Shared Ownership
This superb modern home is available to buy from as little as £100,000 with a 40% share!
A well-presented and generously proportioned two-bedroom first floor apartment offering spacious and well-presented accommodation.
The property features a spacious open-plan kitchen/reception room extending over 26 ft in length, creating a bright and versatile living space with ample room for both dining and relaxing. The fitted kitchen is thoughtfully arranged with good storage and worktop space, while large windows allow plenty of natural light throughout the room.
There are two well-sized double bedrooms, both enjoying pleasant proportions and flexibility for use as guest accommodation, a home office, or additional living space. A central hallway provides access to the family bathroom and useful storage cupboards, enhancing the practicality of the layout.
Situated in a popular residential area of Didcot, the apartment benefits from excellent access to local amenities, transport links, and the town centre, with Didcot Parkway station offering direct rail services to Oxford, Reading, and London Paddington.
PRICING & AFFORDABILITY
Full Market Value: £250,000
40% Share Price: £100,000 (rent £360 pcm)
Minimum 5% Mortgage Deposit (% share): £5,000
Approximate Service Charges: £98 pcm*
Lease: TBC
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.
** This home can also be purchased outright (100% of the value) which is £250,000 and a purchaser would not need to meet the eligibility criteria listed above.
