3 Bed Terraced House, Refurb/BRRR, Witney, OX28 4AJ, £350,000

The Springs, Witney, Oxfordshire, OX28 4AJ - 3 views - a month ago

Refurb/BRRR
ROI: 1%
~93 m²
+15 photos

ValuationFair Value

Sold Prices£163K - £481K
Sold Prices/m²£1.8K/m² - £7K/m²

 

 

Square Metres

~93 m²
Price/m²£3.8K/m²

Value Estimate

£351,432

 

 

End Value (After Refurb)

£363,143

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£23,700

Refurb Costs

£40,800

Bridging Loan Interest

£9,188

Total Cash In

£162,938

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£363,143

Mortgage (After Refinance)

£272,357

Mortgage LTV

75%

Cash Released

£9,857

Cash Left In

£153,080

Equity

£90,786

Rent Range

£1,400 - £1,850

Rent Estimate

£1,561

Running Costs/mo

£1,467

Cashflow/mo

£94

Cashflow/yr

£1,128

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £163K to £481K, average is £318K. £1.8K/m² to £7K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£163K05/210 mi2, The Springs, Witney, Oxfordshire OX28 4AJ3
£410K06/210.07 mi86, The Crofts, Witney, Oxfordshire OX28 4AF3
£356K12/220.11 mi16, Willowbank, Witney, Oxfordshire OX28 4DQ3
£420K03/210.11 mi1, Willowbank, Witney, Oxfordshire OX28 4DQ3
£368K11/200.12 mi27, The Crofts, Witney, Oxfordshire OX28 4AQ3
£325K06/230.13 mi31, Highworth Place, Witney, Oxfordshire OX28 4AB3
£330K11/220.13 mi57, The Crofts, Witney, Oxfordshire OX28 4AQ3
£335K12/210.17 mi18, The Crofts, Witney, Oxfordshire OX28 4AD3
£400.5K04/210.2 mi30, Orchard Way, Witney, Oxfordshire OX28 4EW3
£325K02/210.21 mi18, Corndell Gardens, Witney, Oxfordshire OX28 4DF3
£305K06/230.22 mi14, Swan Court, Witney, Oxfordshire OX28 6EA3
£253K06/210.23 mi238, Colwell Drive, Witney, Oxfordshire OX28 5LW3
£272.5K02/210.23 mi173, Queen Emmas Dyke, Witney, Oxfordshire OX28 4EU3
£285K12/210.23 mi189, Queen Emmas Dyke, Witney, Oxfordshire OX28 4EU3
£260K01/210.23 mi187, Queen Emmas Dyke, Witney, Oxfordshire OX28 4EU3
£235K11/220.3 mi174, Colwell Drive, Witney, Oxfordshire OX28 5NN3
£300K03/230.3 mi42, Wilmot Close, Witney, Oxfordshire OX28 5NL3
£281K07/210.3 mi17, Wilmot Close, Witney, Oxfordshire OX28 5NL3
£385K11/200.33 mi50, Ducklington Lane, Witney, Oxfordshire OX28 5JA3
£335K02/210.33 mi46, Ducklington Lane, Witney, Oxfordshire OX28 5JA3
£480K06/210.33 mi9, Ducklington Lane, Witney, Oxfordshire OX28 5JD3
£272K05/210.33 mi23, Ashcombe Close, Witney, Oxfordshire OX28 6NL3
£290K01/210.34 mi59, Colwell Drive, Witney, Oxfordshire OX28 5NJ3
£245K04/210.34 mi47a, Colwell Drive, Witney, Oxfordshire OX28 5NJ3
£320K11/220.35 mi71, Barrington Close, Witney, Oxfordshire OX28 5FJ3
£304K04/210.35 mi66, Holloway Road, Witney, Oxfordshire OX28 6NG3
£365K02/230.35 mi30, Holford Road, Witney, Oxfordshire OX28 5NG3
£310K03/210.35 mi21, Holford Road, Witney, Oxfordshire OX28 5NG3
£310K10/230.35 mi28, Holford Road, Witney, Oxfordshire OX28 5NG3
£400K11/220.35 mi72, Holloway Road, Witney, Oxfordshire OX28 6NG3
£375K01/210.35 mi38, Langdale Gate, Witney, Oxfordshire OX28 6EY3
£481K07/230.35 mi50, Langdale Gate, Witney, Oxfordshire OX28 6EY3
£325K04/210.35 mi27, South Lawn, Witney, Oxfordshire OX28 5HY3
£300K04/210.36 mi4, Orkney Place, Witney, Oxfordshire OX28 4DY3
£316K08/210.38 mi66, Colwell Drive, Witney, Oxfordshire OX28 5NQ3
£352.5K08/230.38 mi38, Colwell Drive, Witney, Oxfordshire OX28 5NQ3
£350K02/210.39 mi54, South Lawn, Witney, Oxfordshire OX28 5HX3
£391.6K02/230.39 mi22, Walnut Close, Witney, Oxfordshire OX28 5XH3
£285K04/210.4 mi5, Walnut Close, Witney, Oxfordshire OX28 5XH3
£387.5K11/230.4 mi20, Fairfield Drive, Witney, Oxfordshire OX28 5LB3
£325K02/210.42 mi17, Church View Road, Witney, Oxfordshire OX28 5HT3
£300K08/230.43 mi209, Moorland Road, Witney, Oxfordshire OX28 6LH3
£325K02/210.44 mi69, Moorland Road, Witney, Oxfordshire OX28 6LT3
£280K12/220.44 mi65, Moorland Road, Witney, Oxfordshire OX28 6LS3
£283K10/210.44 mi37, Moorland Road, Witney, Oxfordshire OX28 6LS3
£235K04/210.45 mi184, Burwell Meadow, Witney, Oxfordshire OX28 5JJ3
£245K05/210.45 mi7, Abbey Road, Witney, Oxfordshire OX28 5LG3
£360K04/230.45 mi29, Abbey Road, Witney, Oxfordshire OX28 5LG3
£296K04/210.46 mi40, Abbey Road, Witney, Oxfordshire OX28 5LE3
£269K06/210.46 mi3, Blenheim Drive, Witney, Oxfordshire OX28 5LL3

