2 Bed Terraced House, Refurb/BRRR, Oxford, OX4 4LZ, £280,000

Lakefield Road, Oxford, OX4 4LZ - 2 views - 2 months ago

Auction
Refurb/BRRR
ROI: 3%
~68 m²
+8 photos

ValuationFair Value

Sold Prices£130K - £690K
Sold Prices/m²£1.9K/m² - £11.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.1K/m²

Value Estimate

£280,000

 

 

End Value (After Refurb)

£299,592

Uplift in Value

+7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£11,100

Refurb Costs

£30,563

Bridging Loan Interest

£7,350

Total Cash In

£120,763

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£299,592

Mortgage (After Refinance)

£224,694

Mortgage LTV

75%

Cash Released

£14,694

Cash Left In

£106,068

Equity

£74,898

Rent Range

£1,050 - £2,950

Rent Estimate

£1,531

Running Costs/mo

£1,262

Cashflow/mo

£269

Cashflow/yr

£3,223

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £130K to £690K, average is £324.3K. £1.9K/m² to £11.3K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£285K05/230 mi40, Lakefield Road, Oxford, Oxfordshire OX4 4LZ2
£305K01/230.01 mi47, Lakefield Road, Oxford, Oxfordshire OX4 4LZ2
£375K06/210.16 miSandford Lodge, 24, Lawn Upton Close, Littlemore, Oxford, Oxfordshire OX4 4QF2
£275K03/210.18 mi45, Alice Smith Square, Littlemore, Oxford, Oxfordshire OX4 4NG2
£310K07/230.28 mi36, Marlborough Close, Littlemore, Oxford, Oxfordshire OX4 4PH2
£295K11/200.28 mi19, Marlborough Close, Littlemore, Oxford, Oxfordshire OX4 4PH2
£358.5K08/210.29 mi18, Pipley Furlong, Littlemore, Oxford, Oxfordshire OX4 4JW2
£337K03/210.31 mi20, Dudgeon Drive, Oxford, Oxfordshire OX4 4QL2
£415K12/230.31 mi7, Chapel Lane, Littlemore, Oxford, Oxfordshire OX4 4QB2
£302.5K10/230.34 mi35b, Oxford Road, Littlemore, Oxford, Oxfordshire OX4 4PF2
£410K09/210.36 mi26, Oxford Road, Littlemore, Oxford, Oxfordshire OX4 4PE2
£366K11/200.36 mi48, Oxford Road, Littlemore, Oxford, Oxfordshire OX4 4PE2
£370K04/230.36 mi52, Oxford Road, Littlemore, Oxford, Oxfordshire OX4 4PE2
£397K03/230.37 mi53, Cowley Road, Littlemore, Oxford, Oxfordshire OX4 4LF2
£387.5K10/230.48 mi27, Long Lane, Oxford, Oxfordshire OX4 3TN2
£350K12/220.48 mi21, Henley Road, Sandford On Thames, Oxford, Oxfordshire OX4 4YN2
£357.5K12/220.52 mi108, Herschel Crescent, Oxford, Oxfordshire OX4 3TU2
£355K07/230.52 mi38, Broadhurst Gardens, Littlemore, Oxford, Oxfordshire OX4 4YQ2
£280K01/210.52 mi14, Pheasant Walk, Littlemore, Oxford, Oxfordshire OX4 4XY2
£260K07/210.55 mi39, Broadfields, Littlemore, Oxford, Oxfordshire OX4 6LP2
£247K11/210.55 mi40, Broadfields, Littlemore, Oxford, Oxfordshire OX4 6LP2
£255K03/210.55 mi4, Broadfields, Littlemore, Oxford, Oxfordshire OX4 6LP2
£260K08/230.55 mi30, Broadfields, Littlemore, Oxford, Oxfordshire OX4 6LP2
£310K11/230.55 mi6, Broadfields, Littlemore, Oxford, Oxfordshire OX4 6LP2
£370K05/210.56 mi10, Addison Drive, Littlemore, Oxford, Oxfordshire OX4 3UD2
£335K10/230.63 mi6a, Van Diemans Lane, Oxford, Oxfordshire OX4 3QA2
£323.5K12/200.69 mi27, Spencer Crescent, Oxford, Oxfordshire OX4 4SN2
£230K06/230.7 mi2a, Knights Road, Oxford, Oxfordshire OX4 6DF2
£345K12/220.71 mi74, Spencer Crescent, Oxford, Oxfordshire OX4 4SW2
£287.5K04/210.75 mi15, Rivermead Road, Oxford, Oxfordshire OX4 4UD2
£325K02/230.82 mi12, Tern Walk, Oxford, Oxfordshire OX4 7FR2
£325K12/230.86 mi6, Acacia Avenue, Oxford, Oxfordshire OX4 7GY2
£400K12/220.88 mi8, Villiers Lane, Oxford, Oxfordshire OX4 4HY2
£280.6K12/220.9 mi4, Wayfaring Close, Oxford, Oxfordshire OX4 7WF2
£130K02/210.92 mi8, Saxifrage Square, Oxford, Oxfordshire OX4 7WR2
£264.3K07/210.93 mi2, Frys Hill, Oxford, Oxfordshire OX4 7GN2
£310.1K06/230.93 mi3, Frys Hill, Oxford, Oxfordshire OX4 7GN2
£410K08/220.94 mi18, Ellesmere Road, Oxford, Oxfordshire OX4 4JG2
£335K04/230.95 mi46, Otters Reach, Kennington, Oxford, Oxfordshire OX1 5QL2
£325K07/210.95 mi55, Otters Reach, Kennington, Oxford, Oxfordshire OX1 5QL2
£307K08/220.95 mi21, Otters Reach, Kennington, Oxford, Oxfordshire OX1 5QL2
£219K07/210.97 mi214, Barns Road, Oxford, Oxfordshire OX4 3RQ2
£625K11/210.98 mi58, Tree Lane, Oxford, Oxfordshire OX4 4EY2
£690K04/230.98 mi56, Tree Lane, Oxford, Oxfordshire OX4 4EY2
£260K01/210.99 mi16, Forget Me Not Way, Oxford, Oxfordshire OX4 7ZD2
£275K01/211 mi6, River View, Kennington, Oxford, Oxfordshire OX1 5QJ2
£285K12/201 mi8, River View, Kennington, Oxford, Oxfordshire OX1 5QJ2
£345K02/241 mi14, River View, Kennington, Oxford, Oxfordshire OX1 5QJ2
£385K12/221 mi67, Church Cowley Road, Oxford, Oxfordshire OX4 3JS2
£300K03/241 mi28, Frys Hill, Oxford, Oxfordshire OX4 7GW2

