37
SPENCER COURT, BRITANNIA ROAD, BANBURY, OXFORDSHIRE OX16 5EY
£70,000
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Property details
Tenure
LEASEHOLD (98 years remaining on lease)
Floor area
47 m²
Council tax band
B
EPC rating
B
Year built
England and Wales: 1996-2002
Last sold
£68,200 Apr 2026
Price per m²
£1,489/m²
Local average
£384,409 (-81.8%)
Deprivation
Decile 4 (12,967 of 33,755)
Street crime
248 incidents within 1 mile (May 2026)
Key features
- Well presented retirement apartment
- One double bedroom
- First floor - lift available
- Town centre location
- Communal well maintained gardens
- No onward chain
- Over 60's
- Resident House Manager
- Regular social events
Additional details
- Parking
- Yes
Description
Situation - BANBURY is conveniently located only two miles from Junction 11 of the M40, putting Oxford (23 miles), Birmingham (43 miles), London (78 miles) and of course the rest of the motorway network within easy reach. There are regular trains from Banbury to London Marylebone (55 mins) and Birmingham Snow Hill (55 mins). Birmingham International airport is 42 miles away for UK, European and New York flights. Some very attractive countryside surrounds and many places of historical interest are within easy reach.
The Property - 37 SPENCER COURT forms part of this well served complex of retirement apartments situated in the town centre. This is a first floor apartment complemented by a range of communal facilities, House manager, CCTV security and south facing communal gardens to the rear.
A floorplan has been prepared to show the dimensions and layout of the property as detailed below. Some of the main features are as follows:
* Communal lobby and entrance where there is a Manager's office, access to communal resident's lounge and kitchen, a short walk to the communal laundry and lift to the upper floors.
* Entrance hall with intercom system and airing cupboard.
* Light and airy sitting room with space for dining table, feature fireplace, window to front, door to kitchen.
* Kitchen comprising wall and base mounted units, integrated oven and hob, space for fridge, window to front.
* Double bedroom with built-in wardrobes.
* Bathroom comprising bath with shower over, wash hand basin, WC and extractor fan.
The property is held on a 125 year lease which commenced 01/12/98.
Service charge £2,667.48 per annum. Ground rent £330 per annum.
* Communal well tended south facing gardens.
* Communal parking for residents which is ANPR regulated.
Services - All mains services are connected with the exception of gas.
Age Restriction - Residents must be over the age of 60 or in the event of a couple purchasing one must be over the age of 60 and the other over 55.
Local Authortity - Cherwell District Council. Council tax band B.
Viewing - Strictly by prior arrangement with the Sole Agents Anker & Partners.
Energy Rating: B - A copy of the full Energy Performance Certificate is available on request.
Anti Money Laundering Regulations - In accordance with current legal requirements, all prospective purchasers are required to undergo an Anti-Money Laundering (AML) check. An administration fee of £30 plus VAT per applicant will apply. This fee is payable after an offer has been accepted and must be settled before a memorandum of sale can be issued.
Listed by
Banbury
Anker & Partners
Reference: 165399809
EPC Rating & Upgrade Cost
Current rating: B
Potential rating: B
Inspection date: 01/08/2025
Expiry date: 31/07/2035
Current heating cost: £128/year
Potential heating cost: £128/year
Est. upgrade cost to C: £1,050
Recommendations
- Heat recovery system for mixer showers (£600 - £1,500)
Flood risk
Zone: 1
Risk: Low
Job (default Low)
Price history
-22% since 2014
| Event | Date | Price | % change |
|---|---|---|---|
| Sold | 10/04/2026 (3 months ago) | £68,200 | -21.6% |
| Sold | 04/07/2014 (12 years ago) | £87,000 | — |
Source: HM Land Registry Price Paid Data. Crown copyright.
Sold Comparables
Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.
| Address | Price | Date | Type |
|---|---|---|---|
| 11 SWAN INDUSTRIAL ESTATE, BANBURY, CHERWELL, OXFORDSHIRE, OX16 5DH | £295,000 | 26/11/2021 | Other |
| 4 SWAN INDUSTRIAL ESTATE, BANBURY, CHERWELL, OXFORDSHIRE, OX16 5DH | £280,000 | 02/08/2021 | Other |
Area average: £287,500 (2 sales)
Capital growth trend
Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).
House Price Index (HM Land Registry — official index, not sold-price averages): Cherwell. Series: All dwelling types. As of April 2026.
Rental Range
Estimated market rent for Cherwell. Low = conservative, Realistic = average, Optimistic = best case.
Based on Local Authority from postcode lookup → Cherwell.
LHA (30th percentile) floor for Cherwell Valley: £773/mo (Apr 2025 – Mar 2026)
Location
Address
15 Gatteridge Street
Nearby
Nearest stations, universities and amenities (distance from property).
| Type | Name | Distance |
|---|---|---|
| Bus stop | Morrisons | 0.1 miles |
| Shop | Damo's Vehicle Repair Centre | 0.1 miles |
| Shop | MCC Body Repair | 0.1 miles |
| Train station | Banbury | 0.3 miles |
| Hospital | Horton Midwifery-led Unit | 0.4 miles |
| Train station | King's Sutton | 3.4 miles |
| Hospital | Chipping Norton War Memorial Community Hospital | 11.7 miles |
Street-level crime
| Category | Count |
|---|---|
| Violence and sexual offences | 94 |
| Anti-social behaviour | 41 |
| Shoplifting | 26 |
| Public order | 24 |
| Other theft | 16 |
| Criminal damage and arson | 12 |
| Vehicle crime | 9 |
| Other crime | 8 |
| Drugs | 6 |
| Burglary | 3 |
| Possession of weapons | 3 |
| Robbery | 3 |
| Theft from the person | 2 |
| Bicycle theft | 1 |
| Total incidents | 248 |
Within 1 mile during May 2026. Source: data.police.uk (England & Wales).
Schools nearby
Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.
| Name | Type | Distance | Ofsted |
|---|---|---|---|
| St John's Priory School | Other | 0.3 miles | — (No rating) |
| English Language Training | Other | 0.3 miles | — (No rating) |
| Harriers Banbury Academy | Primary | 0.4 miles | Good — 25 Nov 2014 |
| St Mary's Church of England Primary School, Banbury | Primary | 0.5 miles | Good — 5 May 2022 |
| Dashwood Banbury Academy | Primary | 0.5 miles | Good — 5 Feb 2014 |
Rental Comparables
Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.
| Title | Rent | Beds | Distance | As seen on |
|---|---|---|---|---|
| The Studio Annex, Sinclair Avenue, Banbury | £800/mo | — | 1.11 miles | Rightmove |
| 1 Bed Flat, Overthorpe Road, OX17 | £1,100/mo | 1 | 1.19 miles | OpenRent |
Average rent: £950/mo (2 listings)
Rent-driven metrics
Based on OpenRent comparables.
- Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
- Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
- Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
- Gross yield — Annual rent as % of purchase price (no costs).
- Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
- Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
- ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).