2 bedroom apartment for sale
The Oval, Oxford, OX4 4SE
Share percentage 37%, full price £275,000, £5,088 Min Deposit.
Share percentage 37%, full price £275,000, £5,088 Min Deposit.
Monthly Cost: £1,049
Rent £339,
Service charge £130,
Mortgage £580*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Oxford, Oxfordshire
Description
Modern, bright & spacious two-bedroom apartment now available in Oxford through Shared Ownership. The property comprises a wide living room with a private balcony, an open-plan fitted kitchen, two large bedrooms and an ensuite shower room. This could be ideal for a small family or first time buyers. The flat is on the third floor of a newly built construction (circa 2021); it has allocated parking at the rear and a communal garden area.
Key Information Document
Available for £101,750 for 37% share based on the marketing figure of £275,000.
Monthly rent - £338.73
Monthly Service Charge - £129.91
Total Monthly Charge - £468.64 plus mortgage required for 37% share.
An annual rent increase takes place every April
LocationThe property is located near Oxford's city centre, in a new development, with a bus stop outside the building and a short journey to the train station. Oxfordis a fantastic and vibrant city with several shops, pubs and restaurants. The property has plenty of local amenities nearby.
EPC ratingEnergy rating band - B
Environmental impact band - A
Gross internal floor area: 73.2 m²
Living room & kitchen: 7.47 x 3.81 m
Bedroom 1: 4.42 x 2.74 m
Bedroom 2: 3.51 x 3.30 m
Years remaining on lease: 987
The remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Key Features
- Second floor two bedroom flat
- Allocated parking at rear
- Private balcony
- Great travel links
- 5% deposit minimum
- Available for 37% share
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
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 37%, full price £275,000, £5,088 Min Deposit. Calculated using a representative rate of 5.26%
