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Middleton Road, Banbury, Oxfordshire, OX16 3QR

Guide price £2,450,000 Having knowledge of the purchase price allows you to calculate the overall expense incurred in acquiring the property. Read our glossary page Freehold
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  • 24 bedrooms
  • 12 bathrooms
  • 12 receptions

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Council Tax A fee submitted to your local authority to cover expenses related to local amenities such as schools, libraries, and waste management. The payment amount is determined based on the property's value. Read our glossary page :  

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Tenure Explains the various forms of property ownership, including freehold, leasehold, and commonhold, and how they determine your rights and responsibilities as a property owner. Read our glossary page :  

Freehold

Use Class A commercial use class refers to a classification system that categorises buildings based on their intended commercial purposes, such as offices, retail spaces, or industrial facilities. Read our glossary page

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Features

  • Great Investment
  • Unique Opportunity
  • 12 Spacious 2 Bedroom Apartments
  • Parking
  • Close to Town Centre and Train Station
  • All Apartments Maintained to a High Standard
  • Further Development Opportunity (STNPP)

Nearest Stations

  • Banbury Rail Station - 0.2 miles
  • Kings Sutton Rail Station - 3.5 miles
  • Kings Sutton - Village Square - 3.7 miles

Located in the historic market town of Banbury, Cricketers Field offers a unique opportunity to acquire twelve well-maintained, two-bedroom apartments. The development consists of two separate blocks, each containing six apartments, offering both comfort and convenience for tenants and investors alike.

Key Features:

Modern Finish: Each apartment has been finished to a high standard, offering stylish living spaces with spacious accommodation throughout. The energy ratings of the apartments range between B & C, demonstrating their energy efficiency.
The Cricketers’ Pub Conversion: The development was originally the Cricketers' Pub, purchased by the current owners in 2010. After undergoing a conversion, the pub was transformed into six two-bedroom apartments, completed in 2012. These apartments benefit from modern fittings and a spacious layout.
Cricketer’s Field Development: Built in 2013, Cricketer’s Field includes an additional six two-bedroom double apartments. These apartments continue the theme of contemporary living with excellent finishes.
Potential for Expansion: Between the two blocks, there is a studio space which could be converted into an additional rental unit (subject to the necessary planning permissions). This offers further potential for income generation.
Ample Parking: The property includes ample parking for all twelve apartments, ensuring convenience for residents.
Location:

Town Centre Access: The apartments are within walking distance to Banbury town centre, where you'll find a variety of shops, restaurants, and local amenities.
Transport Links: The development offers excellent transport connections:
Banbury Train Station is just a short walk away, offering direct services to London, Oxford, and Birmingham.
The property also benefits from close proximity to M40 Junction 11, making it an ideal location for those commuting by car.
Rental Income:

The apartments are currently tenanted and always let well when they are re marketed.

Investment Summary:

Cricketers Field represents an excellent opportunity for investors looking to acquire a fully let, high-yield residential block in a growing commuter town. With its attractive location, high-quality finishes, and the potential for further rental development (via the studio conversion), this property is sure to be a highly lucrative investment.

 

Property Ref: S1513532

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