Shared Ownership
This superb modern home is available to buy from as little as £164,000 with a 40% share!
This modern mid terrace home benefits from superb views across Oxfordshire countryside and has accommodation that includes an open plan living area that opens to a dining space and kitchen, a ground floor cloakroom, two double bedrooms and bathroom. The house also comes with two allocated parking spaces.
Woodstock, home to the magnificent Blenheim Palace, provides an attractive selection of independent boutiques, restaurants and cafés, while the historic city of Oxford is just a short drive away, offering world-class shopping, dining, cultural attractions and universities. There is a secondary school within walking distance and the area is surrounded by beautiful Oxfordshire countryside, the location also provides an abundance of scenic walks and cycling routes.
Hanborough railway station is within easy reach and offers regular direct services to Oxford, Reading and London Paddington. The A40 is easily accessible, providing convenient road links to Oxford, Witney, Cheltenham and the wider motorway network via the M40. Regular bus services also connect the village with Oxford, Witney and surrounding areas.
PRICING & AFFORDABILITY
Full Market Value: £410,000
40% Share Price: £164,000 (rent £531.76pcm)
Minimum 5% Mortgage Deposit (40% share): £8,200
Approximate Service Charges: £33.16pcm*
Lease: 109 years remaining
Council tax band: C
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 £410,000 and a purchaser would not need to meet the eligibility criteria listed above.
*** The house suffered hydraulic flooding in September 2024 after heavy rainfall, remedial works have been carried out and the issue fixed.
