Piece Close, Marsh Gibbon, Bicester, OX27

EPC :- D (65)
Council Tax Band :- C
Council Tax Estimate:- £2,135
Lease hold 125 year lease from 2 March 2012
55% shared equity

This three bedroom semi-detached house is an ideal opportunity to get on to the property ladder. It is being sold under the shared ownership scheme whereby you purchase a 55% share in the property and pay a reduced rent on the remaining equity.

Accommodation comprises entrance hall, cloakroom/WC, kitchen/dining room, living room, three bedrooms and family bathroom. Outside there are front and rear gardens backing onto farmland, covered entrance and driveway parking for two cars.

The property is within a quarter of a mile of Marsh Gibbon Primary School and Cooper Secondary School is within 4 miles. Bicester North rail station is 3.82 miles away and Bicester Village 3.89 miles. The M40 Junction 9 is 6.5 miles. Local shopping facilities and bus stops are conveniently situated close by.

Entrance Hall

Cloakroom/WC 8ft 6in x 3ft 8in

Kitchen/Breakfast Room 12ft 8in x 8ft 7in

Living Room 15ft 10in x 10ft 0in

First Floor Landing Doors to:-

Bedroom 1 13ft 8in x 10ft 2in

Bedroom 2 10ft 1in x 7ft 11in

Bedroom 3 9ft 3in x 7ft 6in

Bathroom 6ft 11in x 5ft 10in

Outside 
French doors lead into an enclosed rear garden laid to lawn. Storage shed and outside tap. There is also driveway parking for two cars.

Shared equity Info:-
Purchase Requirements:
Be a first time buyer or not currently be named on a mortgage
Demonstrate you meet the minimum income requirements
Demonstrate a deposit sufficient to obtain a mortgage for the property
Have a local connection to the area

Costs:
Full Market Price: £370,000   Minimum Share: 55%
Share Value: £203,500           Monthly Rent: £432.69
Service Charge pcm (including buildings insurance): £47.76
Total Monthly Charge: £480.45          Next rental increase: April 2026

What is shared ownership?
Shared ownership is a scheme designed to help those who wouldn't otherwise be able to purchase a home of their own. This may be because you can't meet the full mortgage repayments, save a sufficient deposit, or both. With shared ownership, you buy a percentage of your home and pay a reduced rent on the share you don't own

This property has restricted staircasing to ensure the property remains affordable for future generations of local people.

How does shared ownership work?
You will buy a percentage share of a home, independently priced at market value. Hastoe will charge you rent on the share you don’t own plus a service charge. This service charge covers things like buildings insurance and estate maintenance.

Disclaimer

Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate.

Money Laundering Regulations

Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £82.50 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.