1-bedroom house · OX16 2PA
Sold STCReduced £7.5k (−8.1%) on 23 MarListed 840 days
Opportunity summary
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About
A first floor one bedroom retirement apartment in this desirable complex which backs onto The Oxford Canal and has an extremely convenient location yards from a supermarket, leisure and further retail outlets Situation - BANBURY is conveniently located only two miles from Junction 11 of the M40, putting Oxford (23 miles), Birmingham (43 miles), London (78 miles) and of course the rest of the motorway network within easy reach.
There are regular trains from Banbury to London Marylebone (55 mins) and Birmingham Snow Hill (55 mins). Birmingham International airport is 42 miles away for UK, European and New York flights.
Some very attractive countryside surrounds and many places of historical interest are within easy reach.
A floorplan has been prepared to show the dimensions and layout and other features are as follows: * A first floor one bedroomed retirement apartment in this desirable complex which backs onto the Oxford Canal.
* Within easy walking distances of shops, The Light leisure complex including multiplex cinema and a recently opened supermarket as well as being convenient for the railway station.
* Hall with built-in airing/storage cupboard, security entry phone and emergency buzzer system with pull cords around the apartment to alert the House Manager or the centralised emergency call system.
* Kitchen with range of cream shaker style base and eye level cream units incorporating a stainless steel built-in oven, hob and extractor, space for under counter fridge, fully tiled walls.
* Sitting room with window to front and semi open plan access to kitchen. * Double bedroom with window to front and built-in wardrobe.
* Bathroom with a white suite comprising panelled bath with mixer taps and shower unit over with fully tiled surround, semi recessed wash hand basin with mixer taps and double cupboard under, half tiled walls.
* South facing gardens adjoining the canal. * Resident House Manager. * 24 hour emergency helpline. * Guest apartment available for friends/ relatives available by reservation at a cost.
Services - All mains services are connected with the exception of gas. Local Authority - Cherwell District Council. Council Tax Band B. Leasehold - 120 year Lease which commenced on 24th June 1993.
Annual Service charge is £3,204.62 and the annual ground rent is £667.62. Viewing - Strictly by prior arrangement with the Sole Agents Anker & Partners.
Anti Money Laundering Regulations - In accordance with current legal requirements, all prospective purchasers are required to undergo an Anti-Money Laundering (AML) check.
An administration fee of £30 plus VAT per applicant will apply. This fee is payable after an offer has been accepted and must be settled before a memorandum of sale can be issued.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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