Shared Ownership
This superb modern home is available to buy from as little as £74,000 with a 40% share!
Situated on the second floor, this well-presented one-bedroom apartment offers approximately 552 sq ft of bright and modern living space, making it an excellent choice for first-time buyers, professionals or investors. The property features a spacious open-plan living, dining and kitchen area with direct access to a private balcony, creating the perfect space for relaxing or entertaining. There is a generous double bedroom, a contemporary bathroom and useful storage throughout. The apartment also benefits from one allocated parking space and is offered to the market with no onward chain.
Ideally located in the popular market town of Witney, the property is within easy reach of a fantastic range of shops, cafés, restaurants and leisure facilities, as well as the Marriotts Walk Shopping Centre. Residents can also enjoy nearby parks, countryside walks and excellent local amenities, offering the perfect balance of town and country living.
For commuters, the A40 provides excellent road links to Oxford, Cheltenham and the M40, while regular bus services offer convenient access to Oxford city centre and Oxford Parkway railway station, with connections to London and beyond. Combining a sought-after location, modern accommodation and excellent transport links, this superb apartment is not to be missed.
PRICING & AFFORDABILITY
Full Market Value: £185,000
40% Share Price: £74,000 (rent £317.00pcm)
Minimum 5% Mortgage Deposit (40% share): £3,700
Approximate Service Charges: £178.18pcm
Lease: 115 years
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
