Thame Town Council has paid £366,000 to buy the town its first museum.
The town council has bought the old court house, in Lower High Street, from Oxfordshire County Council.
The chairman of the museum working party, David Bretherton, said he hoped the museum would open its doors next spring.
The money came from the sale of Pickenfield, town council-owned land which was sold for housing.
The council is now applying for additional grants.
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