First time buyers given the opportunity to get on the property ladder in sought after Wolvercote, Oxford
Catalyst Homes has just released from plan its brand new collection of Shared Ownership homes at the former Wolvercote Paper Mill in Oxford.
The site, which was used as a mill for about four centuries but ceased paper production in 1997, is being transformed into a brand new community by Cala Homes.
Catalyst will be creating 19, one, two and three bedroom apartments and three bedroom houses which are ideal for first time buyers, renters looking to buy their own property and young families. Each property will feature a contemporary kitchen with integrated appliances included in the price and parking for each property.
Gareth Gow, Area Sales Manager for Catalyst Homes comments, “Oxford is an extremely desirable place to live and Wolvercote provides the best of both worlds, with its stunning village location but right on the edge of the historic city of Oxford. We have already received a great deal of interest for the homes and are expecting that they will prove to be really popular.”
Shared Ownership is a successful government run initiative that enables you to buy a share of a new build property and pay a reduced rent on the remaining share. You will purchase the maximum share that you can afford, between 25% -75% of the full market value. The combined monthly cost of your rent and mortgage will usually be less than buying the property outright due to the rent being subsidised.
Priority on the homes at Wolvercote Mills will be given to those who live or work in Oxford, have a household income that does not exceed £80,000 and do not already own or have their name on the deeds to another property.
Rich in history and architectural splendour as well as home to one of the oldest prestigious universities, the dreaming spires of Oxford City Centre offers a cosmopolitan lifestyle rich in new and old with a wealth of bars, restaurants and shopping at the new Westgate Centre.
The development is located in the semi-rural village of Wolvercote approximately three miles north of the city centre. The village has strong connections to the city and beyond with it being located off the Wolvercote roundabout which is a transport node for the city bringing together some of its major links such as the A40 and A33. The village also holds links to public transport with it being located approximately three miles from each of the two Oxford train stations.
Prices start from £70,625 for a 25% share in a one bedroom apartment (full market value £280,000); from £93,750 for a 25% share in a two bedroom apartment (full market value £375,000); from £111,250 for a 25% share in a three bedroom apartment (full market value £445,000) and from £146,250 for a 25% share in a three bedroom house (full market value £585,000).
For more information please call 0333 444 3002 or visit www.catalyst.homes.