2 bed Flat For Sale £64,000
Shared Ownership
This home is available to buy from as little as £64,000 with a 40% share!
Available immediately with no chain, this modern second floor apartment comes with allocated parking and has accommodation which includes: Entrance hall, an open plan lounge/kitchen/diner with a balcony, two bedrooms and a bathroom.
The apartment is within easy reach of Andover town centre, where a range of pubs, cafés and restaurants are located. On offer is a superb shopping centre, the Chantry Centre, which is a home for many of Andover’s biggest and best stores. Andover train station is just a short walk from the development and for those commuting by car, the M3 motorway is just a short drive away.
Pricing & affordability
Approximate Size 61 sq m
Full Market Value: £160,000
40% Share Price: £64,000 (rent £220.00pcm)
50% Share Price: £80,000 (rent £183.33pcm)
75% Share Price: £120,000 (rent £91.67pcm)
Minimum 5% Mortgage Deposit (40% share): £3,200
Approximate Service Charges: £89.35 pcm*
Eligibility
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.
At Dairy Court you can buy a minimum 40% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
To be eligible for this shared ownership home you would need to meet the following criteria:
• Your 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.
• Have a local area connection to Basingstoke & Deane. This includes living and/or working in the Borough or having a direct family connection
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
*Service charges are estimated and may subject to change.
**Please note that this apartment is at the rear of the block and looks directly over a railway line.
***These photos are for information purposes only have been digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images. Furniture is not included in the purchase price and the apartment is ‘sold as seen’.
This home is available to buy from as little as £64,000 with a 40% share!
Available immediately with no chain, this modern second floor apartment comes with allocated parking and has accommodation which includes: Entrance hall, an open plan lounge/kitchen/diner with a balcony, two bedrooms and a bathroom.
The apartment is within easy reach of Andover town centre, where a range of pubs, cafés and restaurants are located. On offer is a superb shopping centre, the Chantry Centre, which is a home for many of Andover’s biggest and best stores. Andover train station is just a short walk from the development and for those commuting by car, the M3 motorway is just a short drive away.
Pricing & affordability
Approximate Size 61 sq m
Full Market Value: £160,000
40% Share Price: £64,000 (rent £220.00pcm)
50% Share Price: £80,000 (rent £183.33pcm)
75% Share Price: £120,000 (rent £91.67pcm)
Minimum 5% Mortgage Deposit (40% share): £3,200
Approximate Service Charges: £89.35 pcm*
Eligibility
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.
At Dairy Court you can buy a minimum 40% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
To be eligible for this shared ownership home you would need to meet the following criteria:
• Your 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.
• Have a local area connection to Basingstoke & Deane. This includes living and/or working in the Borough or having a direct family connection
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
*Service charges are estimated and may subject to change.
**Please note that this apartment is at the rear of the block and looks directly over a railway line.
***These photos are for information purposes only have been digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images. Furniture is not included in the purchase price and the apartment is ‘sold as seen’.
