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£164,000
This superb modern home is available to buy from as little as £164,000 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.
A fantastic opportunity to purchase this well-presented and generously proportioned home, ideally situated in a sought-after area of Romsey. Offering bright and versatile accommodation throughout, this property is perfectly suited to first-time buyers, growing families or those looking to upsize.
The property features a spacious and inviting living area, ideal for both relaxing and entertaining, along with a well-appointed kitchen offering ample storage and workspace. The layout has been thoughtfully designed to provide comfortable and practical living, and also benefits from a convenient downstairs WC, adding extra practicality for guests and everyday family life.
There are well-sized bedrooms that offer flexibility for family life, guests or working from home, continuing the home’s theme of space and versatility.
Externally, the property benefits from a private outdoor space, perfect for enjoying warmer months, as well as convenient parking.
Romsey town centre is within easy reach, providing a wide range of shops, cafés, restaurants and everyday amenities. The area is also well served by highly regarded local schools. For commuters, there are excellent transport links nearby, including Romsey train station with direct connections into Southampton, as well as easy access to the M27 and M3.
This is a great opportunity to secure a home in a desirable location with strong local amenities and connectivity.
PRICING & AFFORDABILITY
Full Market Value: £410,000
40% Share Price:164,000 (rent £623.32pcm)
Minimum 5% Mortgage Deposit (40% share): £8,200
Approximate Service Charges: £103.77pcm*
Lease: TBC
Sown Shared Ownership
