1-bedroom house · OX16 2PA
For saleListed 495 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented first floor one bedroom retirement apartment in this desirable complex which backs onto The Oxford Canal and has an exceptionally convenient location yards from a supermarket, leisure, further retail outlets and within walking distance of the railway station 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 of the property as detailed below.
Some of the main features are as follows: * Located in the highly regarded canalside development in the town centre close to The Light leisure complex including multiplex cinema and a new supermarket as well as being convenient for the railway station.
* An excellent range of communal facilities which include a Manager, large residents lounge, laundry and kitchenette. * Communal south facing gardens overlooking the adjacent Oxford Canal.
* Communal car park.
* 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.
* Living room with window to front, fireplace with fitted electric fire and semi open plan access to kitchen. * Kitchen comprising base units, integrated oven and hob, space for fridge freezer.
* Double bedroom with window to front and built-in wardrobe. * Modern bathroom with walk-in shower cubicle, WC, wash hand basin and extractor fan.
* Large communal residents lounge and kitchenette, communal laundry, communal south facing gardens to the side, rear with outlooks over the canal. * Communal off street parking. * Manager's office.
* Guest suite available by reservation. * No onward chain. Leasehold Information - Lease expires on 23/06/2113. Service charge £2901.12 per annum. Ground rent £712.02 per annum.
Local Authority - Cherwell District Council. Council tax band B. 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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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
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FAQ
About Chamberlaine Court, Spiceball Park Road, Banbury
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