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Pegasus Road, Blackbird Leys, OX4

South East

£350,000

Listed on 21/05/2026

Property Details

Bedrooms
3
Type
End Of Terrace
Area
971 sqft

Description

Nestled within the well-regarded residential neighborhood of Blackbird Leys, this property on Pegasus Road presents an excellent opportunity for those seeking to invest or renovate. The home benefits from advantageous transport links that ensure easy access to Oxford city centre, the ring road, and key commuter routes, making it ideal for both families and professionals. The layout features a generously sized separate living room, a functional kitchen, three spacious bedrooms, and a family bathroom. While some modernization is necessary, this property offers a promising blank canvas for prospective buyers to transform it into a desirable family residence or an investment with high rental returns. Located just a short walk from the Blackbird Leys Leisure Centre and within close proximity to Templars Square’s extensive shopping options, the area caters well to daily needs. Nature enthusiasts will appreciate the nearby woodland walks accessible directly from the property. Moreover, with future developments such as the reopening of the Cowley Branch Line and plans for a new local station on the horizon, this area is poised for significant growth, enhancing both its residential appeal and investment potential.

Investment Analysis

(OX4 area)

Below Market Value

This property is priced -23.9% below area average per sq ft

-23.9%
Potential saving
This Property
£360/sq ft
Area Average
£474/sq ft
Avg Rent (weekly)
£426
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£506,066
10% above area average per sq ft
Potential ROI
+29.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (OX4)

Area prices are stable by +1.4% over the last 12 months
3 year growth: +5.0%
5 year growth: +11.0%
Investment Disclaimer: Analysis based on OX4 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

Pegasus Road, Blackbird Leys, OX4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,249
Based on a loan of £262,500 over 30 years at 3.97% 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.

Stamp Duty Calculator

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