Meadow View, 3 bed homes
These fantastic 3 bedroom houses are located on the Meadow View development in Cholsey near Wallingford, South Oxfordshire.
Cholsey is a quaint village with a range of great amenities including a pharmacy, butcher, hair salon, vet, church and two pubs. Cholsey train station is half a mile from the development where you can get a train into London Paddington in one hour, Oxford in half an hour and Reading in just 20 minutes. Beyond the village, there is wide open countryside for you to explore making these homes ideal for those looking for the open space and city access.
Prices on this development start from 40% equity share.
You will need a minimum 5% deposit (of the share value) for mortgage purposes, plus monies to pay for solicitor fees, moving costs & furnishings.
Local area information
Min share price from: £156,000 for a 40% share
Full price from: £390,000
Minimum deposit from: £7,800
Monthly rent from: £536
There is only one available priced at £156,000 for a 40% share.
It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.
An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.
Leasehold, which is essentially the contract for the share you've bought.
It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.
Your solicitor can help you with this.