Shared Ownership in Farringdon, Oxfordshire

39 Walter Dyer Drive, Farringdon

Stonewater Homes are marketing this well-kept shared ownership property on behalf of the vendor. This is a 2-bedroom terraced house that consists of an entrance hallway, downstairs cloakroom, a well-appointed kitchen, living room, 2 good-sized bedrooms and family bathroom. It is carpeted throughout.

To the exterior of the property, you will find an enclosed remodelled rear garden with decking, and 2 allocated parking spaces.

There is a 40% share available for £116,000, with the ability to purchase additional shares of up to 100%. Service charges and rent at the property amount to £378.16 per month. EPC rating is currently ‘B’, with gas central heating and high performance glazing.

The property is tucked neatly in a cul-de-sac of four properties, with no passing vehicles or footpaths.

Buyers will have to be able to demonstrate a local connection to the District, through either residence or employment.

Viewings

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: Jane Kelly

Seller Contact Details: [email protected] 07973 618220

As a shared ownership home, you will need to be eligible for Shared Ownership and be registered with Help to Buy. For further information on registering with Help to Buy, please visit https://www.helptobuy.gov.uk/shared-ownership/ and follow the link to your local agent. Please take note of the minimum income, (£37,754) and minimum deposit (£8,300) for this property.

Buyers will have to be able to demonstrate a local connection to the District, through either residence or employment.

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.

Eligibility

• You are eligible if you have a household income that is less than £80,000 per year (in London it is less than £90,000).
• You don’t have to get a massive deposit because you will only need a mortgage for the share you are buying.
• The share of a property typically starts at 25% which you can take out a mortgage for, although the amount of share available to buy will be dependent on the housing provider.
• In addition you be required to pay a reduced rent as well as a mortgage.

Property listed on MovingSoon.co.uk by Stonewater Homes Resales.

Please make sure you include a contact number and email address as well as quoting Property ID (#102106) when submitting your enquiry.