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Greenhills Court, Lodge Close, Banbury - Image 1

Greenhills Court, Lodge Close, Banbury

South East

£145,000
Listed on 22/10/2025

Property Details

Bedrooms
2
Type
Flat
Area
622 sqft

Description

This first-floor flat features two bedrooms and presents a significant opportunity for refurbishment, making it an ideal project for those looking to invest in a property with potential. Located conveniently close to essential amenities, including the town center, railway station, and hospital, this residence offers both practicality and accessibility. Banbury is strategically situated just two miles from Junction 11 of the M40 motorway, allowing for easy travel to larger cities such as Oxford (23 miles), Birmingham (43 miles), and London (78 miles). The local train services provide quick connections to London Marylebone and Birmingham Snow Hill in around 55 minutes. Additionally, Birmingham International Airport is approximately 42 miles away, enhancing travel options for residents. The flat itself requires comprehensive renovation throughout but boasts spacious living areas that can be transformed into comfortable spaces. One of the highlights is the large window in the living room which provides ample natural light. The open-plan kitchen/dining area presents an opportunity to create a modern entertaining space. Both bedrooms are generously sized and offer versatility for various layouts. Noteworthy features include a share of freehold ownership and no upward chain, simplifying the purchase process. A parking space is available in the communal car park at the rear, along with additional visitor spaces. While there currently is no central heating installed, this aspect invites new owners to consider energy-efficient solutions during renovations. With original fittings throughout the unit, there exists potential for restoration or modernization based on personal style preferences. The property also benefits from mains electricity and drainage connections. As part of Greenhill Court, when any apartment sale completes, the lease governing development automatically renews for an impressive 999 years. In summary, this property stands out not only as a home but also as a strategic investment opportunity due to its location and renovation potential. Viewing is available by appointment through Sole Agents Anker & Partners.

Investment Analysis

(OX16 area)

Below Market Value

This property is priced -27.3% below area average per sq ft

-27.3%
Potential saving
This Property
£233/sq ft
Area Average
£321/sq ft
Avg Rent (weekly)
£268
Avg Yield
4.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£219,286
10% above area average per sq ft
Potential ROI
-2.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
60
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (OX16)

Area prices are rising by +4.8% over the last 12 months
3 year growth: 7.3%
5 year growth: 14.8%
Investment Disclaimer: Analysis based on OX16 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

Greenhills Court, Lodge Close, Banbury
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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
£531
Based on a loan of £108,750 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