Shared Ownership
This superb modern home is available to buy from as little as £100,000 with a 50% share!
This ground floor apartment features a generous open plan lounge/kitchen/diner extending over 22ft, two well proportioned bedrooms and a modern family bathroom. Externally are communal grounds and an allocated parking space with further visitor bays available.
The property is ideally positioned within Basingstoke, offering easy access to a wide range of local amenities including shops, supermarkets, cafés and leisure facilities. Basingstoke town centre is close by, providing a comprehensive selection of retail and dining options, along with recreational spaces and parks for outdoor enjoyment.
For commuters, the location is particularly convenient with excellent transport links nearby. Basingstoke railway station offers direct services to London Waterloo, while the M3 provides straightforward access to London, Southampton and the wider motorway network.
PRICING & AFFORDABILITY
Full Market Value: £200,000
50% Share Price: £100,000 (rent £300.15pcm)
Minimum 5% Mortgage Deposit (50% share): £5,000
Approximate Service Charges: £221.87pcm*
Lease: 107 years remaining
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
LOCAL AREA CONNECTION
You must have a local area connection to Basingstoke & Deane. This includes living and/or working in the Borough or having a direct family connection.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £200,000 and a purchaser would not need to meet the eligibility criteria listed above.
