Shared Ownership
This superb modern home is available to buy from as little as £98,000 with a 40% share!
This modern first floor apartment benefits from a long lease and allocated parking. The accommodation is arranged around a central hallway and comprises a spacious living room with ample space for both seating and dining, creating an inviting area for everyday living and entertaining. The separate kitchen is thoughtfully laid out, providing good worktop and storage space and benefiting from a practical, functional design. There are two bedrooms, including a generous master bedroom featuring built-in wardrobe space, and a second bedroom that is well suited for use as a guest room, home office, or nursery. The bathroom is centrally positioned and complemented by additional storage cupboards within the apartment, enhancing day-to-day practicality.
The property further benefits from a dedicated hot water cupboard and multiple storage areas, ensuring efficient use of space throughout. Accessed via the main entrance, the apartment’s first-floor position provides a sense of privacy while remaining easily accessible. The lease has been recently extended and there is an allocated parking space.
The apartment is situated in a well-established residential area within RG27 0SN, offering a balance of convenience and community living. Local amenities are easily accessible, including everyday shops, supermarkets, and leisure facilities, while nearby towns provide a broader range of retail, dining, and professional services. The area is well served by transport links, with road access to the M3 and A30 facilitating straightforward commuting to Basingstoke, Reading, and London. Rail connections from nearby stations offer regular services to London Waterloo and surrounding destinations, making the location particularly attractive for commuters. Additionally, the surrounding countryside and local green spaces provide opportunities for outdoor recreation, enhancing the overall appeal of the area.
PRICING & AFFORDABILITY
Full Market Value: £245,000
40% Share Price: £98,000 (rent £404.34 pcm)
Minimum 5% Mortgage Deposit (40% share): £4,900
Approximate Service Charges: £106.58 pcm*
Lease: 189 years
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.
*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 £245,000 and a purchaser would not need to meet the eligibility criteria listed above.
