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See how verdicts work2-bedroom flat · OX16 4SN
For saleReduced £8.5k (−3.6%) on 25 OctListed 258 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The starting from price is with a 5% reduction from £250,000, however, the developer is happy to offer a 5% gifted deposit instead of the reduction in price should that prove more beneficial to you; please just ask for further details.
Beautifully converted and wonderfully presented, this Grade II Listed ground floor apartment is located just a short walk from the train station and town centre and offers two double bedrooms, large open plan kitchen/sitting/dining room and allocated parking.
The Old Elephant & Castle is a Grade II Listed selection of properties with the main Ironstone house believing to date back to the late 17th century when it was used as an Inn.
Number 4 is a large, ground floor apartment offering two double bedrooms with fitted wardrobes, a well-appointed bathroom and a large open plan kitchen/sitting/dining room fitted with a comprehensive range of high specification appliances.
There are plenty of windows which provide lots of natural light and a private front door opening into an entrance hallway with large storage cupboard.
There is allocated parking for one car in the rear courtyard and the access can be found off Causeway. The apartments are fitted with the latest, low energy/high efficiency electric heating.
They are offered as a share of freehold with 999 year leases (virtual freehold) and will come with a 10 year building warranty.
Services connected include mains water, drainage and electricity; there is no mains gas connected to these apartments.
There will be no ground rent payable and we have been advised the service charge is expected to be £350 per anum.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 Causeway, Banbury, OX16
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