As buyers look to move to from urban environments to the countryside in record numbers, property prices in rural locations have seen substantial growth. Prices in South Oxfordshire have grown by 10.8% over the past year, stimulated by rise in demand.
Demonstrating the popularity of this area, Catalyst has just one two-bedroom home remaining in the latest phase at Hopefield Grange, a multi-phase development of 270 homes in Benson. Set within Oxfordshire’s countryside, Hopefield Grange offers all the village hallmarks sought by this new generation of country dwellers. The high street is only a 3-minute walk away, featuring plenty of eateries and retailers, whilst picturesque walks along the River Thames are just a 10-minute stroll from the development.
Steve Pickering, Head of Sales and Marketing (Counties) at Catalyst, comments: “We are pleased that demand at Hopefield Grange has remained strong, resulting in just one apartment remaining in the latest phase of the development. The rarity of Shared Ownership in this area has made this development particularly popular, as an ever growing number of first-time buyers discover how much the part-buy, part-rent scheme can help them.”
Shared Ownership is a Government-backed scheme which allows purchasers to buy a percentage share of the property, and pay rent on the remaining portion. Buyers only require a deposit and mortgage to cover the share they are purchasing, helping those with lower savings and income to buy their first home. As and when they can afford to, buyers can purchase larger shares in their home until they own their home outright, through a process called staircasing.
Offering the best of contemporary living, all homes at Hopefield Grange are completed to the highest standard, with all kitchens featuring integrated Indesit appliances, bathrooms kitted out with White Roca sanitaryware. All homes feature private outdoor space in the form of a balcony, and residents have an allocated parking space.
Well located for commuting, Oxford is only a 20-minute drive away from Hopefield Grange, whilst Reading is a 26-minute drive away. From Cholsey train station, which is a 13-minute drive from Hopefield Grange, residents can access the capital in just under an hour. Alternatively, from Didcot Parkway, which is a 20-minute drive from the development, residents can access Oxford in 15 minutes and London in 44 minutes.
Ideal for families, there are schools catered to all ages locally, with Benson Church of England Primary School and the Wallingford School both being awarded with a good Ofsted rating and under a 15-minute drive away.
Prices start at Hopefield Grange at £102,000 for a 40% share of a two-bedroom apartment (FMV: £255, 000). The next phase of homes at Hopefield Grange will launch early 2022.
For more information, visit: catalyst.homes