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2 Bedroom Flat

Skippetts Gardens, Basingstoke, RG21

£ 70,000

Call the Shared Ownership branch on 01344 835 715

Features:

  • Modern shared ownership apartment
  • Two bedrooms
  • Second floor
  • Parking
  • Open plan lounge/kitchen/diner
  • Available immediately

 

Property Description:

Shared Ownership

This home is available to buy from as little as £70,000 with a 40% share!

Situated in a popular modern development and within easy reach of Basingstoke train station, The M3 motorway and Festival Place shopping centre is this spacious second floor apartment available via the Shared Ownership scheme.

Available immediately with no chain, the accommodation includes: entrance hall, an open plan lounge/kitchen/diner, two bedrooms and a bathroom. Externally is an allocated parking space with further visitor bays available.

PRICING & AFFORDABILITY

Approximate Size 56 sq m

Full Market Value: £175,000

40% Share Price: £70,000 (rent £240.63pcm)
50% Share Price: £87,500 (rent £200.52pcm)
75% Share Price: £131,250 (rent £100.26pcm)

Minimum 5% Mortgage Deposit (40% share): £3,500

Approximate Service Charges: £136.87 pcm*

ELIGIBILITY

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 Skippetts Gardens 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 this shared ownership home 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.
' Have a local area connection to Basingstoke & Deane. This includes living and/or working in the Borough or having a direct family connection

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.

*Service charges are estimated and may subject to change.

** These photos are for information purposes only have been digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images. Furniture is not included in the purchase price and the apartment is `sold as seen'.

 

Call the Shared Ownership branch on 01344 835 715