Shared Ownership
This superb modern home is available to buy from as little as £106,500 with a 30% share!
A well-proportioned three-bedroom home offering approximately 920 sq ft of accommodation, situated within a popular residential area of Moreton-in-Marsh. The property benefits from a private driveway providing off-road parking for one car, along with a practical layout arranged over two floors.
The ground floor comprises a welcoming entrance hall, a separate kitchen/breakfast room and a generous reception room with direct access to the rear garden. There is also a convenient downstairs WC. Upstairs are three bedrooms alongside the family bathroom, with the main bedroom providing particularly good proportions.
Sunderland Road is conveniently positioned for the amenities of Moreton-in-Marsh, including shops, cafés, restaurants and everyday services. Moreton-in-Marsh railway station is within easy reach and provides direct rail connections towards Oxford and London Paddington, while the surrounding Cotswolds offer a wide choice of countryside walks and nearby villages.
PRICING & AFFORDABILITY
Full Market Value: £355,000
30% Share Price: £106,500 (rent £648.39pcm)
Minimum 5% Mortgage Deposit (30% share): £5,325
Approximate Service Charges: £42.95pcm*
Lease: 112 years
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:
• You must have lived for 3 years, worked for 5 years or have had immediate family living in the local parish, surrounding area or Cotswold district to buy this home.
• 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.
Council Tax Band D
