3 Bed Semi-Detached House, Refurb/BRRR, Witney, OX29 6XN, £325,000

Station Road, South Leigh, Witney, Oxfordshire, OX29 6XN - 2 views - 5 months ago

Sold STC
Refurb/BRRR
~93 m²
+13 photos

ValuationFair Value

Sold Prices£260K - £750K
Sold Prices/m²£2.3K/m² - £6.7K/m²

 

 

Square Metres

~93 m²
Price/m²£3.5K/m²

Value Estimate

£325,000

 

 

End Value (After Refurb)

£381,651

Uplift in Value

+17%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£40,690

Bridging Loan Interest

£8,531

Total Cash In

£146,921

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£381,651

Mortgage (After Refinance)

£286,238

Mortgage LTV

75%

Cash Released

£42,488

Cash Left In

£104,433

Equity

£95,413

Rent Range

£700 - £4,250

Rent Estimate

£1,237

Running Costs/mo

£1,460

Cashflow/mo

£-223

Cashflow/yr

£-2,677

Gross Yield

5%

Local Sold Prices

38 sold prices from £260K to £750K, average is £347.5K. £2.3K/m² to £6.7K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£750K02/230.35 mi67, Church End, South Leigh, Witney, Oxfordshire OX29 6UR3
£605K10/210.41 miBeacons View, Chapel Road, South Leigh, Witney, Oxfordshire OX29 6UP3
£480K11/201.55 miHighcroft, Oxford Hill, Witney, Oxfordshire OX29 6UT3
£335K05/211.65 mi65, Blakes Avenue, Witney, Oxfordshire OX28 3SU3
£320K09/211.67 mi48, Eton Close, Witney, Oxfordshire OX28 3GA3
£335K01/211.71 mi146, Blakes Avenue, Witney, Oxfordshire OX28 3UD3
£380K10/221.72 mi111, Manor Road, Witney, Oxfordshire OX28 3UF3
£370K11/231.78 mi125, Manor Road, Witney, Oxfordshire OX28 3UF3
£532K01/211.79 miSouth Lodge, Cokethorpe Park, Ducklington, Witney, Oxfordshire OX29 7PX3
£384K04/231.82 mi6, Larkspur Grove, Witney, Oxfordshire OX28 1AL3
£310K11/201.84 mi56, Wadards Meadow, Witney, Oxfordshire OX28 3YJ3
£310K11/201.84 mi56, Wadards Meadow, Witney, Oxfordshire OX28 3YJ3
£350K12/211.84 mi139, Harvest Way, Witney, Oxfordshire OX28 1AH3
£362K10/231.84 mi131, Harvest Way, Witney, Oxfordshire OX28 1AH3
£360K12/201.84 mi35, Larch Lane, Witney, Oxfordshire OX28 1AG3
£405K11/231.84 mi26, Oxlease, Witney, Oxfordshire OX28 3QX3
£270K03/211.85 mi100, Oxlease, Witney, Oxfordshire OX28 3QU3
£290K06/211.85 mi114, Oxlease, Witney, Oxfordshire OX28 3QU3
£350K12/221.88 mi53, Waterford Road, Witney, Oxfordshire OX28 1GD3
£322.5K11/201.88 mi63, Waterford Road, Witney, Oxfordshire OX28 1GD3
£447.5K12/221.9 mi22, Cogges Hill Road, Witney, Oxfordshire OX28 3FP3
£310K12/201.9 mi7, Northfield Road, Witney, Oxfordshire OX28 1FY3
£370K09/211.9 mi335, Manor Road, Witney, Oxfordshire OX28 3UQ3
£337K03/231.91 mi34, Cogges Hill Road, Witney, Oxfordshire OX28 3FP3
£345K10/231.91 mi1b, Judds Close, Witney, Oxfordshire OX28 2JY3
£350K04/231.91 mi18, Waterford Road, Witney, Oxfordshire OX28 1FF3
£300K03/211.91 mi40, Waterford Road, Witney, Oxfordshire OX28 1FF3
£300K06/211.91 mi18, Waterford Road, Witney, Oxfordshire OX28 1FF3
£350K06/231.91 mi40, Waterford Road, Witney, Oxfordshire OX28 1FF3
£260K01/211.93 mi90, Wadards Meadow, Witney, Oxfordshire OX28 3YX3
£360K12/221.94 mi10, Northfield Square, Witney, Oxfordshire OX28 1DW3
£350K06/211.94 mi10, Oxford Hill, Witney, Oxfordshire OX28 3JR3
£330K03/211.94 mi31, Bury Mead, Stanton Harcourt, Witney, Oxfordshire OX29 5SD3
£368K06/231.94 mi21, Park View Road, Witney, Oxfordshire OX28 1GA3
£305K04/211.94 mi35, Park View Road, Witney, Oxfordshire OX28 1GA3
£293K07/211.94 mi23, Park View Road, Witney, Oxfordshire OX28 1GA3
£335K07/211.97 mi42, Madley Brook Lane, Witney, Oxfordshire OX28 1BS3
£300K06/231.98 mi165, Wadards Meadow, Witney, Oxfordshire OX28 3YU3

