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Mill Street, Oxford, OX2

South East

£550,000

Listed on 09/06/2026

Property Details

Bedrooms
2
Type
Terraced
Area
1166 sqft

Description

This two-bedroom Victorian terrace offers a compelling opportunity for renovation in a prime central location of Oxford. The property exudes period charm and features generously sized rooms, including a double reception area that floods with natural light, a kitchen, and a garden room that opens onto an impressive rear garden measuring approximately 80ft. The first floor hosts two spacious double bedrooms along with a family bathroom. With the potential for significant modernization and enhancement, this home is ideal for those looking to create a personalized living space in an area renowned for its accessibility to the city center. Located in the desirable Osney Island, residents benefit from nearby cafés, restaurants, and local amenities, as well as being just moments away from Oxford Railway Station, ensuring convenient transport links to London Paddington and beyond.

Investment Analysis

(OX2 area)

Below Market Value

This property is priced -19.1% below area average per sq ft

-19.1%
Potential saving
This Property
£472/sq ft
Area Average
£583/sq ft
Avg Rent (weekly)
£477
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£747,499
10% above area average per sq ft
Potential ROI
+25.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (OX2)

Area prices are stable by +0.1% over the last 12 months
3 year growth: +1.7%
5 year growth: -0.4%
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

Mill Street, Oxford, OX2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,078
Based on a loan of £412,500 over 30 years at 4.45% 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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