1 bed Flat For Sale £60,000
Alencon Link, Basingstoke, Hampshire

SHARED OWNERSHIP

This modern apartment is available to buy from as little as £60,000 with a 40% share!

A fantastic modern apartment, situated within The Tower block of this popular development and close to local amenities. The well-presented accommodation comprises: entrance hall, an open plan living area/kitchen, family bathroom and a spacious double bedroom. The apartment benefits from ample storage space and excellent views across Basingstoke.

Skyline Plaza is a sought after residential development providing excellent transport links. There are a range of local amenities within close proximity including Festival Place shopping centre, Waitrose supermarket and Basingstoke Train Station.

PRICING & AFFORDABILITY

Approximate Size 60 sq m

Full Market Value: £150,000

40% Share Price: £60,000 (rent £206.25pcm)
50% Share Price: £75,000 (rent £171.88pcm)
75% Share Price: £112,500 (rent £85.94pcm)

Minimum 5% Mortgage Deposit (40% share): £3,000
Approximate Service Charges: £206.24pcm*
Shared Ownership Lease: 133 approx. years
Council Tax Band: B

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.

Local Connection to Basingstoke and Deane Required. There is a local connection clause related to this property and this means that applications can only be received from someone with connection to the local area, via work, family or currently living in the borough in accommodation that does not fit their needs.

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.