Worldham Gardens, Basingstoke, Hampshire, RG24
- Brand new Shared Ownership home
- Spacious open plan lounge/kitchen/diner
- Ground floor cloakroom
- Two double bedrooms
This property is available to buy from as little as £108,000 with a 40% share!
Gillies Meadow is a fabulous development of brand new homes, situated within Basingstoke and offering a selection of two and three bedroom homes under the Shared Ownership scheme.
Within a short distance of Basingstoke train station, the M3 motorway and Basingstoke town centre, there is an array of bars, restaurants, cinema's and leisure attractions including Festival Place shopping centre, indoor skydiving and the Milestones Museum.
This brand new mid terrace home features a superb open plan lounge/kitchen/diner that runs the entire length of the house and a ground floor cloakroom. To the first floor there are two double bedrooms and a family bathroom. Externally is parking and a garden.
PRICING & AFFORDABILITY
Approximate Size 78.22 sq m
Full Market Value: £270,000
40% Share Price: £108,000 (rent £371.25pcm)
50% Share Price: £135,000 (rent £309.38pcm)
75% Share Price: £202,500 (rent £154.69pcm)
Minimum 5% Mortgage Deposit (40% share): £5,400
Approximate Service Charges: £47.69 pcm*
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you'd expect to pay if you bought a similar property outright.
At Gillies Meadow you can buy a minimum 40% share of your home (the maximum you can buy initially is 75%). When you're ready, you can buy more shares until you staircase to owning 100% of your home.
To be eligible for shared ownership you would need to meet the following criteria:
' Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
' 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.
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
*These photos are for information purposes only and may not represent a true likeness for the units being sold. They have been taken from similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.
Leaders Romans Group are selling the homes on behalf of Sage Housing. Sage Housing is a Registered Provider committed to providing high quality affordable homes across England. For more information on Sage Housing visit www.sagehousing.co.uk.