Hopcraft Lane, Deddington OX15

Hopcraft Lane, Deddington OX15

Asking price £1,250,000
Kings Sutton 3.2 miles
Heyford 4.3 miles
Market Place Post Office 0.1 miles

A rarely available Grade II Listed building currently used as offices but with potential for alternative uses subject to planning.

LOCATION
The property sits at the heart of the pretty village of Deddington which is located approx. 18 miles north of Oxford, 12 miles northwest of Bicester and 6 miles south of Banbury. The village itself provides a number of local facilities including public houses, restaurants, health centres and a wide range of shops, including a post office, a renowned independent delicatessen foodstore and an art gallery. It is an historic village and has some fine examples of period buildings.

Road communications are excellent as Deddington lies on the main A4260 between Oxford and Banbury. It provides easy access to both Junction 10 (A43) and Junction 11 (Banbury) of the M40. The nearest mainline rail service is Banbury which provides a regular connection to London Marylebone and to Birmingham. Orchard House is situated on the eastern side of the village surrounded by many period residential dwellings and the village centre is only a short walk away.

DESCRIPTION
Orchard House comprises a Grade II Listed 17th Century property with accommodation arranged over three floors. The property has been substantially extended to the rear with a two-storey extension formed around a courtyard.
The building is currently split into six office suites with some suites being currently occupied (full details available on request). Each office suite shares communal facilities and there is also a basement storage area within the original Grade II Listed building.

The property sits fronting Orchard Lane and as a result has an extremely large area of land to the rear which gently slopes away from the building. The closer part is currently laid as parking with the lower levels also providing further parking in what was historically an orchard.

Subject to the necessary planning consents the property offers potential to alternative uses. The total extent of the plot extends to just under an acre.

The property currently has a passing rent of £51,850 pa. with the potential to increase to £70,000 pa. giving an opportunity to enjoy income whilst looking at alternative development options, subject to planning.

VAT
The property is elected for VAT which will be payable on the purchase price. Option to treat the sale as a TOGC.

EPC
Individual EPCs for the separate suites are available on request.

TERMS
Offers are invited in the region of £1,250,000 for the Freehold interest. Conditional offers subject to planning will also be considered.

The next steps...

Before making an offer on a property you will want to consider your financial situation, your income and outgoings.

Will you finance the purchase of your next property from the sale of an existing property which can put you in a chain, arrange a mortgage through your bank or buy the property outright.
 
To help you finance your next property purchase, we have a long established relationship with an independent mortgage broker who can discuss your situation with you.

Remember that having a 'mortgage decision in principle' can make you a more attractive buyer when you make an offer on a property. Contact our mortgage advisers for free, no obligation and impartial advice.
 
Some advantages of a broker are:

  • They do all the legwork for you, working on your behalf with the lender
  • They compare wholesale mortgage rates from a large number of banks and lenders all at once
  • Wholesale interest rates can be lower than retail (bank branch) interest rates
  • You get more loan options because they work with numerous banks and lenders
  • Brokers can finance tricky deals because of their knowledge and various lending partners
  • Are typically easier to get in contact with, less bureaucratic.

However with your bank maybe able to:

  • Build off existing relationship (discounts if you have a checking/saving account)
  • You may already know the banker who will handle your mortgage
  • Perhaps more trustworthy, more accountable than a smaller shop
  • Lower interest rates in some cases
  • Ability to add mortgage to existing banking profile and make automatic payments from linked account.

When it comes to making an offer on a property a bit of negotiation is to be expected, however don't offer so little that you end up in a lengthy negotiation process, as you might lose the property altogether if someone else makes a higher bid.

If other offers have been made on a property we aren't legally able to tell you what they are, but we may indicate if they were close to the asking price.


We want to make the offer process as simple as possible and by registering with an account with Carter Jonas today, you can make offers on any of our properties online and at your convenience. Just register with us online and click the 'make an offer' button on any of our properties.

 

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Our offices are also open longer during the week and weekends and we can take calls from potential buyers 24 hours a day 365 days a year.

We can even take the stress out of managing your rental, our award winning lettings team offer a service that can be tailored to your needs.

Combined with over 150 years of experience and one of the highest customer satisfaction scores in the industry, Carter Jonas is the perfect property partner.

Why not book a free, no obligation valuation of your property and find out how
Carter Jonas can help you make your next move.

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Don't forget to use our innovative and unique property wizard to help you find properties you would may not have initially considered, and remember that by registering an account you can make an offer online on your dream home 24/7.

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When you see a property you are interested in on our website, call us 24/7 to arrange a viewing. Or if you prefer, get in touch via our website and we will call you back to find a time to view the property that suits you.

Key Property Details
Era
Period
Parking available
Off Street Parking
Locality
Village
Carter Jonas reference
OXF210048
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