Shared Ownership
This superb modern home is available to buy from as little as £184,500 with a 45% share!
This well-presented mid terrace home offers thoughtfully arranged accommodation across two floors, ideal for modern living. The ground floor comprises a contemporary fitted kitchen, a convenient downstairs WC, and a spacious living/dining room to the rear with direct access to the garden. Upstairs, the property features three well proportioned bedrooms alongside a modern family bathroom.
The property benefits from a welcoming residential setting with a strong sense of community. The nearby town of Wallingford offers a charming mix of independent shops, cafés, pubs, and everyday amenities, while larger supermarkets and leisure facilities are also within easy reach. The area is well regarded for its schooling options and riverside surroundings and 'The Springs' golf course is within a 10 minute drive.
Didcot Parkway station is just a short drive away, providing fast and direct rail services into London Paddington in under an hour. The A4074 offers convenient road access to Oxford, Reading, and beyond, while local bus routes connect surrounding villages and towns with ease.
PRICING & AFFORDABILITY
Full Market Value: £410,000
45% Share Price: £184,500 (rent £592.93pcm)
Minimum 5% Mortgage Deposit (45% share): £9,225
Approximate Service Charges: £46.65pcm*
Lease: 119 years remaining
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.
LOCAL AREA CONNECTION
Buyers must have a local area connection to South Oxfordshire district. This can be in the way of living and/or working in the borough or if you have immediate family living within the district. Proof of a local area connection will be required.
*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.
