2 bed flat for sale

Lodge Close, Banbury OX16

Key features


 Long lease of 999 years upon completion
 Good storage in the property with large walk-in cupboard in the second bedroom which is big enough for a small study or gym
 Excellent location near to the town centre and local amenities
Property overview


The property forms part of a two-storey block of four similar flats which is part of a development of 11 blocks providing 53 flats in total. The development was built around 1975 and is built in brick with interlocking tile roofs. A well-groomed quiet area which is highly sought after.

The ground floor flat itself comprises living room, kitchen/breakfast room, two bedrooms and bathroom, with an extra-large internal walk-in cupboard which could also be a small study. The property benefits from gas fired central heating with a current boiler, and recent UPVC double glazed windows.

The property is offered for sale Leasehold with a 999-year Lease and peppercorn rent. The development is managed by a Management Company and is subject to a Service Charge covering maintenance of the communal areas and covering the building insurance. The Service Charge is currently £1000 per annum with no ground rent.

There is ample car parking spaces which is conveniently non-allocated. Access to Banbury town centre is a 15-minute walk and shopping facilities and the hospital are within a 5-minute walk. By car, access to the M40 and major roads to Oxford, South, and Warwick to the North, Stratford upon Avon, Milton Keynes and Northampton are easily accessible.
Property description


Entrance Hallway – 4.5m x 1.1m

The property is accessed via a communal entrance hall with secure front door and entry phone system. The entrance hallway has a tiled floor with access to all rooms. There is a useful shelved storage cupboard.

Lounge – 5.0m x 3m

The lounge is accessed via a double door. There is a double-glazed picture window, a door to the kitchen and a TV aerial point and centre light.

Kitchen/Breakfast Room – 4.0m x 3.2m

The kitchen has a double-glazed window to the front aspect. A range of kitchen units with worktop over. A built under double oven with electric hob over. There is space for a washing machine, fridge and freezer. There is an extractor fan above the hob. The wall mounted boiler was replaced recently. There is a built-in storage cupboard/larder in the corner.

Bathroom – 2.05m x 1.7m

The bathroom comprises W.C. And wash basin and a corner bath with shower over. The walls are fully tiled. The bathroom has a UPVC double-glazed window.

Bedroom One – 3.4m x 3.4m

There is a UPVC double-glazed window and built in wardrobe cupboard with a centre light.

Bedroom Two – 3.4m x 2.7m

There is a UPVC double-glazed window and centre light. There is access to a good size cupboard space which also could be a study room. Approximate size of this cupboard is 2.1m x 1.4m.

Outside

The property benefits from well-maintained gardens and ample car parking spaces on the development which are not allocated. There is a communal TV aerial, satellite system, bin store arrangement and a communal bicycle store, with coded locks.

All room sizes are approximate.
Stamp duty due


Based on a sale price of £174,950 the current stamp duty payable would be:

£999 *

* This value is based on the standard rate. This does not apply to first-time buyers, or second home buyers/buy to let buyers. This value is applicable from 1st April 2025.
Further information


EPC Rating – D

Council Tax Band – B

Tenure – Leasehold (999 years) on a Peppercorn Rent

Utilities – Mains Water, Mains Electricity, Mains Gas, Mains Sewage, Telephone Line