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Ashcroft Road, Banbury

South East

£335,000
Listed on 03/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
770 sqft

Description

This detached bungalow presents a unique opportunity for those looking to invest in a property with significant renovation potential. Situated on the sought-after Timms estate, this three-bedroom home offers a solid foundation for updates and improvements, making it an ideal project for investors or homeowners looking to personalize their living space. Upon entering, you’ll find a welcoming entrance porch that leads into a hallway providing access to the loft and key areas of the home. The living room is spacious and features double doors that open into the rear garden, enhancing the potential for natural light and outdoor connectivity. This space could be transformed into a cozy retreat with modern finishes. The kitchen offers basic amenities, including a stainless steel inset sink, a range of wall and base units, and space for appliances such as a washing machine. While functional, it stands ready for modernization that could enhance its layout and efficiency. There are three well-proportioned bedrooms within the bungalow. The master bedroom is located at the front of the house, while two additional bedrooms provide versatile options for family use or guest accommodations. The bathroom and separate WC are both practical but in need of updates to meet contemporary standards. The exterior of the property includes gardens at both the front and rear. The rear garden is enclosed with fencing and features areas of shingle and lawn along with decking and patio spaces—ideal for outdoor entertaining or relaxing. With approximately 65 feet in length, this garden can be reimagined into an inviting oasis. Additionally, there’s ample off-road parking available via a substantial driveway that can easily accommodate multiple vehicles or even service a motorhome or caravan. The property's location is another standout feature—it provides convenient access to nearby amenities and services while still offering a peaceful residential environment. Notably, this bungalow comes with no onward chain, streamlining any potential investment process. In summary, this three-bedroom detached bungalow on the Timms estate combines comfortable living with excellent investment opportunities through renovation and customization possibilities.

Investment Analysis

(OX16 area)

Above Market Value

This property is priced +35.7% above area average per sq ft

+35.7%
This Property
£435/sq ft
Area Average
£321/sq ft
Avg Rent (weekly)
£268
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£271,464
10% above area average per sq ft
Potential ROI
-27.6%
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

Ashcroft Road, 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
£1,227
Based on a loan of £251,250 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