Share Price £110,000 (from 40% Min. Share)

Full Value £275,000 | £11,000 Min. Deposit

Scheme: Shared Ownership Resales

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3 bedroom apartment in Oxfordshire

place Kimmeridge Road, Cumnor, Oxford, OX2 9RQ

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Catalyst Housing resales

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Available on a part-buy/part-rent basis for £110,000 for 40% share


Eligibility

To be eligible for this property you must have a deposit of £11,000 and live or work in the Oxfordshire city council authority area.


Description

GIA: 60m2

Living room/ Dining room (3.3m2 x 3m2)
Spot lights
Light grey covered wood flooring

Kitchen - approx. (2.8m2 x 2.2m2)
Good sized grey kitchen fitted with a range of fitted tops & units, hob, oven.
Laminated flooring
Open Plan to lounge

Bedroom 1 – approx. (3.4m2 x 3.4m2)
Good sized double room.

Bedroom 2 – approx. (3.4m2 x 3.4m2)
Double room

Bedroom 3 – approx. (3.3m2 x 2.3m2)

Bathroom/WC – approx. (2m2 x 2m2)
Fitted bathroom with shower over bath, shower screen, housing basin.
Fully tiled
.
Hallway
Grey wooden flooring
Spot lights

Outside
Off street parking – one space two further bays

Energy Efficiency Rating – C
Environmental Rating – B


Sale Price and Equity
Full market value:£275,000Monthly net rent:£339.44
Share available:40%Monthly service charge:£146.12
Share price:£110,000
The rent review is every April. Quoted rental figures are based on the 2020/21 financial year


Key Features

LOCATION:
The property is located in Cumnor 3.5 miles West of Oxford City centre.The property comprises of a 1 bedroom flat located in a purpose built block situation in an established residential close with allocated parking.
Excellent local facilities available.
 Great transport links to the town centre and direct to London.
Countryside walks along the footpaths and bridleways
SHARED OWNERSHIP:
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.

 


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Calculate Monthly Cost

Share price
£ 110,000
Min. £110,000
Share percentage
Min. 40%
Your deposit
Min. £11,000
Monthly cost*
£959
Cost breakdown
£339
Rent
£146
Service charge
£474
Mortgage*
Calculated using a representative rate of 3.09%
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Catalyst Housing resales

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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.