Summary - 31, Albert Street OX16 5DG
2 bed 1 bath Flat
Well-presented first-floor flat with 999-year lease and no onward chain.
Two double bedrooms and spacious first-floor accommodation
A well-presented two-bedroom first-floor flat in Banbury town centre, offered with no onward chain and a new 999-year lease on completion. The apartment is arranged over two levels and provides surprisingly generous accommodation for a town-centre flat, with two double bedrooms, a light living room and a compact contemporary kitchen. UPVC double glazing and wall-mounted electric heating make it low-maintenance in the short term.
This property suits a first-time buyer or buy-to-let investor looking for central location and instant occupancy. The long lease (999 years) and no ground rent are strong tenure positives; there will be a contribution towards building insurance and occasional maintenance but no regular service charge. On-street parking and immediate access to shops, transport and local amenities put everything on the doorstep.
Buyers should note material drawbacks honestly: the building sits in a very high crime and very deprived area, there is no private outdoor space, and primary heating is by electric heaters (no mains gas). The flat occupies the first floor of a mixed-use, post-war terrace with a commercial frontage below — suitable for town-centre living but not for those seeking quiet suburban surroundings.
Overall, this is a practical, ready-to-move-into town-centre flat with long-lease security and clear investment potential, provided purchasers accept the urban location and electric heating arrangement.
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