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2 Bedroom Flat

Aspen House, The Hollies, Mapledurwell, RG24

£ 87,500

Call the Shared Ownership branch on 01344 835 715

Features:

  • Modern Shared Ownership apartment
  • Ground floor
  • Refitted kitchen
  • Two double bedrooms
  • Allocated parking
  • Easy access to M3

 

Property Description:

Shared Ownership

This modern ground floor apartment is available to buy from as little as £87,500 with a 50% share!

Situated on the Ground floor of this popular development in Old Basing, is this well presented apartment available via the Shared Ownership Scheme. The accommodation comprises a large entrance hall leading to a generous lounge/diner with a separate refitted modern kitchen. There are two double bedrooms and refitted family bathroom. Throughout the apartment there is ample storage within the property and externally the property has an allocated parking space, further visitor bays, bicycle and bin stores and secure telephone entry system.

Old Basing is tucked away on the outskirts of Basingstoke but perfectly placed for commuters needing easy access to the M3 or A30/A33. A short walk away is the local pub/restaurant `The Hatch' and if you head into Old Basing village itself, you will find good local amenities and popular infant and junior schools. Going further afield, Aspen House is just a short drive from Basingstoke town centre and the wide range of amenities that Basingstoke has to offer. This apartment is under two miles from junction 6 of the M3 motorway, as well as being approximately three miles from Basingstoke train station, which offers a direct service into London Waterloo. For those who don't drive, there is a bus stop nearby which offers a regular bus service into the town centre.

PRICING & AFFORDABILITY

Approximate Size 62 sq m

Full Market Value: £175,000

50% Share Price: £87,500 (rent £397.97pcm)

Minimum 10% Mortgage Deposit (50% share): £8,750

Approximate Service Charges: £79.96 pcm*

Lease: Approximately 110 years remaining

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 Aspen House you can buy a minimum 50% 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 a maximum share of 75% with this home. There is not the opportunity to buy this flat outright and 75% is the maximum share available now and in the future.

To be eligible for this shared ownership home you would need to meet the following criteria:

' Your 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.

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.

 

Call the Shared Ownership branch on 01344 835 715