2 bedroom apartment for sale

Available

Kimmeridge Road, Cumnor, OX2 9RQ

£108,000 · Shared Ownership Resale

Share percentage 40%, full price £270,000, £10,800 Min Deposit.

Available
2 bedrooms
1 Bathroom
Parking
£108,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 40%, full price £270,000, £10,800 Min Deposit.

Monthly Cost: £930
Rent £345, Service charge £119, Mortgage £466*

Calculated using a representative rate of 3.09%

Calculate estimated monthly costs

£
Eligibility

Applicants from al boroughs may apply, however priority will go to those who live or work in the Vale of White Horse Borough.

Summary

A two bedroom flat is available on a part-buy/part-rent basis . Approx. 91 years remaining on the lease.

Description

The property is located in an urban area and is close to local facilities.

It is within the county of Oxfordshire which is in the South East (England) region of the UK. 54.48 miles West from the centre of London, 2.66 miles South West from the centre of Aylesbury and 23.51 miles North East from the centre of Swindon.
Bus Route: 4, 4B & S9.

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.

Sale Price and Equity

  • Full market value:£ 270,000
  • Monthly net rent:£ 329.87
  • Share available:40%
  • Monthly service charge:£ 171.90
  • Share price:£ 104,000

The rent review is every April. Quoted rental figures are based on the 2021/22 financial year

Key Features

Accommodation

  • Open Plan Kitchen/dining/living room
  • 2 x double bedroom with built in wardrobes
  • One bathroom

Garage, Outbuildings and Site

  • There is an off street parking (1 space)
  • The property has no garden
Map
Oxford (2.26 miles) Radley (4.74 miles) Oxford Parkway (4.99 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • 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.

£108,000
Shared Ownership Resale
Estimated Monthly Cost:£930
Rent £345
Service Charge £119
Mortgage £466

Share percentage 40%, full price £270,000, £10,800 Min Deposit. Calculated using a representative rate of 3.09%


Catalyst Housing resales
View properties by this developer
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.