2 bed Flat For Sale £50,000
Shared ownership
This apartment is available to buy for as little as £50,000 for a 25% share.
Offered to the market stands this well presented first floor 2 bedroom apartment in Bordon, Hampshire.
This property benefits from an entrance hall with ample storage, two good size double bedrooms, large living room, separate kitchen and a family bathroom.
This apartment further benefits from allocated residents parking, access to communal grounds and is available immediately.
Pricing and affordability
Full Market Value: £200,000
25% Share Price: £50,000 (rent £343.75pcm)
40% Share Price: £80,000 (rent £275.00pcm)
50% Share Price: £100,000 (rent £229.17pcm)
75% Share Price: £150,000 (rent £114.58pcm)
Minimum 5% Mortgage Deposit (25% share): £2,500
Approximate Service Charges: £95.24 pcm
Eligibility
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront 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 Royal Drive you can buy a minimum 25% 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.
• You have a local connection to Hampshire County Council(work in the area or have family in the area).
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.
** 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 property is ‘sold as seen’.
This apartment is available to buy for as little as £50,000 for a 25% share.
Offered to the market stands this well presented first floor 2 bedroom apartment in Bordon, Hampshire.
This property benefits from an entrance hall with ample storage, two good size double bedrooms, large living room, separate kitchen and a family bathroom.
This apartment further benefits from allocated residents parking, access to communal grounds and is available immediately.
Pricing and affordability
Full Market Value: £200,000
25% Share Price: £50,000 (rent £343.75pcm)
40% Share Price: £80,000 (rent £275.00pcm)
50% Share Price: £100,000 (rent £229.17pcm)
75% Share Price: £150,000 (rent £114.58pcm)
Minimum 5% Mortgage Deposit (25% share): £2,500
Approximate Service Charges: £95.24 pcm
Eligibility
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront 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 Royal Drive you can buy a minimum 25% 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.
• You have a local connection to Hampshire County Council(work in the area or have family in the area).
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.
** 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 property is ‘sold as seen’.
