Summary - Mitclafe Way, Banbury, Oxfordshire OX16 9UN
4 bed 2 bath Semi-Detached
Affordable shared-ownership option near Banbury with new local facilities planned.
- Four bedrooms across three floors, including top-floor en suite bedroom
- Approx. 1,188 sq ft of accommodation, traditional layout with open-plan kitchen/diner
- Enclosed rear garden and off-street parking; no garage
- Shared Ownership: 40% share price from £182,000; rent payable on remaining share
- Long lease (approx. 990 years) and estimated service charge ~£720pa
- Around 2 miles to Banbury train station; M40 access for commuters
- Broadband speeds slow; mobile signal average — may affect remote working
- Eligibility criteria apply (income cap, deposit required); council tax band TBC
A brand-new, three-storey semi-detached home offered through Shared Ownership, ideal for first-time buyers seeking an affordable route onto the market. This four-bedroom property provides generous family living over 1,188 sq ft, with an open-plan kitchen/diner, separate lounge/diner, en suite to the top-floor bedroom and an enclosed rear garden. Off-street parking is included and the long lease (approximately 990 years) offers security for staircasing later.
The development is part of a wider masterplan that will add a new primary school, extended secondary provision, community centre and sports areas — useful for growing families. The property sits about two miles from Banbury train station and close to major road links (M40), making commutes to Oxford or Birmingham feasible.
Buyers should note this is a leasehold Shared Ownership home: you buy a share (from 40% at £182,000) and pay rent on the remaining share. Estimated service charges apply (approx. £720pa) and rent/service charges may rise annually. Broadband speeds in the area are slow and mobile signal is average, which could affect home working.
Overall this is a practical, low-crime location in an affluent area with new local facilities coming. The scheme suits purchasers who meet Shared Ownership eligibility (income cap, deposit and residence requirements) and who want lower up-front cost and the option to increase their share over time.
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