Local Rents

40 rents from £1.1K/mo to £3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,35006/240.04 miLakefield Road, East Oxford, OX42
£1,45001/250.15 mi-2
£1,50012/240.16 mi-2
£1,45007/240.16 miMedhurst Way, Littlemore2
£1,40009/240.16 miMedhurst Way, Littlemore2
£2,39508/240.16 miLawn Upton Close, Littlemore, Oxford, OX42
£1,52507/240.2 miMandelbrote Drive, Littlemore2
£1,45008/240.2 miRadcliffe House Mandelbrote Drive, Littlemore, Oxford, Oxfordshire, OX42
£1,45008/240.2 mi19 Radcliffe House Mandelbrote Drive, Littlemore, Oxford2
£1,50008/240.2 mi-2
£1,50006/240.21 miRadcliffe House, Littlemore2
£1,90003/250.21 mi-2
£1,34009/240.21 miSt Georges Manor Mandlebrote Drive2
£1,65008/240.22 miMandelbrote Drive, Littlemore2
£1,60006/240.22 miSt Georges Manor, Mandelbrote Drive, OX42
£1,35008/240.25 miCollege Lane, Oxford2
£1,40007/240.25 miSt Georges Manor, Littlemore2
£1,55008/240.25 miSt Georges Manor, Littlemore, OX42
£1,35007/240.28 miMarlborough Close, Littlemore, OXFORD2
£1,50006/240.29 miPriory Road, East Oxford, OX42
£1,39505/240.44 mi-2
£1,45006/240.47 miPheasant Walk, East Oxford, OX42
£1,45007/240.49 miPheasant Walk, Littlemore, OX42
£1,50008/240.49 miPheasant Walk, Littlemore, OX42
£1,45006/240.52 miBroadhurst Gardens, Oxford, OX4 4YQ2
£1,55006/240.53 mi-2
£1,50007/240.53 miOxford Road, Littlemore, OXFORD2
£1,50007/240.53 miOxford Road, Littlemore, OXFORD2
£1,45003/250.54 mi-2
£1,40007/240.55 miAddison Drive, Littlemore, OXFORD2
£1,50006/240.56 miOxford Road, Littlemore, OXFORD2
£1,40002/250.57 mi-2
£1,40002/250.57 mi-2
£1,80008/240.57 mi-2
£2,95003/250.59 mi-2
£1,05012/230.59 mi-2
£1,25006/240.59 miFiennes Road, Oxford2
£1,30008/240.59 miFiennes Road, Oxford2
£1,55008/240.59 miBodley Road, Littlemore, Oxford, Oxfordshire, OX42
£1,45006/240.62 mi, 2

Local Area Statistics

Population in OX4

61,985

Population in Oxford

160,498

Town centre distance

3 miles away

Nearest school

0.10 miles away

Nearest train station

2.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+13%

Property History

Listed for £280,000

January 29, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • Driveway Parking To The Front +
  • No Onward Chain +
  • Rear Garden +
  • Generous Size Living Room +
  • Two Bedrooms +

SUMMARY
OPEN HOUSE - Saturday 8th February 12:00 - 14:30, contact us for details.

A two bedroom property offered for sale with no onward chain an ideal first time or investment buyer purchase.

DESCRIPTION
Allen & Harris are pleased to offer to the market this two bedroom property located in Littlemore.

This property is in need of some modernisation but offers a sitting room that measures in excess of 25 ft. in length, a newly upgraded gas central heating boiler, two generous bedrooms, bathroom

Externally the property enjoys a rear garden, driveway parking to the front, and is offered for sale with no onward chain.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Entrance Hall 

Living Room 15' 5" x 11' 9" ( 4.70m x 3.58m )

Kitchen  9' 1" x 8' 4" ( 2.77m x 2.54m )

Bedroom One 12' 8" x 8' 5" ( 3.86m x 2.57m )

Bedroom Two 11' 1" x 6' 6" ( 3.38m x 1.98m )

Bathroom 

Rear Garden  

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Allen & Harris, Oxford

01865 638996

Next Steps?

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