Summary - 4 FLAT 3 MERTON STREET BANBURY OX16 4RP
1 bed 1 bath Flat
Long lease, commuter location and strong rental yield potential near Banbury station..
Long lease: approx. 152 years remaining
Close to Banbury station and 10-minute walk to town centre
Estimated rent c. £950pcm — projected yield over 8.5%
Sold at modern auction — 4.5% non-refundable reservation fee applies
Buyer Info Pack £300 inc. VAT; optional service fees up to £450
Service charge £550 pa; ground rent £150 pa
Presented in good condition with gas central heating and double glazing
Area has higher crime rates and local deprivation indicators
This top-floor one-bedroom flat in Banbury offers practical, commuter-friendly living with a long lease and good rental prospects. Located a short walk from Banbury station and the town centre, it suits buy-to-let investors seeking immediate income or first-time buyers wanting town access.
The apartment is presented in good condition with gas central heating and double glazing. The layout includes a large double bedroom, living room, kitchen and bathroom within an average-sized 481 sq ft footprint. Estimated rental value is around £950 pcm, suggesting an approximate yield over 8.5% at the asking price.
Buyers must note this property is sold via a modern auction. A non-refundable reservation fee (4.5% of the purchase price, minimum £6,600) and a £300 Buyer Information Pack fee are payable in addition to the purchase price. Service fees of up to £450 may also apply if optional services are used.
The wider area is a mixed urban community close to supermarkets, retail parks, and the M40 for commuters. The neighbourhood has higher-than-average crime and some local deprivation indicators — factor this into rental expectations or personal suitability.
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