2 Bed Flat, Single Let, Witney, OX28 1HJ, £200,000

Hailey Road, Witney, Oxfordshire, OX28 1HJ - 5 months ago

Sold STC

Leasehold

BTL

ROI: 2%

~58 m²

+8 photos

ValuationOvervalued

Sold Prices	£84K - £252.3K
Sold Prices/m²	£1.2K/m² - £5.3K/m²

Square Metres	~57.79 m²
Price/m²	£3.5K/m²
Value Estimate	£174,274£174,274

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£50,000£50,000
Stamp Duty & Legal Fees	£11,200£11,200
Total Cash In	£61,200£61,200

Cash Out
Rent Range	£925 - £1,500£925 - £1,500
Rent Estimate	£963
Running Costs/mo	£838£838
Cashflow/mo	£125£125
Cashflow/yr	£1,505£1,505
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

24 sold prices from £84K to £252.3K, average is £202.5K. £1.2K/m² to £5.3K/m², average is £3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£193K	12/20	0.46 mi	41, Bathing Place Court, Witney, Oxfordshire OX28 6FR	£3,509	55	2	Flat
£140K	08/21	0.46 mi	18, Riverside Gardens, Witney, Oxfordshire OX28 6DD	£2,222	63	2	Flat
£185K	11/20	0.46 mi	7, Riverside Gardens, Witney, Oxfordshire OX28 6DD	£2,891	64	2	Flat
£230K	07/21	0.49 mi	Flat 6, 4 Bridge Street Mills, Bridge Street, Witney, Oxfordshire OX28 1FX	-	-	2	Flat
£252.3K	03/21	0.49 mi	Flat 10, 4 Bridge Street Mills, Bridge Street, Witney, Oxfordshire OX28 1FX	-	-	2	Flat
£117.5K	12/22	0.5 mi	45, Priory Mill Lane, Witney, Oxfordshire OX28 1YG	£1,734	68	2	Flat
£210K	05/23	0.5 mi	17, Priory Mill Lane, Witney, Oxfordshire OX28 1YG	£3,246	65	2	Flat
£195K	06/23	0.52 mi	23, New Bridge Street, Witney, Oxfordshire OX28 1YA	-	-	2	Flat
£225K	11/22	0.54 mi	6, Mead Lane, Witney, Oxfordshire OX28 1YD	£4,104	55	2	Flat
£184K	05/21	0.54 mi	1, Windrush Quay, Witney, Oxfordshire OX28 1YL	£2,115	87	2	Flat
£227.5K	06/21	0.54 mi	7, Windrush Quay, Witney, Oxfordshire OX28 1YL	£3,016	75	2	Flat
£235K	08/22	0.58 mi	1, Fox Close, Hailey, Witney, Oxfordshire OX29 9XL	£4,519	52	2	Flat
£220K	10/22	0.59 mi	2, Windrush Quay, Witney, Oxfordshire OX28 1YL	£3,385	65	2	Flat
£170K	12/20	0.61 mi	17, Dark Lane, Witney, Oxfordshire OX28 6LE	£2,742	62	2	Flat
£180K	11/20	0.61 mi	21, Dark Lane, Witney, Oxfordshire OX28 6LE	£2,951	61	2	Flat
£195K	08/23	0.64 mi	20, Waine Rush View, Witney, Oxfordshire OX28 4WX	£3,222	61	2	Flat
£175K	06/21	0.67 mi	16, Marriotts Walk, Witney, Oxfordshire OX28 6GX	£2,713	65	2	Flat
£210.9K	12/22	0.67 mi	25, Marriotts Walk, Witney, Oxfordshire OX28 6GX	£3,979	53	2	Flat
£210K	11/21	0.89 mi	216, Corn Street, Witney, Oxfordshire OX28 6DA	£3,231	65	2	Flat
£84K	10/22	0.9 mi	30, Wilkinson Place, Witney, Oxfordshire OX28 6JT	£1,183	71	2	Flat
£215K	10/20	0.9 mi	12, Wilkinson Place, Witney, Oxfordshire OX28 6JT	£2,829	76	2	Flat
£104.7K	01/21	0.9 mi	24, Wilkinson Place, Witney, Oxfordshire OX28 6JT	£1,689	62	2	Flat
£220K	12/22	0.91 mi	11, Grey Lane, Witney, Oxfordshire OX28 1FN	£3,841	57	2	Flat
£220K	12/22	0.96 mi	220, Corn Street, Witney, Oxfordshire OX28 6DA	£5,344	41	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,500	06/24	0.07 mi	Hailey Road, Witney	2	Flat
£1,000	08/24	0.14 mi	Eastfield Court, Witney, Oxfordshire, OX28	2	Flat
£1,200	06/24	0.28 mi	West End, Witney, OX28 1NJ	2	Terraced House
£1,400	07/24	0.3 mi	West End, Witney, OX28	2	Terraced House
