2 bedrooms
£42,500
Bretch Hill, Banbury, OX16

Final plot!

These thoughtfully-designed apartments are exclusively available for the over 55s.

Specifications

  • Choose from a range of kitchen units, worktops, handles and flooring.
  • Bosch oven, hob and cooker hood.
  • Neutral wall tiles and flooring.
  • Neutrally decorated communal areas.

Location

Sitting on the beautiful River Cherwell in Oxfordshire, Banbury is a historic market town bursting with landmarks including the Banbury Cross and The Fine Lady statue.

Less than three miles from Orchard View is the Castle Quay Shopping Centre, where you can enjoy a day of shopping in both well-known high street stores and local independents. There are also a number of restaurants nearby, perfect for an evening of fine dining. Spiceball Country Park is less than two miles away, offering a relaxing and picturesque day outdoors.

If you want to venture further, the well-known designer outlet shopping centre Bicester Village is just a short drive away, as well as the stunning Blenheim Palace, found on the outskirts of the city of Oxford.

Shared ownership calculator

Property value
£170,000
Share to purchase
25% 50% 75%
%
Results
Mortgage required
£42,500
Indicative monthly rent *
£292.19

Your eligibility for shared ownership will be assessed by our team on an indicative basis only, based on your financial situation, the value of the property in question, the share you wish to purchase and the deposit amount. Our assessment and any information provided by Sanctuary Homes does not constitute a recommendation for you to proceed and should not be relied on as confirmation that you will be able to afford the repayments. Before proceeding you should carefully consider whether you will be able to afford the repayments for the entire term of your mortgage, including if your personal circumstances change.  

Sanctuary Homes is not authorised or regulated by the Financial Services Authority to provide financial advice and you should always obtain your own independent advice and recommendations from an Independent Financial Adviser regarding shared ownership – including available mortgage products, affordability, interest rates, terms, conditions and methods of repayment. These matters will be outlined within a Key Features Information (KFI) document that your financial adviser and your mortgage provider will provide to you prior to entering into any commitment. In addition, you will also be required to appoint your own independent legal adviser to deal with your purchase.

YOUR HOUSE MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED AGAINST IT.

* this monthly rent amount is only indicative and may be subject to change

The next steps to your home buying journey

To be eligible to purchase a shared ownership property at Orchard View, you must:

  • Have a combined household income under £80,000.
  • Not own property, or a share of a property at the time of completing the purchase of your new shared ownership home.
  • Have a good credit history.
  • Have a minimum of £5,000 to cover the costs of buying a home.

Priority will be given to applicants who have a connection to Oxfordshire.

To purchase a new-build 2 bedroom shared ownership apartment at Orchard View, you will need to show on the application that there is a local connection. For example: 

  • Being a resident (or employed within) the Oxfordshire region over a period of 2 years.
  • Family connections such as a parent, grandparent, child, grandchild or adult sibling that have lived in the area for at least three years.

As part of our application process, we must carry out an affordability assessment and to enable us to do so, you will be asked to provide documents to support the application.

If you are interested in applying for one of our shared ownership homes, please complete our application form (PDF 260KB). This also includes a handy budget planner which will enable you to see just how affordable a shared ownership purchase could be.

Learn more about what our or Shared Ownership scheme can offer.

If you are ready to take your next step into owning your home, please contact a member of our Sales Team at Orchard View.

Block

The particulars on this website have been prepared for prospective purchasers for guidance only. They are not part of an offer or contract. Whilst some descriptions are inevitably subjective and information is given in good faith, they should not be relied upon as statements or representations of fact. All measurements are taken from plans and must therefore, be treated as approximate. Some variation in the finished construction and landscaping should be expected.

The site plan and photographs are for illustrative purposes only, not to scale and for general guidance only. Sanctuary Group reserves the right to amend the specifications without prior notice. Buyers will be informed of any substantial changes to the specification after reservation. Any substitution of materials will be to an equal or higher standard.

 

Block

For help finding your brand new home contact us