Demonstrating the demand for shared ownership in Oxfordshire and following the success of our fully reserved scheme at Newman Place in Littlemore, a new development, The Aviary, by Peabody New Homes, located in Blackbird Leys, will be delivering 120 elegantly designed, affordable homes available through shared ownership, giving many first time buyers the chance to get on the property ladder in an area where they’d normally be priced out and where there’s limited shared ownership.
Offering the opportunity to buy an affordable home just south of Oxford’s evocative skyline, cobbled streets and renowned universities, The Aviary is a collection of 120 one, two and three bedroom homes available through shared ownership. This 100% affordable development brings high quality new homes to Oxford.
With its official launch eagerly anticipated in the coming year of 2024, The Aviary promises to redefine the very essence of modern living through alternative homeownership. This visionary project, conceived within the ethos of community and accessibility, will see the transformation of newly envisioned retail units serving to provide a seamless integration of convenience and accessibility. New cycle routes will foster an eco-friendly ethos that beckons both residents and the wider community to minimize their carbon footprint. In a world where green spaces are hailed as sanctuaries of tranquility, residents will be able to relax and unwind among the green landscapes at The Aviary, designed to connect residents with the natural environment.
Sustainability features include energy-efficient building fabric and insulation, high-efficiency heating, double-glazed windows, low-energy lighting and solar panels; all helping to lower carbon emissions by at least 20%. The development will also have electric vehicle charging points across the site, and cycle storage will be available.
Shared ownership offers an alternative route onto the property ladder, lowering some of the financial barriers associated with buying a first home. Through shared ownership, purchasers buy a percentage share of their home, typically between 25% to 75%, and pay rent on the remaining portion. Buyers only require a deposit and mortgage for the share they are buying, helping those with lower savings and incomes to get onto the property ladder. As and when they can afford to, buyers can purchase greater shares in their home until they own their home outright, through a process called “staircasing”.
Steve Pickering, Head of Sales and Marketing (Counties) at Peabody, comments, “The opportunity to purchase a home in a design led development like this, in as affluent an area as Oxford, is increasingly difficult for first time buyers. That’s why it’s so important we offer homes through schemes like shared ownership so that buyers can still access high quality housing in this area.”
Properties are available in a number of different layouts, from one bedroom apartments which offer a viable route onto the property ladder for a single buyer, to three bedroom houses that make idyllic family homes. Providing more value for money, homes at The Aviary are inclusive of white goods, and buyers are given the choice of high-specification fittings, including flooring, tiles, and kitchens to suit different tastes.
Residents have fantastic facilities on the doorstep, as well as buzzing Oxford city centre a 15-minute drive away. The Aviary’s range of amenities includes a selection of supermarkets and a parade of shops, all within walking distance. Heyford Meadow Nature Reserve is two miles away, providing a picturesque walking spot along the River Thames, while closer green spaces include Littlemore Park.
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