Local Rents

50 rents from £700/mo to £4.3K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£4,25012/240.39 miChapel Road South Leigh OX295
£70006/240.89 miHigh Cogges, Witney1
£1,10008/231.29 mi-3
£1,70009/241.38 mi-2
£87006/241.59 miEton Close, Witney, Oxfordshire1
£85007/241.59 miEton Close, Witney, Oxfordshire1
£85007/241.59 miEton Close, Witney, Oxfordshire1
£85007/241.64 miEton Close, Witney, Oxfordshire, OX281
£1,40008/241.65 miBlakes Avenue, Witney3
£1,15007/241.71 miBlakes Avenue, Witney2
£1,15007/241.71 miBlakes Avenue, Witney2
£1,15007/241.71 miBlakes Avenue, Witney2
£1,15007/241.71 miBlakes Avenue, Witney2
£85008/241.72 mi-1
£85007/241.72 miBlakes Avenue, Witney, OX281
£1,22006/241.72 miManor Road, Witney, Oxfordshire2
£90008/241.75 miWitney, Witney, OX281
£90009/241.75 miWitney, Witney, OX281
£1,20008/241.77 miGrey Lane, Witney, Oxfordshire2
£1,30009/241.78 miManor Road, Witney2
£95006/241.78 miManor Road, Cogges, Witney, OX28 3UE1
£1,25007/241.78 miCherry Tree Court, WITNEY2
£1,43006/241.78 miManor Road, Witney, Oxfordshire2
£1,60007/241.8 miWitney, Madley Park, OX283
£1,00007/241.81 miManor Road, Cogges, Witney, Oxfordshire, OX281
£1,00008/241.82 miCogges, Witney, OX281
£1,30006/241.83 miCogges Hill Road, Witney, Oxfordshire2
£1,20007/241.84 miGrey Lane, Witney2
£1,25007/241.86 miManor Road, Witney, Oxfordshire, OX282
£1,20006/231.86 mi-2
£1,25010/241.86 mi-2
£1,33006/241.87 miHarvest Grove, Witney, Oxfordshire2
£1,28508/241.87 miHarvest Grove, Witney, Oxfordshire2
£1,05006/241.88 miMadley Park, Witney, OX281
£1,70009/241.88 miWaterford Road, Witney, Oxfordshire, OX283
£1,55008/241.88 miBirch Grove, Madley Park, Witney3
£1,20006/241.89 mi4 Harvest Grove, Witney, Oxfordshire2
£1,20006/241.89 miHarvest Grove, Witney, Oxfordshire2
£92508/241.89 mi4 Harvest Grove, Witney, Oxfordshire2
£1,65008/241.9 miWaterford Road, Witney, Oxon, OX28 1GD3
£89506/241.93 mi-1
£1,17512/241.94 miBury Mead, Stanton Harcourt, WITNEY, Oxfordshire, OX292
£1,60006/241.94 miWaterford Lane, Madeley Park, Witney, Oxon, OX28 1GB3
£1,30008/241.94 miPark View Road, Witney2
£95006/241.95 mi1 Neighbourhood Centre, Northfield Farm Lane, Witney, OX28 1UD1
£1,65008/241.95 miWaterford Lane, Witney, OX283
£1,00012/241.96 miThe Row, Stanton Harcourt2
£1,05006/241.96 miHarvest Grove, Madley Park2
£1,10008/241.96 miCogges Hill Road, Witney, Oxfordshire, OX281
£1,40007/241.97 miMadley Brook Lane, Witney 2

Local Area Statistics

Population in OX29

23,056

Population in Witney

50,632

Town centre distance

2.68 miles away

Nearest school

1.90 miles away

Nearest train station

4.41 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+7%

Property History

Listed for £325,000

November 29, 2024

Floor Plans

Description

DESCRIPTION
An imposing Victorian semi detached property situated in a pleasant position within this highly regarded village. The property is set in good sized gardens with a generous width to the side to allow for extension subject to the necessary consents. The existing accommodation is arranged over two floors and is in need of updating. The ground floor provides entrance hall with stairs rising to the first floor, two reception rooms, a kitchen and a bathroom. The first floor has three bedrooms.

The gardens form a most attractive feature with a five bar gate leading to a driveway providing ample parking. There is a very basic timber garage/shed to the side of the property and to the rear is a large expanse of lawn with a paved patio adjacent to the house.. The garden is enclosed by a mix of fencing and hedging with a number of established trees.

LOCATION
South Leigh is a pretty semi rural village situated approximately nine miles west of Oxford, three miles south of Witney and within one mile of the A40 trunk road. There is a lovely public house, The Mason’s Arms just down the road from the house. Witney has an excellent range of local shops including Waitrose and Marks and Spencer, good schools for all ages and a golf club. Witney is located between Oxford and Burford on the A40, which provides good connections to London, Cheltenham and the West. Nearby, Long Hanborough station has regular mainline train links to London Paddington. The village has an active village hall located in the former Victorian School House.

ADDITIONAL INFORMATION
Tenure: Freehold
Council Tax band E
EPC rating E
All mains services are connected
Gas central heating to radiators
Mobile and broadband coverage can be checked at checker.ofcom.org.

Agent Details

Carter Jonas, Oxford

01865 638894

Next Steps?

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