2 Bed Flat, Single Let, Witney, OX28 1FZ, £220,000

Park View Lane, Witney, OX28 1FZ - 6 months ago

Leasehold

BTL

ROI: 4%

~68 m²

+5 photos

ValuationOvervalued

Sold Prices	£84K - £302K
Sold Prices/m²	£1.2K/m² - £5.3K/m²

Square Metres	~68.11 m²
Price/m²	£3.2K/m²
Value Estimate	£200,983£200,983

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£55,000£55,000
Stamp Duty & Legal Fees	£7,800£7,800
Total Cash In	£62,800£62,800

Cash Out
Rent Range	£925 - £1,500£925 - £1,500
Rent Estimate	£1,166
Running Costs/mo	£941£941
Cashflow/mo	£225£225
Cashflow/yr	£2,704£2,704
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

32 sold prices from £84K to £302K, average is £199K. £1.2K/m² to £5.3K/m², average is £3.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£220K	12/22	0.13 mi	11, Grey Lane, Witney, Oxfordshire OX28 1FN	£3,841	57	2	Flat
£225K	11/22	0.5 mi	6, Mead Lane, Witney, Oxfordshire OX28 1YD	£4,104	55	2	Flat
£195K	06/23	0.52 mi	23, New Bridge Street, Witney, Oxfordshire OX28 1YA	-	-	2	Flat
£117.5K	12/22	0.56 mi	45, Priory Mill Lane, Witney, Oxfordshire OX28 1YG	£1,734	68	2	Flat
£210K	05/23	0.56 mi	17, Priory Mill Lane, Witney, Oxfordshire OX28 1YG	£3,246	65	2	Flat
£220K	10/22	0.57 mi	2, Windrush Quay, Witney, Oxfordshire OX28 1YL	£3,385	65	2	Flat
£184K	05/21	0.58 mi	1, Windrush Quay, Witney, Oxfordshire OX28 1YL	£2,115	87	2	Flat
£227.5K	06/21	0.58 mi	7, Windrush Quay, Witney, Oxfordshire OX28 1YL	£3,016	75	2	Flat
£230K	07/21	0.6 mi	Flat 6, 4 Bridge Street Mills, Bridge Street, Witney, Oxfordshire OX28 1FX	-	-	2	Flat
£252.3K	03/21	0.6 mi	Flat 10, 4 Bridge Street Mills, Bridge Street, Witney, Oxfordshire OX28 1FX	-	-	2	Flat
£195K	08/23	0.63 mi	20, Waine Rush View, Witney, Oxfordshire OX28 4WX	£3,222	61	2	Flat
£140K	08/21	0.71 mi	18, Riverside Gardens, Witney, Oxfordshire OX28 6DD	£2,222	63	2	Flat
£185K	11/20	0.71 mi	7, Riverside Gardens, Witney, Oxfordshire OX28 6DD	£2,891	64	2	Flat
£175K	06/21	0.83 mi	16, Marriotts Walk, Witney, Oxfordshire OX28 6GX	£2,713	65	2	Flat
£210.9K	12/22	0.83 mi	25, Marriotts Walk, Witney, Oxfordshire OX28 6GX	£3,979	53	2	Flat
£193K	12/20	0.92 mi	41, Bathing Place Court, Witney, Oxfordshire OX28 6FR	£3,509	55	2	Flat
£170K	12/20	0.95 mi	17, Dark Lane, Witney, Oxfordshire OX28 6LE	£2,742	62	2	Flat
£180K	11/20	0.95 mi	21, Dark Lane, Witney, Oxfordshire OX28 6LE	£2,951	61	2	Flat
£252K	11/21	1.18 mi	Flat 59, Fernleigh, Buttercross Lane, Witney, Oxfordshire OX28 4DZ	-	-	2	Flat
£220K	12/22	1.19 mi	220, Corn Street, Witney, Oxfordshire OX28 6DA	£5,344	41	2	Flat
£210K	11/21	1.21 mi	216, Corn Street, Witney, Oxfordshire OX28 6DA	£3,231	65	2	Flat
£235K	08/22	1.32 mi	1, Fox Close, Hailey, Witney, Oxfordshire OX29 9XL	£4,519	52	2	Flat
£84K	10/22	1.36 mi	30, Wilkinson Place, Witney, Oxfordshire OX28 6JT	£1,183	71	2	Flat
£215K	10/20	1.36 mi	12, Wilkinson Place, Witney, Oxfordshire OX28 6JT	£2,829	76	2	Flat
£104.7K	01/21	1.36 mi	24, Wilkinson Place, Witney, Oxfordshire OX28 6JT	£1,689	62	2	Flat
£198K	09/22	1.38 mi	14a, Beechgate, Witney, Oxfordshire OX28 4JL	-	-	2	Flat
£180K	06/21	1.38 mi	41, Beechgate, Witney, Oxfordshire OX28 4JL	£3,520	51	2	Flat
£200K	11/21	1.38 mi	38, Beechgate, Witney, Oxfordshire OX28 4JL	£3,175	63	2	Flat
£161K	11/21	1.38 mi	22, Beechgate, Witney, Oxfordshire OX28 4JL	£2,981	54	2	Flat
£232.5K	07/23	1.68 mi	51, Painswick Close, Witney, Oxfordshire OX28 5FX	£4,749	49	2	Flat
£180K	01/21	1.76 mi	345a, Thorney Leys, Witney, Oxfordshire OX28 5NP	£3,673	49	2	Flat
£302K	10/22	1.8 mi	39, Broadway Close, Witney, Oxfordshire OX28 5GG	£3,922	77	2	Flat

