Shared Ownership
This superb modern home is available to buy from as little as £66,000 with a 40% share! (NB. There is a staircasing restriction at 80% for this property.)
This well-presented first floor apartment is located in the popular residential area of Hills Way in Bramley. Accessed via a communal entrance, the apartment features an open-plan living area incorporating the kitchen. There is a well-proportioned double bedroom and a bathroom fitted with a modern suite. There is an allocated parking space outside with ample visitors bays.
Bramley in Hampshire is a popular and well-serviced village location combining rural charm with excellent connectivity. The village itself offers a range of local amenities including independent shops, a traditional bakery, a village pub, a church and community facilities, providing a strong local identity and a convenient day-to-day lifestyle for residents. Bramley also has its own primary school and is close to larger centres such as Basingstoke and Reading for a broader selection of retail, leisure and service options.
PRICING & AFFORDABILITY
Full Market Value: £165,000
40% Share Price £66,000 (rent £184.62 pcm)
Monthly Service Charges: £104.46*
Lease Length: 81 years 8 months
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.
Council Tax Band B
