3 bedroom house for sale
Draper Close, Andover, Hampshire, SP11 6YR
Share percentage 50%, full price £340,000, £17,000 Min Deposit.
Share percentage 50%, full price £340,000, £17,000 Min Deposit.
Monthly Cost: £1,332
Rent £437,
Service charge £37,
Mortgage £858*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Three Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A great chance to buy a spacious, shared-ownership family home. This mid-terrace property was built approximately six years ago and appears to have been very well looked after by the current owners. The attractive kitchen receives plenty of natural light, thanks to a large, south-west-facing window. There is a cloakroom and under-stairs storage in the centre of the house and a living room with conservatory and access to the rear garden. On the first floor is the bathroom and two good-sized bedroom while the top floor is devoted to an eighteen-foot main bedroom with windows at either end. Well insulated walls, roof and floor, high performance glazing and a modern gas central heating system all contribute towards a very good energy-efficiency rating. The property comes with a car port plus an additional space. Andover Railway Station and the town centre are also within comfortable cycling distance.
SHARED OWNERSHIP (Advertised price represents 50% share. Full market value £340,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/4cxr63mz]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 01/03/2018).
Minimum Share: 50% (£170,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £437.24 per month (subject to annual review).
Service Charge: £37.05 per month (subject to annual review).
Ground Rent: £200.00 for the year.
Guideline Minimum Income: Dual - £45,700 | Single - £52,300 (based on minimum share and 10% deposit).
Council Tax: Band D, Test Valley Borough Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.
Key Features
- Guideline Minimum Deposit £17,000
- Guideline Income £45.7k (dual) | £52.3k (single)
- Three Storey, Three Bedroom, Mid Terrace House
- Approx. 1128 Sqft Gross Internal Area
- Bathroom plus Ground Floor Cloakroom
- Very Good Energy-Efficiency Rating
- Conservatory and Rear Garden
- Two Parking Spaces (one covered)
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan BrochureMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 50%, full price £340,000, £17,000 Min Deposit. Calculated using a representative rate of 4.59%