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Shared ownership
£80,000

1 bedroom maisonette for sale

Oxendown, Meonstoke, Southampton
Chain-free
Recently added
Maisonette
1 bed
1 bath
Added < 7 days

Key information

TenureLeasehold | unconfirmed share | 165 yrs left
Service charge£1,848.24 per annum
Council taxAsk agent
BroadbandSuper-fast 80Mbps *

Features and description

  • Modern Shared Ownership home
  • Garage
  • Ground floor
  • Extended lease
  • Spacious rooms
  • No onward chain
Shared Ownership

This modern home is available to buy from as little as £80,000 with a 40% share!

Offered for sale with no onward chain and with an extended lease, this well proportioned ground floor maisonette is situated in the desirable village of Meonstoke, within the sought after Meon Valley.

The property offers a spacious and practical layout with accommodation comprising an entrance hall, a generous lounge/diner with bay window providing plenty of natural light, and a separate kitchen fitted with a range of units and space for appliances. The double bedroom benefits from built-in storage, while the accommodation is completed by a bathroom. Externally, the property benefits from a nearby garage.

Residents of Meonstoke enjoy a charming village setting with a range of local amenities nearby. The neighbouring village of Corhampton offers a well-regarded village shop and café, while the nearby market town of Bishops Waltham provides a wider selection of independent shops, restaurants, cafés and everyday conveniences. The surrounding Meon Valley also offers beautiful countryside walks and outdoor pursuits, all within the South Downs National Park, making the area particularly popular for those seeking a blend of rural charm and practical amenities.

Transport links are excellent, with easy access to the nearby market town of Bishops Waltham and the historic city of Winchester, both offering a wide range of shopping, dining and leisure facilities. Mainline railway stations can be found at Botley railway station and Winchester railway station, providing regular services to London Waterloo. The nearby M27 motorway also provides convenient access to Southampton, Portsmouth and the wider motorway network, making the location ideal for commuters.

PRICING & AFFORDABILITY

Full Market Value: £200,000

40% Share Price: £80,000 (rent £319.66pcm)
Minimum 5% Mortgage Deposit (40% share): £4,000
Approximate Service Charges: £154.02 pcm*
Lease: the current owners are extending the lease as part of the sale to 165 years.

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.

Property information from this agent

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Area statistics

Crime score
Low crime
0/10
Home prices (average)
1 bedroom maisonettes
£181,814

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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