Share Price £68,250 (from 35% Min. Share)

Full Value £195,000 | £3,413 Min. Deposit

Scheme: Shared Ownership

Under offer

Forest Mews - 2 bed apartment in Andover - Hampshire

place Olympic Park Road, SP11 6RX

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Eligibility

Shared Ownership is an excellent way for people who are unable to buy on the open market to take their first step onto the property ladder. Under the Shared Ownership scheme, you buy a share of the property’s value and pay a subsidised rent on the remaining share. A key advantage is that, as part-owner, you have a stability of tenure that renting cannot offer. Over time, you can buy more of the property until you own 100%.

You will need a small deposit at the outset – generally a minimum of 5% of your share, subject to conditions – and you will need to raise a mortgage on the rest of the sum required.

There are certain conditions to be eligible for a Shared Ownership property:

  • Your annual household income must be no more than £80,000.
  • You must be unable to purchase a home suitable for your needs without assistance.
  • You must not have any outstanding credit issues (i.e. unsatisfied defaults or county court judgments).
  • You must be a first-time buyer. If you already own a home and need to move but cannot afford to, or you have equity from a recent sale, please contact us, as there are some circumstances under which you may still be eligible.
  • Applicants who live or work in the Andover area will be prioritised

Description

The best of city and country

Forest Mews is situated on the edge the historic market town of Andover and offers a choice of two and three bedroom homes available through shared ownership.

  • On the edge of the attractive historic market town of Andover and near the North Wessex Downs
  • Excellent transport links, with Andover station linking to London Waterloo in just over an hour. The A303 easily links to the M3 with access to Salisbury, Swindon and Southampton Airport
  • Range of amenities in Andover including cafes, restaurants, shops, a theatre, a cinema and a leisure centre
  • Local amenities right on the doorstep for everyday needs
  • A number of high quality schools nearby
  • Bright and airy homes with contemporary interiors
  • Minimum of one parking space

To book an appointment or if you have any questions, please contact the Customer Service Team – Sales as soon as possible - call 0300 100 0309

For further details on Shared Ownership please visit myclarionhousing.com/sharedownership.

We look forward to seeing you.

Please note:

All images displayed throughout are examples of previous Clarion developments and are not indicative of the specification at this development and may not correspond exactly to the available properties described.


Key Features

Kitchen/Living areas

  • Fully fitted kitchen units and worktops
  • Stainless steel single oven, 4-burner gas hob and extractor hood
  • Stainless steel sink with mixer tap

Bathroom

  • Roca WC and Washbasin
  • Full height tiling around bath
  • Wall mounted shower and bath mixer

Fittings

  • Pendant light fittings

General

  • Parking available
  • Predicted energy efficiency rating A

*Please note, whilst every effort has been taken to ensure that the information here is correct, it has been supplied as a guide. Clarion Housing reserves the right to amend the specification as necessary and without notification.


Download Documents

Property brochure 1 Property price list

Accessibility

F – General Needs

General needs housing does not meet any of the above criteria. Properties in this category will have more than four steps or a ramp access that is steeper than 1:10 to access the property front door. These properties should be marketed with the number of steps to access the property as this will provide an additional factor for helping people choosing what to bid for.


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arrow_backwards Back to Forest Mews - 2 bed apartment in Andover - Hampshire

Calculate Monthly Cost

Share price
£ 68,250
Min. £68,250
Share percentage
Min. 35%
Your deposit
Min. £3,413
Monthly cost*
£668
Cost breakdown
£290
Rent
£36
Service charge
£342
Mortgage*
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Location

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.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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.