3 bed terraced house for sale

Glebe Road, East Challow, Wantage OX12

Shared Ownership

This superb modern home is available to buy from as little as £175,000 with a 50% share!

Situated within the popular village of East Challow, this well presented mid terrace home offers bright and spacious accommodation arranged over two floors. The ground floor comprises a modern fitted kitchen, convenient cloakroom and a generous reception room. Upstairs, there are three well proportioned bedrooms and a contemporary family bathroom. Externally there is allocated parking for two cars and an enclosed rear garden.

East Challow is a thriving Oxfordshire village located on the edge of Wantage, offering a range of everyday amenities including a village shop, primary school, public house and community facilities. The nearby market town of Wantage provides a wider selection of supermarkets, independent shops, cafés, restaurants and leisure facilities, whilst the surrounding countryside offers plenty of opportunities for walking and outdoor recreation.

There are road connections via the A417, A338 and A34, providing access to Oxford, Newbury, Didcot and the M4 corridor. Didcot Parkway railway station is approximately 10 miles away and offers regular direct services to London Paddington in under 45 minutes. Local bus services also provide convenient links to Wantage, Oxford and surrounding towns.
Pricing & affordability


Full Market Value: £350,000

50% Share Price: £175,000 (rent £416.21pcm)
Minimum 5% Mortgage Deposit (50% share): £8,750
Approximate Service Charges: £56.20 pcm*
Lease: 121 years remaining
Eligibility


Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

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

• Your annual 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.
Local area connection


Buyer must have a local area connection in order to be eligible. This can be by way of living and/or working in the local borough of Vale of White Horse or having immediate family who are currently living. Proof will be required of a local area connection.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.