Summary - 57 ALMA ROAD BANBURY OX16 4RT
2 bed 2 bath Flat
Ideal buy-to-let with garage and strong rental forecast.
Two bedrooms, two bathrooms including en-suite
A compact two-bedroom, two-bathroom apartment on the second floor, well placed for Banbury railway station and town centre. The layout includes a modern fitted kitchen, en-suite to the principal bedroom and a useful garage plus an allocated parking space — uncommon for this development. The property is sold chain free with a long lease of approximately 134 years.
This unit suits investors seeking a straightforward buy-to-let: anticipated rent is £1,100–1,200pcm and the flat’s size and specification match long-term rental demand. Broadband and mobile signal are strong, and several good primary and secondary schools lie within easy reach, supporting steady tenant interest.
Buyers should note several material details: the building attracts a relatively high service charge (circa £2,000pa) and a ground rent of £200pa. Heating is by electric room heaters rather than central gas, which can raise running costs. The local area records higher crime and relative deprivation statistics; these factors affect both resale and tenant profiles and should be considered in underwriting.
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