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Harwell, Didcot, OX11

South East

£545,000
Listed on 09/11/2024

Property Details

Bedrooms
2
Type
Detached house
Area
667 sqft

Description

This detached bungalow, constructed approximately in 1958, is situated on a generous 0.18-acre plot with notable dimensions of 110 feet of street frontage and a depth of 75 feet. The property presents an exciting opportunity for renovation or redevelopment, particularly given the preliminary schematic designs developed by Architects Anderson Orr. These plans propose the potential conversion into a one-and-a-half-storey detached home encompassing around 1,014 square feet, alongside a possible expansion of the existing bungalow by about 490 square feet. As it stands, no planning applications or pre-application advice have been sought. However, the outlined development ideas align with current planning guidelines, making this an attractive option for those looking to invest in a project that could enhance both space and value. Located on Westfield, a serene no-through road at the village's edge, the area features a mix of detached and semi-detached homes predominantly built during the 1960s and 1980s. This peaceful setting fosters a close-knit community atmosphere. The village of Harwell is known for its picturesque surroundings and vibrant local life. It boasts essential amenities including a popular pub, primary school, pre-school facility, garage, and historic church. Additionally, excellent transport links are available via a regular bus service connecting to Didcot, Wantage, Harwell Science Park, and Didcot Parkway mainline railway station. It's worth noting that properties constructed before 1999 may contain asbestos in various materials such as Artex or vinyl tiles. While these materials are generally considered safe when undisturbed, prospective buyers should conduct their own due diligence regarding any renovation plans. The property features Artex ceilings throughout which should be taken into consideration during any potential renovations.

Investment Analysis

(OX11 area)

Above Market Value

This property is priced +106.2% above area average per sq ft

+106.2%
This Property
£817/sq ft
Area Average
£396/sq ft
Avg Rent (weekly)
£347
Avg Yield
4.0%

Renovation Potential

Est. Renovation Cost
£54,500 - £136,250
10-25% of property value
Target Value
£290,765
10% above area average per sq ft
Potential ROI
-57.3%
After renovation
Monthly Sales
49
Average per month
Market Turnover
79%
Properties sold annually

Local Market Trend (OX11)

Area prices are rising by +4.3% over the last 12 months
3 year growth: 0.9%
5 year growth: 14.7%
Investment Disclaimer: Analysis based on OX11 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Harwell, Didcot, OX11
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