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£97,500
This superb modern home is available to buy from as little as £97,500 with a 50% share!
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 £195,000 and a purchaser would not need to meet the eligibility criteria listed above.
Situated on Ackender Road in the heart of Alton, this well-presented ground-floor home offers a practical and comfortable layout ideal for first-time buyers, downsizers, or investors. The property benefits from a clear separation between living and sleeping accommodation, creating a sense of space and functionality throughout.
The living and dining area forms the hub of the home, providing a versatile setting for everyday living and entertaining. Natural light enhances the space, while direct access leads through to the rest of the property with ease. Adjacent to this, the kitchen is thoughtfully arranged to maximise storage and work surfaces, making it well suited for both daily use and more considered cooking.
The bedroom is positioned to offer privacy and a calm retreat, comfortably accommodating bedroom furniture without compromise. The bathroom is centrally located and fitted with modern sanitary ware, serving the property efficiently.
A notable feature is the private patio area, extending the living space outdoors and offering an excellent spot for relaxing or entertaining in warmer months. With its convenient location close to local amenities, transport links, and the town centre, this property represents a balanced combination of comfort, practicality, and accessibility.
PRICING & AFFORDABILITY
Full Market Value: £195,000
50% Share Price: £97,500 (rent £302.63 pcm)
Minimum 5% Mortgage Deposit (% share): £4,875
Approximate Service Charges: £101.60 pcm*
Lease: 107 years
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.
Sown Shared Ownership