2 bedroom apartment for sale

Shared Ownership

This superb modern home is available to buy from as little as £75,000 with a 50% share!

Located in the popular residential area of Hibiscus Crescent, this well-presented second-floor apartment offers bright, comfortable living in a peaceful setting. The home feels inviting from the moment you step inside, with a central hallway that leads naturally into each room, creating an easy and practical flow throughout.The spacious living room provides an ideal area for relaxing or entertaining, featuring a generous layout and a welcoming atmosphere. Adjacent is the modern kitchen, neatly arranged with ample storage and worktop space, perfect for everyday cooking and convenient mealtimes.
The property includes two well-proportioned bedrooms, both offering flexible space for furnishings and personal touches. Whether used as sleeping accommodation, a guest room, or a home office, each room feels private and comfortable. The bathroom is thoughtfully designed, with a clean and functional layout to suit daily routines. This property also has the unusual benefit of two allocated parking spaces at the rear of the building.

Yew Court enjoys an excellent position within Hibiscus Crescent, a well-regarded area of Andover known for its friendly community feel and convenient access to everyday essentials. Local shops, supermarkets, cafés, and leisure facilities are all within easy reach, making day-to-day living straightforward and enjoyable. Green spaces and parks nearby offer pleasant spots for walking and outdoor relaxation. The location is also ideal for commuters, with reliable transport links including regular bus services and easy access to major routes such as the A303, connecting to Salisbury, Winchester, and beyond. Andover railway station provides direct services to London and other key destinations, ensuring excellent connectivity for both work and leisure travel.

PRICING & AFFORDABILITY

Full Market Value: £150,000

50% Share Price: £75,000 (rent £233.88 pcm)
Minimum 5% Mortgage Deposit (50% share): £3,750
Approximate Service Charges: £89.41 pcm*
Lease: 76 years (the lease will be extended by the seller on completion)

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.

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.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

* This home can also be purchased outright (100% of the value) which is £150,000 and a purchaser would not need to meet the eligibility criteria listed above.