1 bedroom apartment for sale
Warner Close, RG24 9RY
Share percentage 40%, full price £160,000, £3,200 Min Deposit.
Share percentage 40%, full price £160,000, £3,200 Min Deposit
Monthly Cost: £804
Rent £376,
Service charge £80,
Mortgage £348*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
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.
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. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £160,000 and a purchaser would not need to meet the eligibility criteria listed above.
Summary
This superb modern home is available to buy from as little as £64,000 with a 40% share!
Description
This superb modern home is available to buy from as little as £64,000 with a 40% share!
Located in the popular Basingstoke area, this spacious ground floor flat offers a bright, practical layout ideal for first-time buyers, downsizers, or investors seeking a low-maintenance home in a well-connected location. The property features a generously sized double bedroom with plenty of natural light, a modern bathroom, and a large open-plan living area that seamlessly integrates with a well-equipped kitchen, providing the perfect space for relaxing evenings or hosting friends.
Outside, you will find well-maintained communal grounds and ample parking for residents and visitors, ensuring convenience for your day-to-day living. The flat comes with a long lease that will be extended upon sale, giving buyers peace of mind for the future.
The location offers the best of Basingstoke living, with excellent access to local shops, supermarkets, and cafes, while Festival Place shopping centre and The Anvil theatre are just a short distance away for entertainment and dining. For commuters, Basingstoke train station provides fast and direct services to London Waterloo, while the nearby M3 and A33 ensure straightforward road connections to Reading, London, and the south coast. Local green spaces and parks add to the appeal, making it easy to enjoy a balanced lifestyle between town amenities and outdoor relaxation.
PRICING & AFFORDABILITY
Full Market Value: £160,000
40% Share Price: £64,000 (rent £376pcm)
Minimum 5% Mortgage Deposit (40% share): £3,200
Approximate Service Charges: £80.40pcm*
Lease: 79 years (Extended on completion)
Key Features
Modern Shared ownership home
One Bedroom
One Bathroom
Open Plan Living/Kitchen
Allocated Parking
Particulars
Tenure: Leasehold
Lease Length: 79 years
Council Tax Band: B
Map
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
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 £160,000, £3,200 Min Deposit. Calculated using a representative rate of 4.78%
