* Leasehold
* Modern shared ownership apartment
* Two bedrooms
* Top floor
* Parking
* Open plan lounge/diner with separate kitchen
* Available immediately
Shared Ownership
This home is available to buy from as little as £76, 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 top floor apartment available via the Shared Ownership scheme.
Available immediately with no chain, the accommodation includes: Entrance
hall, an open plan lounge/diner with a separate kitchen, two bedrooms and a
bathroom. Externally is an allocated parking space with further visitor bays
available.
Pricing & affordability
Approximate Size 76 sq m
Full Market Value: £190, 000
40% Share Price: £76, 000 (rent £261. 25pcm)
50% Share Price: £95, 000 (rent £217. 71pcm)
75% Share Price: £142, 500 (rent £108. 85pcm)
Minimum 5% Mortgage Deposit (40% share): £3, 800
Approximate Service Charges: £236. 79 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 Skippetts Gardens you can buy a minimum 40% 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.
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.
**Local area connection**
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.
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 have been digitally
furnished to represent how the home could be laid out; the final
colours/appearance/specification may differ from the images. Furniture is not
included in the purchase price and the apartment is ‘sold as seen’.

Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)

Similar properties: