2 bedroom apartment for sale
Reliance Way, Oxford, OX4 2FW
Share percentage 40%, full price £280,000, £5,600 Min Deposit.
Share percentage 40%, full price £280,000, £5,600 Min Deposit
Monthly Cost: £1,448
Rent £704,
Service charge £136,
Mortgage £608*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Oxford, Oxfordshire
Description
This home has been created by Home Group, a registered housing provider in the UK. SO Resi is acting on behalf of Home Group to bring this property to the market.
Bright and spacious two-bedroom flat now available in Oxford, through Shared Ownership.
The property comprises an entrance hall, living room, separate kitchen, two bedrooms and one bathroom.
The property is on the top floor, offering residents an allocated parking spot.
This property is advertised at an extended lease length as the seller has confirmed their intention to extend the lease alongside the sale. Your conveyancer may charge a fee to review the extension deed.There will be charges payable to the landlord upon completion. Please enquire for further information.
Available for £112,000 for 40% share based on the marketing figure of £280,000.
Monthly rent - £703.83
Monthly Service Charge - £136.31
Total Monthly Charge - £840.14 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationThe property offers access to local amenities within a 10–15 minute walk. You'll find several local supermarkets, as well as local gyms and fitness centres.
Florence Park and South Park are nearby green spaces ideal for outdoor activities, both reachable in under 10 minutes. Healthcare is well-covered with Donnington Medical Partnership just 0.5 miles away and Warneford Hospital within a 15-minute drive.
Transport links are convenient, with regular bus services from nearby Cowley Road and Oxford Rail Station approximately 20 minutes away by bus or car. Direct trains to London Paddington take around 55–60 minutes from Oxford Station, making it a practical location for commuters.
The area is also well-served by cycle paths and local shops, cafes, and schools, creating a well-rounded and accessible community.
EPC ratingEnergy rating band - E
Environmental rating band - C
Lease informationYears remaining on lease: 170
In certain cases, 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.
Other informationThis property is offered under Shared Ownership and is allocated on a first-come, first-served basis, subject to applicants meeting all eligibility and affordability criteria. However, in some cases, local authority planning agreements (Section 106) may apply, which could give priority to applicants who meet specific local connection requirements. A full allocation policy is available on your provider’s website or by contacting us directly. We encourage potential buyers to get in touch with any questions about the scheme or application process.
Key Features
- Two-bedroom flat
- Allocated parking
- Top floor
- Local amenities nearby
- Available for 40% share
- 5% minimum deposit only
Particulars
Tenure: Leasehold
Lease Length: 170 years
Council Tax Band: Not specified
Property Downloads
Key Information DocumentMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 £280,000, £5,600 Min Deposit. Calculated using a representative rate of 4.78%