Local Rents

37 rents from £925/mo to £1.5K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,300	08/24	0.1 mi	Park View Road, Witney	2	Terraced House
£1,200	07/24	0.14 mi	Grey Lane, Witney	2	Flat
£1,200	08/24	0.15 mi	Kingfisher Court, Northfield Farm Lane, Witney, OX28 1UF	2	Flat
£1,250	03/24	0.18 mi	Flat 1 Miller House, Northfield Farm Lane, Witney, OX28 1UD	2	Flat
£1,200	08/24	0.21 mi	Grey Lane, Witney, Oxfordshire	2	Flat
£1,250	07/24	0.28 mi	Cherry Tree Court, WITNEY	2	House
£1,050	06/24	0.29 mi	Harvest Grove, Madley Park	2	Flat
£1,200	02/24	0.3 mi	-	2	Flat
£1,330	06/24	0.3 mi	Harvest Grove, Witney, Oxfordshire	2	Flat
£1,285	08/24	0.3 mi	Harvest Grove, Witney, Oxfordshire	2	Flat
£1,250	07/24	0.3 mi	Harvest Grove, WITNEY	2	Flat
£1,500	04/25	0.31 mi	-	2	Semi-Detached House
£1,395	06/24	0.32 mi	-	2	Terraced House
£1,250	07/24	0.32 mi	1 Harvest Grove, Madley Park, Witney, Oxon, OX28 1FD	2	Flat
£1,200	06/24	0.32 mi	4 Harvest Grove, Witney, Oxfordshire	2	Flat
£1,200	06/24	0.32 mi	Harvest Grove, Witney, Oxfordshire	2	Flat
£925	08/24	0.32 mi	4 Harvest Grove, Witney, Oxfordshire	2	Flat
£1,250	03/25	0.32 mi	-	2	Flat
£1,400	07/24	0.33 mi	Madley Brook Lane, Witney	2	Terraced House
£1,250	09/24	0.33 mi	Campion Way, Witney	2	Terraced House
£1,200	09/23	0.35 mi	-	2	Flat
£1,200	07/24	0.35 mi	-	2	Flat
£1,200	06/24	0.35 mi	Harvest Way, Witney, OX28	2	Flat
£1,275	09/24	0.43 mi	-	2	Flat
£1,275	08/24	0.43 mi	Woodley House, Witney, OX28	2	Flat
£1,200	09/23	0.45 mi	-	2	Flat
£1,275	06/24	0.48 mi	34 Woodley Green, Witney, Oxfordshire	2	Flat
£1,250	07/24	0.49 mi	34 Woodley Green, Witney, Oxfordshire, OX28	2	Flat
£1,200	07/24	0.5 mi	Mead Lane, Witney	2	Flat
£1,155	07/24	0.51 mi	New Bridge Street, Witney, Oxfordshire	2	Flat
£1,155	07/24	0.51 mi	New Bridge Street, Witney, Oxfordshire	2	Flat
£1,155	07/24	0.51 mi	New Bridge Street, Witney, Oxfordshire	2	Flat
£1,200	08/24	0.51 mi	Mead Lane, Witney, Oxfordshire	2	Flat
£1,200	08/24	0.51 mi	Mead Lane, Witney, Oxfordshire	2	Flat
£1,400	08/24	0.51 mi	Woodgreen, Witney, Oxfordshire, OX28	2	Semi-Detached House
£1,300	07/24	0.52 mi	Marsh Walk, Witney	2	Flat
£1,200	07/24	0.52 mi	New Bridge Street, Witney, OX28	2	Flat

Local Area Statistics

Population in OX28	27,57627,576
Population in Witney	50,63250,632
Town centre distance	0.90 miles away0.90 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	4.33 miles away4.33 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-2%-2%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+7%+7%

Property History

Listed for £220,000

October 11, 2024

Floor Plans

Description

Leasehold Term 150 years from 01/10/2004 +
Two Bedrooms +
Bathroom +
Living Room +
Kitchen +
Ground Floor +
Sold With No Onwards Chain +

Property Description

A well presented ground floor two bedroom apartment accessed through its own front door, complete with open plan living/kitchen/diner, parking, bathroom and sold with no onwards chain

Property Details

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Agent Details

Chancellors, Witney

01993 225913

Next Steps?

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2 Bed Flat, Single Let, Witney, OX28 1FZ, £220,000

ValuationOvervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

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Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

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