2 Bed Flat, Single Let, Oxford, OX3 8TG, £280,000

Joan Lawrence Place, Headington, Oxford, OX3 8TG - 2 views - 21 days ago

Leasehold
BTL
ROI: 3%
~68 m²
+10 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£11,100

Total Cash In

£81,100

 

 

Cash Out

 

Rent Range

£1,300 - £2,750

Rent Estimate

£1,350

Running Costs/mo

£1,165

Cashflow/mo

£185

Cashflow/yr

£2,220

ROI

3%

Gross Yield

6%













Local Rents

50 rents from £1.3K/mo to £2.8K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,55008/240.02 miJoan Lawrence Place, Headington, OX32
£1,35006/240.11 miJoan Lawrence Place, Headington, OX32
£1,50008/240.12 mi-2
£1,50007/240.12 miHeadington, Oxford, OX32
£1,72503/240.12 miOld Road, Oxford, Oxfordshire, OX32
£1,35008/240.14 miMasons Road, Headington, OX32
£1,35006/240.18 miAshley Court, Headington2
£1,50007/240.18 miAshley Court, Headington, OX32
£1,40006/240.2 miOld Road, Headington, OX32
£1,35006/240.21 miDorchester Close Headington Oxford2
£1,65001/240.24 mi-2
£1,65008/240.24 miDorchester Close, Oxford, OX3 8SS2
£1,45008/240.24 miHeadington, Oxford2
£1,45007/240.26 miDouglas Downes Close, Headington, Oxford, OX32
£1,40007/240.27 miHeadington, Oxford, OX32
£1,40012/240.33 mi-2
£1,50008/240.34 miGirdlestone Close, Headington, OX32
£2,25008/240.36 miYork Road, Headington, Oxford, Oxfordshire, OX32
£1,30006/240.36 miBulan Road, Headington, OX32
£1,60012/240.38 mi-2
£1,40006/240.38 miCinnaminta Road, Headington, OX32
£1,45007/240.39 miCinnaminta Road, Headington, OX32
£1,67506/240.4 miWooldridge Court, Margaret Road, OX32
£1,55008/240.41 miWooldridge Court, Headington, OX32
£1,68006/240.42 miWooldridge Court, Margaret Road, Headington, OX3 8SE2
£1,35007/240.44 miHeadington, Oxford, OX32
£1,60006/240.45 miMarywood House, Headington, OX32
£2,75008/240.46 miWharton Road, Headington, OX32
£1,40006/240.47 miNursery Close, Headington, OX3 7AG2
£1,55006/240.48 miNursery Close, Headington, OX32
£1,55006/240.48 miNursery Close, Headington, OX32
£1,75008/240.49 miSpring Lane, Headington Quarry2
£1,60008/240.5 miGardiner Street, Headington, Oxford, OX3 7AW2
£1,60008/240.52 miLime Walk, Headington,OX3 7AF2
£1,75006/240.53 miPerrin Street, Oxford, OX32
£1,45008/240.54 miLinacre Court, Spring Lane, Headington, Oxford2
£1,65008/240.54 miWindsor Street, Headington, OX3 7AP2
£1,70006/240.55 miLinacre Court, Headington, OX3 8 LU2
£1,45007/240.55 miNew High Street, Headington, Oxford, Oxfordshire, OX32
£2,48008/240.57 mi-2
£2,48007/240.57 miLime Walk, Headington, Oxford, OX32
£1,42508/240.57 miLime Walk, Headington, Oxford, OX32
£1,62507/240.57 miSt Leonards Road, Headington, Oxford, OX3 8AD2
£1,55008/240.59 miBeuamont Road, Headington Quarry, OX3 8JN2
£1,50006/240.59 miBeaumont Road, Headington, Oxfordshire , OX3 8JN2
£1,40001/250.59 mi-2
£1,40002/250.59 mi-2
£1,37508/240.59 miAwgar Stone Road, Headington, OXFORD, OX32
£1,37508/240.59 miAwgar Stone Road, Headington, OXFORD, OX32
£1,37508/240.59 miAwgar Stone Road, Headington, OXFORD, OX32

Local Area Statistics

Population in OX3

43,429

Population in Oxford

160,498

Town centre distance

2.39 miles away

Nearest school

0.10 miles away

Nearest train station

2.94 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £280,000

February 24, 2025

Floor Plans

Description

  • Two bedroom 2nd floor apartment +

  • Ideal first time/investment purchase +

  • Allocated parking +

  • Communal gardens +

  • No onward chain +

  • Entrance hall with ample storage +

  • 125 year lease from 1992 +

  • £200pa Ground rent / £1367pa service charge +

SUMMARY
Offered for sale with the benefit of no onward chain is this modern two double bedroom 2nd floor apartment, ideally located within easy walking distance of both the Churchill and Nuffield Hospitals. A great opportunity to purchase as either a first time or investment buyer.

DESCRIPTION
Joan Lawrence Place is a small collection of modern apartments situated on the edge of the established Wood Farm area of Headington.
The property is offered for sale with the peace of mind of 'no onward chain' and would make an excellent buy to let or first-time purchase.

In brief the accommodation comprises entrance hall with two large storage cupboards, a large dual aspect sitting/dining room, separate kitchen, two double bedrooms and the bathroom complete the internal space.

Externally there are communal gardens and allocated parking spaces as well as visitors' spaces too.

Wood Farm provides excellent location facilities to include fast food outlets, post office, hairdressers, and a co-op mini supermarket. Busses run regularly to and from central oxford as well as the local hospitals.

Entrance Hall 
Security Intercom, loft access, coved ceiling electric heater.

Living Room  18' 9" narrowing to x 9' 11" ( 5.71m narrowing to x 3.02m )
Window to the side and velux window to the front aspect, electric heater, TV point, restricted head room.

Kitchen  8' 4" narrowing to x 6' 6" ( 2.54m narrowing to x 1.98m )
Velux window to the front aspect, fitted with a selection of floor and wall units, inset sink unit, space and plumbing for a washing machine, built in oven, hob and extractor over. Restricted head room

Bedroom 1.  14' 3" narrowing to x 7' 1" ( 4.34m narrowing to x 2.16m )
Two velux windows to the rear aspect, electric heater, restricted head room.

Bedroom 2.  8' 4" narrowing to x 7' 6" ( 2.54m narrowing to x 2.29m )
Velux window to the front aspect, electric heater, restricted head room

Bathroom  
White suite comprising a low level WC, pedestal wash hand basin, bath with shower over. Light and shaver point, electric heater.

Parking 
one allocated space

Communal Gardens  

DIRECTIONS
From Connells Headington office proceed south at the lights onto Windmill Road, take the left turning at the large traffic lights on to Old Road, first right into Titup Hall Drive and then first right into Jon Lawrnce Place where number 11 is located within the 2nd building on the left hand side.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

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: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Headington

01865 638607

Next Steps?

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