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Upper Close, Witney OX29

South East

£275,000
Listed on 02/08/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
764 sqft

Description

Set against a tranquil rural backdrop, this three-bedroom family home offers significant renovation potential for those looking to create their ideal living space. The property features an entrance hall that leads into a spacious living room, allowing for flexibility in design and layout. The kitchen, while functional, presents an opportunity for modern updates to enhance both aesthetic appeal and efficiency. A convenient cloakroom is located on the ground floor, with three well-sized bedrooms and a bathroom situated upstairs. A notable aspect of this property is its generous outdoor space, featuring gardens at the front, side, and rear—ideal for gardening projects or outdoor gatherings. However, potential buyers should note that access to the property is via the neighbor's garden. Situated in a desirable rural location, this home not only provides a peaceful lifestyle but also represents a promising investment opportunity. With some thoughtful updating and modernization, one can significantly increase its value while enjoying the benefits of country living. This freehold property falls under Council Tax Band D, making it an attractive option for families or investors seeking to capitalize on the area's growth and appeal.

Investment Analysis

(OX29 area)

Below Market Value

This property is priced -11.1% below area average per sq ft

-11.1%
Potential saving
This Property
£360/sq ft
Area Average
£405/sq ft
Avg Rent (weekly)
£389
Avg Yield
3.5%

Renovation Potential

Est. Renovation Cost
£27,500 - £68,750
10-25% of property value
Target Value
£340,320
10% above area average per sq ft
Potential ROI
-1.0%
After renovation
Monthly Sales
24
Average per month
Market Turnover
29%
Properties sold annually

Local Market Trend (OX29)

Area prices are stable by +0.2% over the last 12 months
3 year growth: 1.3%
5 year growth: 15.7%
Investment Disclaimer: Analysis based on OX29 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

Upper Close, Witney OX29
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