3 bedroom house for sale
10 Hilgrove, OX49 5EF
Share percentage 40%, full price £420,000, £8,400 Min Deposit.
Share percentage 40%, full price £420,000, £8,400 Min Deposit.
Monthly Cost: £1,511
Rent £525,
Service charge £29,
Mortgage £957*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee. When you’re ready, in most cases you can buy more shares until you staircase to owning 100% of your home.
To be eligible for shared ownership you would need to meet the following criteria:
Your household income does not exceed £80,000
You have a deposit of at least 5% of the share value
You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
This will be your only residence.
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
DISCLAIMER
Service charges are estimated and may subject to change.
Computer generated images are intended for illustrative purposes only and may not represent the actual finish or fittings in the development. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. Purchasers should view the property to check for themselves the final appearance and style.
Summary
Three bedroom end of terrace property on the outskirts of Watlington, situated in a rural location.
Description
This end of terrace property is situated on the popular Red Kite development on the outskirts of the village of Watlington in South Oxfordshire. It comes with built in oven, hob and extractor, fitted carpets or vinyl throughout. There is gas central heating, two allocated car parking spaces and the property benefits from a 12 year NHBC guarantee.
Accommodation comprises of:
Entrance hall leading off to living room at the front of the property, with door to kitchen/dining room. Further door leading to downstairs cloakroom and rear garden.
Stairs to first floor landing with doors leading off to two double bedrooms, one single bedroom and family bathroom with storage cupboard.
Externally, there are two allocated parking spaces with pedestrian side access leading to rear garden with patio area.
Please note this property is still under construction and we are unable to conduct viewings at this time, therefore, we will be taking an off plan reservation only. We anticipate the property to be ready March 2024 but this date can move.
Key Features
- End of Terrace Property.
- Three Bedrooms.
- Oven, Hob and Extractor.
- Gas Central Heating.
- Carpet/Vinyl flooring.
- Two parking Spaces.
- 12 Year NHBC Guarantee
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: Not specified
Property Downloads
Key Information Document Floor PlanMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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.
Share percentage 40%, full price £420,000, £8,400 Min Deposit. Calculated using a representative rate of 5.26%
.jpg "Floor Plan")