Flat for sale in Walker Drive, Faringdon SN7

£56,000
Flat for sale - 1 bedroom 1 1 1
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Property features

  • Parking
  • Open plan lounge/kitchen/diner
  • Available immediately
  • Double bedroom
  • Top floor apartment
  • Close to local amenities

Property description

Shared Ownership

This modern home is available to buy from as little as £56,000 with a 40% share!

A lovely and spacious top floor apartment, situated within easy reach of local amenities and being offered for sale with no onward chain. The accommodation includes: Open plan lounge/kitchen/diner, a double bedroom, bathroom, storage, allocated parking and communal gardens.

The historic market town of Faringdon, which dates back to the 12th Century, is located almost equidistant of Swindon and Oxford on the A420 which leads to the A34, M40 and M4. Mainline railway services to London run from Swindon, Oxford City, Oxford Parkway and Didcot Parkway. The town is served by the Stagecoach S6 bus which runs a regular ½ hourly service through much of the day to Swindon and Oxford and the villages en route.

The town itself has a thriving community and amenities such as the leisure centre, library, independent traders, doctors’ surgery, two primary schools, and a secondary school. A recent retail development includes a Waitrose and an Aldi supermarket, with further retail planned, in addition to the existing Tesco store.

Pricing & affordability

Approximate Size 45 sq m

Full Market Value: £140,000

40% Share Price: £56,000 (rent £192.50pcm)
50% Share Price: £70,000 (rent £160.42pcm)
75% Share Price: £105,000 (rent £80.21pcm)

Minimum 5% Mortgage Deposit (40% share): £2,800

Approximate Service Charges: £68.97 pcm*

Lease term: The apartment will be sold with a renewed 125 year lease.


Eligibility


The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.

At Walker Drive you can buy a minimum 40% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

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

• Your annual household income does not exceed £80,000
• 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.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change.

** These photos are for information purposes only have been digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images. Furniture is not included in the purchase price and the property is ‘sold as seen’.

Property info

Floorplan(s): Floorplan

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For more information about this property, please contact
Romans - Shared Ownership, RG40 on +44 1344 933843 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Romans - Shared Ownership, and do not constitute property particulars. Please contact Romans - Shared Ownership for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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