2 Bed Bungalow, Refurb/BRRR, Oxford, OX1 5RW, £450,000

Kennington, Oxford, OX1 5RW - 2 months ago

Sold STC
Refurb/BRRR
~107 m²
+5 photos

ValuationFair Value

Sold Prices£255K - £690K
Sold Prices/m²£3.5K/m² - £11.3K/m²

 

 

Square Metres

~107 m²
Price/m²£4.2K/m²

Value Estimate

£454,500

 

 

End Value (After Refurb)

£497,104

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£33,700

Refurb Costs

£47,757

Bridging Loan Interest

£11,813

Total Cash In

£207,520

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£497,104

Mortgage (After Refinance)

£372,828

Mortgage LTV

75%

Cash Released

£35,328

Cash Left In

£172,192

Equity

£124,276

Rent Range

£1,200 - £1,900

Rent Estimate

£1,479

Running Costs/mo

£1,869

Cashflow/mo

£-390

Cashflow/yr

£-4,683

Gross Yield

4%

Local Sold Prices

50 sold prices from £255K to £690K, average is £336K. £3.5K/m² to £11.3K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£410K12/200.11 mi160, Poplar Grove, Kennington, Oxford, Oxfordshire OX1 5QT2
£335K03/210.18 mi11, Fairways, Kennington, Oxford, Oxfordshire OX1 5RQ2
£454K11/220.32 mi35, Liddiard Close, Kennington, Oxford, Oxfordshire OX1 5RY2
£387K11/200.44 mi4, St Swithuns Road, Kennington, Oxford, Oxfordshire OX1 5PT2
£335K04/230.66 mi46, Otters Reach, Kennington, Oxford, Oxfordshire OX1 5QL2
£325K07/210.66 mi55, Otters Reach, Kennington, Oxford, Oxfordshire OX1 5QL2
£307K08/220.66 mi21, Otters Reach, Kennington, Oxford, Oxfordshire OX1 5QL2
£275K01/210.67 mi6, River View, Kennington, Oxford, Oxfordshire OX1 5QJ2
£285K12/200.67 mi8, River View, Kennington, Oxford, Oxfordshire OX1 5QJ2
£345K02/240.67 mi14, River View, Kennington, Oxford, Oxfordshire OX1 5QJ2
£463.8K09/220.74 mi208, Upper Road, Kennington, Oxford, Oxfordshire OX1 5LR2
£350K12/220.77 mi21, Henley Road, Sandford On Thames, Oxford, Oxfordshire OX4 4YN2
£355K07/230.79 mi38, Broadhurst Gardens, Littlemore, Oxford, Oxfordshire OX4 4YQ2
£280K01/210.87 mi14, Pheasant Walk, Littlemore, Oxford, Oxfordshire OX4 4XY2
£375K04/211 mi111, Upper Road, Kennington, Oxford, Oxfordshire OX1 5LW2
£415K12/231.19 mi7, Chapel Lane, Littlemore, Oxford, Oxfordshire OX4 4QB2
£285K05/231.23 mi40, Lakefield Road, Oxford, Oxfordshire OX4 4LZ2
£305K01/231.24 mi47, Lakefield Road, Oxford, Oxfordshire OX4 4LZ2
£287.5K04/211.26 mi15, Rivermead Road, Oxford, Oxfordshire OX4 4UD2
£375K06/211.26 miSandford Lodge, 24, Lawn Upton Close, Littlemore, Oxford, Oxfordshire OX4 4QF2
£337K03/211.29 mi20, Dudgeon Drive, Oxford, Oxfordshire OX4 4QL2
£432K02/211.35 mi19, New Road, Radley, Abingdon, Oxfordshire OX14 3AP2
£310K07/231.36 mi36, Marlborough Close, Littlemore, Oxford, Oxfordshire OX4 4PH2
£295K11/201.36 mi19, Marlborough Close, Littlemore, Oxford, Oxfordshire OX4 4PH2
£302.5K10/231.37 mi35b, Oxford Road, Littlemore, Oxford, Oxfordshire OX4 4PF2
£410K09/211.4 mi26, Oxford Road, Littlemore, Oxford, Oxfordshire OX4 4PE2
£366K11/201.4 mi48, Oxford Road, Littlemore, Oxford, Oxfordshire OX4 4PE2
£370K04/231.4 mi52, Oxford Road, Littlemore, Oxford, Oxfordshire OX4 4PE2
£275K03/211.41 mi45, Alice Smith Square, Littlemore, Oxford, Oxfordshire OX4 4NG2
£358.5K08/211.45 mi18, Pipley Furlong, Littlemore, Oxford, Oxfordshire OX4 4JW2
£397K03/231.49 mi53, Cowley Road, Littlemore, Oxford, Oxfordshire OX4 4LF2
£305K03/231.57 mi7, Barfleur Close, Abingdon, Oxfordshire OX14 2RF2
£345K12/221.59 mi74, Spencer Crescent, Oxford, Oxfordshire OX4 4SW2
£306K05/231.59 mi3, St Andrews Close, Abingdon, Oxfordshire OX14 2NT2
£315K09/231.59 mi1, Pytenry Close, Abingdon, Oxfordshire OX14 2RQ2
£290K12/201.61 mi46, Elizabeth Avenue, Abingdon, Oxfordshire OX14 2NS2
£323.5K12/201.63 mi27, Spencer Crescent, Oxford, Oxfordshire OX4 4SN2
£300K02/211.63 mi52, Elizabeth Avenue, Abingdon, Oxfordshire OX14 2NR2
£387.5K10/231.66 mi27, Long Lane, Oxford, Oxfordshire OX4 3TN2
£297.5K12/211.68 mi9, Norbrook Close, Abingdon, Oxfordshire OX14 2PZ2
£283K12/201.7 mi2, Summer Fields, Abingdon, Oxfordshire OX14 2PG2
£370K05/211.71 mi10, Addison Drive, Littlemore, Oxford, Oxfordshire OX4 3UD2
£625K11/211.72 mi58, Tree Lane, Oxford, Oxfordshire OX4 4EY2
£690K04/231.72 mi56, Tree Lane, Oxford, Oxfordshire OX4 4EY2
£357.5K12/221.74 mi108, Herschel Crescent, Oxford, Oxfordshire OX4 3TU2
£535K06/211.75 mi8, Cordrey Green, Oxford, Oxfordshire OX4 4ER2
£265K12/201.76 mi4, Sandford Close, Abingdon, Oxfordshire OX14 2PX2
£375K10/231.77 mi5, Tudor Close, Iffley, Oxford, Oxfordshire OX4 4HB2
£260K07/211.78 mi39, Broadfields, Littlemore, Oxford, Oxfordshire OX4 6LP2
£255K03/211.78 mi4, Broadfields, Littlemore, Oxford, Oxfordshire OX4 6LP2

