House For Sale £81,250
St. Gabriel's, Wantage, Oxfordshire

SHARED OWNERSHIP

This property is available to buy for as little as £81,250 for a 25% share.

Offered to the market stands this three storey, four bedroom terraced house in St. Gabriel’s, Wantage.

This property benefits from a good size entrance hall with storage space and ground floor W/C, open plan kitchen/dining room and ground floor bedrooms 4.

The first floor comprises of a good size living room, family bathroom and third bedroom. The top floor offers two double bedrooms and ample storage space.

This house further benefits from a private rear enclosed garden, allocated parking, and is within close proximity to local schools and amenities.

PRICING AND AFFORDABILITY

Full market value: £325,000
Rent (25% share): £725.47 pcm
Service charge: £63.15 pcm
Lease: Approx. 85 years remaining

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000/£90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change.

* This home can also be purchased outright (100% of the value) which is £325,000 and a purchaser would not need to meet the eligibility criteria listed above.