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Binsey Lane, Oxford OX2

South East

£575,000
Listed on 01/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
919 sqft

Description

This three-bedroom mid-terraced home presents a unique opportunity for renovation and investment in the desirable area of Binsey Lane, Oxford. Offered with vacant possession and no onward chain, this property provides a blank canvas for those looking to personalize their living space or capitalize on its rental potential. Upon entering, you will find a generously sized bay-fronted reception room that invites natural light, alongside a dining room that flows into a spacious kitchen—an area ripe for modernization or reconfiguration depending on your vision. The first floor features three well-proportioned bedrooms and a shower room, allowing for comfortable living arrangements while offering potential for enlargement or enhancement. The rear garden is enclosed and features rear access, which adds convenience and could be leveraged for further development or outdoor use. Additionally, permit parking is available, catering to residents' needs in this active urban environment. Located within walking distance of Oxford Train Station and the city center, this property benefits from excellent transport links and proximity to local amenities. This not only enhances everyday living but also increases its appeal as an investment property. Notably, it holds an HMO license for four sharers, making it an attractive option for landlords seeking steady rental income in one of the city’s most sought-after neighborhoods. This home offers both character and potential—ideal for families looking to settle in a vibrant community or investors aiming to develop a rental portfolio in Oxford's thriving market.

Investment Analysis

(OX2 area)

Above Market Value

This property is priced +8.3% above area average per sq ft

+8.3%
This Property
£626/sq ft
Area Average
£578/sq ft
Avg Rent (weekly)
£437
Avg Yield
3.4%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£584,098
10% above area average per sq ft
Potential ROI
-3.5%
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
23%
Properties sold annually

Local Market Trend (OX2)

Area prices are falling by -9.4% over the last 12 months
3 year growth: -6.6%
5 year growth: -4.8%
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

Binsey Lane, 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
£2,074
Based on a loan of £431,250 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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