The Paddocks, Enstone, Chipping Norton

Shared Ownership

Available from £105,000 for a 50% share.

A two bedroom ground floor maisonette, situated in a quiet position within the village of Enstone. The accommodation includes a good size kitchen/dining room, separate living room, two bedrooms, bathroom, and hallway with storage cupboard. Outside, the property benefits from a large private garden offering excellent outdoor space, along with one allocated parking space.

Located in the popular village of Enstone, 10 The Paddocks offers easy access to local amenities including a village shop and pub, while being within reach of Chipping Norton, Woodstock and Oxford. The nearby market town of Chipping Norton provides a wide range of shops, cafes, supermarkets and schools. Rail services to Oxford and London are available from Charlbury and Kingham stations. Surrounded by beautiful Cotswold countryside, the area is well suited for walking, cycling and enjoying village life with convenient transport connections.

The property has an oil-fired central heating

PRICING & AFFORDABILITY

Approximate Size 57.5 sq m

Full Market Value: £215,000

50% Share Price: £105,000 (rent £240.63pcm)
60% Share Price: £126,000 (rent £192.50pcm)
75% Share Price: £157,500 (rent £120.31pcm)

Minimum 5% Mortgage Deposit (50% share): £4,725

Approximate Service Charges: £73.83 pcm*

Lease: this property will be given a new 125 year lease

ELIGIBILITY

*** Local Connection to West Oxfordshire District Council Required. There is a local connection clause related to this property and this means that applications can only be received from someone with connection to the local area, via work, family or currently living in the borough.***

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.

At The Paddocks you can buy a minimum 50% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

To be eligible for this shared ownership home you would need to meet the following criteria:

• Your 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.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change.