2-bedroom flat · OX16 9HQ
For saleReduced £12.5k (−6.7%) on 5 OctListed 334 days
Opportunity summary
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About
***two bedroom, ground floor apartment in park gardens over 55's*** Bairstow Eves are delighted to introduce this beautifully presented 75% shared ownership retirement apartment, located within Banbury’s most sought-after over-55s development, Park Gardens.
Offering spacious accommodation and a superb range of communal facilities, this property combines comfort, convenience, and community living.
The apartment features a generous entrance hallway with two useful storage cupboards leading to all rooms.
The master bedroom is a large double with a built-in wardrobe and views over the communal gardens, while the second bedroom provides additional space for guests or hobbies.
A modern wet room includes a shower, vanity unit, W.C., and heated towel rail.
The light-filled sitting room with a sliding patio door opening onto a patio and the gardens, a contemporary kitchen fitted with integrated appliances including dishwasher, washing machine, fridge/freezer, electric hob, oven, and microwave.
Ownership details include a 75% share priced at £187,500, with a lease of 143 years remaining. Ground rent is £250 per annum, and the monthly service charge of £598.61 includes rent.
There is no additional rent due as you will own 75% and this falls into the Older Persons shared ownership rules (Gov website confirmed).
Park Gardens offers exceptional facilities including a welcoming foyer, on-site bistro, hair salon, gym, and a vibrant social calendar with coffee mornings, movie nights, and fitness classes.
There is also a guest apartment with twin beds available at request. This property is available with no onward chain.
Contact us today to arrange a viewing and experience the lifestyle Park Gardens has to offer.
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.
Area
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FAQ
About 9, PARK GARDENS, Banbury
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