2 Bed Terraced House, Refurb/BRRR, Witney, OX29 8HU, £450,000

Wroslyn Road, Freeland, OX29 8HU - 2 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~68 m²
+21 photos

ValuationOvervalued

Sold Prices£220K - £915K
Sold Prices/m²£3.3K/m² - £11.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£6.6K/m²

Value Estimate

£339,491

 

 

End Value (After Refurb)

£392,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£29,800

Bridging Loan Interest

£11,813

Total Cash In

£180,563

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£392,250

Mortgage (After Refinance)

£294,188

Mortgage LTV

75%

Cash Left In

£180,563

Equity

£98,063

Rent Range

£900 - £11,500

Rent Estimate

£2,014

Running Costs/mo

£1,649

Cashflow/mo

£365

Cashflow/yr

£4,385

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £220K to £915K, average is £360.8K. £3.3K/m² to £11.7K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£425K09/220 mi12, Wroslyn Road, Freeland, Witney, Oxfordshire OX29 8HU2
£390K03/230.46 mi17, Hurdeswell, Long Hanborough, Witney, Oxfordshire OX29 8DQ2
£253.9K12/200.55 mi10, Woodlands, Freeland, Witney, Oxfordshire OX29 8HD2
£328K12/210.57 mi21, Millwood End, Long Hanborough, Witney, Oxfordshire OX29 8BN2
£318K03/240.7 mi8a, Roosevelt Road, Long Hanborough, Witney, Oxfordshire OX29 8JG2
£375K10/200.74 mi56, Main Road, Long Hanborough, Witney, Oxfordshire OX29 8BD2
£307K03/240.75 mi27, Pinsley Road, Long Hanborough, Witney, Oxfordshire OX29 8JQ2
£315K02/211.1 mi77, Park Road, North Leigh, Witney, Oxfordshire OX29 6SB2
£361.5K01/231.12 mi119, Main Road, Long Hanborough, Witney, Oxfordshire OX29 8JX2
£585K01/211.12 miEvenlode Cottage, Horns Lane, Combe, Witney, Oxfordshire OX29 8NH2
£380K03/211.25 miBibury Cottage, Church Walk, Combe, Witney, Oxfordshire OX29 8NQ2
£450K06/241.25 miBibury Cottage, Church Walk, Combe, Witney, Oxfordshire OX29 8NQ2
£260K06/211.27 mi70, Windmill Road, North Leigh, Witney, Oxfordshire OX29 6RJ2
£445K12/201.38 miArethusa, Church Road, North Leigh, Witney, Oxfordshire OX29 6TX2
£270K02/241.38 miHazel Cottage, Church Road, North Leigh, Witney, Oxfordshire OX29 6TX2
£435K03/231.38 miChurch Cottage, Church Road, North Leigh, Witney, Oxfordshire OX29 6TX2
£373K09/221.41 mi2, Chapel Lane, North Leigh, Witney, Oxfordshire OX29 6SD2
£350K01/241.41 mi1, Windmill Road, North Leigh, Witney, Oxfordshire OX29 6RH2
£397K03/212.2 miManor Lodge, The Cross, Stonesfield, Witney, Oxfordshire OX29 8PT2
£455.6K08/222.2 miThe Cottage At The Cross, The Cross, Stonesfield, Witney, Oxfordshire OX29 8PT2
£360K06/212.28 mi1, Maltsters, Stonesfield, Witney, Oxfordshire OX29 8PN2
£420K05/232.39 miWell Cottage, Well Lane, Stonesfield, Witney, Oxfordshire OX29 8EX2
£275K07/242.43 mi62, Longore, Stonesfield, Witney, Oxfordshire OX29 8EF2
£385K09/222.53 mi31, Park Street, Bladon, Woodstock, Oxfordshire OX20 1RW2
£335K08/232.54 miRose Cottage, Lamb Lane, Bladon, Woodstock, Oxfordshire OX20 1RP2
£402.8K08/212.55 mi22, Park Street, Bladon, Woodstock, Oxfordshire OX20 1RW2
£335K01/212.59 mi7, Church Street, Bladon, Woodstock, Oxfordshire OX20 1RS2
£347K02/212.59 mi8, Church Street, Bladon, Woodstock, Oxfordshire OX20 1RS2
£395K03/222.66 mi17, Heath Lane, Bladon, Woodstock, Oxfordshire OX20 1RZ2
£915K03/212.67 mi34, Grove Road, Bladon, Woodstock, Oxfordshire OX20 1RD2
£520K01/212.67 mi8, Grove Road, Bladon, Woodstock, Oxfordshire OX20 1RD2
£290K03/212.73 mi64, Heath Lane, Bladon, Woodstock, Oxfordshire OX20 1SA2
£306K04/232.79 mi31, Greens Road, Eynsham, Witney, Oxfordshire OX29 4NQ2
£255K01/212.83 mi6, Shakespeare Road, Eynsham, Witney, Oxfordshire OX29 4PY2
£260K03/212.83 mi16, Shakespeare Road, Eynsham, Witney, Oxfordshire OX29 4PY2
£220K03/212.87 mi18, Marlborough Place, Eynsham, Witney, Oxfordshire OX29 4LZ2
£220K03/212.87 mi18, Marlborough Place, Eynsham, Witney, Oxfordshire OX29 4LZ2
£260K03/212.87 mi7, Marlborough Place, Eynsham, Witney, Oxfordshire OX29 4NB2
£430K11/202.87 mi13, Manor Road, Woodstock, Oxfordshire OX20 1XP2
£350K11/222.89 mi75, Manor Road, Woodstock, Oxfordshire OX20 1XR2
£340K11/202.9 mi73, Grove Road, Bladon, Woodstock, Oxfordshire OX20 1RJ2
£650K04/242.93 mi96, Oxford Street, Woodstock, Oxfordshire OX20 1TX2
£415.3K06/212.93 mi3, Brook Hill, Woodstock, Oxfordshire OX20 1XH2
£410K12/212.93 mi6, Brook Hill, Woodstock, Oxfordshire OX20 1XH2
£415K01/232.93 mi10, Brook Hill, Woodstock, Oxfordshire OX20 1XH2
£360K04/212.93 mi10, Brook Hill, Woodstock, Oxfordshire OX20 1XH2
£410K12/212.93 mi6, Brook Hill, Woodstock, Oxfordshire OX20 1XH2
£435K02/232.93 mi8, Brook Hill, Woodstock, Oxfordshire OX20 1XH2
£290K09/222.94 mi18, Dovehouse Close, Eynsham, Witney, Oxfordshire OX29 4EX2
£310K02/232.95 mi30, Dovehouse Close, Eynsham, Witney, Oxfordshire OX29 4EX2

