2 bedroom house for sale
42 Ampthill Way, SN7 7LE
Share percentage 50%, full price £290,000, £7,250 Min Deposit.
Share percentage 50%, full price £290,000, £7,250 Min Deposit.
Monthly Cost: £1,206
Rent £398,
Mortgage £808*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
- Not own another property in the UK or any other country.
- Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
- Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
- Be in full time permanent employment.
- Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
- Have a good credit history.
Summary
2 Bedroom Mid-Terrace House in Faringdon now available under Shared Ownership
Description
This smartly-presented, mid-terrace property has a cloakroom just off the entrance hall with the rest of the ground floor devoted to a full-length kitchen/reception room with sleek, white units, integrated appliances, windows to front and rear and patio doors that open onto the garden.
On the first floor there is a spacious main bedroom with fitted wardrobe and stylish ensuite shower room. The second bedroom is also a comfortable double and the bathroom is attractive and naturally-lit. Well insulated walls, roof and floor, high performance glazing and a modern gas central heating system make for a very good energy-efficiency rating.
Faringdon town centre can be easily reached via brief bus or bike ride and Ofsted list two primary schools and a secondary within a mile radius, all rated 'Good'. The house comes with parking for two cars.
*Information is correct to the best of our knowledge, please speak to the estate agent for more information*
Key Features
- Guideline Minimum Deposit £14,500
- Guide Min Income - Dual £38.4k Single £44.6k
- Two Storey, Two Bedroom, Mid Terrace House
- Approx. 750 Sqft Gross Internal Area
- High Performance Glazing
- Bathroom, Shower Room and Cloakroom
- Rear Garden
- Two Parking Spaces
- Tenure: Leasehold (125 years from 28/02/2019).
- Share Available: 50% (£145,000).
- Shared Ownership Rent: £398.44 per month (subject to annual review).
- Building Insurance + Admin Fee: £36.15 per month (subject to annual review).
- Guideline Minimum Income: Dual £38,400 | Single £44,600 (based on minimum share and 10% deposit).
- Council Tax: Band C, Vale of White Horse District Council. Priority is given to applicants living and/or working in this local authority.
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: C
Property Downloads
Key Information Document Floor PlanMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 50%, full price £290,000, £7,250 Min Deposit. Calculated using a representative rate of 5.03%