Local Rents

19 rents from £1.4K/mo to £1.9K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,45006/240.08 miWeavers Close, Witney3
£1,55008/240.09 miThe Crofts, Central Witney3
£1,60006/240.18 miThe Crofts, Witney, Oxfordshire, OX283
£1,40009/240.19 miOrchard Way, Witney3
£1,72507/240.21 miCorndell Gardens, Witney3
£1,45007/240.22 miQueen Emmas Dyke, Witney, Oxon, OX28 4EU3
£1,85001/240.22 mi-3
£1,69506/240.24 miCorn Street, Witney3
£1,60008/240.26 miColwell Drive, Burwell, OX283
£1,50004/250.29 mi-3
£1,40007/240.34 miColwell Drive, Witney, Oxfordshire3
£1,40007/240.34 miColwell Drive, Witney, Oxfordshire3
£1,43007/240.34 miColwell Drive, Witney, Oxfordshire3
£1,70006/240.36 miLangdale Gate, Witney3
£1,70007/240.37 miWilmott Close, Witney, OX283
£1,70008/240.39 miAbbey Road, Witney, Oxfordshire, OX283
£1,55007/240.48 miBurwell Drive, Witney3
£1,45007/240.49 miWoodford Way, Witney, OX283
£1,45006/240.6 miAshcombe Crescent, Witney3

Local Area Statistics

Population in OX28

27,576

Population in Witney

50,632

Town centre distance

0.54 miles away

Nearest school

0.10 miles away

Nearest train station

5.06 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+7%

Property History

Listed for £350,000

March 12, 2025

Floor Plans

Description

  • No Chain +
  • Opportunity to Update +
  • Three Bedrooms +
  • Two Reception Rooms +
  • Good Sized Garden +
  • Convenient Location +

Offered for sale with no chain, a three bedroom end of terrace property in need of updating and refurbishment. Good sized garden, close to town centre and offered for sale with no chain.

Built in 1900 this property has two reception rooms, a galley kitchen and ground floor bathroom.

To the first floor are two bedrooms and a third bedroom on the second floor.

The rear garden is mainly laid to lawn.

Located close to the town centre, within easy reach of local amenities and public transport.

Please call for further information, or to arrange a viewing.

Agent Details

Scottfraser, Witney

01993 225872

Next Steps?

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