Freshly refurbished two-bedroom retirement flat near Banbury station with immediate Secure Sale auction terms.
Two-bedroom third-floor retirement apartment, lift access
A practical two-bedroom retirement apartment in Spencer Court, freshly redecorated with brand new carpets and a new bathroom. The third-floor flat (served by a lift) sits in a well-managed complex with a house manager, communal lounge, laundry, off-road parking and south-facing communal gardens — convenient for social events and short walks to Banbury town centre and the railway station.
The apartment is move-in ready and sized at about 629 sq ft, with an L-shaped hall, sitting room, kitchen with fitted units, two bedrooms and a fully tiled bathroom. The lease has 125 years remaining, giving long-term security, and the property will be sold at auction via a Secure Sale process allowing immediate exchange when a bid is accepted.
Buyers should note this is a leasehold retirement scheme with an annual service charge of £3,732 and ground rent of £736. Heating is by electric storage heaters, which can be more expensive than gas where used, and the wider area records higher crime levels and relative deprivation — factors to consider for location and insurance.
This apartment suits downsizers seeking a managed communal environment, easy town access and immediate completion via auction. It offers low internal maintenance due to recent redecoration, but budget for ongoing service costs and monitor running costs for electric heating.
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