Oxford City Council's property buy-back scheme
Oxford City Council is excited to announce a special funding initiative that allows us to repurchase a select number of Council properties, with a particular interest in leasehold properties. This is an opportunity for you to sell your property directly to the Council.
How the property buy-back process works
Selling your property to Oxford City Council is similar to the open market process:
- We assess the demand for your property, focusing primarily on one-bedroom properties, by considering its location and size
- If your property aligns with our requirements, a Council surveyor will conduct an initial survey
- An independent valuation follows, after which we will present you with an offer
Please note, we cannot purchase properties if the owner wishes to remain. Additionally, not every property surveyed will receive an offer.
Benefits of selling to the Council
Choosing to sell your property to us can be advantageous:
- you save on estate agent fees
- no worries about being in a property chain
- quick, 'cash' basis transaction without waiting for mortgage approvals
- direct communication with a single point of contact in the Council
As the seller, you are responsible for your legal fees. However, selling to the Council might be a seamless and beneficial option for you.
Interested in exploring this opportunity? Please reach out to Andy Dorrington, our Affordable Housing Development Officer, for more information.
