2 Bed Flat, Single Let, Oxford, OX2 9PJ £240,000

Cumnor Hill, Oxford, OX2 9PJ - 6 views - 10 months ago

BTL

ROI: 5%

~68 m²

ValuationUndervalued

Sold Prices	£215K - £1.7M
Sold Prices/m²	£4.3K/m² - £8.8K/m²

Square Metres	~68.11 m²
Price/m²	£3.5K/m²
Value Estimate	£300,000£300,000
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£60,000£60,000
Stamp Duty & Legal Fees	£15,500£15,500
Total Cash In	£75,500£75,500

Cash Out
Rent Range	£1,350 - £2,000£1,350 - £2,000
Rent Estimate	£1,350
Running Costs/mo	£1,040£1,040
Cashflow/mo	£310£310
Cashflow/yr	£3,720£3,720
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £215K to £1.7M, average is £440K. £4.3K/m² to £8.8K/m², average is £5.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£290K	02/25	0.02 mi	1a, Chawley Lane, Cumnor, Oxford OX2 9PX	£4,677	62	2	Flat
£330K	11/22	0.09 mi	4a, Chawley Lane, Cumnor, Oxford, Oxfordshire OX2 9PX	£4,521	73	2	Flat
£1.7M	07/21	1.07 mi	Yarnells, Yarnells Hill, Oxford, Oxfordshire OX2 9BG	£7,160	243	2	Flat
£255K	02/23	1.23 mi	6, Larch Close, Oxford, Oxfordshire OX2 9EW	£5,436	47	2	Flat
£255K	06/23	1.23 mi	12, Larch Close, Oxford, Oxfordshire OX2 9EW	£5,204	49	2	Flat
£297K	01/25	1.36 mi	50a, Westminster Way, Oxford OX2 0LW	£4,304	69	2	Flat
£270K	06/21	1.89 mi	43, Duke Street, Oxford, Oxfordshire OX2 0HX	£4,655	58	2	Flat
£240K	03/25	2.05 mi	Flat 4, 51, Besselsleigh Road, Wootton, Abingdon OX13 6DW	£4,898	49	2	Flat
£240K	03/25	2.05 mi	Flat 4, 51, Besselsleigh Road, Wootton, Abingdon OX13 6DW	-	-	2	Flat
£220K	02/25	2.05 mi	Flat 5, 51, Besselsleigh Road, Wootton, Abingdon OX13 6DW	£4,583	48	2	Flat
£220K	02/25	2.05 mi	Flat 5, 51, Besselsleigh Road, Wootton, Abingdon OX13 6DW	-	-	2	Flat
£285K	12/22	2.08 mi	Flat 9, West Court, West Street, Oxford, Oxfordshire OX2 0NP	-	-	2	Flat
£215K	11/22	2.13 mi	Flat 15, Tumbling Bay Court, Henry Road, Oxford, Oxfordshire OX2 0PE	-	-	2	Flat
£497.5K	10/24	2.22 mi	2, Lincombe Lodge, Fox Lane, Boars Hill, Oxford OX1 5DN	£4,877	102	2	Flat
£497.5K	10/24	2.22 mi	Lincombe Lodge, Flat 2, Fox Lane, Boars Hill, Oxford, Oxfordshire OX1 5DN	£4,877	102	2	Flat
£517K	11/24	2.41 mi	38, Parklands, Besselsleigh, Abingdon OX13 5PN	£4,616	112	2	Flat
£517K	11/24	2.41 mi	38, Parklands, Besselsleigh, Abingdon OX13 5PN	-	-	2	Flat
£450K	10/24	2.42 mi	Rowland Hill Court, 4, Osney Lane, Oxford OX1 1LE	£6,716	67	2	Flat
£450K	10/24	2.42 mi	4, Rowland Hill Court, Osney Lane, Oxford OX1 1LE	-	-	2	Flat
£440K	03/25	2.42 mi	5, Rowland Hill Court, Osney Lane, Oxford OX1 1LE	£5,946	74	2	Flat
