Russet Drive, Milton, Abingdon

Shared Ownership

This superb modern home is available to buy from as little as £217,000 with a 70% share!

Situated in a popular residential area of north Abingdon, this stylish modern terrace offers well planned accommodation and is presented in stunning condition throughout.

The ground floor features a bright and spacious reception room with ample space for both living and dining, finished in a contemporary style and perfect for relaxing or entertaining. The modern kitchen is thoughtfully laid out with generous worktop and storage space and a convenient ground floor cloakroom completes the downstairs layout.

Upstairs, the property offers two excellent double bedrooms, both well proportioned and tastefully decorated. The family bathroom is fitted with a modern suite. Throughout the home, the current owner has maintained the property to a high standard, resulting in a true “ready to move-in” home.

Outside, the property benefits from a private rear garden as well as allocated parking to the front.

Russet Drive is well positioned for everyday convenience, with a range of local shops, supermarkets, cafés and leisure facilities nearby in Abingdon town centre. The historic market town is known for its charming riverside setting along the River Thames, independent shops and traditional pubs. Families benefit from well regarded local schools and plenty of green spaces, parks and riverside walks. The wider area also offers easy access to Oxford, famous for its universities, culture and shopping.

The property is well located for commuters, with easy access to the A34 road (England) connecting to both the M4 and M40. Regular bus services link Abingdon with Oxford and surrounding towns. For rail travel, Didcot Parkway railway station is a short drive away and provides fast services to London Paddington, making this an excellent choice for those needing strong transport connections.

PRICING & AFFORDABILITY

Full Market Value: £310,000

70% Share Price: £217,000 (rent £241.93pcm)
Minimum 5% Mortgage Deposit (70% share): £10,850
Approximate Service Charges: £56.86pcm*
Lease: 119 years remaining

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £310,000 and a purchaser would not need to meet the eligibility criteria listed above.