Two bedroom mid-terrace house for sale on Taylor Wimpey's Longford Park development in Banbury with shared ownership options.
Plot 103, is a two bedroom home, available with shared ownership, on the Bridleways development built by Taylor Wimpey.
Two bedroom home available through shared ownership from 25%- 75% share.
About the home:
The homes benefit from a lounge/diner with downstairs cloakroom and spacious kitchen. Upstairs you will find two double bedrooms and one bathroom.
Information about the area:
Banbury is a vibrant market town amidst the scenic villages of Oxfordshire. Itâ€™s always been a desirable place to live, but for many it was simply too far from the capital. Fortunately, thatâ€™s now changed with the development of a high-speed rail link to London Marylebone. Improved access to the nearby M40 provides further advantages for the working professional, as does the presence of nearby business such as Jaguar Land Rover, Jacobs Douwe Egberts and Kraft.
In the town centre, historic sights blend with contemporary attractions and local businesses. It gives a sense of village community, while offering all the convenience of urban living. Castle Quay Shopping Centre boasts a selection of 70 shops and also houses the townâ€™s museum. Developed with Banburyâ€™s heritage in mind, this complex preserves the quaint character of the area, with cobbled streets and a weekly market at its centre.
Pricing and Affordability:
The share options below are based on the full market value of £ 285,000
25% share- £71,250- monthly rent- £490
40% share- £114,000- Monthly rent- £392
50% share- £142,500- monthly rent-£327
60% share- £171,000- monthly rent- £261
75% Share- £213,750- monthly rent- £163
Plus you will pay a service charge of approximately £451.85 per annum.
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 youâ€™d expect to pay if you bought a similar property outright.
At Bridleways, you can buy a minimum 75% share of your home (the maximum you can buy initially is 75%). When youâ€™re ready, you can buy more shares until you staircase to owning 100% of your home.
Chancellors are selling the homes on Longford Park development on behalf of Sage Housing. Sage Housing is a Registered Provider committed to providing high quality affordable homes across England.