2 Bed Flat, Single Let, Witney, OX28 1DP, £210,000

Harvest Way, Witney, Oxfordshire, OX28 1DP - 1 views - a month ago

Leasehold

BTL

ROI: 5%

~68 m²

+3 photos

ValuationUndervalued

Sold Prices	£84K - £252.3K
Sold Prices/m²	£1.2K/m² - £5.3K/m²

Square Metres	~68.11 m²
Price/m²	£3.1K/m²
Value Estimate	£216,225£216,225
BMV	3%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£52,500£52,500
Stamp Duty & Legal Fees	£11,700£11,700
Total Cash In	£64,200£64,200

Cash Out
Rent Range	£925 - £1,500£925 - £1,500
Rent Estimate	£1,200
Running Costs/mo	£916£916
Cashflow/mo	£284£284
Cashflow/yr	£3,405£3,405
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

30 sold prices from £84K to £252.3K, average is £199K. £1.2K/m² to £5.3K/m², average is £3.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£220K	12/22	0.34 mi	11, Grey Lane, Witney, Oxfordshire OX28 1FN	£3,841	57	2	Flat
£225K	11/22	0.8 mi	6, Mead Lane, Witney, Oxfordshire OX28 1YD	£4,104	55	2	Flat
£195K	06/23	0.81 mi	23, New Bridge Street, Witney, Oxfordshire OX28 1YA	-	-	2	Flat
£117.5K	12/22	0.84 mi	45, Priory Mill Lane, Witney, Oxfordshire OX28 1YG	£1,734	68	2	Flat
£210K	05/23	0.85 mi	17, Priory Mill Lane, Witney, Oxfordshire OX28 1YG	£3,246	65	2	Flat
£184K	05/21	0.88 mi	1, Windrush Quay, Witney, Oxfordshire OX28 1YL	£2,115	87	2	Flat
£227.5K	06/21	0.88 mi	7, Windrush Quay, Witney, Oxfordshire OX28 1YL	£3,016	75	2	Flat
£220K	10/22	0.88 mi	2, Windrush Quay, Witney, Oxfordshire OX28 1YL	£3,385	65	2	Flat
£230K	07/21	0.88 mi	Flat 6, 4 Bridge Street Mills, Bridge Street, Witney, Oxfordshire OX28 1FX	-	-	2	Flat
£252.3K	03/21	0.88 mi	Flat 10, 4 Bridge Street Mills, Bridge Street, Witney, Oxfordshire OX28 1FX	-	-	2	Flat
£195K	08/23	0.95 mi	20, Waine Rush View, Witney, Oxfordshire OX28 4WX	£3,222	61	2	Flat
£140K	08/21	0.98 mi	18, Riverside Gardens, Witney, Oxfordshire OX28 6DD	£2,222	63	2	Flat
£185K	11/20	0.98 mi	7, Riverside Gardens, Witney, Oxfordshire OX28 6DD	£2,891	64	2	Flat
£175K	06/21	1.13 mi	16, Marriotts Walk, Witney, Oxfordshire OX28 6GX	£2,713	65	2	Flat
£210.9K	12/22	1.13 mi	25, Marriotts Walk, Witney, Oxfordshire OX28 6GX	£3,979	53	2	Flat
£193K	12/20	1.15 mi	41, Bathing Place Court, Witney, Oxfordshire OX28 6FR	£3,509	55	2	Flat
£170K	12/20	1.22 mi	17, Dark Lane, Witney, Oxfordshire OX28 6LE	£2,742	62	2	Flat
£180K	11/20	1.22 mi	21, Dark Lane, Witney, Oxfordshire OX28 6LE	£2,951	61	2	Flat
£235K	08/22	1.31 mi	1, Fox Close, Hailey, Witney, Oxfordshire OX29 9XL	£4,519	52	2	Flat
£220K	12/22	1.5 mi	220, Corn Street, Witney, Oxfordshire OX28 6DA	£5,344	41	2	Flat
£210K	11/21	1.5 mi	216, Corn Street, Witney, Oxfordshire OX28 6DA	£3,231	65	2	Flat
£252K	11/21	1.52 mi	Flat 59, Fernleigh, Buttercross Lane, Witney, Oxfordshire OX28 4DZ	-	-	2	Flat
£84K	10/22	1.62 mi	30, Wilkinson Place, Witney, Oxfordshire OX28 6JT	£1,183	71	2	Flat
£215K	10/20	1.62 mi	12, Wilkinson Place, Witney, Oxfordshire OX28 6JT	£2,829	76	2	Flat
£104.7K	01/21	1.62 mi	24, Wilkinson Place, Witney, Oxfordshire OX28 6JT	£1,689	62	2	Flat
£198K	09/22	1.72 mi	14a, Beechgate, Witney, Oxfordshire OX28 4JL	-	-	2	Flat
£180K	06/21	1.72 mi	41, Beechgate, Witney, Oxfordshire OX28 4JL	£3,520	51	2	Flat
£200K	11/21	1.72 mi	38, Beechgate, Witney, Oxfordshire OX28 4JL	£3,175	63	2	Flat
£161K	11/21	1.72 mi	22, Beechgate, Witney, Oxfordshire OX28 4JL	£2,981	54	2	Flat
£232.5K	07/23	1.91 mi	51, Painswick Close, Witney, Oxfordshire OX28 5FX	£4,749	49	2	Flat

