1 bedroom house for sale
37 MacDonald Lane, OX29 7BW
Share percentage 50%, full price £220,000, £11,000 Min Deposit.
Share percentage 50%, full price £220,000, £11,000 Min Deposit.
Monthly Cost: £861
Rent £264,
Service charge £39,
Mortgage £558*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Light & bright one bedroom maisonette is now available as Shared Ownership or Full Market sale.
Description
Light & bright one bedroom maisonette is now available as Shared Ownership or Full Market sale.
This well presented home has been maintained to a high standard by the current owner. The property is conveniently in a popular residential suburb in the area of Witney, Oxfordshire.
One-bedroom maisonette built in 2019.
The accommodation includes a modern fitted kitchen with integrated oven/hob, space for a washing machine & fridge/freezer. A very well kept, good sized garden with shed. The open plan living room area is spacious, and lead through to the kitchen. The bedroom is well sized and has plenty of room for furniture & storage. A good size modern family bathroom with white bathroom suite. Outside to the front of the property has 2 allocated parking spaces.
All usual amenities are close by the location.
Don't miss the opportunity to make this inviting 1-bedroom maisonette your new home. Available as Shared Ownership or Out-Right sale. Contact us today to arrange a viewing and secure your place in this wonderful Witney, Oxfordshire.
AFFORDIBILITY
Full Market Value: £220,000
50% Share Price: £110,000
Monthly Rent based on the remaining share £264.19
Monthly Service Charge: £39.39
Shared Ownership Lease term: 125 years from 2019
EPC Rating: B
Council Tax Band: B
ELIGIBILITY
You must be at least 18 years old.
Outside of London your annual household income must be less than £80,000.
You cannot own another home. Shared Ownership purchasers are often first-time buyers but if you do already own another property (either in the UK or abroad), you must be in the process of selling it.
You should not be able to afford to buy a home suitable for your housing needs on the open market.
You must show you are not in mortgage or rent arrears.
You must be able to demonstrate that you have a good credit history.
Particulars
Tenure: Leasehold
Lease Length: 120 years
Council Tax Band: B
Map
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 50%, full price £220,000, £11,000 Min Deposit. Calculated using a representative rate of 4.64%
