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Newcombe Close, Milcombe, Banbury OX15 - Image 1
Newcombe Close, Milcombe, Banbury OX15 - Image 2
Newcombe Close, Milcombe, Banbury OX15 - Image 3

Newcombe Close, Milcombe, Banbury OX15

South East

£285,000
Listed on 16/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This three-bedroom family home presents a promising opportunity for renovation and investment in the sought-after village of Milcombe. The property, while improved by the current owners, offers ample scope for further modernization to suit personal tastes or enhance its rental potential. The layout includes an entrance hall leading to a spacious lounge, which features both front-facing windows and new patio doors that open onto the garden, providing a bright and inviting atmosphere. A woodburner adds character to this living space. Adjacent is a kitchen equipped with essential wall and base units, offering access to additional storage under the stairs, making it functional yet ripe for updates. The three bedrooms provide comfortable sleeping quarters, with the master bedroom boasting picturesque views of the surrounding countryside. Each bedroom receives plenty of natural light through well-placed windows. The bathroom is enhanced by modern tiling and includes a panelled bath and wash basin, while a separate WC adds convenience. Outside, the property's garden measures approximately 50 ft x 40 ft and is predominantly laid to lawn. This expansive outdoor area offers significant potential for extensions or additional landscaping (subject to planning approval), with existing architect plans available from the owner that outline various extension options. Notably, footings for a single-storey extension have already been established at the rear of the property. Milcombe’s village location enhances this property's appeal, surrounded by rolling countryside and within easy reach of local amenities. The front garden features a driveway offering off-road parking alongside well-maintained lawn space. This home not only serves as a comfortable residence but also stands as an intriguing investment opportunity for those willing to undertake renovations and capitalize on its potential growth in value.

Investment Analysis

(OX15 area)
Area Average
£387/sq ft
Avg Rent (weekly)
£337
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (OX15)

Area prices are rising by +3.1% over the last 12 months
3 year growth: -7.7%
5 year growth: 9.7%
Investment Disclaimer: Analysis based on OX15 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

Newcombe Close, Milcombe, Banbury OX15
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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
£1,044
Based on a loan of £213,750 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