Rivermead Gardens by Legal and General Affordable Homes

Lower Turk Street, Alton, GU34 1FZ

Contact Us
or call 01420 557519  Local call rate

Overview

Rivermead Gardens

A delightful and thriving community awaits you


A beautiful collection of 1 and 2 bedroom apartments available with Shared Ownership set in the desirable market town of Alton, East Hampshire.

Rivermead Gardens is perfect for commuters, with Alton railway station within walking distance, offering regular services directly into London Waterloo in just over an hour, meaning you can enjoy the best of both worlds.

Living here you'll be conveniently located within walking distance to a range of local amenities including independent stores, supermarkets, cafes, restaurants and green open spaces. The River Wey runs through Rivermead Gardens and there are walking paths around Kings Pond nearby for you to enjoy.

Your new home has been built around your lifestyle including modern, open plan living areas that are full of natural light. Kitchens are streamlined and well equipped with a range of integrated appliances, you'll also have a freestanding washer/dryer and each home comes with allocated parking.

Financial Breakdown:

  • Full Market Value: £202,500 - £290,000
  • 25% Share Value: £50,625 - £72,500
  • 5% Deposit of 25% Share: £2,532 - £3,625
  • Rent on Unowned Share (75%): £348 - £486 per month
  • Service Charge: £189.43 - £317.92 per month
  • Estimated monthly cost: £846 - £1,198
  • Council Tax: TBC*

 

What is Shared Ownership?

Shared Ownership is a more affordable way to have the security and stability of owning your own home. Shared Ownership is a government backed part buy/part rent scheme designed to help you take that first step on the property ladder. The scheme enables buyers to purchase a share of the value of the home - this is usually between 25 to 75 percent of the value of the property - and pay a subsidised rent on the remaining portion. You have the option to buy a bigger share in the property at a later date (known as Staircasing).

Eligibility Criteria:

Priority will be given to applicants with a live/work or family connection to the Parish of Alton or East Hampshire District. To be eligible for a home at Rivermead Gardens, you'll need to:

  • Have a combined household income under £80,000 per annum
  • Not already own a property, or part of a property, at the time of completing on your purchase
  • Be unable to purchase a suitable home to meet your housing needs on the open market
  • Have a minimum of £5,000 to cover the costs of buying a home
  • Priority will be given to applicants with a live/work or family connection to the Parish of Alton or East Hampshire District

 

Council Tax: TBC
Council tax bands are often not released until the property is complete. If you need any guidance, please get in touch with our Sales Consultants otherwise the local authority or the developer may be able to help.

  1. New 1 & 2 bedroom Shared Ownership apartments
  2. Indesit integrated appliances
  3. Allocated parking
  4. Close to nature with walking paths nearby

Location

Location

Lower Turk Street, Alton, GU34 1FZ

Local Information

Nearest stations:

National Train Station logo Alton (0.4 miles)
National Train Station logo Bentley (5.1 miles)

Distances are straight line measurements from centre of postcode

About Developer

We provide affordable housing options across the UK. Our aim is to better people’s lives and ensure that everyone has access to a safe and secure space to call their own.

At Legal & General Affordable Homes our mission is to become the leading private affordable housing provider in the UK and to make a positive difference to the affordable housing sector.

We are a leading direct investor, developer, and operator in residential property. We have one of the largest and most diverse residential platforms in the UK and have successfully scaled up multiple operating businesses across a range of tenures, building houses to sell and rent, providing lively retirement communities and finding new ways to deliver affordable housing.

We take a socially orientated investment approach, with a commitment to delivering the housing that our society needs to address structural shortages across every dimension of the market. As a result, we have delivered 15,000 homes in the last three years. As a sustainable and responsible investor, we have made a commitment to enable all our new homes to operate at net zero carbon emissions from 2030.

Contact Us

Contact us about Rivermead Gardens

Call us on 01420 557519 or fill in the contact form below.

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