Shared Ownership in Faringdon, Oxfordshire 2 bedroom Semi-Detached House

  • £305,000

    Equity share: 59% / £179,950

United Kingdom, England, Oxfordshire, SN7 7NH, Faringdon, Faringdon
For Sale Shared Ownership

Shared Ownership in Faringdon, Oxfordshire 2 bedroom Semi-Detached House

United Kingdom, England, Oxfordshire, SN7 7NH, Faringdon, Faringdon
  • £305,000

    Equity share: 59% / £179,950

Property Overview

  • Semi-Detached House
  • Property Type
  • 2
  • Bedrooms
  • 1
  • Bathroom

Property Description

38 Walter Dyer Drive, Faringdon

Stonewater are marketing this lovely well maintained property on behalf of the vendor. This property is a two bedroom semi detached house located in the quiet area of Farington. The property consists of a kitchen, reception room, WC, two double spacious bedrooms and bathroom. Externally you will find a private enclosed rear garden and parking on the drive way you also have additional storage for bikes or any other items you wish to keep outside and sheltered . The property is well maintained and has been kept beautifully.

The property is located within a quiet residential street close to local shops and easy access to the A420 Road.

There is currently a 40% share available with the option to purchase additional shared. The monthly rent and service charge at the property amount to £275.72 There are also 120 years remaining on the lease.

Key points on the property :

Gas Heating

Council tax – C

EPC Rating – B

Broadband available – Fibre Broadband

 

Viewings

Thank you for your recent interest in the above property. The seller is currently accepting viewings and if you would like to arrange a viewing, please contact the seller on the details below.

Seller Name: Radoslav

Seller Contact Details: TEL :07749372845 and Emial : Radoslav.jacecko@gmail.com

As a shared ownership home, you will need to be eligible for Shared Ownership.

As a reminder, to be eligible for shared ownership you will need to evidence:

• your household income is £80,000 a year or less (£90,000 a year or less in London)
• you cannot afford all of the deposit and mortgage payments for a home that meets your needs
One of the following must also be true:
• you’re a first-time buyer
• you used to own a home but cannot afford to buy one now
• you’re forming a new household – for example, after a relationship breakdown
• you’re an existing shared owner, and you want to move
• you own a home and want to move but cannot afford a new home that meets your needs

Please take note of the minimum income, £47,997 and minimum deposit £9,150 for this property.

If you make a successful offer to the seller after your viewing, they will let us know and we will then be able to refer you for a financial assessment with an Independent Financial Advisor. This is compulsory for all Shared Ownership purchases and does not interfere with any mortgage arrangements you have already made. They will complete an assessment but you are not obliged to use them afterwards to arrange your mortgage, but can if you wish.

Please note, the majority of our shared ownership homes undergo a rent review in April 2024. The review will depend on the shared ownership lease, but the majority will see a 9.4% uplift to the rent. We will confirm the exact changes to the rent for this property as part of the sales process.

 

Property Address

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  • Address United Kingdom, England, Oxfordshire, SN7 7NH, Faringdon, Faringdon
  • City Faringdon
  • County Oxfordshire
  • Postal Code SN7 7NH

Details

Updated on January 30, 2024 at 8:48 pm
  • Property ID: MS-121973
  • Rental Amount Per Month: £251/Month
  • Bedrooms: 2
  • Bathroom: 1
  • Property Type: Semi-Detached House
  • Property Status: For Sale, Shared Ownership
  • Estimated Monthly Service Charge (£): 25
  • Value Of The Equity Share: 59% / £179,950
  • Overall Property Value: £305,000
  • Tenure: Leasehold
  • Council Tax Band: C

Contact Stonewater Homes Resales about: Shared Ownership in Faringdon, Oxfordshire 2 bedroom Semi-Detached House

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