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The Fairacre Collection by Sage Homes in Witney

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The Fairacre Collection includes a range of 1 & 2 bedroom apartments located on the new build development, Windrush Place. The development is close to the picturesque market town of Witney in the beautiful Oxfordshire Cotswolds. The town centre offers great shopping and there are local schools, health and leisure facilities, as well as easy access to nearby Oxford and the M40.

Located in the growing town of Witney, this development is brilliantly positioned to access the local frequent public transport. The development is within 1.1 miles of the Town Centre and within 14 miles of Oxford city. With easy access to the A40 The Cotswolds are a short drive away, located only 16.3 miles away with Burford being the closest Cotswold village. The development is positioned to be within the catchment of a number of primary schools such as West Witney and Our Lady of Lourdes.

About the home
The homes include of a contemporary style kitchen with fitted white cabinets, living/dining area, with modern appliances including oven, hob, stainless steel extractor hood. The homes also have flooring throughout and allocated parking.

Pricing and Affordability Example

1 Bedroom Apartment example

Full Market Value- £190,000
• 25% Share £47,500 – Rent £326.56 pcm
• 45% Share £85,500 – Rent £239.48 pcm
• 60% Share £114,000 – Rent £174.17 pcm
• 75% Share £142,500 – Rent £108.85 pcm
Service charges estimated- £87.85 pcm

2 Bedroom Apartment example
Full Market Value-£215,000
• 25% Share £53,750 – Rent £369.53 pcm
• 45% Share £96,750 – Rent £270.99 pcm
• 60% Share £129,000 – Rent £197.08 pcm
• 75% Share £161,250 - Rent £123.18 pcm
Service charges estimated - £115.64 pcm

Shared Ownership
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.

At The Fairacre Collection you can buy a minimum 25% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

You will need a minimum 5% deposit (of the share value) for mortgage purposes, plus monies to pay for solicitor fees, moving costs & furnishings.

Sage Homes