1 bedroom apartment for sale

Available

John Hunt Drive, RG24 9TX

£116,250 · Shared Ownership Resale

Share percentage 75%, full price £155,000, £5,813 Min Deposit.

Available
1 bedroom
1 Bathroom
Private Balcony/Terrace
Parking
£116,250 Shared Ownership Resale · Eligibility Eligibility

Share percentage 75%, full price £155,000, £5,813 Min Deposit.

Monthly Cost: £783
Rent £75, Service charge £129, Mortgage £579*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

£
Eligibility

Minimum household income requirement: £28,665 PA^

Deposit: If you will be obtaining a mortgage you will need at least £5,813 in savings (i.e. a 5% deposit).

^If your deposit is more than 5%, the minimum income requirements may be less. Please contact us for further details.

Application process: A financial assessment must be completed before any physical viewing can take place. This forms part of Home Group’s buyer approval process. These assessments are carried out remotely by The Mortgage People. Once you have confirmed an interest in purchasing a property, the contact details will be made available.

We will not carry out any credit checks or contact any reference agencies without your written consent.

Help to Buy Agent: In order to apply you must be registered with Help to Buy South https://helptobuyagent3.org.uk/user/. You will need to provide your HTB reference when completing the application process.

Current homeowners: Anyone who currently owns a home must have a sale agreed to apply.

Pets: Pets are not permitted in buildings with communal areas.

Local connection: Applicants must have a local connection to BASINGSTOKE.


- Viewings -

Viewings are held strictly by appointment - call today for more information.

Only those who have physically viewed the property are able to apply. If you have viewed and would like to apply please register your interest with the Resales Team.

Summary

1 bed flat in Basingstoke- could this be your new home?

Description

***Please quote JOH234 when enquiring.***

- Introduction -

Look no further if you’re looking for a new place to call home! Perfect for first time buyers, this 1-bed flat is ideally located close to Basingstoke. With enviable views, you’ll love the privacy and convenience of local services being close at hand.

- What the owner says -

“The flat is in a small quiet block of 5 flats, with allocated parking, a good-sized double bedroom and ample sized bathroom. There is a balcony that overlooks the immediate area. The flat overlooks a small play park with views out to local roads. Basing woods are a short distance away. Within walking distance there is a doctor’s surgery, dentist, pharmacy, and small parade of shops. Chineham shopping centre is a short drive away.”

Shared ownership is a government backed scheme that can be a stepping stone to completely owning your own home. If you’re finding it difficult to save for a deposit this is a great option as the amount you’ll need is based on the share you’re buying. At this property a 5% deposit is within reach - just £5,813 for a 75% share!

- Costs –

Current charges:

PRICE - £116,250*

RENT - £75.12pm

SERVICE CHARGE - £128.53pm**

Charges from 1st April 2022:

RENT - £79.18pm

SERVICE CHARGE - £142.42pm

*This represents a 75% share of the full open market value of £155,000

**This includes: management charge, service charge, building insurance and sinking fund. Rent and service charges are reviewed annually on 1st April.

- General Information -

Tenure: Leasehold

Lease: 125 years from 1 January 2011

Years remaining on lease: 114 approx.

Approximate internal area: 45 sq. m.

Local authority: Basingstoke & Deane Borough Council

Council tax band: B

EPC rating: B (81)

Key Features
  • *£116,250 for a 75% share under the Shared ownership scheme
  • Only £5,813 for a 5% deposit!
  • Telephone entry system
  • Open plan kitchen and lounge
  • Allocated off-street parking, bin and cycle store
  • Balcony overlooks well maintained communal grounds
  • Gas central heating with double glazing throughout
  • Walking distance to public transport links and main town centre
  • Easy access to M3 and A33 for Reading
  • You can purchase more shares up to 100% when the time is right for you
Property Downloads
Energy Certificate
Map
Basingstoke (1.06 miles) Bramley (Hants) (3.36 miles) Hook (5.18 miles)
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.

Read More Read Less
  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.

NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.

£116,250
Shared Ownership Resale
Estimated Monthly Cost:£783
Rent £75
Service Charge £129
Mortgage £579

Share percentage 75%, full price £155,000, £5,813 Min Deposit. Calculated using a representative rate of 3.94%


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.