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Springfield Avenue, Banbury

South East

£250,000
Listed on 19/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
861 sqft

Description

This three-bedroom semi-detached property offers a blank canvas for renovation in the desirable Easington area of Banbury. With its solid structure and spacious layout, it presents an excellent opportunity for investors or those looking to create their ideal family home through modernization. The entrance hallway serves as the gateway to the various living spaces, leading to a living room featuring large UPVC double glazed windows that allow ample natural light. The fireplace adds character, while the open transition into the kitchen/dining area enhances the flow of space. This dining area is well-suited for entertaining, with double doors that open onto a generous rear garden—a significant asset for outdoor activities or potential landscaping projects. The kitchen consists of base and eye-level units with laminate worktops and provides enough space for essential appliances, including a gas oven and washing machine. Although it currently requires updating, the footprint here allows for creative redesigns that can increase functionality. On the ground floor, there is also a bathroom equipped with necessary amenities, including a wet room shower. While basic now, this space could be transformed into a modern retreat with some thoughtful renovations. Upstairs, the accommodation includes three bedrooms: two doubles and one single. The master bedroom is particularly spacious, featuring windows on both sides to create an airy atmosphere. Both additional bedrooms benefit from built-in storage solutions—ideal for maximizing space and organization. Externally, the property features a block-paved driveway at the front and a predominantly lawned rear garden bordered by timber panel fencing, offering privacy and potential landscaping opportunities. Given its location in Easington—a sought-after residential area—the property maintains proximity to local amenities while being well-connected to main transport routes. This combination of features makes it not only a viable investment opportunity but also allows room for significant value appreciation post-renovation. This property is sold with no onward chain, facilitating straightforward transactions for interested buyers keen on making enhancements or improvements to maximize its potential.

Investment Analysis

(OX16 area)

Below Market Value

This property is priced -9.4% below area average per sq ft

-9.4%
Potential saving
This Property
£290/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
£303,546
10% above area average per sq ft
Potential ROI
-8.0%
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

Springfield Avenue, 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
£916
Based on a loan of £187,500 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