Local Rents

46 rents from £900/mo to £11.5K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,79512/240.12 miWroslyn Road Freeland OX293
£1,15006/240.22 miWilloughby Fields, Wroslyn Road, Freeland, Oxfordshire, OX292
£1,05009/240.22 mi-1
£1,10007/240.25 mi-1
£1,85006/240.25 mi-3
£1,00006/240.28 miWroslyn Road, Witney, Oxfordshire1
£2,90002/250.28 mi-3
£1,20009/240.42 mi-1
£1,20001/250.42 mi-1
£1,09506/240.43 miWitney Road, Long Hanborough OX29 8BJ1
£3,25008/230.52 mi-4
£2,99508/240.52 mi-4
£3,25012/240.52 miMillwood Farm Barns, Long Hanborough, Witney, OX294
£1,75012/240.52 miAbelwood Road, Long Hanborough5
£1,95012/240.52 miAbelwood Road, Long Hanborough4
£1,00001/250.54 mi-1
£1,00003/250.54 mi-1
£2,30005/240.55 mi-4
£1,50012/240.58 miWroslyn Road, Freeland, OX292
£1,60006/240.62 mi10a Main Road Long Hanborough, Witney3
£3,10006/240.67 mi-2
£1,20006/240.7 miRoosevelt Road, Long Hanborough, OX292
£1,35009/230.7 mi-2
£1,40012/230.75 mi-2
£3,50006/241.14 miHigherWestfieldFarmhouse5
£1,85006/241.26 miChurch Walk, Combe, Witney, Oxfordshire, OX293
£90012/241.32 miOrchard Close, Combe1
£1,27506/241.48 miAkeman Street, Witney, Oxfordshire3
£99506/241.57 miNorth Leigh2
£1,89506/241.66 miCommon Road, North Leigh3
£4,75012/241.82 miMain Road, OX292
£1,10012/242.15 miCombe Road, Stonesfield, OX291
£11,50012/242.18 miStonesfield7
£1,47507/232.19 mi-3
£1,80012/242.19 miWilliam Buckland Way, Witney, Oxfordshire3
£2,30012/242.23 miChurchfields, Stonesfield, Witney, Oxfordshire, OX293
£1,55008/242.24 mi-3
£1,75012/242.27 miBarretts Close, Stonesfield4
£1,40006/242.34 miThe Tewer, Witney, Oxfordshire2
£1,40003/232.4 mi-2
£1,50012/242.4 mi-2
£1,60012/242.4 mi-2
£1,50012/242.4 miLaughton Hill, Witney, OX292
£1,05009/242.41 mi-2
£1,90012/242.43 miStonesfield, Witney, OX294
£3,65006/242.46 miLittleworth Barn, Akeman Street, OX293

Local Area Statistics

Population in OX29

23,056

Population in Witney

50,632

Town centre distance

4.10 miles away

Nearest school

0.40 miles away

Nearest train station

0.99 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+7%

Property History

Listed for £450,000

February 15, 2025

Floor Plans

Description

  • Beautiful two bedroom cottage that could offer potential for a third bedroom in the loft +
  • Two downstairs reception rooms with high ceilings and feature fire places, kitchen and a downstairs cloakroom +
  • 166 ft lawned garden that is mainly laid to lawn. Agent note - Two neighbouring properties do have a right of way over the garden if required +
  • Two bedrooms and a family bathroom to the first floor +
  • A number of off street parking spaces to the front of the hosue with more parking behind the gates if required +

A wonderful Georgian built two bedroom cottage in Freeland that has had some modernisation over the past few years. The property could also offer potential for a third bedroom in the loft subject to all the relevant planning and building regulations. Internally the property offers a striking living room with high ceilings and a feature fire place, this goes through to the separate dining room with a further fire place. There is also a down stairs cloakroom and a fitted kitchen to the back of the house with a door into the rear garden. The first floor has two bedroom with the larger master bedroom at the front of the house with a useful cupboard and a family bathroom. The West facing enclosed rear gardens are approx. 166ft long and mainly laid to lawn with with a shingled area that could be used for additional parking. There is a large shed that also has power too. The front of the property has a further small garden area and then a number of off street parking spaces to the side of the property. Agent Note - Please be aware that the two neighbouring properties do have right of way over the rear garden if required. Freeland lies approx 6 miles north-east of Oxford. There is a modern primary school, and a local pub.  A bus service operates to Oxford, Woodstock and the local market town of Witney, each approx 4 miles.  There is a railway station in the neighbouring village of Long Hanborough (1½ miles).  The A40 trunk road is within 2 miles, giving access to Oxford, Cheltenham and the west.

EPC Rating: D

Agent Details

Breckon & Breckon, Woodstock

01993 225908

Next Steps?

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