This property is no longer on the market
2 bedroom semi-detached house
Key information
Property description & features
- Tenure: Leasehold (124 years remaining)
- Brand new Shared Ownership home
- Lounge/diner
- Easy access to M3 & Overton station
- Parking
- Garden
- Superb village location
Shared Ownership
This brand new home is available to buy from as little as £155,000 with a 50% share!
An exceptional lifestyle awaits you at stunning Sovereign Gate in the thriving village of Overton. Situated just a 17 minute drive from Basingstoke, you will benefit from being near some of England's most impressive landscapes. Living so close to nature is priceless, making you cherish those morning walks, cycling to the shops and walking the children to school.
Overton has so much to offer, from its train station, local shops and cafés to its restaurants and leisure venues. Sip coffee by the village square or pop into the greengrocers. Overton has a doctors' surgery, dentist, pharmacy and vet's surgery. Shop at a choice of convenience stores, or drive a few minutes to a supermarket, including a Waitrose & Partners in Basingstoke. There's a choice of country pubs within a short walk, perfect for meeting up with family and friends.
For exercise and activities, you'll find 30 acres of open spaces and facilities, including floodlit tennis courts and clubs for everything from football, rugby and cricket, to running and Taekwondo. Lordsfield Swimming Club is just a 15 minute walk away, with classes in the early morning and evening sessions. Town Meadow has a 9-hole golf course, while Basingstoke Golf Centre has a public course and is home to Knight's Realm family adventure golf. Basingstoke Aquadrome is just a 13 minute drive away and offers swimming pools, a gym, and fitness classes.
This brand new semi detached home has accommodation that features a kitchen at the back of the house with a separate lounge/diner, ground floor cloakroom, two bedrooms, bathroom, parking and a private garden.
PRICING & AFFORDABILITY
Approximate Size 759 sq ft
Full Market Value: £310,000
50% Share Price: £155,000 (rent £355.21pcm)
60% Share Price: £186,000 (rent £284.17pcm)
75% Share Price: £232,500 (rent £177.60pcm)
Minimum 5% Mortgage Deposit (50% share): £7,750
Approximate Service Charges: £68.69 pcm*
Shared Ownership Lease: 125 years
Council Tax Band: TBC
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.
At Sovereign Gate 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.
Local Connection to Basingstoke and Deane Required. There is a local connection clause related to this property and this means that applications can only be received from someone with connection to the local area, via work, family or currently living in the borough in accommodation that does not fit their needs.
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.
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 and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or 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 and are not plot specific. 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 Homes. Sage Homes is a Registered Provider committed to providing high quality affordable homes across England. For more information on Sage Homes visit .
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*DISCLAIMER
Property reference SDO240052. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by SOWN - National.
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Broadband availability and predicted speed: obtained from Ofcom on April 10, 2023
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on April 10, 2023
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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