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Lot 1, Manor Farm, Ratley, Ratley, Banbury, Warwickshire, OX15 6DS - Image 1
Lot 1, Manor Farm, Ratley, Ratley, Banbury, Warwickshire, OX15 6DS - Image 2
Lot 1, Manor Farm, Ratley, Ratley, Banbury, Warwickshire, OX15 6DS - Image 3
Lot 1, Manor Farm, Ratley, Ratley, Banbury, Warwickshire, OX15 6DS - Image 4
Lot 1, Manor Farm, Ratley, Ratley, Banbury, Warwickshire, OX15 6DS - Image 5
Lot 1, Manor Farm, Ratley, Ratley, Banbury, Warwickshire, OX15 6DS - Image 6
Lot 1, Manor Farm, Ratley, Ratley, Banbury, Warwickshire, OX15 6DS - Image 7
Lot 1, Manor Farm, Ratley, Ratley, Banbury, Warwickshire, OX15 6DS - Image 8
Lot 1, Manor Farm, Ratley, Ratley, Banbury, Warwickshire, OX15 6DS - Image 9
Lot 1, Manor Farm, Ratley, Ratley, Banbury, Warwickshire, OX15 6DS - Image 10
Lot 1, Manor Farm, Ratley, Ratley, Banbury, Warwickshire, OX15 6DS - Image 11

Lot 1, Manor Farm, Ratley, Ratley, Banbury, Warwickshire, OX15 6DS

South East

£900,000
Listed on 04/10/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This expansive property encompasses approximately 116.76 acres of versatile arable and pasture land, accompanied by a functional field barn. The land is nestled in a scenic valley, offering both privacy and natural beauty, while being strategically located near the Oxfordshire/Warwickshire border. Access to major transport routes is convenient, with junctions 11 and 12 of the M40 within a short drive. The nearby town of Banbury, located about 6.3 miles southeast, provides a range of local amenities and services, while the historic Stratford-upon-Avon is just a bit further afield at approximately 12.1 miles to the northwest. The property also features an additional lot comprising around 9.25 acres, which includes an appealing array of agricultural buildings alongside 8.6 acres of pastureland. This combination offers a unique opportunity for renovation or redevelopment, particularly as the structures include both traditional stone buildings and modern steel portal frame constructions that hold potential for conversion (subject to planning permission). Currently, both lots are under a Farm Business Tenancy until April 2036, generating an annual rent of £15,120. This arrangement not only provides immediate income but also allows for future investment opportunities once the tenancy concludes. Mains water is connected across both lots to facilitate agricultural activities or any future development plans. Electricity is also available on Lot 2, ensuring that essential services are readily accessible. Prospective buyers should note that there are certain rights affecting the property, including footpaths and easements for drainage and electricity supplies. Additionally, there exists a development clawback clause entitling the vendor to receive a percentage of any increase in value from non-agricultural planning permissions granted within a specified period following completion. In summary, this property represents not just an expansive parcel of land but also an inviting canvas for potential renovation or investment endeavors in a desirable location with strong connectivity.

Investment Analysis

(OX15 area)
Area Average
£387/sq ft
Avg Rent (weekly)
£337
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £150,000
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

Lot 1, Manor Farm, Ratley, Ratley, Banbury, Warwickshire, OX15 6DS
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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
£3,297
Based on a loan of £675,000 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