2 Bed Bungalow, Refurb/BRRR, Witney, OX29 8BD, £350,000

Main Road, Long Hanborough, OX29 8BD - 3 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~68 m²
+16 photos

ValuationOvervalued

Sold Prices£253.9K - £915K
Sold Prices/m²£3.5K/m² - £11.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.1K/m²

Value Estimate

£339,491

 

 

End Value (After Refurb)

£316,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£29,800

Bridging Loan Interest

£9,188

Total Cash In

£144,938

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£316,250

Mortgage (After Refinance)

£237,188

Mortgage LTV

75%

Cash Left In

£144,938

Equity

£79,063

Rent Range

£900 - £4,750

Rent Estimate

£1,859

Running Costs/mo

£1,380

Cashflow/mo

£479

Cashflow/yr

£5,747

ROI

4%

Gross Yield

6%

Local Sold Prices

21 sold prices from £253.9K to £915K, average is £375K. £3.5K/m² to £11.7K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£375K10/200.03 mi56, Main Road, Long Hanborough, Witney, Oxfordshire OX29 8BD2
£318K03/240.11 mi8a, Roosevelt Road, Long Hanborough, Witney, Oxfordshire OX29 8JG2
£307K03/240.2 mi27, Pinsley Road, Long Hanborough, Witney, Oxfordshire OX29 8JQ2
£390K03/230.32 mi17, Hurdeswell, Long Hanborough, Witney, Oxfordshire OX29 8DQ2
£328K12/210.32 mi21, Millwood End, Long Hanborough, Witney, Oxfordshire OX29 8BN2
£361.5K01/230.35 mi119, Main Road, Long Hanborough, Witney, Oxfordshire OX29 8JX2
£425K09/220.77 mi12, Wroslyn Road, Freeland, Witney, Oxfordshire OX29 8HU2
£253.9K12/200.8 mi10, Woodlands, Freeland, Witney, Oxfordshire OX29 8HD2
£585K01/211.12 miEvenlode Cottage, Horns Lane, Combe, Witney, Oxfordshire OX29 8NH2
£380K03/211.17 miBibury Cottage, Church Walk, Combe, Witney, Oxfordshire OX29 8NQ2
£450K06/241.17 miBibury Cottage, Church Walk, Combe, Witney, Oxfordshire OX29 8NQ2
£385K09/221.76 mi31, Park Street, Bladon, Woodstock, Oxfordshire OX20 1RW2
£335K08/231.77 miRose Cottage, Lamb Lane, Bladon, Woodstock, Oxfordshire OX20 1RP2
£402.8K08/211.78 mi22, Park Street, Bladon, Woodstock, Oxfordshire OX20 1RW2
£335K01/211.81 mi7, Church Street, Bladon, Woodstock, Oxfordshire OX20 1RS2
£347K02/211.81 mi8, Church Street, Bladon, Woodstock, Oxfordshire OX20 1RS2
£315K02/211.85 mi77, Park Road, North Leigh, Witney, Oxfordshire OX29 6SB2
£395K03/221.89 mi17, Heath Lane, Bladon, Woodstock, Oxfordshire OX20 1RZ2
£915K03/211.89 mi34, Grove Road, Bladon, Woodstock, Oxfordshire OX20 1RD2
£520K01/211.89 mi8, Grove Road, Bladon, Woodstock, Oxfordshire OX20 1RD2
£290K03/211.96 mi64, Heath Lane, Bladon, Woodstock, Oxfordshire OX20 1SA2

