Stanmore Crescent, Carterton, Oxfordshire

Shared Ownership

This superb modern home is available to buy from as little as £140,000 with a 40% share!

Situated in a popular residential location, this spacious and well-presented three-bedroom home offers approximately 1,013 sq ft of thoughtfully arranged accommodation across two floors. With generous living spaces, a practical layout and a private driveway providing parking for two cars, the property is ideally suited to families, professionals and those looking for a comfortable home.

The ground floor comprises a bright and spacious lounge with French doors opening to the outside, allowing plenty of natural light to fill the room. A separate kitchen/diner provides an excellent space for everyday family living and entertaining, with ample room for dining. A convenient downstairs WC and useful entrance hallway complete the ground floor accommodation.

Upstairs, the property offers three well-proportioned bedrooms, including a generous main bedroom benefiting from its own en-suite shower room. The remaining bedrooms provide flexibility for family use, guests or a home office, while a separate family bathroom and additional storage cupboard add to the practicality of the home.

Further benefits include a private driveway with space for two cars and a convenient location within Carterton, offering access to local shops, schools, amenities and transport connections. Combining spacious accommodation with a versatile layout, this property presents an excellent opportunity for buyers seeking a well-appointed family home.

PRICING & AFFORDABILITY

Full Market Value: £350,000

40% Share Price: £140,000 (rent £504.22pcm)
Minimum 5% Mortgage Deposit (40% share): £7,000
Approximate Service Charges: £59.36pcm*
Lease: 117 years

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:

• You must live, work or have a close family connection in area to by this home.
• 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.