11/22	1.31 mi	5, New Cross Road, Headington, Oxford, Oxfordshire OX3 8LP	£5,247	162	6	Semi-Detached House
£575K	10/22	1.34 mi	27, Horwood Close, Headington, Oxford, Oxfordshire OX3 7RF	£4,675	123	6	Terraced House
£1.3M	10/20	1.55 mi	28, Sandfield Road, Headington, Oxford, Oxfordshire OX3 7RJ	£6,345	197	6	Detached House
£715K	09/22	1.58 mi	11, James Street, Oxford, Oxfordshire OX4 1ET	£4,441	161	6	Detached House
£2.2M	04/22	1.59 mi	60, Church Way, Iffley, Oxford, Oxfordshire OX4 4EF	-	-	6	Detached House
£520K	06/23	2.08 mi	68, Derwent Avenue, Headington, Oxford, Oxfordshire OX3 0AS	£4,522	115	6	Terraced House
£760K	10/20	2.3 mi	16, Vicarage Lane, Oxford, Oxfordshire OX1 4RQ	£4,270	178	6	Semi-Detached House
£880K	05/21	2.64 mi	57, Ladder Hill, Wheatley, Oxford, Oxfordshire OX33 1HY	£4,843	182	6	Detached House
£1.1M	01/21	2.64 mi	The Spinney, 59, Ladder Hill, Wheatley, Oxford, Oxfordshire OX33 1HY	-	-	6	Detached House
£800K	12/20	2.84 mi	97, High Street, Wheatley, Oxford, Oxfordshire OX33 1XP	-	-	6	Terraced House
£2.6M	10/20	2.89 mi	23, Norham Road, Oxford, Oxfordshire OX2 6SF	£9,331	284	6	Semi-Detached House

Local Area Statistics

Population in OX4	61,98561,985
Population in Oxford	160,498160,498
Town centre distance	2.54 miles away2.54 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	3.03 miles away3.03 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+4%+4%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+13%+13%

Property History

Listed for £525,000

September 19, 2024

Sold for £247,500

2008

Sold for £127,500

2000

Floor Plans

Description

Entrance Hallway +
Dining Room +
Kitchen +
2 Bathrooms +
HMO License For 6 +
Walking Distance To Local Amenities +
Offered With No Onward Chain +

Property Description

This 6 double bedroom HMO property benefits from two bathrooms, two receptions rooms and driveway parking. The house has access to the local business parks, BMW plant and local hospitals and universities.

Agent Details

Chancellors, East Oxford

01865 638977

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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