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