Shared Ownership
This superb modern home is available to buy from as little as £166,000 with a 40% share!
A well presented semi detached home offering over 1,000 sq ft of accommodation, with a practical layout ideally suited to modern family life. The ground floor features a welcoming entrance hall, convenient cloakroom, a spacious reception room and an impressive 17ft kitchen/dining room. Upstairs are three bedrooms and a family bathroom. The house come with allocated parking and a generous rear garden.
Situated in Didcot, the property enjoys convenient access to a wide range of everyday amenities, including supermarkets, shops, cafés, restaurants and leisure facilities. The town centre and The Orchard Centre provide a good selection of retail and dining options, while families are well served by schools and recreational facilities in and around the town. The surrounding Oxfordshire countryside also offers plenty of opportunities for walking and outdoor pursuits.
Didcot is particularly well placed for commuters, with Didcot Parkway railway station providing fast and frequent services towards Oxford, Reading and London Paddington. The A34 is also readily accessible, offering road connections towards Oxford, Newbury and the M4, making the property a convenient base for travel throughout Oxfordshire and the wider Thames Valley.
PRICING & AFFORDABILITY
Full Market Value: £415,000
40% Share Price: £166,000 (rent £562.13pcm)
Minimum 5% Mortgage Deposit (40% share): £166,000
Approximate Service Charges: £44.19pcm*
Shared Ownership Lease: 988 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
Buyer must have a local area connection in order to be eligible. This can be by way of living and/or working in the local borough of South Oxfordshire District Council or by having immediate family living in the district. Proof 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.
