2-bedroom flat · OX16 9HQ
For saleReduced £6k (−2%) on 15 JulListed 247 days
Opportunity summary
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About
A rare opportunity to acquire a superb two bedroom ground floor retirement apartment which opens to communal gardens in this exceptional development with bistro and gym 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.
Park gardens offers a variety of opportunities to take up a new hobby, make new friends and get involved in a range of activities whenever you like, right on your doorstep.
Retirement Living is all about doing the things that you want to do when you want to do them.
Communal facilities include café bistro, lounge, activity studio, gym, hair and beauty salon The market town of Banbury is the ideal setting for your new retirement home, Park Gardens is less than a mile from the town centre with its fantastic range of shops, pubs and restaurants plus places of interest such as The Oxford Canal and Tooley's Boatyard.
A floorplan has been prepared to show the dimensions and layout of the property as detailed below.
Some of the main features are as follows: * A spacious and very well appointed two bedroom ground floor retirement apartment in this desirable modern complex.
* Situated adjacent to People's Park in a very convenient location within easy walking distance of the town centre.
* A wonderful range of communal facilities in a welcoming atmosphere including the bistro on the ground floor and a range of activities including social afternoon tea, coffee mornings, bingo, fitness and Zumba classes.
* Superb open plan living/kitchen/dining space with doors opening to a patio area and the communal gardens. * Spacious hall with built-in storage cupboards.
* Master bedroom with two windows overlooking the communal gardens and built-in wardrobe. * Further bedroom which also has a window overlooking communal gardens.
* Wet room with large accessible fully tiled shower area, wash hand basin with cupboard under, WC and heated towel rail.
* Communal garden area with greenhouse and raised beds which residents can tend by permission. * Large parking area where space can be reserved at a monthly charge of £30.
* We understand that dog owners may bring their current dog by permission although they may not be able to replace it with another one at a later date.
* Guest suite available by reservation at an extra charge. * We understand that care is available and will be charged for accordingly.
* Emergency assistance is available 24/7 and there is a House Manager during office hours daily. * Electric underfloor heating which is controlled by a thermostat in the hall. Tenure Leasehold.
Length of lease 146 years which commenced in 2019.
There is a monthly service charge of £598.61 which covers 24/7 care presence, manager and facilities coordinator, utilities, communal area utilities, landscaping and gardening, maintenance of lift and call service, communal Wi-fi, service contracts, office telephone and it, various fees, various insurances and window cleaning.
Council tax, contents insurance, telephone, broadband and TV licence are not covered by the service charge. Ground rent £250 per annum.
Services All mains services are connected with the exception of gas. Local Authority Cherwell District Council. Council tax band C.
Viewing Strictly by prior arrangement with the Sole Agents Anker & Partners. Energy Rating: B A copy of the full Energy Performance Certificate is available on request.
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.
Area
Agent & docs
FAQ
About 4 Park Gardens,, Bath Road, Banbury
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