Shared Ownership
This superb modern home is available to buy from as little as £144,000 with a 40% share!
Situated in the sought-after Bello Abbey Way development, this well-presented two-bedroom semi-detatched home offers approximately 784 sq ft of modern accommodation. The ground floor features a spacious reception room with direct access to a generous rear garden with decking area, a contemporary kitchen/breakfast room and a convenient downstairs cloakroom. Upstairs, there are two well-proportioned double bedrooms and a modern family bathroom, providing comfortable and practical living space throughout. The property also benefits from two large parking spaces, adding further convenience.
Ideally located on the edge of the historic market town of Alton, the property is within easy reach of a wide range of independent shops, supermarkets, cafés, restaurants and leisure facilities. The surrounding Hampshire countryside offers beautiful walking and cycling routes, while nearby parks and green spaces provide plenty of opportunities to enjoy the outdoors.
For commuters, Alton railway station offers direct services to London Waterloo in around one hour, while the nearby A31 provides excellent road links to Winchester, Guildford and the M3. Combining spacious accommodation, a generous rear garden and excellent transport connections, this fantastic home is perfectly positioned for modern living.
PRICING & AFFORDABILITY
Full Market Value: £360,000
40% Share Price: £144,000 (rent £486.82pcm)
Minimum 5% Mortgage Deposit (40% share): £7,200
Approximate Service Charges: £44.73pcm*
Lease: 118 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:
• Applicants must live, work, or have strong family connection to the Parish of Alton or East Hampshire District Council
• 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.
