Shared Ownership
This superb modern home is available to buy from as little as £130,000 with a 40% share!
A well-proportioned two-bedroom house offering approximately 838 sq ft of accommodation arranged over two floors. The property has been thoughtfully subdivided to create a cosy additional bedroom and a separate office space, providing flexible accommodation to suit a variety of needs.
Importantly, the vendor is happy to return the subdivided bedroom to its original size of approximately 2.75m × 4.85m, at their own cost, should the buyer prefer a larger bedroom rather than the current additional bedroom and office arrangement.
The ground floor features a spacious living/dining room, separate kitchen, downstairs WC and entrance hall, while upstairs provides the main bedroom, a cosy additional bedroom, office space and family bathroom.
The property offers a practical layout with a generous living-dining room, providing plenty of space for both relaxing and entertaining. The separate kitchen is well positioned off the entrance hall. and a spacious main bedroom.
The property also benefits from two allocated parking spaces.
Situated within a residential cul-de-sac in Basingstoke, the property is conveniently located for everyday amenities, with a Co-op supermarket approximately 0.1 miles away. Basingstoke town centre provides a wider range of shopping, dining and leisure facilities, while the town’s railway station is around 1.7 miles away, offering rail connections for commuters. Local bus services also operate throughout the area.
PRICING & AFFORDABILITY
Full Market Value: £325,000
40% Share Price: £130,000 (rent £443.95pcm
Minimum 5% Mortgage Deposit (40% share): £6,500
Approximate Service Charges: £27.54pcm
Lease: 121 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:
• You must live, work for have close family members within the Baskingstoke and Deane area
• 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.