£440K	03/25	2.42 mi	5, Rowland Hill Court, Osney Lane, Oxford OX1 1LE	-	-	2	Flat
£495K	08/23	2.42 mi	30, Parklands, Besselsleigh, Abingdon OX13 5PN	£5,562	89	2	Flat
£495K	08/23	2.42 mi	30, Parklands, Besselsleigh, Abingdon OX13 5PN	-	-	2	Flat
£420K	09/21	2.43 mi	55, Rewley Road, Oxford, Oxfordshire OX1 2RG	£7,119	59	2	Flat
£395K	07/24	2.45 mi	73, Rewley Road, Oxford OX1 2RQ	£6,930	57	2	Flat
£407K	06/25	2.45 mi	79, Rewley Road, Oxford OX1 2RQ	£6,672	61	2	Flat
£407K	06/25	2.45 mi	79, Rewley Road, Oxford OX1 2RQ	-	-	2	Flat
£410K	01/24	2.47 mi	3, Rewley Road, Oxford, Oxfordshire OX1 2RA	£6,949	59	2	Flat
£380K	07/22	2.47 mi	81, Rewley Road, Oxford, Oxfordshire OX1 2RQ	£5,846	65	2	Flat
£545K	10/24	2.47 mi	56, Rewley Road, Oxford OX1 2RQ	£5,343	102	2	Flat
£500K	06/25	2.48 mi	6, Rickyard Close, Oxford OX1 2RE	£5,000	100	2	Flat
£500K	06/25	2.48 mi	6, Rickyard Close, Oxford OX1 2RE	-	-	2	Flat
£560K	06/21	2.51 mi	Flat 54, The Lion Brewery, St Thomas Street, Oxford, Oxfordshire OX1 1JE	-	-	2	Flat
£491K	12/22	2.51 mi	Flat 55, The Lion Brewery, St Thomas Street, Oxford, Oxfordshire OX1 1JE	-	-	2	Flat
£532.5K	09/22	2.51 mi	Flat 20, The Lion Brewery, St Thomas Street, Oxford, Oxfordshire OX1 1JE	-	-	2	Flat
£450K	12/24	2.55 mi	Angevins House, Flat 4, Fisher Row, Oxford OX1 1JZ	£7,759	58	2	Flat
£335K	07/23	2.56 mi	Flat 18, Whitworth Place, Canal Street, Oxford, Oxfordshire OX2 6BZ	-	-	2	Flat
£390K	01/23	2.58 mi	Flat 12a, Tennyson Lodge, Paradise Square, Oxford, Oxfordshire OX1 1UD	-	-	2	Flat
£462K	06/21	2.58 mi	Flat 15, Tennyson Lodge, Paradise Square, Oxford, Oxfordshire OX1 1UD	-	-	2	Flat
£375K	04/23	2.58 mi	Flat 16, Tennyson Lodge, Paradise Square, Oxford, Oxfordshire OX1 1UD	-	-	2	Flat
£435K	12/24	2.58 mi	Flat 10, Tennyson Lodge, Paradise Square, Oxford OX1 1UD	£6,692	65	2	Flat
£435K	12/24	2.58 mi	Flat 10, Tennyson Lodge, Paradise Square, Oxford OX1 1UD	-	-	2	Flat
£455K	03/25	2.59 mi	3, Tidmarsh Lane, Oxford OX1 1AZ	£7,712	59	2	Flat
£455K	03/25	2.59 mi	3, Tidmarsh Lane, Oxford OX1 1AZ	-	-	2	Flat
£425K	10/24	2.59 mi	Grandpont Place, Flat 47, Long Ford Close, Oxford OX1 4NH	£6,159	69	2	Flat
£630K	08/23	2.62 mi	23, William Lucy Way, Oxford, Oxfordshire OX2 6EQ	£8,514	74	2	Flat
£440K	08/23	2.62 mi	2, Albert Street, Oxford, Oxfordshire OX2 6AY	£7,097	62	2	Flat
£615K	03/25	2.67 mi	11, William Lucy Way, Oxford OX2 6EQ	-	-	2	Flat
£615K	03/25	2.67 mi	11, William Lucy Way, Oxford OX2 6EQ	£7,069	87	2	Flat
£600K	05/25	2.7 mi	Flat 11, Furnace House Eagle Works, Walton Well Road, Oxford OX2 6GF	£8,824	68	2	Flat

