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20 Parklands, Banbury, OX16 2SZ

South East

£80,000
Listed on 04/05/2026

Property Details

Bedrooms
1
Type
Flat

Description

This one-bedroom flat situated on the first floor presents an ideal opportunity for renovation in a desirable area of Banbury. While the property is currently vacant, it requires modernisation to unlock its full potential, making it a promising investment for those looking to enhance its value. Located conveniently close to local amenities on Middleton Road, this flat also benefits from excellent transport links to London Marylebone with a journey time of approximately an hour, appealing to commuters and investors alike. The accommodation includes a reception room, kitchen, bedroom, and bathroom/WC, providing a solid foundation for refurbishment that could attract future tenants or buyers once updated.

Investment Analysis

(OX16 area)
Area Average
£326/sq ft
Avg Rent (weekly)
£262
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
52
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (OX16)

Area prices are falling by -2.8% over the last 12 months
3 year growth: +0.5%
5 year growth: +6.9%
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

20 Parklands, Banbury, OX16 2SZ
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£285
Based on a loan of £60,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

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