Please note, the majority of our shared ownership homes undergo a rent review in April 2024. The review will depend on the shared ownership lease, but the majority will see a 9.4% uplift to the rent. We will confirm the exact changes to the rent for this property as part of the sales process.
£75,800 for a 40% share
Open Market Value: £189,500
From £318 per calendar month
Service Charge: £63.94
Shared Ownership Resale
Available on shared ownership 1
39 Hardwick Hill, Banbury
Stonewater are marketing this lovely property on behalf of the vendor. The property is a ground floor two bedroom flat with its own entrance to the property. The property is accessible friendly with a ramp at the entrance and a wide hallway. The property has two large double bedrooms with a large open plan kitchen and living area.
Externally you will find an allocated parking space. The property also has access to a secure communal bike shed fitted with a number of bike racks, as well as communal bin stores.
Local primary school is just around the corner. The property is also local to shops and amenities. Playing field and park opposite and plenty of nice walks around the area. 10- minute walk to the canal and a 20-minute walk to the town centre. There is also a bus stop very close to the property to take you to the town centre or to the retail park
There is currently a 40% share available with the ability to purchase additional shares. The rent and service charge at the property amount to £381.58. 118 years remain on the lease.
Key Points :
Council Tax B
Gas Central Heating
EPC -
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Thank you for your recent interest in the above property. The seller is currently accepting viewings and if you would like to arrange a viewing, please contact the seller on the details below.
Seller Name: Jade Cowie
Seller Contact Details: jade.cowie@outlook.com or Tel : 07896029474
As a shared ownership home, you will need to be eligible for Shared Ownership.
As a reminder, to be eligible for shared ownership you will need to evidence:
• your household income is £80,000 a year or less (£90,000 a year or less in London)
• you cannot afford all of the deposit and mortgage payments for a home that meets your needs
One of the following must also be true:
• you’re a first-time buyer
• you used to own a home but cannot afford to buy one now
• you’re forming a new household - for example, after a relationship breakdown
• you’re an existing shared owner, and you want to move
• you own a home and want to move but cannot afford a new home that meets your needs
Please take note of the minimum income, (£29,516) and minimum deposit £3790 plus £2500 moving and legal fees for this property.
If you make a successful offer to the seller after your viewing, they will let us know and we will then be able to refer you for a financial assessment with an Independent Financial Advisor. This is compulsory for all Shared Ownership purchases and does not interfere with any mortgage arrangements you have already made. They will complete an assessment but you are not obliged to use them afterwards to arrange your mortgage, but can if you wish.
Please let us know if you need any further information and good luck with your viewing.
Interested in buying a shared ownership home? Follow our simple three step guide Find out more about shared ownership
What is shared ownership? Your questions answered Find out about shared ownership
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