About This Apartment

Plot 198 is a new 2 bedroom Shared Ownership apartment located on the third floor at Rivermead Gardens in Alton.

Spread across 781 sqft, the apartment includes an open-plan kitchen/living area with integrated appliances and a freestanding washer/dryer, with allocated parking and cycle storage.

Located a short walk from Alton high street, the apartments at Rivermead Gardens are conveniently located with access to a wide range of shops, supermarkets, cafes, restaurants and green spaces. Alton train station is within walking distance , providing direct access to London Waterloo in just over an hour, perfect for commuters.

All apartments are available to purchase with Shared Ownership from a 25% share. The price shown reflects purchasing a 25% share of the property's full market value.

Financial Breakdown:

Full Market Value: £285,000
25% Share Value: £71,250
5% Deposit of Share Value: £3,563
Rent on Unowned Share (75%): £490 per month
Service Charge: £252.34 per month
Estimated monthly cost: £1,134
Council Tax: TBC*

These figures are a guideline and may vary according to individual incomes and circumstances. Please speak to one of our sales consultants for a detailed breakdown.

About Rivermead Gardens, Alton

A delightful and thriving community, Alton is a market town in East Hampshire and offers a mix of historic buildings and modern shops. The River Wey runs through Rivermead Gardens and there are walking paths around Kings Pond nearby for you to enjoy.

The homes at Rivermead Gardens are in a great location for any travel, with the rail station and the A31 and M3 nearby which give easy access to nearby towns, attractions and London. From Alton Train Station, you can be in Farnham in 12 minutes, Woking in 36 minutes, Guildford in 43 minutes or London Waterloo in just over an hour.

What is Shared Ownership?

Shared Ownership offers you the chance to buy a share of your home (usually between 25% and 75%) and pay rent on the remaining share. Later on, you could buy more shares of your new home when you can afford to and, if you chose, own the property outright. Monthly costs to purchase a home via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.

Eligibility Criteria:

Priority will be given to applicants with a live/work or family connection to the Parish of Alton or East Hampshire District. To be eligible for a home here you'll need to:

Have a combined household income under £90,000 per annum
Not already own a property, or part of a property, at the time of completing on your purchase
Be unable to purchase a suitable home to meet your housing needs on the open market
Have a minimum of £5,000 to cover the costs of buying a home

If you don't meet the eligibility criteria for this development, you may still qualify for a shared ownership purchase at one of our others, so take a look at our website for more information.

*Council tax bands are often not released until the property is complete. If you need any guidance, please get in touch with one of our sales consultants. Images shown are computer generated and indicative only.

A delightful and thriving community awaits you A beautiful collection of 1 and 2 bedroom apartments available with Shared Ownership set in the desirable market town of Alton, East Hampshire. Rivermead Gardens is perfect for commuters, with Alton railway station within walking distance, offering regular services directly into London Waterloo in just over an hour, meaning you can enjoy the best of both worlds. Living here you'll be conveniently located within walking distance to a range of local amenities including independent stores, supermarkets, cafes, restaurants and green open spaces. The River Wey runs through Rivermead Gardens and there are walking paths around Kings Pond nearby for you to enjoy. Your new home has been built around your lifestyle including modern, open plan living areas that are full of natural light. Kitchens are streamlined and well equipped with a range of integrated appliances, you'll also have a freestanding washer/dryer and each home comes with allocated parking. Financial Breakdown: Full Market Value: £202,500 - £290,000 25% Share Value: £50,625 - £72,500 5% Deposit of 25% Share: £2,532 - £3,625 Rent on Unowned Share (75%): £348 - £486 per month Service Charge: £189.43 - £317.92 per month Estimated monthly cost: £846 - £1,198 Council Tax: TBC* What is Shared Ownership? Shared Ownership is a more affordable way to have the security and stability of owning your own home. Shared Ownership is a government backed part buy/part rent scheme designed to help you take that first step on the property ladder. The scheme enables buyers to purchase a share of the value of the home - this is usually between 25 to 75 percent of the value of the property - and pay a subsidised rent on the remaining portion. You have the option to buy a bigger share in the property at a later date (known as Staircasing). Eligibility Criteria: Priority will be given to applicants with a live/work or family connection to the Parish of Alton or East Hampshire District. To be eligible for a home at Rivermead Gardens, you'll need to: Have a combined household income under £80,000 per annum Not already own a property, or part of a property, at the time of completing on your purchase Be unable to purchase a suitable home to meet your housing needs on the open market Have a minimum of £5,000 to cover the costs of buying a home Priority will be given to applicants with a live/work or family connection to the Parish of Alton or East Hampshire District Council Tax: TBC Council tax bands are often not released until the property is complete. If you need any guidance, please get in touch with our Sales Consultants otherwise the local authority or the developer may be able to help.

2 bedroom flat for sale

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