This superb modern home is available to buy from as little as £172,500 with a 50% share!
This well presented semi detached home on Coltsfoot Way offers comfortable and practical accommodation. The ground floor comprises an entrance hallway, a convenient downstairs WC, a fitted kitchen and a spacious living room with double doors opening onto the rear garden. Upstairs, the property offers two double bedrooms, with the principal bedroom benefiting from an en-suite shower room, alongside a separate family bathroom. Externally, the home enjoys a private rear garden and parking.
Situated in a popular residential area of Basingstoke, Coltsfoot Way benefits from a convenient location with access to a range of local amenities. Basingstoke town centre offers an excellent selection of shops, restaurants, cafés and leisure facilities, including Festival Place shopping centre, while nearby supermarkets, schools and green spaces cater for everyday needs. The surrounding Hampshire countryside also provides plenty of opportunities for walking, cycling and outdoor activities.
The property is well positioned for commuters, with Basingstoke railway station providing regular services to London Waterloo, Reading and Southampton. Road connections are equally convenient, with the nearby A339, A33 and M3 motorway offering access to surrounding towns and major employment centres.
PRICING & AFFORDABILITY
Full Market Value: £345,000
50% Share Price: £172,500 (rent £528.93pcm)
Minimum 5% Mortgage Deposit (50% share): £8,625
Approximate Service Charges: £28.12 pcm*
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.
