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Hernes Close, Oxford, OX2

South East

£550,000
Listed on 19/03/2026

Property Details

Bedrooms
2
Type
Semi Detached Bungalow
Area
1056 sqft

Description

This two-bedroom bungalow presents a promising opportunity for buyers interested in both comfortable living and potential enhancements. Nestled in a tranquil cul-de-sac, it offers convenient access to the vibrant amenities of Summertown, including an array of cafes, shops, and restaurants. The property features a bright south-facing reception area with vaulted ceilings that lend charm and an open feel. The layout includes a fitted kitchen that provides essential storage solutions and leads to the garage. Each of the two double bedrooms is equipped with built-in wardrobes, while the family bathroom boasts a walk-in shower. Importantly, this property holds significant renovation potential subject to relevant planning permissions. With its spacious rear garden and substantial footprint, there is ample scope to modernize the interior or expand the living space through options such as a garage conversion or a double-storey extension. The driveway accommodates multiple vehicles, complementing the low-maintenance enclosed garden measuring approximately 700 sq ft. Ideally positioned within North Oxford's sought-after area known for excellent educational institutions—like St Edward’s School and Oxford High School—this home also benefits from efficient transport links to Oxford city centre and direct train services to London from nearby stations.

Investment Analysis

(OX2 area)

Below Market Value

This property is priced -10.3% below area average per sq ft

-10.3%
Potential saving
This Property
£521/sq ft
Area Average
£581/sq ft
Avg Rent (weekly)
£441
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£674,309
10% above area average per sq ft
Potential ROI
+10.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (OX2)

Area prices are falling by -7.6% over the last 12 months
3 year growth: -4.2%
5 year growth: -4.1%
Investment Disclaimer: Analysis based on OX2 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

Hernes Close, Oxford, OX2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,984
Based on a loan of £412,500 over 30 years at 4.06% 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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