Legal & General Affordable Homes: Shared Ownership apartments in Oxford
Collection of first time buyer homes available at Morris Square, Oxfordshire
Morris Square offers an exciting new opportunity to live in a vibrant community within easy reach of Oxford town centre. The apartments overlook a central square and are surrounded by landscaped gardens that feature a play area. The exterior features textured brickwork and bold lines to create an imposing architectural style.
Interiors are open-plan and stylish, with outsized windows to welcome the light. From the stunning, streamlines kitchens to the striking bathroom décor, everything is cool and modern. There is bicycle storage for every home and charging points for electric cars.
Future residents at Morris Square can travel anywhere in the city with ease. The centre of town is just an 18 minute cycle ride away and Oxford Parkway Station is a 15 minute drive. The train journey into London Paddington takes under an hour and the development is well served with busses as the 5, U5 and 15 goes into the centre of Oxford in no time at all.
Morris Square is just a short drive from the M40 and M25, while London Heathrow is within easy reach for trips further afield.
Oxford and its historic surroundings
Whether you wish to enjoy the smart shops of The Westgate, explore the antique shops of Gloucester Green, browse the stalls of the Covered Market or take a stroll along the historic High Street, you can eat, drink and shop till you drop in Oxford.
Immerse yourself in history at the Castle, spend the afternoon strolling around a museum, then round off the day with a night at the theatre… there’s something special around every corner.
History buff? Cowley is an area that has long been famous for making cars and, in 1913, a young bicycle manufacturer named William Morris opened a car factory here. Today, Morris Square sits on the site of the workers’ Sports and Athletics Club.
Shared Ownership at Morris Square
The government-backed Shared Ownership scheme allows you to purchase a desirable property at Morris Square at a fraction of the market price. Here’s how:
Let’s say you want to purchase a house at Morris Square, valued at £280,000. Luckily, with Shared Ownership you don’t need to pay the full amount. Instead, you can opt to purchase a 40% share of the property – £112,000. You then need to raise a 5% deposit for your 40% share – just £5,600 – and secure a mortgage on the outstanding amount.
Furthermore, if after you have moved into the property you decide you want to own the property outright, you can increase the share you own of your property to 100% – something we call staircasing.
To register your interest in this remarkable development, you can visit landgah.com/morris-square
Share to Buy is a one stop shop for affordable homes. On our website, you can search for properties, compare mortgages and find out all you need to know about alternative home buying schemes such as Shared Ownership and Help to Buy.