Shared Ownership
This superb modern home is available to buy from as little as £219,000 with a 60% share!
Situated in the popular village of Bramley, this semi detached home offers bright, practical accommodation. The ground floor comprises an entrance hall, convenient cloakroom/WC, a modern kitchen/dining room to the front, and a spacious lounge to the rear with direct access to the garden. Upstairs, the property features two generous double bedrooms and a contemporary family bathroom. Externally is allocated parking to the front and an enclosed garden at the rear.
Sterling Place enjoys a desirable position within Bramley, a thriving Hampshire village offering an excellent range of everyday amenities including a supermarket, cafés, pubs, a village bakery, pharmacy and highly regarded schools. The surrounding countryside provides an abundance of scenic walks and outdoor leisure opportunities, while nearby Basingstoke and Reading offer an extensive selection of shopping, dining and entertainment facilities.
For commuters, Bramley railway station is within easy reach, providing direct services to Reading and Basingstoke with onward connections to London Waterloo and the wider rail network. The A33 offers convenient road links to Reading, Basingstoke and the M4, making this an ideal location for those travelling throughout the South East.
PRICING & AFFORDABILITY
Full Market Value: £365,000
60% Share Price: £219,000 (rent £333.92pcm)
Minimum 5% Mortgage Deposit (60% share): £10,950
Approximate Service Charges: £51.02pcm*
Lease: 119 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
Buyer must have a local area connection in order to be eligible. This can be by way of living and/or working in the local borough of Basingstoke and Deane or having immediate family who are currently living. Proof will be required.
*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 £365,000 and a purchaser would not need to meet the eligibility criteria listed above.
