Watlington - Shared Ownership

Redrow Homes, a well regarded developer is building out this site in Watlington, with four 2 bedroom houses and three 3 bedroom houses available for shared ownership. In the first instance , applicants who have a local connection to South Oxfordshire Council will be prioritised, however this requirement lapses after two months from the start of advertising.

The shared ownership opportunity enables a purchaser to purchase a part share of the property, whilst paying 2.5% rent on the unowned share, see examples below. The properties will be completed with kitchen appliances, bathroom fittings, a mix of carpet and linoleum flooring, all ready for the new owner to move into and enjoy. The asking price shown is for a 25% share purchase, however buyers can increase the share by 'staircasing' to higher amounts. Please note that internal viewings are only available to qualified applicants. Call Keegan White today to register your interest and discuss any queries.

THE PROPERTY
The front door opens into an entrance lobby that has stairs rising to the first floor and an open archway leading into the kitchen. This is is equipped a range of base and eye levels storage units, work top, sink and drainer, fridge freezer, washing machine, oven, hob and extractor fan, and window to front aspect. Centrally positioned is the guest WC and to the rear is the living with patio doors that lead out to the garden. To the first floor, there are two bedrooms and the family bathroom that comprises of a white three piece suite including a panel bath with overhead shower, hand basin, WC and window to front aspect. Externally, there is off street parking to the front for two cars and a side gate that leads to the back garden that has a patio area, lawn, with fencing to borders. The property's heating has a low carbon impact with air source heat pump to radiators. Overall Square footage is 819 sqft/76 sqm.

THE LOCATION
Watlington is a historic market town in the Chiltern Hills and is located in between Oxford and High Wycombe. The town has a good mix of retail, leisure and hospitality venues, along with National Trust land with stunning panoramic views of the open countryside. There is a strong local community with a number of local groups and societies for local residents. For commuters, Junction 6 of the M40 is about 3 miles away and the nearest railway station is 8 miles away at Princes Risborough. Watlington has its own primary school and the nearest secondary school is in neighbouring Icknield.

Shared ownership options
25% share purchase price £90,000 - 2.5% rent on the unowned share = £563 pcm
50% share purchase price £180,000 - 2.5% rent on the unowned share = £375 pcm
75% share purchase price £270,000 - 2.5% rent on the unowned share = £188 pcm

There are onsite service charges for the roads, drainage, communal gardens and insurance, which is £476 per annum. The energy performance rating of B (83).