2 Bed Terraced House, Refurb/BRRR, Oxford, OX1 4RF, £345,000

Green Place, Oxford, OX1 4RF - 3 views - 3 months ago

Sold STC

Refurb/BRRR

ROI: 5%

~53 m²

+6 photos

ValuationOvervalued

Sold Prices	£346K - £667.5K
Sold Prices/m²	£4K/m² - £15.1K/m²

Square Metres	~52.60 m²
Price/m²	£6.6K/m²
Value Estimate	£324,963£324,963

End Value (After Refurb)	£301,129£301,129

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£86,250£86,250
Stamp Duty & Legal Fees	£16,300£16,300
Refurb Costs	£23,477£23,477
Bridging Loan Interest	£9,056£9,056
Total Cash In	£136,833£136,833

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£301,129£301,129
Mortgage (After Refinance)	£225,847£225,847
Mortgage LTV	75%75%
Cash Left In	£136,833£136,833
Equity	£75,282£75,282
Rent Range	£1,500 - £5,249£1,500 - £5,249
Rent Estimate	£1,886
Running Costs/mo	£1,338£1,338
Cashflow/mo	£548£548
Cashflow/yr	£6,573£6,573
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £346K to £667.5K, average is £436.3K. £4K/m² to £15.1K/m², average is £6.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£480K	06/22	0.02 mi	19, Gordon Street, Oxford, Oxfordshire OX1 4RJ	£6,493	74	2	Terraced House
£393.5K	06/21	0.04 mi	9, Green Place, Oxford, Oxfordshire OX1 4RF	£6,148	64	2	Terraced House
£420K	10/21	0.04 mi	12, Gordon Street, Oxford, Oxfordshire OX1 4RJ	£5,385	78	2	Terraced House
£450K	09/23	0.05 mi	1, Lake Street, Oxford, Oxfordshire OX1 4RN	£7,258	62	2	Terraced House
£350K	01/21	0.09 mi	18, Vicarage Lane, Oxford, Oxfordshire OX1 4RQ	£6,140	57	2	Terraced House
£460K	12/22	0.09 mi	5, Vicarage Lane, Oxford, Oxfordshire OX1 4RQ	£5,823	79	2	Terraced House
£350K	11/20	0.09 mi	6, Vicarage Lane, Oxford, Oxfordshire OX1 4RQ	£5,072	69	2	Terraced House
£425K	04/21	0.18 mi	34, Lincoln Road, Oxford, Oxfordshire OX1 4TB	£5,449	78	2	Semi-Detached House
£435K	12/20	0.19 mi	90, Sunningwell Road, Oxford, Oxfordshire OX1 4SY	£6,127	71	2	Terraced House
£535K	10/20	0.22 mi	33, Newton Road, Oxford, Oxfordshire OX1 4PT	£6,221	86	2	Semi-Detached House
£410K	09/20	0.23 mi	6, Monmouth Road, Oxford, Oxfordshire OX1 4TD	£4,940	83	2	Semi-Detached House
£462K	02/21	0.23 mi	30, Monmouth Road, Oxford, Oxfordshire OX1 4TD	£5,704	81	2	Semi-Detached House
£575K	09/22	0.23 mi	248, Marlborough Road, Oxford, Oxfordshire OX1 4LU	-	-	2	Terraced House
£395K	02/24	0.26 mi	47, Wytham Street, Oxford, Oxfordshire OX1 4TR	£5,725	69	2	Semi-Detached House
£445K	01/24	0.3 mi	5, Northampton Road, Oxford, Oxfordshire OX1 4TG	£6,181	72	2	Semi-Detached House
£378K	09/22	0.35 mi	30, Chatham Road, Oxford, Oxfordshire OX1 4UY	£6,097	62	2	Terraced House
£353K	12/22	0.36 mi	16, Chatham Road, Oxford, Oxfordshire OX1 4UY	-	-	2	Terraced House
£400K	05/22	0.36 mi	42, Fox Crescent, Oxford, Oxfordshire OX1 4UX	£5,797	69	2	Semi-Detached House
£600K	05/22	0.43 mi	134, Marlborough Road, Oxford, Oxfordshire OX1 4LS	£6,612	91	2	Terraced House
