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£140,000
This superb modern home is available to buy from as little as £140,000 with a 40% 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 £350,000 and a purchaser would not need to meet the eligibility criteria listed above.
A modern mid terrace home, presented in good order throughout and situated in a popular residential area.
The accommodation includes an entrance hall, cloakroom, spacious kitchen/diner and a separate lounge on the ground floor. Upstairs, there are two well proportioned bedrooms and a contemporary family bathroom. Outside, the property benefits from a private rear garden with patio and lawn areas, plus a useful shed for storage. To the front is an allocated parking space.
The property is conveniently located for a range of day to day amenities. Nearby you’ll find local shops, supermarkets, cafés and takeaways, as well as healthcare facilities and leisure options. There are also well-regarded schools in the area and plenty of green spaces, parks and countryside walks close by, making the location appealing for families and those who enjoy outdoor living. Tadley and the surrounding villages offer a friendly community feel with regular local events and services.
Minerva Road is well placed for commuters. Road connections via the A340 and A339 provide straightforward access to Basingstoke, Reading and the M4. Mainline rail services from nearby stations offer routes to London and other major towns, making this a practical base for commuting. Local bus routes also serve the area, connecting you to surrounding towns and amenities.
PRICING & AFFORDABILITY
Full Market Value: £350,000
40% Share Price: £140,000 (rent £461.57pcm)
Minimum 5% Mortgage Deposit (40% share): £7,000
Approximate Service Charges: £55.08pcm*
Lease: 120 years remaining
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