Shared Ownership
This superb modern home is available to buy from as little as £125,000 with a 50% share!
A spacious first floor apartment offering well proportioned accommodation in this popular residential location and benefiting from a long lease. The home comprises an entrance hall, open plan lounge/kitchen/diner, two double bedrooms, bathroom, a private balcony and allocated parking.
Franklin Gardens forms part of the popular Great Western Park development, a thriving community on the edge of Didcot. Residents enjoy easy access to a range of local amenities including shops, cafés, schools, leisure facilities and open green spaces. The nearby Orchard Centre offers a wider selection of retail and dining options, while the surrounding Oxfordshire countryside provides excellent opportunities for walking and recreation.
The property is ideally positioned for commuters, with Didcot Parkway railway station offering fast and direct services to Oxford, Reading and London Paddington. The A34 is also within easy reach, providing convenient road links to Oxford, Newbury, the M4 and wider motorway network.
PRICING & AFFORDABILITY
Full Market Value: £250,000
50% Share Price: £125,000 (rent £321.06pcm)
Minimum 5% Mortgage Deposit (50% share): £6,250
Approximate Service Charges: £96.63pcm*
Lease: 987 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 having immediate family who are currently living. Proof will be required of a local area connection.
*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.
