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Shared ownership
£65,000

1 bedroom apartment for sale

Skippetts Gardens, Basingstoke, Hampshire
Added today
Apartment
1 bed
1 bath
Added today

Key information

TenureLeasehold | unconfirmed share | 107 yrs left
Service charge£1,903.80 per annum
Council taxAsk agent
BroadbandSuper-fast 80Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Modern Shared Ownership home
  • Ground floor
  • Superb condition
  • Allocated parking
  • Excellent travel links
  • Local area connection to Basingstoke and Deane required
Shared Ownership

This home is available to buy from as little as £65,000 with a 40% share!

Situated in a popular modern development and within easy reach of Basingstoke train station, The M3 motorway and Festival Place shopping centre is this spacious ground floor apartment available via the Shared Ownership scheme.

Presented in superb condition throughout, the accommodation includes: entrance hall with storage, an open plan lounge/kitchen/diner with doors that open to communal gardens, a spacious double bedroom, a lavish bathroom and an allocated parking space.

PLEASE NOTE: You must have a local area connection to Basingstoke & Deane. This includes living and/or working in the Borough or having a direct family connection.

PRICING & AFFORDABILITY

Full Market Value: £162,500

40% Share Price: £65,000 (rent £284.27pcm)
Minimum 5% Mortgage Deposit (40% share): £3,250
Approximate Service Charges: £158.65pcm*
Lease: 107 years remaining

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.
• Have a local area connection to Basingstoke & Deane. This includes living and/or working in the Borough or having a direct family connection

*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.

Property information from this agent

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About this agent

SOWN - National
SOWN - National
Crowthorne House, Nine Mile Ride Wokingham RG40 3GZ
023 8221 9179
Full profileProperty listings
Evolved from Leaders Romans Group in 2018, SOWN is a dedicated shared ownership brand. We provide a full sales and marketing service on behalf of Housing Associations across the UK, for both new-build and re-sale shared ownership homes. Our specialist team focuses exclusively on shared ownership, which allows us to give the shared ownership market the attention it deserves. We're currently operating out of hubs in Wokingham, London and Nottingham. At SOWN, we take care of everything. As part of the 40-year-strong Leaders Romans Group, we offer a comprehensive range of property services for landlords, buyers, sellers, property developers and Housing Associations. Whether it's residential sales and auctions, mortgages and financial advice, build to rent, new homes, surveys, lettings, or planning and architecture; our experts will guide you every step of the way. Our formula for getting shared ownership right is setting up dedicated and highly experienced teams for every stage of the process. Our Pre-sales team handles all enquiries, which are then passed onto the Move Managers (sales progressors). We can also provide buyers with access to surveyors, legal services and our specialist mortgage advisor, Mortgage Scout, for support and up-to-the-minute advice. Ready to start your shared ownership journey? To find out how SOWN can help you find your dream home, contact us today.
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