SHARED OWNERSHIP - a fantastic way to get on the property ladder!
A spacious modern two bedroom house, located in the popular town of Faringdon. The property is arranged over two floors and is close to the town centre and local amenities.
The accommodation comprises an entrance hall with a cloakroom. The open plan living/kitchen area has an under-stairs cupboard and French doors to the rear courtyard garden. The kitchen part is fitted with a range of wall and base units, spaces for appliances and a window to front.
On the first floor, leading off the landing, there are two very good-sized bedrooms. A family bathroom completes this floor.
Outside, the property has an enclosed small rear garden with gated access to the rear allowing access to the parking space.
No rent is payable for the remaining 20% share but there is ground rent of £136, an inspection charge of £30 and a service charge for buildings insurance of £163.10 (total charges currently £329.10 per annum).
The buyer will need to be a qualifying person and will have to meet certain criteria relating to connections to the district and their financial circumstances (see further details below).
QUALIFYING REQUIREMENTS Definition of a qualifying person:
"A person who is employed or who has the offer of employment in a business or essential service necessary for the continued economic growth and to sustain the quality of life in the District being for example (it being expressly agreed and declared that the definition of essential workers is not intended to be exhaustive) police and fire officers, nurses and teachers and other such designations of employment as are reasonably determined by the Housing Provider and the Council being persons by reason of their limited income and/or resources who cannot otherwise afford to buy homes appropriate to their needs available on the open market within the District."
The property can only be sold to persons who either already reside in the District or to persons who used to live in the area but who have a strong local connection with the District through family ties or periods of previous residence. The property can also be offered to persons who are moving into the District to work and have accepted an offer of employment.
AMENITIES The historic market town of Faringdon, dating back at least to the 12th century, has a thriving community and amenities such as the Leisure Centre, Library, Faringdon Community College, Junior and Infant schools as well as The Old Station Nursery, doctors' and dentists' surgeries and a Family Centre. Buses travel from the town to private schools at Abingdon. The town now boasts three large supermarkets.
Faringdon is also ideally positioned for the A420, leading to the A34, M40 and M4 and mainline railway services from Swindon, Oxford, Oxford Parkway and Didcot Parkway. There is a frequent bus service through the town from Swindon to Oxford and back, linking to rail services and airports.
The Tower on Folly Hill was built by Lord Berners in 1935 and affords panoramic views across four counties. For over 20 years, the town has been twinned with Le Mêle-sur-Sarthe in France and in 2004, Faringdon became the first Fairtrade town in the South East of England.
Perry Bishop and Chambers