Shared Ownership
This superb modern home is available to buy from as little as £126,000 with a 40% share!
Situated on the popular Swinbrook Park development, this beautifully presented home offers stylish, modern living with the added benefit of off road parking. The property features a sapcious open plan lounge/kitchen/diner, a ground floor WC, and two well proportioned bedrooms served by a modern family bathroom. Outside, the home enjoys a low-maintenance rear garden and two allocated parking spaces
Empire Drive is ideally positioned within easy reach of Carterton's excellent range of amenities, including supermarkets, cafés, restaurants, leisure facilities and highly regarded schools. The nearby recreation areas and country walks provide plenty of green space to enjoy, while the historic city of Oxford and the picturesque Cotswolds are both within easy reach.
Excellent transport links make this an ideal location for commuters. The A40 provides direct access to Oxford and Cheltenham, while nearby Hanborough and Charlbury railway stations offer regular services to Oxford, Worcester and London Paddington. RAF Brize Norton is also just a short drive away, making this a convenient location for military personnel.
PRICING & AFFORDABILITY
Full Market Value: £315,000
40% Share Price: £126,000 (rent £465.75pcm)
Minimum 5% Mortgage Deposit (40% share): £6,300
Service Charges: £54.18pcm*
Lease: 115 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 West Oxfordshire DC or having immediate family who are currently living. 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.
