Egerton Drive, Basingstoke, RG24
- Modern Shared Ownership apartment
- Ground floor
- Two double bedrooms
- En suite
- Easy access to M3
This modern ground floor apartment is available to buy from as little as £92,500 with a 50% share!
A superb ground floor modern apartment, situated in a popular modern development and close to local amenities. The well-presented accommodation comprises: entrance hall, an open plan lounge/dining room with a bay window and opening through to the kitchen. There are two double bedrooms (master with en suite) and a family bathroom. The apartment benefits from ample storage space and comes with allocated parking.
Marnel Park is located to the north of Basingstoke's Town Centre. There is a wide range of shopping and recreational facilities as well as transport links. The bus station and mainline railway station which is well served with regular commuter services to London Waterloo in approximately 47 minutes. The M3 motorway runs just south of Basingstoke with access to London and The South. Closer by there is a large supermarket, convenience store and good bus links around the town as well as the local primary and secondary schools.
PRICING & AFFORDABILITY
Approximate Size 57 sq m
Full Market Value: £185,000
50% Share Price: £92,500 (rent £245.71pcm)
Minimum 5% Mortgage Deposit (50% share): £4,625
Approximate Service Charges: £78.44 pcm*
Lease: Approximately 112 years remaining (125 years from 2008)
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 Egerton Drive 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 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
' 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.