Flat for sale in Orchard Meadows, Prescott Street, Banbury OX16

This 1 bedroom ground floor apartment is situated in Banbury, Oxfordshire, and is available to purchase through the Shared Ownership scheme.

75% Share Price: £65,000

Monthly Rent: £0.00

Monthly Service Charge: £495.14

Monthly Core Care Charge: £314.60

Remaining Lease Term: 113 years

About the Property

Orchard Meadows is located on the Bretch Hill estate in Banbury. This is an extra care scheme, and is open to anyone that is aged 55+ with a care need.

As you enter the apartment, you will be in the entrance hallway, which benefits from a built-in storage cupboard. Straight ahead is the bedroom, with ensuite bathroom/wet room which is also accessible from the hallway, featuring a level access shower with grab rail, a toilet, and a sink. The spacious living room is to the left which benefits from great natural light, and has a great sized kitchen adjoining. The kitchen features a washing machine, and an integrated oven at waist height, as well as separate electric hobs with an overhead extractor hood.

The building benefits from:
* Two lifts, servicing all floors
* Three assisted bathrooms
* A laundry room
* A scooter room
* Five communal lounges
* A dining hall
* Landscaped gardens

There is also an Order of St Johns Care Trust care team onsite.

About the Area
This property is located on Prescott Close in Banbury, nearby to Princess Diana Park, and Hastings Park. The local area benefits from amenities including a pharmacy, a church, Supermarkets including a Co-Operative and an Aldi, as well as a smaller Nisa corner shop, and a selection of local restaurants and take-aways nearby. There is a health centre approximately 1.5 miles from the property, and Horton General Hospital 2 miles from the property.

Banbury Bus station is just under 2 miles away, and there is a railway station just over 2 miles from the property.

Shared Ownership, how does it work?

If buying a home seems out of reach, Shared Ownership* could be the answer and offers a great alternative to renting. This property has a 75% share available to purchase, and there is no rent payable.
The association will carry out an affordability assessment on any interested applicants and this will also be subject to care assessment which will be carried out by the Order of St Johns Trust.

*Properties are offered as leasehold.

Please note: Your home may be repossessed if you do not keep up repayments on your mortgage.

All applicants will need to be approved by Help to Buy at their website.