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

‌
‌
‌
‌
‌
‌
‌
‌
‌
‌

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£112,500£112,500
Stamp Duty & Legal Fees	£33,700£33,700
Refurb Costs	£47,757£47,757
Bridging Loan Interest	£11,813£11,813
Total Cash In	£207,520£207,520

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£497,104£497,104
Mortgage (After Refinance)	£372,828£372,828
Mortgage LTV	75%75%
Cash Released	£35,328£35,328
Cash Left In	£172,192£172,192
Equity	£124,276£124,276
Rent Range	£1,200 - £1,900£1,200 - £1,900
Rent Estimate	£1,479
Running Costs/mo	£1,869£1,869
Cashflow/mo	£-390£-390
Cashflow/yr	£-4,683£-4,683
Gross Yield	4%4%

‌

‌
‌
‌
‌
‌
‌
‌
‌
‌
‌

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,900	06/24	0.27 mi	John White Close, Radley, Abingdon, Oxfordshire, OX14	2	Detached House
£1,900	08/24	0.27 mi	John White Close, Radley, Abingdon, Oxfordshire, OX14	2	Detached House
£1,600	08/24	0.39 mi	The Avenue, Kennington	2	Bungalow
£1,500	06/24	0.42 mi	Simpsons Way, Kennington	2	Detached House
£1,350	07/24	0.42 mi	Church Road, Oxford	2	Flat
£1,250	06/24	0.45 mi	Church Road, Sandford-on-Thames, OX4 4YB	2	Flat
£1,450	07/24	0.57 mi	Grundy Crescent, Kennington	2	Semi-Detached House
£1,400	07/24	0.61 mi	Kennington, Oxford, OX1	2	Flat
£1,350	08/24	0.61 mi	Kennington, Oxford, OX1	2	Flat
£1,200	07/24	0.63 mi	Kennington, Oxford	2	Flat
£1,425	07/24	0.67 mi	Otters Reach, Kennington, Oxford, Oxfordshire, OX1	2	Terraced House
£1,460	07/24	0.76 mi	-	2	Flat
£1,450	03/25	0.78 mi	-	2	Terraced House
£1,450	06/24	0.79 mi	Broadhurst Gardens, Oxford, OX4 4YQ	2	Terraced House
£1,450	06/24	0.82 mi	Pheasant Walk, East Oxford, OX4	2	Flat
£1,450	07/24	0.89 mi	Pheasant Walk, Littlemore, OX4	2	Terraced House
£1,500	08/24	0.89 mi	Pheasant Walk, Littlemore, OX4	2	Semi-Detached House
£1,500	07/24	0.97 mi	Kennington, Oxford, OX1	2	Flat
£1,250	07/24	0.97 mi	Kennington, Oxford, OX1	2	Flat
£1,250	08/24	0.97 mi	Kennington, Oxford, OX1	2	Flat
£1,400	07/24	1.02 mi	St Georges Manor, Littlemore	2	Flat
£1,550	08/24	1.02 mi	St Georges Manor, Littlemore, OX4	2	Terraced House
£1,600	06/24	1.04 mi	St Georges Manor, Mandelbrote Drive, OX4	2	Terraced House
£1,500	08/24	1.05 mi	-	2	Flat
£1,450	08/24	1.05 mi	Radcliffe House Mandelbrote Drive, Littlemore, Oxford, Oxfordshire, OX4	2	Flat
£1,450	08/24	1.05 mi	19 Radcliffe House Mandelbrote Drive, Littlemore, Oxford	2	Terraced House
£1,500	06/24	1.06 mi	Radcliffe House, Littlemore	2	Flat
£1,525	07/24	1.06 mi	Mandelbrote Drive, Littlemore	2	Flat
£1,650	08/24	1.06 mi	Mandelbrote Drive, Littlemore	2	Flat
£1,340	09/24	1.08 mi	St Georges Manor Mandlebrote Drive	2	Flat
£1,900	02/25	1.09 mi	-	2	Flat
£1,450	01/25	1.11 mi	-	2	Flat
£1,400	09/24	1.16 mi	Medhurst Way, Littlemore	2	Flat
£1,450	07/24	1.16 mi	Medhurst Way, Littlemore	2	Flat
£1,500	12/24	1.16 mi	-	2	Flat

Local Area Statistics

Population in OX1	25,50825,508
Population in Oxford	160,498160,498
Town centre distance	3.44 miles away3.44 miles away
Nearest school	0.60 miles away0.60 miles away
Nearest train station	1.41 miles away1.41 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 £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?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

Sold STC

4 Bed Bungalow, Refurb/BRRR, Oxford, OX1 5RR

£425,000

14 views • 7 months ago • 129 m²

Under Offer

3 Bed House, Refurb/BRRR, Oxford, OX1 5QX

£325,000

9 views • a month ago • 93 m²