£395K	12/20	0.44 mi	42, Weirs Lane, Oxford, Oxfordshire OX1 4UR	£5,130	77	2	Semi-Detached House
£387.5K	03/23	0.48 mi	39, Buckingham Street, Grandpont, Oxford, Oxfordshire OX1 4LH	£6,798	57	2	Terraced House
£667.5K	01/24	0.52 mi	5, Marlborough Road, Oxford, Oxfordshire OX1 4LW	-	-	2	Detached House
£495K	04/23	0.55 mi	24, Shirelake Close, Oxford, Oxfordshire OX1 1SN	£15,091	33	2	Terraced House
£625K	02/24	0.57 mi	9, Jubilee Terrace, Oxford, Oxfordshire OX1 4LN	£8,562	73	2	Terraced House
£600K	05/23	0.57 mi	2, Jubilee Terrace, Oxford, Oxfordshire OX1 4LN	£8,766	68	2	Terraced House
£395K	10/20	0.69 mi	7, Sadler Walk, Oxford, Oxfordshire OX1 1TX	£6,475	61	2	Terraced House
£422K	10/23	0.69 mi	13, Sadler Walk, Oxford, Oxfordshire OX1 1TX	-	-	2	Terraced House
£452K	10/22	0.69 mi	18, Trinity Street, Oxford, Oxfordshire OX1 1TN	£5,650	80	2	Terraced House
£388K	03/21	0.69 mi	13, Trinity Street, Oxford, Oxfordshire OX1 1TN	£6,467	60	2	Terraced House
£520K	12/20	0.74 mi	39, Trinity Street, Oxford, Oxfordshire OX1 1TY	£7,879	66	2	Semi-Detached House
£385K	01/23	0.75 mi	13, Arnold Road, Oxford, Oxfordshire OX4 4BH	£6,492	59	2	Terraced House
£352K	01/21	0.81 mi	4, Harold Hicks Place, Oxford, Oxfordshire OX4 3DS	£6,175	57	2	Terraced House
£560K	10/21	0.87 mi	15, Hurst Street, Oxford, Oxfordshire OX4 1EZ	£4,553	123	2	Terraced House
£415K	08/21	0.87 mi	9, Percy Street, Oxford, Oxfordshire OX4 3AA	£5,982	69	2	Terraced House
£420.5K	12/20	0.87 mi	74, Percy Street, Oxford, Oxfordshire OX4 3AD	£5,323	79	2	Terraced House
£405K	03/21	0.88 mi	150, Hurst Street, Oxford, Oxfordshire OX4 1HG	£4,984	81	2	Terraced House
£346K	06/21	0.89 mi	82, Charles Street, Oxford, Oxfordshire OX4 3AS	£6,784	51	2	Terraced House
£580K	12/22	0.89 mi	30, James Street, Oxford, Oxfordshire OX4 1ET	£8,045	72	2	Terraced House
£475K	12/20	0.9 mi	79, Howard Street, Oxford, Oxfordshire OX4 3AY	£5,938	80	2	Terraced House
£375K	10/23	0.92 mi	5, Tudor Close, Iffley, Oxford, Oxfordshire OX4 4HB	-	-	2	Semi-Detached House
£350K	11/20	0.95 mi	39, Catherine Street, Oxford, Oxfordshire OX4 3AH	£6,604	53	2	Terraced House
£495K	01/24	0.95 mi	36, Catherine Street, Oxford, Oxfordshire OX4 3AH	£7,734	64	2	Terraced House
£350K	02/21	0.95 mi	53, Randolph Street, Oxford, Oxfordshire OX4 1YA	£3,977	88	2	Terraced House
£500K	12/22	0.96 mi	13, Alma Place, Oxford, Oxfordshire OX4 1JW	£7,692	65	2	Terraced House
£470K	10/23	0.96 mi	54, Percy Street, Oxford, Oxfordshire OX4 3AF	£6,714	70	2	Terraced House
£437.5K	09/21	0.96 mi	51, Percy Street, Oxford, Oxfordshire OX4 3AF	£6,434	68	2	Terraced House
£525K	11/23	0.98 mi	116, Charles Street, Oxford, Oxfordshire OX4 3AT	-	-	2	Terraced House
£498K	07/23	0.98 mi	96, Charles Street, Oxford, Oxfordshire OX4 3AT	£8,237	60	2	Terraced House
£520K	09/23	0.99 mi	52, Hertford Street, Oxford, Oxfordshire OX4 3AL	£7,824	66	2	Terraced House
£535K	06/21	1 mi	8, Cordrey Green, Oxford, Oxfordshire OX4 4ER	£5,691	94	2	Terraced House

