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Grove Bridge, Wantage, Oxfordshire, OX12 - Image 1
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Grove Bridge, Wantage, Oxfordshire, OX12

South East

£950,000
Listed on 08/07/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1700 sqft

Description

This four-bedroom bungalow, owned by the same family for approximately 60 years, presents a significant opportunity for renovation and investment in a desirable area. Nestled on a generous 1.36-acre plot, the property features expansive grounds that include stunning rear gardens with a lake, Letcombe Brook, and remnants of the old Wilts and Berks canal wall. Internally, the home boasts four reception rooms alongside the bedrooms, providing ample space for family living. While the property is already spacious, there is considerable potential to enhance its layout or even add another level, subject to obtaining the necessary planning permissions. Notably, planning consent has been granted for an additional dwelling to be constructed on the right-hand side of the bungalow, which could further increase the property's value and functionality. Details regarding this can be found on the Vale Of White Horse District Council website under reference P22/V0329/FUL. Located between Wantage and Grove along Letcombe Brook at the edge of the Berkshire Downs, this property benefits from proximity to local amenities such as Millbrook and Grove Church of England Primary School, parks, sports clubs, and several public houses. The historic market town of Wantage is just a mile away and offers a broader range of facilities including shops like Sainsbury's and Waitrose. For more extensive services and entertainment options, Newbury and Oxford are within easy reach. The region is also known for its excellent educational institutions situated nearby in Abingdon and Oxford. Schools such as Abingdon School, St. Helen and St. Katharine's School, Radley College, and others are highly regarded in this area. For commuters, access into London is facilitated by Didcot Parkway railway station located about 9.4 miles away; trains regularly travel to London Paddington in approximately 40 minutes. This strategic location makes it appealing not just as a home but also as an investment opportunity with significant potential for growth in both residential appeal and property value. Distances to key locations include Wantage (1 mile), Grove (0.7 miles), Abingdon (8.7 miles), Hungerford (16 miles), Oxford (15 miles), and London (73 miles). All distances are approximate.

Investment Analysis

(OX12 area)

Above Market Value

This property is priced +55.8% above area average per sq ft

+55.8%
This Property
£559/sq ft
Area Average
£359/sq ft
Avg Rent (weekly)
£313
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £120,000
Target Value
£670,582
10% above area average per sq ft
Potential ROI
-37.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (OX12)

Area prices are rising by +2.1% over the last 12 months
3 year growth: -0.3%
5 year growth: 8.6%
Investment Disclaimer: Analysis based on OX12 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Grove Bridge, Wantage, Oxfordshire, OX12
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£3,480
Based on a loan of £712,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE