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Elsfield Way, Oxford OX2 - Image 1
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Elsfield Way, Oxford OX2

South East

£975,000
Listed on 14/04/2026

Property Details

Bedrooms
N/A
Type
Land
Area
1749 sqft

Description

This property presents a unique investment opportunity in a prime area of Oxford, specifically in the desirable Summertown neighborhood. The site spans approximately 0.23 acres and comes with approved planning permission for an ambitious residential development project. The current plan entails the demolition of the existing house to make way for eight new residences, comprising two two-bedroom homes positioned towards the back and six apartments that will front Elsfield Way. Additionally, the layout includes designated bike and bin storage, as well as private outdoor space for residents. The proposed design is thoughtfully crafted to harmonize with surrounding properties, featuring carefully considered stepped massing and high-quality construction materials. The development emphasizes sustainable living, incorporating innovative features such as air source heat pumps, advanced insulation techniques, and efficient water usage measures—all designed to align with Oxford City Council’s environmental objectives. With an impressive biodiversity net gain of nearly 12%, this project not only meets but exceeds local policy requirements regarding ecological impact. Located within Summertown, this site benefits from a vibrant community atmosphere with access to various local amenities including shops, cafes, restaurants, and respected schools. Its proximity to public transport offers convenient travel options into Oxford city center and connections beyond, making it particularly appealing for families and professionals seeking both convenience and quality of life.

Investment Analysis

(OX2 area)

Below Market Value

This property is priced -4.0% below area average per sq ft

-4.0%
Potential saving
This Property
£557/sq ft
Area Average
£580/sq ft
Avg Rent (weekly)
£449
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£600,000 - £900,000
Target Value
£1,116,632
10% above area average per sq ft
Potential ROI
-40.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (OX2)

Area prices are stable by -1.3% over the last 12 months
3 year growth: +2.1%
5 year growth: 0.0%
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

Elsfield Way, Oxford OX2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£3,453
Based on a loan of £731,250 over 30 years at 3.91% 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

This calculation uses non-residential (land/commercial) tax rates.

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