3 Bed Semi-Detached House, Refurb/BRRR, Oxford, OX3 0HP, £450,000

Weldon Road, Marston, OX3 0HP - 4 views - 4 months ago

Sold STC

Refurb/BRRR

~93 m²

+10 photos

ValuationFair Value

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Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£112,500£112,500
Stamp Duty & Legal Fees	£24,700£24,700
Refurb Costs	£41,600£41,600
Bridging Loan Interest	£11,813£11,813
Total Cash In	£192,363£192,363

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£523,600£523,600
Mortgage (After Refinance)	£392,700£392,700
Mortgage LTV	75%75%
Cash Released	£55,200£55,200
Cash Left In	£137,162£137,162
Equity	£130,900£130,900
Rent Range	£1,500 - £3,500£1,500 - £3,500
Rent Estimate	£2,066
Running Costs/mo	£2,069£2,069
Cashflow/mo	£-3£-3
Cashflow/yr	£-41£-41
Gross Yield	6%6%

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Local Rents

38 rents from £1.5K/mo to £3.5K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,750	07/24	0.05 mi	Hayes Close, Marston, Oxford, OX3	3	Semi-Detached House
£1,500	09/24	0.1 mi	Farmer Place, Oxford, OX3	3	Terraced House
£1,800	09/24	0.11 mi	Nicholson Road, Marston, Oxford, OX3	3	Semi-Detached House
£1,800	10/24	0.11 mi	-	3	Semi-Detached House
£1,950	07/24	0.12 mi	Farmer Place, Headington, OX3 0LB	3	Terraced House
£1,900	06/24	0.13 mi	Marston Road, Marston, OXFORD	3	Flat
£1,650	07/24	0.14 mi	Croft Road, Marston, Oxford, OX3 0JZ	3	Terraced House
£1,850	07/24	0.19 mi	Jack Straws Lane, Headington, OX3	3	Semi-Detached House
£2,250	07/24	0.2 mi	Old Marston Road, Oxford, OX3	3	Semi-Detached House
£1,900	08/24	0.21 mi	Edgeway Road, Marston, OX3	3	Terraced House
£1,750	08/24	0.21 mi	Old Marston Road, Marston, OX3	3	Semi-Detached House
£2,300	06/24	0.21 mi	Edgeway Road, Marston, OX3 0HF	3	Terraced House
£3,000	08/24	0.26 mi	Ferry Road, Marston	3	Detached House
£3,000	07/24	0.26 mi	Ferry Road, Marston, OX3	3	Detached House
£3,000	07/24	0.26 mi	Ferry Road, Marston, OX3	3	Detached House
£1,750	07/24	0.27 mi	Edgeway Road, Marston, Oxford, OX3 0HD	3	Semi-Detached House
£1,850	02/25	0.29 mi	-	3	Terraced House
£1,850	08/24	0.29 mi	Lewell Avenue, Marston, Oxford	3	House
£1,900	06/24	0.29 mi	-	3	Semi-Detached House
£2,050	07/24	0.3 mi	-	3	Semi-Detached House
£3,500	12/24	0.31 mi	-	3	Flat
£3,300	02/25	0.31 mi	-	3	Flat
£1,850	05/24	0.31 mi	-	3	Semi-Detached House
£1,650	07/24	0.32 mi	Freeman Court, Marston Road, Oxford, OX3	3	Flat
£2,000	07/24	0.33 mi	Marston	3	Detached House
£1,850	02/25	0.34 mi	-	3	Flat
£1,600	12/24	0.34 mi	-	3	Semi-Detached House
£2,190	06/24	0.4 mi	Marsh Lane, Marston	3	Detached House
£2,190	06/24	0.42 mi	Marsh Lane, Oxford, HMO Ready 3/4 Sharers, OX3	3	Detached House
£1,750	03/24	0.45 mi	Derwent Avenue,Headington,Oxford,OX3	3	Detached House
£1,550	06/24	0.45 mi	Copse Lane, Marston, OX3	3	Detached House
£2,000	08/24	0.45 mi	Derwent Avenue, Marston, OX3	3	Semi-Detached House
£1,750	08/24	0.45 mi	Brookfield Crescent, Marston, OX3	3	Semi-Detached House
£1,900	07/24	0.51 mi	Horseman Close	3	Semi-Detached House
£2,750	07/24	0.52 mi	Eden Drive, Headington, OX3	3	Detached House
£3,000	07/24	0.52 mi	Coniston Avenue, Headington, OX3	3	Semi-Detached House
£2,000	08/24	0.55 mi	Copse Lane, Marston, Oxford, Oxfordshire, OX3 0AY	3	Semi-Detached House
£1,795	07/24	0.55 mi	Coniston Avenue, Headington, Oxford, OX3	3	Terraced House

Local Area Statistics

Population in OX3	43,42943,429
Population in Oxford	160,498160,498
Town centre distance	1.07 miles away1.07 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	1.60 miles away1.60 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+12%+12%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £450,000

November 19, 2024

Floor Plans

Description

Entrance Porch +
Living Room +
Kitchen +
Conservatory +
Three Bedrooms +
First Floor Bathroom +
Integral Garage +
Driveway Parking +
No Onward Chain +

Well-Maintained Three-Bedroom Semi-Detached Home in Marston

Nestled on a quiet no-through road in Marston, this well-cared-for three-bedroom semi-detached home offers a blend of comfort and potential. Although the property could benefit from modernisation, it remains in excellent condition and boasts several desirable features, including a conservatory and an integral garage with a private driveway.

To the rear, you'll find a beautifully enclosed mature garden, mainly laid to lawn, with a hard-standing patio area—perfect for outdoor relaxation or entertaining.

With no onward chain, this property presents an excellent opportunity for those looking to make it their own.

Agent Details

Penny & Sinclair, Oxford

01865 638862

Next Steps?

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

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