Local Rents

21 rents from £1.4K/mo to £2K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,795	07/25	0.03 mi	Flat 4 Chawley Court, 136 Cumnor Hill	2	Flat
£1,350	09/24	0.09 mi	Cumnor Hill, Oxford	2	Flat
£1,395	06/24	0.09 mi	Kimmeridge Road, Cumnor OX2 9RQ	2	Flat
£1,350	07/24	0.1 mi	Cumnor Hill, Oxford	2	Flat
£1,350	08/24	0.1 mi	Cumnor Hill, Oxford	2	Flat
£1,995	07/25	0.1 mi	The Gables, 6 Cumnor Hill, Oxford, Oxfordshire, OX2	2	Flat
£1,600	06/25	0.12 mi	Cumnor Hill, Oxford, OX2	2	Terraced House
£1,600	10/25	0.12 mi	Cumnor Hill, Oxford, OX2	2	Terraced House
£1,550	06/25	0.14 mi	Kimmeridge Road, Cumnor, Oxford, OX2	2	Semi-Detached House
£1,700	08/25	0.15 mi	Oakwood Way, Cumnor, Oxford, Oxfordshire, OX2	2	Terraced House
£1,500	06/24	0.28 mi	Hurst Lane, Oxford	2	Terraced House
£1,800	10/25	0.49 mi	Cumnor Hill, Oxford, OX2	2	Flat
£1,500	11/25	0.52 mi	The Glebe, Cumnor, Oxford, Oxford, OX2	2	Terraced House
£1,800	09/25	0.54 mi	Breeches End, Cumnor Hill	2	Flat
£1,460	07/24	0.54 mi	-	2	Semi-Detached House
£1,460	07/24	0.54 mi	The Glebe, Cumnor, Oxford, OX2	2	Semi-Detached House
£1,600	08/25	0.54 mi	-	2	Semi-Detached House
£1,600	08/25	0.54 mi	The Glebe, Cumnor, Oxford, OX2	2	Semi-Detached House
£1,600	10/25	0.54 mi	The Glebe, Cumnor, Oxford, OX2	2	Semi-Detached House
£1,995	07/24	0.56 mi	Eaton Court, 86 Cumnor Hill	2	Flat
£2,000	09/25	0.56 mi	Eaton Court, 86 Cumnor Hill	2	Flat

Local Area Statistics

Population in OX2	39,34739,347
Population in Oxford	160,498160,498
Town centre distance	2.90 miles away2.90 miles away
Nearest school	0.50 miles away0.50 miles away
Nearest train station	2.37 miles away2.37 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-11%-11%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+5%+5%

Property History

Price changed to £240,000

March 28, 2025

Price changed to £260,000

February 16, 2025

Listed for £275,000

January 17, 2025

Floor Plans

Description

Two Bedrooms +
Bathroom with Walk-in Shower +
Gas Central Heating +
Kitchen with Integrated Appliances +
Service & Maintenance Charge Approximately £900 per annum +
999 Year Lease from 1st January 2024 +
Communal Garden +
Allocated Parking +
Council Tax Band: B +
EPC Rating: C +

A share of freehold, two bedroom, first floor apartment with communal garden and allocated off-street parking.

The apartment boasts a very light and modern design, with an open plan kitchen/living area. There is one large double bedroom with the second bedroom being well suited as a spare room or home office. This property has the additional benefit of communal garden space.

The property is connected to mains water, gas, electricity and drainage. According to Ofcom, Superfast and Ultrafast broadband are available and mobile coverage is likely outdoors and unlikely indoors.

Cumnor Hill is located on the western outskirts of the city with nearby Botley providing local shopping at Elms Parade and the new West Way shopping centre. Oxford city centre is just 2 miles away and Botley Road has Waitrose and Aldi food stores.

The property is ideally located for rail and road connections with access to the A34 and Oxford Parkway with services to London Marylebone.

Agent Details

Thomas Merrifield, Oxford

01865 638790

Next Steps?

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