Share Price £180,000 (from 75% Min. Share)

Full Value £240,000 | £9,000 Min. Deposit

Scheme: Over 55's Shared Ownership

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2 bedroom apartment in Oxford - Oxfordshire

place Shotover View, Craufurd Road, OX4 2SQ

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Domovo Retirement

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Two Bedroom Second Floor Apartment in Oxford available through the Shared Ownership scheme


Eligibility

You may be eligible for this property if:

  • You are 55 or over.
  • You have a gross household income of no more than £90,000 per annum.
  • You are unable to purchase a suitable home to meet your housing needs on the open market.
  • You do not already own a home or you will have sold your current home before you purchase or rent.

 


Description

The property boasts a number of key features such as entrance hall, living room, balcony, kitchen, two bedrooms and 'Jack and Jill' style shower room.

Externally, there are communal gardens and a communal car parking area.

Shotover View is host to a variety of amenities including a hair salon*, scooter store, guest room*, lounge, TV lounge, activities room, laundry room, cafe* and garden area. 

There is no rent but a monthly service charge of £412.26 and a core care charge of £58.68.

 

Local Information

Oxford is a city in the South East region of England and the county town of Oxfordshire. The city is 51 miles (82 km) from London, 61 miles

The city is known worldwide as the home of the University of Oxford, the oldest university in the English-speaking world.

Oxford has had three main railway stations, with destinations such as London Euston, Paddington, Manchester Piccadilly and Newcastle. There are also five Park & Ride Bus Stations throughout the city.

Oxford is a very green city, with several parks and nature walks within the ring road, as well as several sites just outside the ring road. In total, 28 nature reserves exist within or just outside Oxford ring road.

 

Shared Ownership for the over 55's - How does it work?

Whether you are retired, planning for your future or downsizing, where you live and quality of life is important. Oxlip House provides you with the privacy of your own apartment but with the sense of community.

You buy a share in your home (50% or 75%) with the remaining share owned by bpha. There is no rent to pay on a 75% purchase. This property has a 75% share available to purchase.

In the future, you can simply sell your share for its value at the time of sale (current market valuation required).

To qualify for the property, applicants will be required to have a sale agreed on their current property (if applicable) and have to be approved by Help to Buy East and South East, pass the necessary checks, and be over the age of 55.

The association will carry out an affordability assessment on any interested applicants and this will also be subject to care assessment.

Please note, applicants individual care needs will be assessed once an application has been made, however any potential purchaser will be required to pay for tailored care, with the amount confirmed by the care provider, in addition to the charges stated above.

 

*Fee applies


Key Features

  • Lifts
  • Scooter Store
  • Guest Room
  • Garden Area
  • Lounge
  • TV Lounge
  • Cafe
  • Activities Room
  • Hair Salon

Download Documents

Link to the floor plan Energy Certificate
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Domovo Retirement

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Location

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.