To be sold by online auction (unconditional) on Thursday 30th April 2026 with a 6 WEEK... Read More
Quote Reference: 6131235
To be sold by online auction (unconditional) on Thursday 30th April 2026 with a 6 WEEK COMPLETION, bidding will open at 10.00.
Situated on Broughton Road in the well connected market town of Banbury, this three storey, two bedroom terraced property presents a compelling opportunity for investors and buyers seeking a project with clear scope for value enhancement. Requiring internal modernisation throughout, the property offers the chance to refurbish and reposition to meet current market expectations, making it particularly attractive for those looking to add value and maximise returns.
The location is a key highlight, with Banbury offering excellent transport links including a mainline railway station with direct services to London and Birmingham, as well as convenient access to the M40 motorway. The town centre provides a wide range of amenities, retail options, and leisure facilities, while nearby schooling and green spaces further enhance its appeal to a broad tenant and buyer demographic. This combination of connectivity and local infrastructure continues to underpin strong and consistent demand in the area.
Auction
To be sold by online auction (unconditional) on Thursday 30th April 2026 with a 6 WEEK COMPLETION, bidding will open at 10.00.
To view
Viewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.uk
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Tenure
Freehold with vacant possession.
EPC rating
To be confirmed.
Council tax band
B - Cherwell
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor. The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.
Guide prices
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.
Additional fees
A buyers charge of £1,650 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.
Deposit
If you are the highest bidder when the auction ends, contracts are exchanged between you and the seller. Both parties are legally bound to complete the transaction as per the special conditions in the legal pack. Your card will be automatically debited for the bidder security amount of £6,000 and we'll require the remaining balance for a 10% non-refundable deposit. We will contact you after the auction has finished to make these arrangements.
Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".
Mortgage finance
We advise all bidders who require a mortgage to confirm with their Financial Advisor as to whether or not the lot you are interested in would be suitable security to borrow finance against, prior to bidding. If you need to arrange a mortgage it is important that you obtain an offer from your lender before the day of the auction. Most building societies and banks will instruct a surveyor to prepare a valuation report before making a mortgage offer.
Please note
All plans are strictly for identification purposes only and should not be relied upon. Please refer to the legal pack for the Land Registry plan of each lot. Any plans are reproduced from Ordnance Survey maps with kind permission of the Controller of His Majesty's Stationery Office @ Crown copyright. All rights reserved, Licence no: 100020449.
Video Viewings: If proceeding without a physical viewing please note that you must make all necessary additional investigations to satisfy yourself that all requirements you have of the property will be met. Video content and other marketing materials shown are believed to fairly represent the property at the time they were created.
Quote Reference: 6131235
Senior Sales Manager, Banbury Sales
Mortgage Advice Bureau works with Chancellors to provide their clients with expert mortgage and protection advice. Mortgage Advice Bureau has access to over 12,000 mortgages from 90+ lenders, so we can find the right mortgage to suit your individual needs. The expert advice we offer, combined with the volume of mortgages that we arrange, places us in a very strong position to ensure that our clients have access to the latest deals available and receive a first-class service. We will take care of everything and handle the whole application process, from explaining all your options and helping you select the right mortgage, to choosing the most suitable protection for you and your family.
Stamp duty calculator provided by The Property Hive is intended to provide an estimate of the stamp duty land tax payable on a residential property purchase in England or Northern Ireland. However, the calculator is provided for general information purposes only and should not be relied upon as a substitute for professional legal or tax advice. The actual amount of stamp duty payable may differ from the estimate provided by the calculator, depending on various factors such as the purchase price, the property type, and the buyer's circumstances. Property Hive does not accept any liability for any loss or damage arising from the use of, or reliance upon, the stamp duty calculator. It is recommended that you seek independent legal and tax advice before making any property purchase decisions.
Regulations require that we undertake identity and AML checks, and secure information on the circumstances of your purchase in line with our obligations to verify your identity and complete Customer Due diligence as part of you agreeing any offer with our client. These are dictated by regulation and enforced by trading standards. Whilst we retain responsibility for ensuring checks are carried out correctly and for ongoing monitoring, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or made an offer on a property you wish to buy that is provisionally agreeable to our client.
We have looked to provide benefits alongside undertaking these checks to ensure this is not an additional cost to you. These include complementary Lifetime Legal membership for 3 months, and where you use Chancellors Conveyancing services we have also arranged for this cost to include the AML/ Customer due diligence cost your solicitor would normally charge you for their regulated required checks. The cost of these checks is £80 plus VAT (£96 inc VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee is paid in advance, directly to Lifetime Legal and is non-refundable.
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