Flat for sale in Ock Street, Abingdon, Oxfordshire OX14

This two bedroom older persons apartment is situated in Abingdon, Oxfordshire, and is available to purchase through the Shared Ownership scheme.

Full Market Value: £290,000

Share Available: 75%

Monthly Rent: £479.94

Monthly Service Charge: £108.33

Remaining Lease Term: 118 years

About the Property

This two bedroom apartment boats a number of key features such as an entrance hall, a spacious lounge area with adjoining fitted kitchen, two bedrooms and an ensuite shower/wet room.

Mayott House features an on-site hair salon, scooter store, communal garden, sun lounge and laundry room*.

Located in thriving Abingdon, Mayott House accommodates 40 spacious one and two bedroom apartments and offers Extra Care on site provided by The Orders of St John Care Trust.

*Some facilities have an applicable fee.

About the Area

Abingdon is a historic market town and civil parish in the ceremonial county of Oxfordshire, England, on the River Thames. Abingdon is 9 miles south of Oxford, and 22 miles north of Newbury, in the flat valley of the Thames on its west (right) bank, where the small river Ock flows in from the Vale of White Horse.

Local amenities include a Tesco supermarket, restaurants, pubs, a theatre, parks and open spaces like Abbey Gardens and Abbey Meadows.

Local bus services to Oxford and the surrounding areas are run by the Oxford Bus Company, its sister company Thames Travel, and smaller independent companies.

Shared Ownership for the over 55's - How does it work?

Whether you are retired, planning for your future or downsizing, where you live and quality of life is important. Oxlip House provides you with the privacy of your own apartment but with the sense of community.

You buy a share in your home (50% or 75%) with the remaining share owned by bpha. There is no rent to pay on a 75% purchase. This property has a 75% share available to purchase.

In the future, you can simply sell your share for its value at the time of sale (current market valuation required).

To qualify for the property, applicants will be required to have a sale agreed on their current property (if applicable) and have to be approved by Help to Buy East and South East, pass the necessary checks, and be over the age of 55.

The association will carry out an affordability assessment on any interested applicants and this will also be subject to care assessment.

Please note, applicants individual care needs will be assessed once an application has been made, however any potential purchaser will be required to pay for tailored care, with the amount confirmed by the care provider, in addition to the charges stated above.