**For sale by Online Auction -Online Auction.25th of March 2026.

**

INCOME GENERATING 2 BED PROPERTY TO BE SOLD AT AUCTION

Description
Two-Bedroom Freehold House Melrose Court, Banbury (OX16) TO BE SOLD AT AUCTION

PLEASE REGISTER ON AUCTIONEERS WEBSITE FOR LEGAL PACK AND VIEWING INFO

Offering a gross yield of 5.25%, this two-bedroom freehold house in Banbury provides investors with an affordable entry point into the Oxfordshire market and the opportunity to add value through light refurbishment.

Currently let at £875 pcm (£10,500 per annum) and priced at £200,000, the property offers both stable income and potential for uplift once modernised. Spanning approximately 581 sq ft, it comprises two bedrooms, one bathroom, and a downstairs W/C, with a practical layout ideal for couples or small families.

With freehold tenure, EPC rating C, Council Tax Band B, and a Needs Work" condition rating, the property is well suited to investors seeking a light refurbishment project to enhance rental yield and capital value.

Situated in Melrose Court (OX16), the property benefits from proximity to Banbury town centre, schools, and local amenities, as well as strong commuter links to Oxford, Bicester, and London via the M40 and mainline station. The area remains in consistent rental demand from professionals and families due to its affordability and accessibility.

With solid fundamentals, scope for improvement, and an established tenancy, this property represents a low-maintenance, income-generating investment with clear potential for value growth in one of Oxfordshire's most active markets.

Legal PackA legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.

Auction Information
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.

UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 6%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

Pre Auction Offers Are Considered The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.