Local Rents

50 rents from £900/mo to £4.8K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,40012/230.03 mi-2
£1,20006/240.08 miRoosevelt Road, Long Hanborough, OX292
£1,35009/230.11 mi-2
£3,10006/240.11 mi-2
£1,60006/240.17 mi10a Main Road Long Hanborough, Witney3
£1,00001/250.25 mi-1
£1,00003/250.25 mi-1
£1,75012/240.35 miAbelwood Road, Long Hanborough5
£1,95012/240.35 miAbelwood Road, Long Hanborough4
£1,20009/240.36 mi-1
£1,20001/250.36 mi-1
£1,09506/240.39 miWitney Road, Long Hanborough OX29 8BJ1
£3,25008/230.43 mi-4
£2,99508/240.43 mi-4
£3,25012/240.43 miMillwood Farm Barns, Long Hanborough, Witney, OX294
£2,90002/250.49 mi-3
£1,85006/240.52 mi-3
£1,00006/240.72 miWroslyn Road, Witney, Oxfordshire1
£1,15006/240.76 miWilloughby Fields, Wroslyn Road, Freeland, Oxfordshire, OX292
£1,05009/240.76 mi-1
£1,79512/240.78 miWroslyn Road Freeland OX293
£1,50012/240.85 miWroslyn Road, Freeland, OX292
£2,30005/240.89 mi-4
£1,10007/241.02 mi-1
£4,75012/241.05 miMain Road, OX292
£1,85006/241.17 miChurch Walk, Combe, Witney, Oxfordshire, OX293
£3,50006/241.19 miHigherWestfieldFarmhouse5
£90012/241.28 miOrchard Close, Combe1
£1,27506/241.35 miAkeman Street, Witney, Oxfordshire3
£2,50006/241.78 miBladon4
£1,40006/241.78 miPark Street,Bladon,OX202
£1,20006/241.8 miChurch Street, Bladon, Woodstock, Oxfordshire, OX201
£1,60006/241.82 miOakley Cottage, Lincoln Grove, Bladon2
£1,40006/241.87 mi1 Sunderland Court, Bladon,OX202
£2,25006/241.95 miGrove Road, Bladon, Woodstock, Oxfordshire, OX203
£1,55002/252.19 mi-2
£92506/242.2 miManor Road, Woodstock, OX20 1XJ1
£1,65006/242.2 miOxford Street Woodstock2
£2,00006/242.2 miOxford Street **Available in June Short Let** OX20 1TL4
£2,00003/252.21 mi-3
£2,00006/242.21 miRectory Lane, Woodstock, OX203
£1,00006/242.22 miWoodstock, Oxfordshire, OX201
£3,20006/242.22 miHigh Street, Woodstock4
£2,25004/252.22 mi-2
£3,20006/242.23 miMarket Place, Woodstock2
£99502/252.24 mi-1
£1,90010/242.25 mi-2
£1,25012/242.25 mi-2
£1,35010/242.25 mi-2
£1,95006/242.25 miWoodstock, Oxfordshire, OX20 1XR3

Local Area Statistics

Population in OX29

23,056

Population in Witney

50,632

Town centre distance

4.82 miles away

Nearest school

2.70 miles away

Nearest train station

0.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+7%

Property History

Listed for £350,000

January 23, 2025

Floor Plans

Description

  • Two bedroom detached bungalow in the village of Long Hanborough +
  • The property does require modernisation throughout but could be made into a wonderful home +
  • Potential to extend(Subject to all the relevant planning and building regulations) +
  • Useful outbuilding at the bottom of the garden that is insulated and has power and light +
  • A number of off street parking spaces to the front of the property +
  • Close to a number of local amenities within the village +

A two-bedroom detached bungalow in long Hanborough that requires modernisation but also offers the potential for an extension subject to relevant planning and building regulation. Internally the property offers flexible accommodation to include an entrance hall leading to a hall where you will find all the accommodation to include a fitted kitchen with side access, living room with French doors into the garden, two bedrooms and the bathroom. Outside there is an enclosed lawned garden with fruit trees. There is a paved area off the back of the house and a useful studio/office that is insulated and offers power, lighting, heating, and phone/internet. There is side access that leads to the front of the property where you will find a number of off-street parking spaces. Long Hanborough is a vibrant and well-placed village standing above the Evenlode Valley, c.7 miles north-west of Oxford. There are shops for day-to-day needs including a Co-Op with Post Office, a modern primary school, medical centre, dental practice, churches, choice of pubs, fish and chip shop, cafes and a garage. There is a railway station on the Worcester-Oxford-London (Paddington) line, alternatively Oxford Parkway (c.7miles) runs a service to London Marylebone, and the S7 bus service that runs between Witney-Woodstock-Oxford.

Agent Details

Breckon & Breckon, Woodstock

01993 225908

Next Steps?

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