£1,400	08/24	0.36 mi	Woodgreen, Witney, Oxfordshire, OX28	2	Semi-Detached House
£1,200	08/24	0.41 mi	Woodford Mill, Witney	2	Flat
£1,200	06/24	0.43 mi	Bathing Place Lane, Witney	2	Terraced House
£1,200	06/24	0.43 mi	Bathing Place Lane, Witney	2	Terraced House
£1,200	07/24	0.43 mi	Bathing Place Lane, Witney	2	Terraced House
£1,200	08/24	0.43 mi	Bathing Place Lane, Witney	2	Terraced House
£1,200	08/24	0.43 mi	Bathing Place Lane, Witney	2	Terraced House
£1,200	09/24	0.43 mi	Bathing Place Lane, Witney	2	Terraced House
£1,250	09/24	0.46 mi	Meadow Lane, Witney	2	Flat
£1,275	06/24	0.46 mi	-	2	Flat
£1,300	04/25	0.46 mi	-	2	Flat
£1,200	07/24	0.46 mi	Bathing Place Court, Witney	2	Flat
£1,400	06/24	0.46 mi	Mill Street, Witney, OX28	2	Flat
£1,400	07/24	0.47 mi	Stenter Mews, Witney	2	Flat
£1,350	08/24	0.47 mi	Stenter Mews, Witney	2	Flat
£1,500	04/25	0.48 mi	-	2	Semi-Detached House
£1,300	06/24	0.49 mi	Stenter Lane, Witney, OX28	2	Flat
£1,325	08/24	0.5 mi	Stenter Lane, Witney, Oxfordshire	2	Semi-Detached House
£1,200	07/24	0.52 mi	New Bridge Street, Witney, OX28	2	Flat
£1,200	07/24	0.54 mi	Mead Lane, Witney	2	Flat
£1,135	07/24	0.54 mi	33 Ashcombe Crescent, Witney, Oxfordshire	2	Flat
£1,090	08/24	0.54 mi	33 Ashcombe Crescent, Witney, Oxfordshire	2	Flat
£1,070	08/24	0.54 mi	33 Ashcombe Crescent, Witney, Oxfordshire	2	Flat
£1,070	09/24	0.54 mi	33 Ashcombe Crescent, Witney, Oxfordshire	2	Flat
£1,070	09/24	0.54 mi	33 Ashcombe Crescent, Witney, Oxfordshire	2	Flat
£1,300	07/24	0.57 mi	Marsh Walk, Witney	2	Flat
£1,155	07/24	0.6 mi	New Bridge Street, Witney, Oxfordshire	2	Flat
£1,155	07/24	0.6 mi	New Bridge Street, Witney, Oxfordshire	2	Flat
£1,155	07/24	0.6 mi	New Bridge Street, Witney, Oxfordshire	2	Flat
£1,200	08/24	0.6 mi	Mead Lane, Witney, Oxfordshire	2	Flat
£1,200	08/24	0.6 mi	Mead Lane, Witney, Oxfordshire	2	Flat
£925	08/24	0.61 mi	High Street, Witney, Oxfordshire, OX28	2	Flat

Local Area Statistics

Population in OX28	27,57627,576
Population in Witney	50,63250,632
Town centre distance	0.57 miles away0.57 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	3.96 miles away3.96 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

Price changed to £200,000

February 20, 2025

Listed for £215,000

November 27, 2024

Floor Plans

Description

No Chain +
Open-Plan Kitchen/Reception Room +
Two Bathrooms +
Spacious Master Bedroom +
Parking Space +
Convenient Location +

Converted two bedroom property offers excellent accommodation on the ground floor of this attractive building. Offered for sale with communal parking and no chain.

Entered into the open-plan sitting room/kitchen with good range of fitted units and some integrated appliances. Hallway leading to two spacious bedrooms, master with en suite shower room and large bay window, second bedroom and family bathroom.

The property has a share of the freehold and the contributes towards the costs of maintaining the communal areas. Lease is 993 years and estimate of the charges is in the region of
£300 - £400 per year. Please consult your solicitor for full details.

Please call us to discuss the property in more detail or to book a viewing.

Agent Details

Scottfraser, Witney

01993 225872

Next Steps?

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