Bournleigh, Southam Road, Bournleigh

Brand New 2-bedroom SHARED OWNERSHIP Apartments are now available at Bournleigh on the outskirts of Banbury.

Available on the ground, first or second floors, The Heron is a modern 2-bedroom apartment perfect for those looking to purchase their first home. The apartment includes a spacious open-plan living/dining/kitchen area (with ground floor apartments also including two sets of doors out to the patio area and shared garden),

Available to purchase at £88,000 with a deposit of £4,400 which represents a 40% share of the full market value of £220,000
Designed to maximise space for modern living, this is perfect for those looking for more space in their property to entertain friends and families alike or to take their first step onto the property ladder.

Bournleigh is located on the fringes of the charming historic market town of Banbury in Oxfordshire. With a number of convenience stores and supermarkets just a short walking distance away, Bournleigh is well placed for those who want to live in a quieter area but still benefit from amenities close by. Under a miles walk from Bournleigh brings you to the centre of Banbury, with a variety of different shops, restaurants and supermarkets available. The Castle Quay Shopping Centre is also home to a range of well-known high street stores, offering you the perfect spot for an afternoon of shopping. Banbury also benefits from having a number of highly-rated primary and secondary schools in the area.

Bournleigh, a mile and a half from Banbury Cross on the Southam Road will bring brand new homes to the north of the historic market town. A stones’ throw from Banbury Country Park and near to lush wetlands, Bournleigh will become a destination location for homebuyers looking for a semi-rural location with easy access to the M40. Banbury puts you at the centre of the country, perfectly placed to reach Oxford, The Midlands, The Cotswolds, The South and London. Bournleigh is an exciting development of two bedroom apartments complimenting a range of two, three and four bedroom stylish homes. Here at Bournleigh you can enjoy the unique combination of high quality contemporary homes, modern convenience and natural surroundings.

Dimensions
Lounge/Kitchen/Dining – 6.94 x 5.02m (22’9” x 16’6”)
Bedroom 1 – 4.87 x 2.97m (16’0” x 9’9”)
Bedroom 2 – 3.63 x 3.39m (11’11” x 11’1”)
Bathroom – 2.1 x 2.3m (6’11” x 7’7”)
Total Area – 70.20sqm / 755.63sqft

What is Shared Ownership? Shared ownership could be your step on to the property ladder. This home ownership scheme allows you to purchase a share in your home and rent the remaining unowned share. Over time, in most cases you can buy more shares in your home until you own the full 100%, but restrictions may apply in some locations.
How does Shared Ownership Work? You buy an initial share of usually between 40% and 75% of the property's full value and pay a subsidised rent on the remaining share you don't own. You may purchase further shares up to 100% of the full property value, as your circumstances change, although there is no obligation to do so. You will be asked to speak with a Financial Advisor to assess what share you can buy, ensuring this is both affordable and sustainable, based on your circumstances. Shared ownership can be cheaper than renting a property privately as the mortgage cost and subsidised rent usually add up to less than the equivalent rental payments to a landlord.

Example:
. Property Purchase price £220,000
. You purchase a 40% share = £88,000 funded through a combination of your own deposit (£4,400) and mortgage (£83,600)
. You rent the remaining 60% share = £132,000 x 2.75% rent = rent of £302.50 per month
. 75% is the maximum share price which you can initially purchase.
. There is an option to purchase up to 100% of the property value at a later point should you wish to do so.
. You enjoy all the benefits of living in a brand new home with an open market value of £220,000
. You can stay in the property for as long as you wish and can sell the share you own at any time. You make the decisions.
. Please speak to one of our advisors to find out more about owning a share of this fabulous property.

Service charge also applies on this development, please contact our sales advisors for further details

** typical interior images and may not depict actual house type **