A derelict barn on the Blenheim Palace estate that was in danger of collapse has been turned into a luxury three-bedroom home worth £500,000 - and it is now available for rent. Foxhole Barn was originally used as a farm storage building on the vast rural property in Oxfordshire. But it was abandoned 20 years ago when it was replaced by a more modern agricultural building. With the barn in danger of collapsing, bosses at Blenheim decided to give it an overhaul and put it to use as a rental property. Foxhole Barn has undergone a stunning conversion into a three bedroom, two storey home that has magnificent views over the Oxfordshire countryside and the Blenheim Palace estate - where Sir Winston Churchill was born Should you snap up the property, you'll be living near the only non-royal, non-episcopal country house in England to hold the title of palace. Foxhole Barn is designed with an open-plan feel in mind (pictured is a living area) Modern cooking equipment was installed in the kitchen as part of the renovation, which took around 12 months to complete. The renovation is part of a wider programme of works at Blenheim to transform abandoned buildings into luxury barn conversions The property offers stunning views over the Oxfordshire countryside (pictured). It is to the north-east of Oxford itself and is a short drive from the Cotswolds too Foxhole Barn (pictured) is now valued at £500,000, but is available to rent for £3,500 a month. It took 12 months to complete the work, which features an open-plan living space The barn (pictured before the renovations) was abandoned 20 years ago when it was replaced by a more modern agricultural building. But renovators have tried to retain much of the existing stonework in their renovations It has since undergone a stunning conversion into a three bedroom, two storey home that has magnificent views over the Oxfordshire countryside and the Blenheim Palace estate - where Sir Winston Churchill was born. Matthew Neilson, head of property at Blenheim, said: 'The overall design approach was to retain as much of the existing stone structure as possible in order to preserve and enhance the character of the site. 'Our in-house building project team, working with local contractors, made use of the existing openings in the building fabric; enlarging some to maximise the views from the site and the new openings are kept simple and in character with the property.' Foxhole Barn is now valued at £500,000, but is available to rent for £3,500 a month. It took 12 months to complete the work, which features an open-plan living space. Mr Neilson continued: 'The regeneration of the redundant farm building has allowed us to preserve the quirks of the building and the character of the site while at the same time providing a luxurious three-bedroom residential letting property. 'The original walled garden is a large part of the barn's character and the restoration, which involved retaining the numerous windows and openings in the barn as well as repairing the walls has really breathed new life into the property.' Renovators made sure to retain the original walled garden, which has been described as 'a large part of the barn's character and restoration'. The renovations also involved retaining the numerous windows and openings in the barn Original and modern features come together in the renovated property (right), with Matthew Neilson, head of property at Blenheim, describing it as 'preserving and enhancing the character of the site' Two large, floor to ceiling windows (right), which make use of original entrances into the barn, flood the ground floor with light and provide extensive views over the surrounding countryside The barn was largely derelict before renovators got to work. It had originally used as a farm storage building on the vast rural property The property covers a total of 1,797sq ft. It features a study, kitchen, living space and utility room on the ground floor. On the first floor here is a master bedroom and ensuite, a double and a single bedroom. There is also another bathroom and storage space on the first floor Covering a total of 1,797sq ft, the property features a study, kitchen, living space and utility room on the ground floor. On the first floor there is a master bedroom and ensuite, a double and a single bedroom. There is also a bathroom and storage space on the first floor. Two large, floor to ceiling windows, which make use of original entrances into the barn, flood the ground floor with light and provide extensive views over the surrounding countryside. Four bat boxes have been incorporated into the design along with a barn owl loft to encourage local wildlife. The renovation is part of a wider programme of works at Blenheim to transform abandoned buildings into luxury barn conversions.All rights reserved for this news site dailymail and under his responsibility