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 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 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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