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1 bedroom apartment for sale

Available

Alencon Link, RG21 7AQ

£45,000 · Shared Ownership Resale

Share percentage 30%, full price £150,000, £2,250 Min Deposit.

Available
1 bedroom
1 Bathroom
Floor plan
floor-plan
Floor plan
floor-plan
£45,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 30%, full price £150,000, £2,250 Min Deposit.

Monthly Cost: £694
Rent £241, Service charge £202, Mortgage £251*

Calculated using a representative rate of 5.03%

Calculate estimated monthly costs

£
Eligibility

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. ***Local Connection to Basingstoke and Deane Required. 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.*** 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.

Summary

This modern apartment is available to buy from as little as £45,000 with a 30% share!

Description

A fantastic modern apartment, situated within this popular development in the centre of Basingstoke. The well-presented accommodation comprises: entrance hall, a large open plan living/dining room opening into the kitchen, family bathroom and a spacious double bedroom. The apartment further benefits from ample storage space and a town centre location. Skyline Plaza is a sought after residential development providing excellent transport links. There are a range of local amenities within close proximity including Festival Place shopping centre, Waitrose supermarket and Basingstoke mainline Train Station. PRICING & AFFORDABILITY Approximate Size 54 sq m Full Market Value: £150,000 30% Share Price: £45,000 (rent £240.63pcm) 50% Share Price: £75,000 (rent £171.88pcm) 75% Share Price: £112,500 (rent £85.94pcm) Minimum 5% Mortgage Deposit (30% share): £2,250 Approximate Service Charges: £202.37pcm* Shared Ownership Lease: 132 approx. years Council Tax Band: B

Key Features

Modern Shared Ownership home

Close to town centre

Chain free

Lift

Open plan living

Available immediately

Particulars

Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: B

Property Downloads
Floor Plan
Map
Basingstoke (0.17 miles) Bramley (Hants) (4.46 miles) Hook (5.30 miles)
Material Information

Total rooms:

Furnished: Enquire with provider

Washing Machine: Enquire with provider

Dishwasher: Enquire with provider

Fridge/Freezer: Enquire with provider

Parking: n/a

Outside Space/Garden: n/a

Year property was built: Enquire with provider

Unit size: Enquire with provider

Accessible measures: Enquire with provider

Heating: Enquire with provider

Sewerage: Enquire with provider

Water: Enquire with provider

Electricity: Enquire with provider

Broadband: Enquire with provider

Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£45,000
Shared Ownership Resale
Estimated Monthly Cost:£694
Rent £241
Service Charge £202
Mortgage £251

Share percentage 30%, full price £150,000, £2,250 Min Deposit. Calculated using a representative rate of 5.03%


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Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.