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Tuesday 31 March 2015

What does your Oxford investment look like now??

Ever wondered how your property is performing financially compared with when you purchased it?

Its fair to say that the UK market is well on the road to recovery so now is a very good time to perhaps consider what your biggest investment is worth and how it is holding up against other locations in Oxford.

Here are a few examples based on actual purchase prices on how things have moved in Oxford since 2003 in the selected areas including rental movement:

 
Edinburgh Property PricesEmpress Court, OX1 (1 bed apartments)

Purchase price 6th June 2006 - £210,000
Sold price 8th August 2014 - £285,000
Estimated value now - £315,000 - £330,000
Rental price 2006 - £995pcm
Current rental projection - £1295pcm


Walton Well Rd, Jericho, OX2 (2 bed apartments)

Purchase price 23rd Jan 2008 - £405,000
Sold price 1st October 2012 - £485,000
Estimated value now - £600,000
Rental price 2006 - £1250pcm
Current rental projection - £1600 - £1800 pcm


Reliance Way, Cowley OX4 (2 bed apartments)

Purchase price 16th March 2007 - £244,220
Sold price 12th May 2014 - £305,000
Estimated Value now - £315 - 325,000
Rental price 2006 - £950pcm
Current rental projection - £1200 - £1295pcm

Millway, Wolvercote, OX2 (1 bed apartments)

Purchase price 22nd December 2004 - £136,000
Sold price 28th Feb 2014 - £185,000
Estimated Value now - £315 - 325,000
Rental price 2009 - £700pcm
Current rental projection - £875 - £900pcm




Greater Leys, Cowley OX4 (2 bed house)

Purchase price 19th May 2000 - £95,000
Estimated value now - £230,000
Rental price 2009 - £795pcm
Current rental projection - £895 - 950pcm

Sherwood Place, Headington OX3 (2 bed apartments)

Purchase price 30th June 2005 - £177,650
Sold price 17th Sept 2014 - £225,000
Estimated value now - £250,000
Rental price 2007 - £875pcm
Current rental projection - £1075pcm


Lion Brewery, Oxford, OX1 (2 bed apartments)

Purchased on the 24th March 2004  £299,000






Sold price 27th October 2014 - £527,000
Estimated value now - £575,000
Rental price 2007 - £1450pcm
Current rental projection (variable) £1650 - £1995pcm


Beech Road, Headington, OX1 (2 bed apartments)

Purchased on the 5th Jan 2005  £330,000
Sold price 31st October 2014 - £375,000
Estimated value now - £375,000
Rental price 2007 - £1175pcm
Current rental projection (variable) £1300 - £1350pcm

As I say these are only examples folks. There are so many more so call me to discuss the location and variance of your property.

Best regards

Richard

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