Three new shared ownership homes will soon be on the market in Woodstock.

Blenheim Estate Homes is opening applications for the properties at its Park View development on Friday March 1, with prices for the two-bedroom homes starting from £495,000.

The homes include two double bedrooms, a kitchen with fitted oven and hob, a bathroom with bath over shower, their own rear gardens, and an allocated car parking space.

Ceramic floor tiling will be included in the kitchen, bathroom, and downstairs w/c.

Oxford Mail: The properties are suited to first time buyersThe properties are suited to first time buyers (Image: Blenheim Estate Homes)

Eligibility for the Shared Ownership Scheme will require candidates to have a local connection to the area, an annual household income of less than £80,000, and be financially unable of purchasing a suitable home on the open market.

Additional prerequisites include the buyer covering their own legal fees, having savings towards their mortgage and deposit, and an evaluation on their ability to afford and sustain shared ownership.

The deposit required is calculated based on the price of the share, rather than the value of the entire property.

Rebecca Wakefield, housing officer at Blenheim Estate Homes said: "Providing affordable homes is really important to us; giving a helping hand for those in our local community who are trying to make that first step on the property ladder.

"As both the developers and landowners, Blenheim Estate Homes is passionate about encouraging families to stay in the community for the long term and prosper."

She added: "Applications for our new affordable homes will be open until March 31 so if you're eligible and like the idea of having a magnificent UNESCO World Heritage Site in walking distance from your home, then don't hesitate to apply."

Blenheim Estate Homes, which has previously built 122 affordable homes and been given the go-ahead to develop 178 more, aims to house 300 families in high-quality affordable properties by 2027.

With these shared ownership homes allowing people to acquire as low as a 40 per cent share in a home, they can also gradually increase their ownership stake over time, ultimately owning the property outright.

The remaining share of the property is owned by Blenheim Estate.

The homes offer "a blend of rich history and captivating landscapes complemented by contemporary living".

The homes are "designed to suit everyone from couples to growing families or those seeking a forever home".

To register your interest in Shared Ownership homes at Park View, Woodstock, and for more information visit, the Blenheim Estate Homes website.