Summary - SPENCER COURT 38 BRITANNIA ROAD BANBURY OX16 5EY
1 bed 1 bath Apartment
Low-maintenance first-floor apartment near Banbury town centre and station.
One double bedroom with built-in wardrobes
Modern refitted shower room with rain shower
24-hour emergency call system and on-site House Manager
Lift access, communal parking and well-maintained gardens
Sold via Modern Auction — undisclosed reserve and buyer fees apply
Non-refundable Reservation Fee typically 4.5% (min £6,600)
Leasehold ~98 years remaining; ground rent £330 per year
Electric storage heating only; area has higher crime and deprivation
This one-bedroom first-floor retirement apartment in Spencer Court offers low-maintenance living close to Banbury town centre and the train station. The development provides practical on-site support including a House Manager, 24-hour emergency call system, lift access and well-kept communal gardens — useful for buyers seeking independence with reassurance.
The flat has a long living/dining room, fitted kitchen, double bedroom with built-in wardrobes and a modern refitted shower room. Practical features include double glazing, off-street communal parking and electric immersion/storage heating; the apartment is compact and well suited to a single occupant or couple looking to downsize.
Important sale details and running costs are clear: the property is being sold via a Modern Method of Auction with an undisclosed reserve price. Bidders should allow for a non-refundable Reservation Fee (typically 4.5% of the purchase price, minimum £6,600) plus buyer fees and a buyer pack cost (circa up to £349). The lease has about 98 years remaining and ground rent is £330 per year.
Buyers should also note local context and services: the immediate area is classified as deprived with higher crime levels than average. Heating is electric storage heaters rather than gas, which can affect running costs. For those seeking a secure, low-upkeep retirement base near town amenities and transport, this property is a practical option if you accept the auction conditions and leasehold costs.
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