Alencon Link, Basingstoke, Hampshire
- PROPERTY TYPE
Apartment
- BEDROOMS
1
- BATHROOMS
1
- SIZE
624 sq ft
58 sq m
Key features
- 50% shared ownership
- Fifth floor
- One bedroom
- Large reception room
- Separate kitchen
- Long lease
- Parking
- No onward chain
Description
This superb modern home is available to buy from as little as £60,000 with a 50% share!
Offered for sale with no onward chain complications is this fifth floor apartment which would benefit from some updating and modernisation. The spacious accommodation comprises entrance hall, bathroom, double bedroom, a large reception room and a separate kitchen. The property is centrally located with direct pedestrian access into Festival Place and within a short walk of the main line station.
Basingstoke is well equipped with local amenities and convenient for transport links via train and the M3. Festival Place is a major shopping centre offering a wide range of retail stores, dining options, and a Vue cinema.
Basingstoke Railway Station is the main transport hub, offering frequent services to London and surrounding areas.
Direct trains run to London Waterloo in around 45 to 50 minutes.
Trains to Reading take about 25 minutes, connecting you to major routes across the country.
PRICING & AFFORDABILITY
Full Market Value: £120,000
50% Share Price: £60,000 (rent £243.32 pcm)
Minimum 5% Mortgage Deposit (50% share): £3,000
Approximate Service Charges: £227.59 pcm*
Shared Ownership Lease: approx. 131 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.
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.
** This home can also be purchased outright (100% of the value) which is £120,000 and a purchaser would not need to meet the eligibility criteria listed above.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: B
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Alencon Link, Basingstoke, Hampshire
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Visit our security centre to find out moreDisclaimer - Property reference BAS260416. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Romans, Basingstoke. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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