The Meadows, Thame - Shared Ownership - South Oxfordshire District Local Connection Required
semi-detached house
3 bedrooms
Property description
Located just outside the town centre, Bellway Homes is building the Meadows at Hamden Gate, with two and three bedroom semi-detached houses available for shared ownership, whereby the owner buys part of the property and then pays 2.5% rent on the unowned share. These properties will require a Local Connection approval from the local authority, with a requirement for a buyer to live or work within the South Oxfordshire District for at least two years. The properties will be completed with kitchen appliances, bathroom fittings, flooring, and carpeting; all ready for the new owner to move into and enjoy. The asking price shows the cost for a 25% share purchase, however buyers can increase the share by 'staircasing' to higher amounts. Call Keegan White today to register your interest and discuss any queries.
THE PROPERTY This home is due for build completion early 2026, subject to the developer's progress and will be prepared for immediate occupancy. The front door opens into the hallway that gives access to the ground floor accommodation and has the staircase to the first floor. The kitchen is situated at the front and has a range of storage units above and below the kitchen worktop, with stainless steel sink & drainer, electric oven, ceramic hob, extractor fan, washer/dryer, dishwasher and integral fridge/freezer. The living room is of a good size and has patio doors to the garden. The first floor has three bedrooms, two of which are double bedrooms. The family bathroom suite that comprises of a panel bath with overhead shower, hand basin, WC, heated towel rail and extractor fan. Externally, there is allocated parking for two vehicles, and side access to the back garden. The property's heating has a low carbon impact with air source heat pump to radiators. Overall Square footage is 1010 sqft / 93 sqm.
THE LOCATION Thame is a historic market town in South Oxfordshire, with excellent commuter links to Oxford and London. To the north of the town runs the River Thames, with miles of open countryside walks. The town has a wide range of retail, leisure, hospitality and entertainment facilities. For families with children there are both senior and junior schools which are well regarded.
Shared ownership options 25% share purchase price £116,250 - 2.5% rent on the unowned share = £727 pcm 50% share purchase price £232,500 - 2.5% rent on the unowned share = £484 pcm 75% share purchase price £348,750 - 2.5% rent on the unowned share = £242 pcm
There are onsite service charges for the roads, drainage, communal gardens and insurance, which is currently £110 pcm - To be verified by solicitor.
Tenure: Leasehold Lease Years Remaining: 990 Ground Rent: £0.00 per year Ground Rent Review Period: 0 years Ground Rent Increase: 0% Service Charge: £1320.00 per year Shared Ownership (%): 25% Shared Ownership (Rent): £2.50 per month
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
The Meadows, Thame - Shared Ownership - South Oxfordshire District Local Connection Required - Streetview
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