Local Rents

27 rents from £925/mo to £1.5K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,200	06/24	0 mi	Harvest Way, Witney, OX28	2	Flat
£1,200	09/23	0 mi	-	2	Flat
£1,200	07/24	0 mi	-	2	Flat
£1,250	03/25	0.03 mi	-	2	Flat
£1,250	07/24	0.03 mi	1 Harvest Grove, Madley Park, Witney, Oxon, OX28 1FD	2	Flat
£1,400	07/24	0.04 mi	Madley Brook Lane, Witney	2	Terraced House
£1,250	07/24	0.05 mi	Harvest Grove, WITNEY	2	Flat
£1,200	02/24	0.06 mi	-	2	Flat
£1,050	06/24	0.07 mi	Harvest Grove, Madley Park	2	Flat
£1,200	06/24	0.11 mi	4 Harvest Grove, Witney, Oxfordshire	2	Flat
£1,200	06/24	0.11 mi	Harvest Grove, Witney, Oxfordshire	2	Flat
£925	08/24	0.11 mi	4 Harvest Grove, Witney, Oxfordshire	2	Flat
£1,275	08/24	0.13 mi	Woodley House, Witney, OX28	2	Flat
£1,275	09/24	0.13 mi	-	2	Flat
£1,275	06/24	0.13 mi	34 Woodley Green, Witney, Oxfordshire	2	Flat
£1,250	09/24	0.13 mi	Campion Way, Witney	2	Terraced House
£1,330	06/24	0.14 mi	Harvest Grove, Witney, Oxfordshire	2	Flat
£1,285	08/24	0.14 mi	Harvest Grove, Witney, Oxfordshire	2	Flat
£1,200	09/23	0.15 mi	-	2	Flat
£1,250	07/24	0.16 mi	34 Woodley Green, Witney, Oxfordshire, OX28	2	Flat
£1,250	03/24	0.17 mi	Flat 1 Miller House, Northfield Farm Lane, Witney, OX28 1UD	2	Flat
£1,200	08/24	0.2 mi	Kingfisher Court, Northfield Farm Lane, Witney, OX28 1UF	2	Flat
£1,250	07/24	0.25 mi	Cherry Tree Court, WITNEY	2	House
£1,200	07/24	0.33 mi	Grey Lane, Witney	2	Flat
£1,200	08/24	0.35 mi	Grey Lane, Witney, Oxfordshire	2	Flat
£1,300	08/24	0.45 mi	Park View Road, Witney	2	Terraced House
£1,500	04/25	0.49 mi	-	2	Semi-Detached House

Local Area Statistics

Population in OX28	27,57627,576
Population in Witney	50,63250,632
Town centre distance	1.17 miles away1.17 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	3.98 miles away3.98 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-2%-2%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+7%+7%

Property History

Listed for £210,000

March 17, 2025

Floor Plans

Description

This two bed, ground floor flat located in the popular development of Madley Park, is being sold end of chain.

As you enter the property, you are greeted with some integrated storage units. Along the hallway you first have the bathroom and first and second bedroom. At the end of the hallway you have the living/dining space as well as the kitchen.

There is an allocated parking space outside the front of the property.

Leasehold
Council Tax – Band C
104 years left on lease