2 bedroom house for sale
Hobby Road, Bodicote, OX15 4GH
Share percentage 65%, full price £275,000, £8,938 Min Deposit.
Share percentage 65%, full price £275,000, £8,938 Min Deposit
Monthly Cost: £1,277
Rent £261,
Service charge £20,
Mortgage £996*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £80,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
Summary
Available Now! *2-bedroom mid-terrace house *65% share *Bodicote, Banbury *Available to purchase through shared ownership
Description
This 2-bedroom mid terrace house is situated in Bodicote, Banbury and is available to purchase through the Shared Ownership scheme.
Full Market Value: £275,000
Share Available: 65%
Monthly Rent: £260.92
Monthly Service Charge: £20.20
Remaining Lease Term: 89 years
About the Property
The home is comprised of:
Entrance hall with stairs to first floor
Open plan living room/kitchen/diner
WC
Utility
Bedroom 1
Bedroom 2
Bathroom
About the Area
Bodicote is a village and civil parish about 2 miles (3 km) south of the centre of Banbury in Oxfordshire. The 2011 Census recorded the parish's population as 2,126.
Bodicote is a village and civil parish about 2 miles south of the centre of Banbury in Oxfordshire. The 2011 Census recorded the parish's population as 2,126. Amenities in the immediate local area include a couple of schools, a nursery, a community centre, a few restaurants, and bus services.
Banbury is a historic market town on the River Cherwell in Oxfordshire, England. It had a population of 46,853 at the 2011 census.
Banbury is a significant commercial and retail centre for the surrounding area of north Oxfordshire and southern parts of Warwickshire and Northamptonshire which are predominantly rural. Banbury benefits from a shopping centre, several parks and outdoor green spaces, pubs, restaurants, supermarkets, a health centre, and a hospital.
Banbury is 64 miles northwest of London, 37 miles southeast of Birmingham. Banbury has Stagecoach in Oxfordshire bus services both within the town and linking it with Brackley, Chipping Norton, Oxford and places further afield including Daventry, Leamington Spa and Stratford-upon-Avon.Banbury station is served by Chiltern Railways services to Warwick and Birmingham, both running to London Marylebone via the Chiltern Main Line. Services are also provided by Great Western Railway to Oxford, Reading and London Paddington.
Shared Ownership, how does it work?
If buying a home seems out of reach, Shared Ownership* could be the answer and offers a great alternative to renting. This property has a share available to purchase, and you will pay a subsidised rent on the remaining share, as displayed above. In the future you can purchase further shares in your home** or sell your share and move on.
*Properties are offered as leasehold.
**Some properties are restricted to the level of share you can purchase.
Disclaimer
The information provided by Domovo, the sales and marketing brand for bpha, is prepared as a general guide only and should not be relied upon as a basis to enter into a legal contract or to commit expenditure. All measurements are approximate. Floorplans are for illustration purposes only. Photographs/CGIs provided are for guidance only and may not reflect items included in the property sale. Any interested party is advised to check the measurements and to consult their own surveyor, solicitor and/or other professionals before committing themselves to any expenditure or other legal commitments.
Please note: Your home may be repossessed if you do not keep up repayments on your mortgage.
Key Features
- 65% Share Available
- 2 Bedrooms
- Allocated parking
- Excellent Location
- 2.3 miles to Banbury centre
- 2.4 miles to Banbury train station with links to London
- Great Local Amenities
- Gas Central Heating
Particulars
Tenure: Leasehold
Lease Length: 89 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual Tour
Map
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 65%, full price £275,000, £8,938 Min Deposit. Calculated using a representative rate of 5.03%