8 Valentia Road, Headington, Oxford, Oxfordshire

Description

Freehold recently refurbished four/five bedroom HMO, comprising approximately 90 sq m (968 sq ft). Instant asset management opportunity to let the rooms. Offered on behalf of receivers and with vacant possession.

Accommodation

Ground floor: lounge/bedroom, kitchen, dining room, 2 showers and toilet. First floor: 4 bedrooms. Total: approximately 90 sq m (968 sq ft).

Location

Situated on Valentia Road in the popular Headington area of Oxford, approximately 2 miles east of the city centre. The location benefits from proximity to Oxford Brookes University, the John Radcliffe Hospital and Headington’s shops, restaurants and amenities. The A40 provides access to the wider road network.

Tenure / Property Information

Investment Analysis

The five supplied Land Registry comparables on Valentia Road range from £405,000 to £595,000. The four sales from 2022–2023 range from £405,000 to £595,000, with an average of approximately £488,125; the all-comparable average is £474,500. A base GDV of £475,000 is used as an evidence-led estimate for this recently refurbished, approximately 968 sq ft, five-bedroom HMO. A low scenario of £405,000 and high scenario of £525,000 are used, reflecting the recent comparable range while excluding the highest £595,000 sale from the central scenario due to the limited property-specific evidence.

Investment Snapshot

Strategy Recommendation

Potential buy-to-let or BRRR opportunity subject to confirming achieved room rents, HMO licensing/compliance, condition, finance terms and all auction charges. Do not bid on the basis of the gross yield alone.

Works Required

No specific physical works are evidenced because the property is described as recently refurbished. The immediate opportunity is room letting and asset management. Condition, HMO licensing/compliance, fire safety arrangements and any remaining works require verification.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £475,000 base GDV, 75% refinance equates to £356,250. Against the £390,000 guide alone, this leaves a £33,750 gross shortfall before the unspecified buyer premium, VAT, other charges and any works. The recently refurbished condition may support a low-works strategy, but no works budget, finance terms, valuation certainty or HMO compliance evidence is supplied. Refinance feasibility therefore remains unconfirmed.

Buy-to-Let Analysis

The two advertised five-bedroom rental comparables indicate £3,100–£3,250 pcm, equivalent to £37,200–£39,000 annually. Against the £390,000 guide, this implies an indicative gross yield of approximately 9.54%–10.00%, before finance, operating costs, voids, management, compliance and tax. These are asking rents rather than achieved rents, and no passing rent is supplied. The buyer premium, possible VAT and other charges are also unspecified, so net yield and total-cost yield cannot be established.

Flip Analysis

A potential resale value is supported by the local comparables, with a base GDV estimate of £475,000. However, refurbishment costs are not supplied, the buyer premium and possible VAT are unspecified, and no selling-cost allowance is provided. A reliable flip surplus cannot therefore be calculated.

Investor Risks & Due Diligence

• The rental evidence comprises advertised asking rents rather than achieved or passing rents.

• The buyer premium is unspecified; VAT may apply and other seller or special-condition charges may arise.

• No refurbishment or remedial cost estimate is supplied, despite the need to verify the stated recently refurbished condition.

• No HMO licence, planning, fire-safety or other compliance evidence is supplied.

• No EPC, council tax, parking or heating information is supplied.

• The sold comparables show substantial price variation, ranging from £405,000 to £595,000.

Recommendation

Potential buy-to-let or BRRR opportunity subject to confirming achieved room rents, HMO licensing/compliance, condition, finance terms and all auction charges. Do not bid on the basis of the gross yield alone.

Strategy Rating

Analysis Confidence

There is useful same-road sold-price evidence and two advertised rental comparables, but no achieved rent, EPC, operating costs, HMO compliance information, works budget, finance terms or quantified auction fees.