Guide price
£90,000
1 bed flat for saleBritannia Road, Banbury, Oxfordshire OX16
1 bed
1 bath
1 reception
EPC Rating: C
Chain free
Auction
Leasehold
About this property
Studio plus apartment in centre of town
Close to high street, shops, restaraunts, bars
Chain free
Allocated parking
Long lease option available
Upward of 10% yield expected
For Sale by Modern Auction – T & c’s apply
Subject to Reserve Price
Buyers fees apply
The Modern Method of Auction
***Town Centre Studio Plus Apartment – Ideal First Home or Investment***New Lease Optional***
Perfectly positioned just moments from Banbury High Street and only a 10-minute walk to the train station, this well-presented studio plus apartment offers modern living right in the heart of town. Situated on the third floor of a modern development, the property comes with the benefit of allocated parking and is offered for sale with no onward chain.
Inside, the apartment is in good order throughout, featuring a modern fitted kitchen, neutral décor and practical living space. This home would suit a first-time buyer seeking convenience and affordability, or an investor looking for excellent rental potential with returns estimated at around 10% based on £850 pcm.
Currently with a 58-year lease, the sellers are willing to extend by an additional 90 years upon completion (subject to terms), providing long-term security and value for the new owner.
Auctioneers comments
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent
information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the
Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.
Perfectly positioned just moments from Banbury High Street and only a 10-minute walk to the train station, this well-presented studio plus apartment offers modern living right in the heart of town. Situated on the third floor of a modern development, the property comes with the benefit of allocated parking and is offered for sale with no onward chain.
Inside, the apartment is in good order throughout, featuring a modern fitted kitchen, neutral décor and practical living space. This home would suit a first-time buyer seeking convenience and affordability, or an investor looking for excellent rental potential with returns estimated at around 10% based on £850 pcm.
Currently with a 58-year lease, the sellers are willing to extend by an additional 90 years upon completion (subject to terms), providing long-term security and value for the new owner.
Auctioneers comments
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent
information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the
Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.
More information
Tenure
Leasehold (58 years)
Service charge
£916 per year
Council tax band
A
Ground rent
£35
Ground rent date of next review
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