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Cherry Road, Banbury

South East

£275,000
Listed on 03/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This semi-detached home features three bedrooms and is situated in a serene cul-de-sac, offering plenty of renovation potential for those looking to invest in a property with charm and character. The generous rear garden provides ample outdoor space, perfect for gardening enthusiasts or families seeking a recreational area. The location of this property is particularly advantageous, being just two miles from Junction 11 of the M40. This proximity allows for easy access to major cities such as Oxford, Birmingham, and even London, fostering a promising investment opportunity for commuters. Banbury also boasts convenient rail services to London Marylebone and Birmingham Snow Hill within approximately 55 minutes, enhancing its appeal for both renters and future buyers. The surrounding countryside and historical sites offer further allure to prospective residents. Internally, the home comprises an entrance porch leading into a hallway that connects to the lounge and kitchen diner. The lounge features a window overlooking the garden, while the kitchen presents a functional layout with base and eye-level units and space suitable for appliances. A utility room extends from the kitchen, providing additional storage options and plumbing facilities. On the first floor, there are three well-proportioned bedrooms—two doubles and one single—each with natural light flooding in through their windows. The family bathroom is equipped with essential fixtures including a bath with a shower over. Notably, the property requires some modernization; specifically, past water damage has been documented in key areas due to an earlier leak from the roof above the utility space. Remedial work has been completed on this leak, but future owners will need to address flooring repairs in certain sections. Further enhancing its practicality are off-road parking options at the front alongside access to a garage equipped with an up-and-over door. The enclosed rear garden includes both patio space and lawned areas, along with gated side access. This property presents an excellent opportunity for those interested in creating their ideal living space while capitalizing on its strong location near vital transport links and local amenities.

Investment Analysis

(OX16 area)
Area Average
£321/sq ft
Avg Rent (weekly)
£268
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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

Cherry 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
£1,007
Based on a loan of £206,250 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