Ground-floor retirement apartment with communal amenities and central location.
75% shared ownership — long lease remaining (approx. 144 years)
Over-55s development with extensive communal facilities onsite
Ground-floor two-bed flat with modern kitchen and open-plan living
Sold as seen; priced accordingly — some update or repairs possible
Monthly service charge £598.61 (includes rent and service contributions)
Community heating system — lower individual boiler maintenance
City location with fast broadband; higher local crime rate noted
Chain free sale — immediate move possible
This ground-floor two-bedroom flat in Park Gardens is part of an established over-55s development in central Banbury, offered as 75% shared ownership and available chain-free. The apartment has a contemporary open-plan feel with a modern fitted kitchen, well-presented communal facilities and easy access to local shops, transport links and health amenities — ideal for someone looking to downsize without losing convenience.
Residents benefit from onsite services including a café bar, lounge, activity studio, gym and salon, plus grounds maintenance and a community heating scheme that reduces individual maintenance tasks. The long lease (150 years from 2019, c.144 years remaining) gives security for long-term occupation under the shared ownership arrangement.
Buyers should note the property is sold as seen and priced with its current condition in mind. The monthly charge of £598.61 (inclusive of rent) covers service and rent elements — review the breakdown and ongoing costs carefully. The development sits in a busy town location with a higher local crime rate, which may be a consideration for some purchasers.
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