2 bedroom apartment for sale

Available

Coopers Lane, OX14 5GW

£187,500 · Shared Ownership Resale

Share percentage 75%, full price £250,000, £18,750 Min Deposit.

Available
2 bedrooms
1 Bathroom
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£187,500 Shared Ownership Resale · Eligibility Eligibility

Share percentage 75%, full price £250,000, £18,750 Min Deposit.

Monthly Cost: £1,234
Rent £175, Service charge £108, Mortgage £951*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Eligibility

This home is available to anyone that is affordable, minimum household income required £30,912 with a10% deposit - youmust beable to raise a mortgage. If you are affordable to buy more shares and have the deposit required by a mortgage lender to do this, you may only be able to proceed with the purchase subject to doing this.

Only applicants who are registered with London and Quadrant will be eligible to be offered the property for our schemes. If you are not registered please visit our website and register to obtain your unique reference number LQSO012345.

Summary

Allocated parking, Long lease term, Good EPC Rating

Description

Shared Ownership

Full Market Value: £250,000

Share Value (75%): £187,500

Monthly Rent: £174.86

Service Charge: £108.03

Council Tax Band: D

190 year lease commenced January 2002 - 168 years remaining

EWS1 - Please note that at the current time, external wall certification (EWS1) is not available for this property. Mortgage lenders may request this certificate before they will provide a formal mortgage offer. More information and frequently asked questions regarding this subject can be found on the LQ Group website by searching "EWS1"

L&Q welcomes you to view this two bedroom, first floor apartment.

Thisbright andairy two bedroom apartment consistsof abright living/dining area, flooded with natural light. The kitchen is fitted with white wall and base units, and a grey marble effect worktop. The kitchen also benefits from integrated appliances including a fridge freezer, oven, hob, extractor fan and dishwasher. Spacious main double bedroom benefitting from built-in storage cupboards. Bright and airy second double bedroom with built in wardrobes. The bathroom comes complete with a white three-piece suite with a shower over bath and a tile surround also benefiting from a heated towel rail. Additional double storage cupboards in hallway. One allocated parking space.

This property benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.

This property is close to all amenities with shopping and buses to Oxford, London, and trains stations within a three-minute walk. Radley train station is an easy cycle ride and a neighbour regularly cycles to work in Oxford.

The river Thames running through the town makes for picturesque walks and water sports including kayaking, rowing, sailing and river cruising to name but a few. The heated outdoor pool with a River view is just a five-minute walk from the house.

The buyer will require a deposit to obtain a mortgage for this property.

To meet the requirements for this property we require as a guideline, a minimum household income of £46,748. If you are offered the home, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.

Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website www.lqhomes.comand register to obtain your unique reference number.

Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.

These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of March 2024.

Key Features
  • Allocated parking
  • Long Lease
  • Good EPC Rating
  • Ample storage
  • Built in wardrobes in both bedrooms
Particulars

Tenure: Leasehold
Lease Length: 168 years
Council Tax Band: D

Property Downloads
Key Information Document Floor Plan Energy Certificate
Virtual Tour
https://nichecom.s3.eu-west-1.amazonaws.com/cat1000/2024/02/27/65dd9b13ce85b-1091070.mp4
Map
Radley (2.25 miles) Culham (2.33 miles) Appleford (2.72 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.

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  • 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.

£187,500
Shared Ownership Resale
Estimated Monthly Cost:£1,234
Rent £175
Service Charge £108
Mortgage £951

Share percentage 75%, full price £250,000, £18,750 Min Deposit. Calculated using a representative rate of 4.64%


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.