2 bedroom apartment for sale

Available

Armstrong Road, Littlemore, OX4 4XT

£87,500 · Shared Ownership New Build

Share percentage 25%, full price £350,000, £4,375 Min Deposit.

Available
2 bedrooms
2 Bathrooms
Private Balcony/Terrace
Pets allowed
Parking
Reserve this January and get £500 towards your legal fees!*
Floor plan
floor-plan
Floor plan
floor-plan
£87,500 Shared Ownership New Build · Eligibility Eligibility

Share percentage 25%, full price £350,000, £4,375 Min Deposit.

Monthly Cost: £1,200
Rent £602, Service charge £148, Mortgage £450*

Calculated using a representative rate of 4.24%

Calculate estimated monthly costs

£
Eligibility

You may be eligible for this property if:

  • You have a gross household income of no more than £80,000 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.
Summary

Offering an open plan kitchen/living/dining room opening up onto a private balcony. Comes with 2 double bedrooms, with an ensuite to Bed 1. Reserve this January and get £500 towards your legal fees!*

Description

Book your virtual or face-to-face appointment today

Reserve this January and get £500 towards your legal fees!*

Find out all you need to know about this unique development in leafy Littlemore, with exclusive invites for 1-2-1 appointments where you can have your pick of the plots.

Plot 130 - The Cedar

Shared Ownership Cost Breakdown - 25% Share
* Full market value = £350,000
* Example 25% share price = £87,500
* Rent = £601.56pcm (charged at 2.75% of the unsold equity)
* Estimated service charge = £148pcm

Shared Ownership Cost Breakdown - 40% Share
* Full market value = £350,000
* Example 40% share price = £140,000
* Rent = £481.25pcm (charged at 2.75% of the unsold equity)
* Estimated service charge = £148pcm

Shared Ownership Cost Breakdown - 75% Share
*Full market value = £350,000
* 75% share price = £262,500
* Rent = £200.52pcm (charged at 2.75% of the unsold equity)
* Estimated service charge = £148pcm

How does Shared Ownership work?

Shared Ownership is a Government-backed scheme for first-time buyers who are unable to afford a suitable home at the full market price.

You initially purchase between 25-75% of the home's market value. You then pay subsidised rent on the remainder calculated at 2.75% per annum.

Am I eligible?

To be considered eligible for the Shared Ownership scheme your yearly income must be below £80,000. For London the limit is £90,000.

Those who already own a home are not eligible for the scheme. You would need to sell your current home to be considered

Will I need to pay a deposit?

In terms of a deposit you will need 5% of the percentage of the home you're purchasing.


Newman Place

Just south of a city whose evocative skyline, cobbled streets and college quads are known across the globe, Littlemore Village has its own distinctive character and strong sense of community, superbly placed for everything from one of the UK's most innovative science and technology parks to Oxford's vibrant city culture, to offer modern living for today.

With two of the region's major routes the M40 and A34 nearby Littlemore offers excellent road connections to major centres across the region, while Littlemore also sits between the Cotswolds and the Chiltern Hills Areas of Outstanding Natural Beauty.

Each home at Newman Place brings all the eco efficiency of a brand-new home as well as a layout where light and space flows. From exquisite finish and detail of the kitchen equipped with A-rated appliances to the design statement of the wide-plank flooring, your home has been thought-out to the last detail.

Financials
Length of lease: 125 years
Annual service charge: £1740
Service charge review period: Yearly
Council tax band: (B £1757.65, C £2008.74)

As a shared owner, you’ll pay rent for the percentage of the property that you don’t yet own. Every year, we calculate your new rent and will write to you to confirm what your new rent will be. Depending on your new home, you’ll also pay a service charge. This covers a proportion of the cost for the services, management and maintenance of the your building and development where you live. Your lease will detail what’s down to you in terms of repairing and maintaining your home. To find out more visit https://www.chg.org.uk/your-home/shared-ownership/living-in-your-shared-home/ and speak to our sales team.

Show home indicative only*

Key Features
  • Fully integrated kitchen appliances including fridge freezer, hob, cooker hood and dishwasher
  • Symphony Inline range kitchen units
  • Fully-fitted carpet to bedrooms and Amtico flooring to the rest of the apartment
  • Contemporary white bathroom suite and glass shower
  • M40 and A34 nearby
  • Oxford railway station is four miles away*
  • Sits between the Cotswolds and the Chiltern Hills Areas of Outstanding Natural Beauty
Particulars

Tenure: Leasehold
Council Tax Band: New build - Council tax band to be determined

Property Downloads
Floor Plan
Map
Oxford (0.70 miles) Oxford Parkway (3.55 miles) Radley (4.79 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.

Read More Read Less
  • 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 and repairs for communal areas within your development.
  • Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.

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

£87,500
Shared Ownership New Build
Estimated Monthly Cost:£1,200
Rent £602
Service Charge £148
Mortgage £450

Share percentage 25%, full price £350,000, £4,375 Min Deposit. Calculated using a representative rate of 4.24%


Development banner
Development
Newman Place
View development
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.