Hermitage Court, Cholsey, Wallingford

Shared Ownership

This superb home is available to buy from as little as £92,000 with a 40% share!

Offered to the market with no onward chain, this beautifully presented ground floor apartment offers spacious, contemporary living with the rare benefit of a large private garden and allocated parking. The heart of the home is an impressive open-plan kitchen, living and dining area with direct access to the generous private outdoor area. The property also features a spacious double bedroom with fitted storage, a modern bathroom and additional hallway storage.

Situated within the popular village of Cholsey, Hermitage Court enjoys a peaceful setting whilst remaining conveniently close to a range of everyday amenities. The village offers local shops, cafés, pubs and well-regarded schools, while the historic market town of Wallingford is just a short drive away, providing an excellent selection of independent boutiques, supermarkets, restaurants and riverside walks along the Thames. The area is well regarded for its attractive countryside and welcoming community.

For commuters, the property is positioned with Cholsey railway station nearby, offering direct services to Reading, Oxford and London Paddington via Didcot Parkway connections. Excellent road links via the A4074 and A34 provide easy access to Oxford, Reading and the wider motorway network.

PRICING & AFFORDABILITY

Full Market Value: £230,000

40% Share Price: £92,000 (rent £469.43pcm)
Minimum 5% Mortgage Deposit (40% share): £4,600
Approximate Service Charges: £119.58pcm*
Lease: 118 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.