Shared Ownership
This superb modern home is available to buy from as little as £174,000 with a 40% share!
Situated in the desirable village of Hook, this well-presented three-bedroom terraced home offers approximately 907 sq ft of bright and well-proportioned living accommodation. The ground floor comprises a spacious living room, a modern kitchen/breakfast room with ample space for dining, and a convenient downstairs cloakroom. Upstairs, the property offers three bedrooms and a contemporary family bathroom, providing flexible accommodation for modern living. The property also boasts three parking spaces.
Ideally located on Postchaise Close, the property is within easy reach of Hook village centre, where residents can enjoy a variety of independent shops, cafés, restaurants, pubs and everyday amenities. The area also benefits from excellent local schools, parks and countryside walks, making it a popular location for a wide range of buyers.
For commuters, Hook railway station provides direct services to London Waterloo in under an hour, while the nearby M3 offers excellent road links to London, Basingstoke, Reading and the South Coast. Combining spacious accommodation with a convenient village location and superb transport connections, this fantastic home is not to be missed.
PRICING & AFFORDABILITY
Full Market Value: £435,000
40% Share Price: £174,000 (rent £646.12pcm)
Minimum 5% Mortgage Deposit (% share): £8,700
Approximate Service Charges: £50.97pcm*
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:
• 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.
