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Mill Street, Oxford OX2

South East

£500,000
Listed on 25/09/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
915 sqft

Description

This three-bedroom mid-terraced house on Mill Street presents a compelling opportunity for those looking to invest or renovate in a prime Oxford location. Situated within walking distance of the city centre, the property enjoys easy access to local amenities and transport links, making it particularly appealing for families and professionals. The ground floor features a spacious open-plan living and dining area that invites natural light, perfect for both day-to-day family life and entertaining guests. The kitchen, located at the rear, is functional and accompanied by a useful under-stairs storage cupboard, optimizing space within the layout. Upstairs, the home comprises three well-sized bedrooms along with a family bathroom. Notably, one bedroom has been left with its plaster unfinished—an opportunity for buyers to personalize this space according to their vision. This flexibility extends to the entire property, allowing future owners to undertake renovations that reflect their style while enhancing value. Outside, the property includes a private enclosed rear garden that offers potential for landscaping or outdoor entertaining. Additionally, there's an outdoor WC/storage area which could be reimagined as part of any renovation plans. On-street permit parking is also available at the front of the house. Given its needs for modernization and improvement, this property represents an exciting canvas for investors or homeowners eager to create a customized living space in one of Oxford’s most desirable neighborhoods. With no onward chain and vacant possession available, this house stands as a solid investment opportunity in a location known for its growth potential.

Investment Analysis

(OX2 area)

Below Market Value

This property is priced -5.1% below area average per sq ft

-5.1%
Potential saving
This Property
£546/sq ft
Area Average
£576/sq ft
Avg Rent (weekly)
£479
Avg Yield
3.7%

Renovation Potential

Est. Renovation Cost
£50,000 - £125,000
10-25% of property value
Target Value
£579,694
10% above area average per sq ft
Potential ROI
-7.2%
After renovation
Monthly Sales
21
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (OX2)

Area prices are falling by +3.7% over the last 12 months
3 year growth: -2.1%
5 year growth: 10.8%
Investment Disclaimer: Analysis based on OX2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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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