Local Rents

38 rents from £1.5K/mo to £5.2K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,675	08/24	0.04 mi	Gordan Street, Oxford City	2	House
£1,700	07/24	0.14 mi	Sunningwell Road, Oxford	2	Terraced House
£1,700	06/24	0.16 mi	Sunningwell Road, Oxford	2	Terraced House
£1,800	06/24	0.16 mi	Sunningwell Road Oxford OX1	2	Terraced House
£1,700	07/24	0.2 mi	Abingdon Road, Oxford, OX1	2	Flat
£1,600	01/25	0.28 mi	-	2	Flat
£1,800	07/24	0.3 mi	Marlborough Road, Oxford, OX1	2	Terraced House
£3,495	04/24	0.3 mi	-	2	Flat
£3,200	12/24	0.3 mi	-	2	Flat
£1,750	07/24	0.35 mi	Hodges Court, Whitehouse Road, Oxford	2	Flat
£1,650	08/24	0.35 mi	Hodges Court, Oxford, OX1	2	Flat
£1,500	07/24	0.39 mi	Abingdon Road, Oxford	2	Flat
£1,850	08/24	0.39 mi	Abingdon Road, Oxford	2	Flat
£1,650	06/24	0.47 mi	Brook Street, Oxford	2	Flat
£1,800	07/24	0.47 mi	Brook Street, Central Oxford	2	Flat
£1,700	08/24	0.48 mi	Jean Marguerite Court Oxford	2	Flat
£1,700	07/24	0.49 mi	Grandpont Place, Oxford, Oxfordshire, OX1	2	Flat
£1,700	07/24	0.49 mi	Grandpont Place, Oxford, Oxfordshire, OX1	2	Flat
£1,600	08/24	0.52 mi	Hertford College Graduate Centre	2	Flat
£1,500	06/24	0.52 mi	Gordon Woodward Way, Off Abingdon Road, OX1	2	Flat
£1,550	07/24	0.54 mi	Leander Way, East Oxford, OX1	2	Flat
£1,550	07/24	0.54 mi	Oxford, Grandpont Place,	2	Flat
£1,525	07/24	0.54 mi	Oxford, Grandpont Place,	2	Flat
£1,550	06/24	0.54 mi	-	2	Flat
£1,795	07/24	0.55 mi	Grandpont Place Longford Close OX1	2	Flat
£1,725	07/24	0.55 mi	Grandpont, Central Oxford	2	Flat
£1,750	07/24	0.55 mi	Shirelake Close, City Centre	2	Terraced House
£2,700	02/24	0.55 mi	-	2	Flat
£2,900	10/24	0.55 mi	-	2	Flat
£1,800	11/24	0.55 mi	-	2	Flat
£1,800	07/24	0.56 mi	Eyot Place, Oxford, Ox4	2	Terraced House
£1,700	07/24	0.56 mi	Folly Bridge Court, Shirelake Close, Oxford, OX1	2	Flat
£1,700	07/24	0.56 mi	Folly Bridge Court, Shirelake Close, Oxford, OX1	2	Flat
£1,600	06/24	0.57 mi	Egrove Close, Oxford	2	Flat
£2,000	07/24	0.57 mi	Bedford Street, Oxford, OX4	2	House
£5,249	08/24	0.59 mi	-	2	Flat
£1,650	08/24	0.59 mi	Thames Street, Central Oxford	2	Terraced House
£1,500	06/24	0.62 mi	Leander Way, Oxford, Oxford, OX1	2	Flat

Local Area Statistics

Population in OX1	25,50825,508
Population in Oxford	160,498160,498
Town centre distance	1.12 miles away1.12 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.21 miles away1.21 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+20%+20%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+20%+20%

Property History

Listed for £345,000

December 20, 2024

Floor Plans

Description

A two bedroom period property +
Sitting room +
Kitchen +
Gas fired central heating +
bathroom +
two bedrooms +
enclosed rear garden with store +
No onward chain +
EPC Rating: D +
Council Tax Band: C +

A two bedroom period property in need of some modernisation situated in this popular convenient location in New Hinksey. No onward chain.

Green Place is located in a cul-de-sac with a south westerly facing rear garden. The accommodation briefly comprises sitting room, kitchen and bathroom and on the first floor there are two bedrooms. Outside there is an enclosed rear garden with store.

New Hinksey and Grandpont offer a range of local services and amenities including two primary schools, Hinksey Park and outdoor swimming pool, public houses, Post Office and a Tesco metro store. There is easy access to the Oxford Ring Road/Southern By-pass approximately half a mile away giving access to the A34 and numerous bus services to central Oxford Abingdon and other parts of the city. Oxford Railway Station is approximately 1.5 miles to the north offering a fast service to London Paddington of approximately 60 minutes.

Agent Details

Thomas Merrifield, Oxford

01865 638790

Next Steps?

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