1, Barns Road, OXFORD, Oxfordshire, OX4 3QY

Description

By order of the LPA Receivers. Freehold two floor end of terrace house requiring modernisation. Full vacant possession.

Accommodation

First floor: four bedrooms, shower room and separate WC. Ground floor: two reception rooms and kitchen/dining area. Outside: front and rear garden.

Location

The property is situated on Barns Road. Public transport links include Oxford Mainline Railway Station and local bus services. Road links include the A4142 Eastern Bypass Road and the A40. Shopping amenities are available locally within Templars Square Shopping Centre, with further shops, bars and restaurants in Oxford City Centre. Recreational pursuits are available at the open spaces of Florence Park.

Tenure / Property Information

Investment Analysis

The most recent supplied comparable is 3 Barns Road at £360,000 in February 2025. Earlier same-road sales range from £235,000 to £310,000, but dates and property specifications differ and no floor areas or bedroom counts are supplied. A £360,000 base GDV is therefore an indicative comparable-led estimate only, subject to condition and specification. The property requires modernisation, but no quantified works evidence is supplied.

Investment Snapshot

Strategy Recommendation

Proceed only after legal review, inspection and a fully costed modernisation schedule. The evidence suggests potential value at the guide against the latest same-road sale, but the unquantified works and uncertain rent make a firm BTL, BRRR or flip bid inappropriate.

Works Required

Modernisation of the house as required by the description, including assessment and upgrading of the four-bedroom accommodation, shower room, separate WC, reception rooms, kitchen/dining area and external areas. No specific defects or costed scope are supplied, so a works allowance cannot be reliably quantified.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the guide, the indicative refinance proceeds at 75% of the £360,000 base GDV would be £270,000. However, refurbishment cost, acquisition costs beyond the known £1,800 administration charge, finance costs and total project cost are not established. Cash left in and BRRR viability therefore cannot be calculated reliably.

Buy-to-Let Analysis

The supplied rental evidence is an advertised asking rent of £3,000 pcm for a different four-bedroom Oxford property, not an achieved or property-specific rent. Applying it indicatively to the £270,000 guide produces £36,000 annual rent and a 13.33% gross yield before works, finance, voids, management and other costs. The yield cannot be confirmed because the subject property's achievable rent and refurbishment cost are unsupported.

Flip Analysis

Using the £360,000 comparable-led base GDV, the guide price leaves £90,000 before refurbishment, the known £1,800 administration charge, any seller fees, finance, legal costs and selling costs. Because the modernisation scope and selling allowance are not quantified, a reliable flip surplus or maximum bid cannot be calculated.

Investor Risks & Due Diligence

• The property requires modernisation, but no condition survey or quantified works budget is supplied.

• The £3,000 pcm rental evidence is an advertised asking rent for a different property and may not reflect achievable rent for the subject.

• Comparable sales have differing dates and unspecified specifications, limiting GDV precision.

• The £1,800 administration charge is known, but additional seller fees may apply under the special conditions.

• Finance, legal, selling, void, management and refurbishment costs are not quantified.

Recommendation

Proceed only after legal review, inspection and a fully costed modernisation schedule. The evidence suggests potential value at the guide against the latest same-road sale, but the unquantified works and uncertain rent make a firm BTL, BRRR or flip bid inappropriate.

Strategy Rating

Analysis Confidence

There is a recent same-road completed sale, but comparable specifications, floor areas, subject condition details, achievable rent, refurbishment costs and potential seller fees are not supplied.