Shared Ownership
This modern home is available to buy from as little as £135,000 with a 50% share!
*** NO ONWARD CHAIN *** A well proportioned end of terrace home with accommodation that features an entrance hall, useful cloakroom/WC and an impressive open plan kitchen, living and dining room. Upstairs are two generously sized double bedrooms together with the family bathroom. Outside, the property benefits from a private rear garden and allocated parking.
Situated in the popular Picket Piece area on the eastern side of Andover, the property is conveniently placed for everyday amenities. The local area includes a convenience store, Picket Piece Commercial Centre and village hall, while the nearby Wyke Down Country Pub & Restaurant and Finkley Down Farm provide further leisure options. Andover itself offers a much wider selection of shops, supermarkets, restaurants and recreational facilities.
For commuters, Andover railway station provides mainline rail connections, including direct services towards London Waterloo, while the nearby A303 gives convenient road access towards Basingstoke, the A34/M3 network and the West Country. Picket Piece is also served by local buses connecting with Andover town centre.
PRICING & AFFORDABILITY
Full Market Value: £270,000
50% Share Price: £135,000 (rent £325.42pcm)
Minimum 5% Mortgage Deposit (50% share): £6,750
Approximate Service Charges: £41.98pcm*
Shared Ownership Lease: 118 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.
*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.
