Sold STC Retirement Property

37

SPENCER COURT, BRITANNIA ROAD, BANBURY, OXFORDSHIRE OX16 5EY

1 beds 1 baths 506 sq ft Listed 6 Aug 2025 (-349d)

£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

A first floor one double bedroom retirement apartment in this conveniently located warden assisted development in the town centre within walking distance of the railway station

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)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

37 Spencer Court, Banbury Floorplan.jpg

37 Spencer Court, Banbury Floorplan.jpg

EPC Graphs

EE Rating

EE Rating

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).

5y growth -31.8%
10y growth -64.7%

House Price Index (HM Land Registry — official index, not sold-price averages): Cherwell. Series: All dwelling types. As of April 2026.

1y (index) 3.2%
5y (index) 18.4%
10y (index) 24.1%

Rental Range

Estimated market rent for Cherwell. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,160/mo
Realistic £1,289/mo
Optimistic £1,418/mo

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 1.36%
Max investor price (0.8%) £118,750
Target investor price (1%) £95,000
Gross yield 16.3%
Cost-to-rent ratio 6.1×
Monthly cashflow £554/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 32.8%
  • 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).