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Banbury OX15

South East

£550,000
Listed on 03/07/2025

Property Details

Bedrooms
5
Type
Detached house
Area
3013 sqft

Description

This charming 17th-century property, known as The Old Forge, offers a unique opportunity for renovation enthusiasts and investors looking to breathe new life into a historical dwelling. Nestled in the picturesque village of Brailes within the Cotswold Area of Outstanding Natural Beauty, this home features five bedrooms and retains a wealth of original architectural details that highlight its storied past. The interior boasts high ceilings and various historical elements, including an impressive stone inglenook fireplace in the main reception room, which adds character and warmth. Large mullioned windows invite natural light while preserving the property's vintage charm. A versatile space off the reception could function as a snug or home office, providing flexibility based on your needs. The layout includes several inviting rooms: a central reception that leads to a dining area characterized by intricately carved beams and quarry tiled flooring. The kitchen, complete with separate access, is positioned conveniently for entertaining or family gatherings. An attached garage provides additional storage or parking options, while the spacious entrance hall connects seamlessly to the garden. Outside, the grounds cover over an acre and are currently laid out with well-established gardens, mature trees, and fruit-bearing plants. The paddock area holds potential for equestrian use or could be transformed to suit various leisure activities such as glamping or tourism endeavors. Moreover, there may be possibilities for constructing an additional dwelling on-site, subject to necessary planning permissions. The location embodies the essence of village life with essential amenities including a school, pub, butchers, bakers, and shops within easy reach. Transport links are accessible via nearby Banbury and Moreton-in-Marsh train stations, while major roadways like the M40 provide convenient connectivity to larger towns and cities. The vibrant market town of Shipston-on-Stour is just a short drive away. With its rich history and substantial renovation potential, The Old Forge stands as an excellent investment opportunity in a desirable location—ready for those willing to undertake its revival while potentially capitalizing on the surrounding landscape's appeal.

Investment Analysis

(OX15 area)

Below Market Value

This property is priced -52.8% below area average per sq ft

-52.8%
Potential saving
This Property
£183/sq ft
Area Average
£387/sq ft
Avg Rent (weekly)
£337
Avg Yield
3.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£1,281,640
10% above area average per sq ft
Potential ROI
+60.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (OX15)

Area prices are rising by +3.1% over the last 12 months
3 year growth: -7.7%
5 year growth: 9.7%
Investment Disclaimer: Analysis based on OX15 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Banbury OX15
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,015
Based on a loan of £412,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE