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New Road, Charney Bassett OX12

South East

£975,000
Listed on 18/03/2026

Property Details

Bedrooms
N/A
Type
Land

Description

This property presents a significant opportunity for investors and developers, with planning approval now in place for the transformation of The Old School into two residential units, alongside three new four-bedroom detached houses. Spanning approximately 0.73 acres, this site is situated to the east of Charney Bassett village, an area known for its vibrant community and picturesque countryside setting adjacent to the River Ock. The former school building, established in 1871, offers character and potential for conversion, benefiting from its location within a conservation area. With local amenities such as a village hall and highly regarded pub nearby, this project not only taps into housing demand but also integrates well with community life. Prospective buyers will need to consider the Community Infrastructure Levy (CIL) obligation of £278,286 associated with this consent, which reflects the ongoing investment required. Overall, this site stands out as an exciting redevelopment prospect in a desirable rural locale.

Investment Analysis

(OX12 area)
Area Average
£359/sq ft
Avg Rent (weekly)
£312
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £450,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (OX12)

Area prices are stable by -1.1% over the last 12 months
3 year growth: -1.5%
5 year growth: +6.3%
Investment Disclaimer: Analysis based on OX12 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

New Road, Charney Bassett OX12
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£3,516
Based on a loan of £731,250 over 30 years at 4.06% 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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