3 Bed Flat, Single Let, Witney, OX28 6LN, £300,000

Moorland Close, Witney, Oxfordshire, OX28 6LN - 2 views - 3 months ago

BTL

ROI: 3%

~93 m²

+4 photos

Valuation

Sold Prices	£257.5K - £470K
Sold Prices/m²	£2.9K/m² - £3.9K/m²

Square Metres	~93 m²
Price/m²	£3.2K/m²

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£75,000£75,000
Stamp Duty & Legal Fees	£12,700£12,700
Total Cash In	£87,700£87,700

Cash Out
Rent Range	£1,400 - £1,850£1,400 - £1,850
Rent Estimate	£1,444
Running Costs/mo	£1,246£1,246
Cashflow/mo	£198£198
Cashflow/yr	£2,372£2,372
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

3 sold prices from £257.5K to £470K, average is £267K.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£257.5K	10/23	0.26 mi	35, Lowell Place, Witney, Oxfordshire OX28 6DX	£2,861	90	3	Flat
£267K	06/22	1.11 mi	9, Fox Close, Hailey, Witney, Oxfordshire OX29 9XL	£3,870	69	3	Flat
£470K	04/23	2.39 mi	22, Ripley Avenue, Minster Lovell, Witney, Oxfordshire OX29 0RP	-	-	3	Flat

Local Rents

16 rents from £1.4K/mo to £1.9K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,695	06/24	0.31 mi	Corn Street, Witney	3	Flat
£1,725	07/24	0.31 mi	Corndell Gardens, Witney	3	Detached House
£1,450	07/24	0.33 mi	Woodford Way, Witney, OX28	3	Terraced House
£1,510	06/24	0.33 mi	Stenter Mews, Witney, Oxfordshire	3	Terraced House
£1,550	06/24	0.34 mi	Meadow Lane, Witney, Oxfordshire, OX28	3	Terraced House
£1,850	01/24	0.34 mi	-	3	Terraced House
£1,400	09/24	0.34 mi	Orchard Way, Witney	3	Semi-Detached House
£1,450	06/24	0.36 mi	Ashcombe Crescent, Witney	3	Flat
£1,600	06/24	0.37 mi	The Crofts, Witney, Oxfordshire, OX28	3	Detached House
£1,450	07/24	0.37 mi	Queen Emmas Dyke, Witney, Oxon, OX28 4EU	3	Terraced House
£1,550	08/24	0.45 mi	The Crofts, Central Witney	3	Terraced House
£1,450	06/24	0.45 mi	Weavers Close, Witney	3	Terraced House
£1,700	08/24	0.57 mi	Abbey Road, Witney, Oxfordshire, OX28	3	Semi-Detached House
£1,575	08/24	0.58 mi	West End, Witney	3	Terraced House
£1,500	06/24	0.6 mi	Barrington Close, Witney, Oxfordshire, OX28	3	Terraced House
£1,400	06/24	0.62 mi	Farmers Close, Witney, Oxfordshire, OX28	3	Semi-Detached House

Local Area Statistics

Population in OX28	27,57627,576
Population in Witney	50,63250,632
Town centre distance	0.29 miles away0.29 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	4.65 miles away4.65 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-2%-2%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+7%+7%

Property History

Listed for £300,000

January 20, 2025

Floor Plans

Description

This three bedroom first floor flat located within close proximity to the Witney Town centre.

The property comprises of a large hallway linking to the kitchen, bathroom, primary bedroom and other two bedrooms.

The property also benefits from an inside store room, a car parking space solely for residents along with a two communal outside areas.

TENURE The property benefits from an exceptionally long lease with approximately 988 years remaining as well as having a share of the freehold. There is no ground rent payable and the annual service charge amounts to £1500.

Share of Freehold
Council Tax - Band B

Agent Details

Andrews Estate Agents, Witney

01993 221651

Next Steps?

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

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