Local Rents

35 rents from £1.2K/mo to £1.9K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,90006/240.27 miJohn White Close, Radley, Abingdon, Oxfordshire, OX142
£1,90008/240.27 miJohn White Close, Radley, Abingdon, Oxfordshire, OX142
£1,60008/240.39 miThe Avenue, Kennington2
£1,50006/240.42 miSimpsons Way, Kennington2
£1,35007/240.42 miChurch Road, Oxford2
£1,25006/240.45 miChurch Road, Sandford-on-Thames, OX4 4YB2
£1,45007/240.57 miGrundy Crescent, Kennington2
£1,40007/240.61 miKennington, Oxford, OX12
£1,35008/240.61 miKennington, Oxford, OX12
£1,20007/240.63 miKennington, Oxford2
£1,42507/240.67 miOtters Reach, Kennington, Oxford, Oxfordshire, OX12
£1,46007/240.76 mi-2
£1,45003/250.78 mi-2
£1,45006/240.79 miBroadhurst Gardens, Oxford, OX4 4YQ2
£1,45006/240.82 miPheasant Walk, East Oxford, OX42
£1,45007/240.89 miPheasant Walk, Littlemore, OX42
£1,50008/240.89 miPheasant Walk, Littlemore, OX42
£1,50007/240.97 miKennington, Oxford, OX12
£1,25007/240.97 miKennington, Oxford, OX12
£1,25008/240.97 miKennington, Oxford, OX12
£1,40007/241.02 miSt Georges Manor, Littlemore2
£1,55008/241.02 miSt Georges Manor, Littlemore, OX42
£1,60006/241.04 miSt Georges Manor, Mandelbrote Drive, OX42
£1,50008/241.05 mi-2
£1,45008/241.05 miRadcliffe House Mandelbrote Drive, Littlemore, Oxford, Oxfordshire, OX42
£1,45008/241.05 mi19 Radcliffe House Mandelbrote Drive, Littlemore, Oxford2
£1,50006/241.06 miRadcliffe House, Littlemore2
£1,52507/241.06 miMandelbrote Drive, Littlemore2
£1,65008/241.06 miMandelbrote Drive, Littlemore2
£1,34009/241.08 miSt Georges Manor Mandlebrote Drive2
£1,90002/251.09 mi-2
£1,45001/251.11 mi-2
£1,40009/241.16 miMedhurst Way, Littlemore2
£1,45007/241.16 miMedhurst Way, Littlemore2
£1,50012/241.16 mi-2

Local Area Statistics

Population in OX1

25,508

Population in Oxford

160,498

Town centre distance

3.44 miles away

Nearest school

0.60 miles away

Nearest train station

1.41 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+20%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £450,000

January 8, 2025

Floor Plans

Description

  • Detached Bungalow +
  • Ample Frontage +
  • Substantial Rear Garden +
  • No Onward Chain +
  • Development Opportunity +

Property Description

Situated in a sought after position, this detached bungalow is offered for sale as either a development opportunity (STP) or renovation project.

Property Details

Property Information:
This detached bungalow is in need of full renovation throughout or ideal for re-development (STP). The property is for sale with no onward chain.
Kennington village offers a variety of shops, a Doctors’, a barbers, Chemist and Public House, St Swithun`s Primary School and local Churches. Regular buses run to and from the village to Oxford and Abingdon. Kennington has access to the Oxford by-pass, hence the M40 at junctions 8 and 9 and the M4 at junction 13 at Newbury via the A34. Oxford and Parkway stations provide direct links to London Paddington or Marylebone for commuters and there is a local station at Radley.

Agent Details

Chancellors, Botley

01865 638774

Next Steps?

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