St Mary's, Wantage, Oxfordshire OX12 8FF

£46,250 Shared Ownership

print details   Apply Here

  • Guideline Minimum Deposit £4,625
  • Guideline Income Dual £18.1k, Single £21.7k
  • Top (Second) Floor
  • Approx. 660 Sqft Gross Internal Area
  • Open-Plan Reception/Kitchen
  • Double Glazing and Gas Central Heating
  • Parking Space
  • Close to Town Centre

General Description

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

 

SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £185,000). A great chance to buy a shared ownership flat in the historic market town of Wantage. This development has been built with the energy-efficiency benefits that modern construction provides while incorporating some period-style features to better fit in with the local architecture. The property available is on the second (top) floor and has a 20'+ open-plan kitchen/living room with windows at either end. There is a large main bedroom with fitted wardrobe, slightly smaller second double and a spacious bathroom. The flat comes with a parking space and is only a few minutes walk from the shops and other amenities of the picturesque town centre.

 

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [HERE; http://bit.ly/2JFwhdJ]

(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.)

 

Tenure: Leasehold (informed approximately 89 years remaining)
Minimum Share Available: 25% (£46,250). The housing association will expect you to purchase the largest affordable share which may be more than the advertised minimum.
Shared Ownership Rent: £383.35 per month (based on 25% ownership). The rent is subject to annual review.
Service Charge: £74.56 per month. The service charge is subject to annual review.
Guideline Minimum Household Income: £18,100 assuming dual incomes and a 10% deposit of a 25% share. Equivalent single-income figure would be £21,650.
Council Tax: Band C, Vale of White Horse (£1669.21 for 2019-20). Priority may be given to applicants that currently live and/or work in the District of the Vale of White Horse.

The property is offered for sale on a sold-as-seen basis. Metropolitan Thames Valley (MTVHA) do not offer any warranties on the domestic appliances in the property or undertake to carry out any remedial work or redecoration work of a cosmetic nature. Pets not permitted (except assistance animals).

Dimensions

Reception
20' 9" x 10' 11" (6.32m x 3.33m)
Kitchen
included in reception measurement
Bedroom ( Bedroom 1 )
14' 10" max. x 9' 2" (4.52m x 2.79m)
Bedroom ( Bedroom 2 )
12' 4" max. x 7' 9" (3.76m x 2.36m)
Bathroom
Energy Effeciency Rating

Floorplans


Shared Ownership

WHAT IS SHARED OWNERSHIP ?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (GLA) in London and Homes England outside of London.

IS SHARED OWNERSHIP FOR YOU ?
The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
 Not own another property in the UK or any other country.
 Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
 Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
 Be in full time permanent employment.
 Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
 Have a good credit history.
If you are still unsure about Shared Ownership or would like more information view [ Facts and Frequently Asked Questions]

Location

Share this page