2 bedroom apartment for sale
Appleton Drive, Basingstoke, RG24 9RX
Share percentage 40%, full price £180,000, £3,600 Min Deposit.
Share percentage 40%, full price £180,000, £3,600 Min Deposit.
Monthly Cost: £840
Rent £298,
Service charge £141,
Mortgage £401*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Basingstoke, Hampshire
Description
Spacious apartment withtwo bedrooms inBasingstoke available for shared ownership. This apartment comprises of open plan living area with a fitted kitchen, entrance hallway with storage, master bedroom, a single bedroom, and bathroom with bathtub. The property also includes communal grounds and parking space.
- Minimum income requirement - £25,649
- Income requirement reduces if a higher deposit's available
- Buy more shares for a minimum of 10%
Available for £72,000 for 40% share based on the marketing figure of £180,000.
Monthly rent - £298.11
Monthly Service Charge - £141.42
Total Monthly Charge - £439.53 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationThe property is situated 2 miles to the north of the centre of Basingstoke and benefits from close proximity to the A33 and A339.
There are 17 schools within 1.5 mile. Nearesttrain stations are Basingstoke (1.4 miles) & Bramley (Hants) (3.1 miles).
Energy Rating Band - B
Environmental Impact Band - B
Lounge & kitchen:
6.4m x 3.2m
Bedroom 1:
3.9m x 3m
Bedroom 2:
3.3m x 1.9m
Bathroom:
2.1m x 1.9m
Hallway:
3m x 2m
The gross internal floor area amounts to 53m2.
Years remaining on lease: 84
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Other informationAll room dimensions approximate.
Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.
Key Features
- Two bedrooms
- Ground floor
- Allocated off-street parking space
- Communal garden area
- Good condition
- Close to local amenities
- Available for 40% share
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Map
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 40%, full price £180,000, £3,600 Min Deposit. Calculated using a representative rate of 5.03%
