Shared Ownership
This modern home is available to buy from as little as £80,000 with a 40% share!
Offered for sale with no onward chain and with an extended lease, this well proportioned ground floor maisonette is situated in the desirable village of Meonstoke, within the sought after Meon Valley.
The property offers a spacious and practical layout with accommodation comprising an entrance hall, a generous lounge/diner with bay window providing plenty of natural light, and a separate kitchen fitted with a range of units and space for appliances. The double bedroom benefits from built-in storage, while the accommodation is completed by a bathroom. Externally, the property benefits from a nearby garage.
Residents of Meonstoke enjoy a charming village setting with a range of local amenities nearby. The neighbouring village of Corhampton offers a well-regarded village shop and café, while the nearby market town of Bishops Waltham provides a wider selection of independent shops, restaurants, cafés and everyday conveniences. The surrounding Meon Valley also offers beautiful countryside walks and outdoor pursuits, all within the South Downs National Park, making the area particularly popular for those seeking a blend of rural charm and practical amenities.
Transport links are excellent, with easy access to the nearby market town of Bishops Waltham and the historic city of Winchester, both offering a wide range of shopping, dining and leisure facilities. Mainline railway stations can be found at Botley railway station and Winchester railway station, providing regular services to London Waterloo. The nearby M27 motorway also provides convenient access to Southampton, Portsmouth and the wider motorway network, making the location ideal for commuters.
PRICING & AFFORDABILITY
Full Market Value: £200,000
40% Share Price: £80,000 (rent £319.66pcm)
Minimum 5% Mortgage Deposit (40% share): £4,000
Approximate Service Charges: £154.02 pcm*
Lease: the current owners are extending the lease as part of the sale to 165 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.
