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3 bedroom house for sale

Available

Padley Close, Chipping Norton, OX7 5WB

£160,000 Shared Ownership Resale

Share percentage 40%, full price £400,000, £16,000 Min Deposit.

Available
3 bedrooms
2 Bathrooms
Private Garden
Pets allowed
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£160,000 Shared Ownership Resale

Share percentage 40%, full price £400,000

Monthly Cost: £1,402

Rent £578, Service charge £16, Mortgage £808*

Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

£
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Summary

A Fantastic Opportunity to Purchase a Three Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis

Description

A great chance to buy a three-bedroom, shared-ownership family home. The recently-constructed and smartly-presented property forms one end of a four-house terrace. The reception room leads through to a spacious kitchen/dining room. There is a separate utility area off to one side with access to a cloakroom/WC. Upstairs, on the first floor, are two generously-sized double bedrooms plus a smaller third bedroom and a naturally-lit bathroom with limestone-style tiles. Well insulated walls, roof and floor, high performance glazing and a modern gas central heating all contribute towards a very good energy-efficiency rating. The house comes with a south/south-east-facing rear garden, with patio, lawn and shed, and two forecourt parking spaces. Padley Close is just off Banbury Road and within comfortable walking distance, or brief cycle ride, of Chipping Norton's attractive town centre.

SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £400,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/ar5295tv]

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: Clarion.
Tenure: Leasehold (125 years from 25/03/2020).
Minimum Share: 40% (£160,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £578.11 per month (subject to annual review).
Service Charge: £15.62 per month (subject to annual review).
Guideline Minimum Income: Dual - £48,200 | Single - £55,300 (based on minimum share and 10% deposit).
Council Tax: Band D, West Oxfordshire District Council. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.

Key Features
  • Guideline Minimum Deposit £16,000
  • Guide Min Income Dual £48.2k | Single £55.2k
  • Two Storey, Three Bedroom, End of Terrace House
  • Approx. 886 Sqft Gross Internal Area
  • Bathroom plus Downstairs WC
  • Very Good Energy Efficiency Rating
  • South/South-East Facing Rear Garden
  • Two Parking Spaces
Particulars

Tenure: Leasehold
Council Tax Band: D

Property Downloads
Key Information Document Floor Plan Brochure
Kingham (5.17 miles) Charlbury (5.49 miles) Ascott-Under-Wychwood (5.71 miles)
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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.

Read More Read Less
  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.

NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.

£160,000
Shared Ownership Resale
Estimated Monthly Cost:£1,402
Rent £578
Service £16
Mortgage £808

Share percentage 40%, full price £400,000, £16,000 Min Deposit. Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

£
Disclaimer
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.