Share Price £75,000 (from 25% Min. Share)

Full Value £300,000 | £7,500 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Oxfordshire

place Owens Way, OX4 2GN

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Catalyst Housing resales

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Two bedroom flat on the 1st floor in Oxford is available now on a part-buy/part-rent scheme. Approx. 87 years remaining on the lease for £ 75,000 for 25% share


Eligibility

To be eligible for this property you must be earning a household income of at least

£23,062.50 with a deposit of £ 7,500 and live or work in the Oxfordshire authority area.


Description

GIA: 67m2

Bedroom 1 – approx.(16m2 x 14m2)

Double, carpeted, window and electric sockets.

Bedroom 2 – approx. (10m2 x 12m2)

Double, carpeted, window and electric sockets.

Bathroom WC/1– approx. (9m2 x 5m2)

White bathroom suite, semi tiled wall with a window.

Kitchen – approx. (8m2 x 6m2)

All kitchen appliances.

Lounge/Dining Room Combined– approx. (16m2 x 14m2)

Carpeted, window and a radiator.

Energy Efficiency Rating – C

Environmental Rating – B


Key Features

If you would like to view this property it will be at your own risk and choice following government advice below:

https://www.gov.uk/guidance/government-advice-on-home-moving-during-the-coronavirus-covid-19-outbreak

You will need to consent to sharing contact telephone numbers and arrange viewings directly with the seller. Virtual viewings are available upon request.

For further information or to book an appointment, please contact our Sales Team on:

0208 832 3247 or resale.staircasing@chg.org.uk

The scheme allows you to purchase the specified share of the property price, and pay a reduced rent on the share you do not own. You will have the opportunity to buy further shares (subject to affordability) at a later date.
As a shared owner you will be an assured tenant until you own 100% of the shares for the property after which you will own the leasehold interest.

Sale Price and Equity
Full market value:£ 300,000
Monthly net rent:£ 715.87
Share available:25%
Monthly service charge:£ 140.11
Share price:£ 75,000

The rent review is every April. Quoted rental figures are based on the 2020/21 financial year


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Calculate Monthly Cost

Share price
£ 75,000
Min. £75,000
Share percentage
Min. 25%
Your deposit
Min. £7,500
Monthly cost*
£1,178
Cost breakdown
£715
Rent
£140
Service charge
£323
Mortgage*
Calculated using a representative rate of 3.09%
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Catalyst Housing resales

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Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.