Mansard Crescent, Chineham, Basingstoke

Shared Ownership

This superb modern home is available to buy from as little as £94,500 with a 45% share!

An immaculately presented one-bedroom home, finished to an exceptional standard throughout. The accommodation is beautifully maintained and comprises a spacious open-plan kitchen/living/dining room, creating a bright and contemporary main living space, alongside a generous double bedroom, modern bathroom and useful built-in storage.

The property is in outstanding condition throughout, with a stylish, modern finish that allows a new owner to move straight in with virtually nothing to do. The open-plan living space provides plenty of room for both relaxing and dining, while the bedroom is well proportioned and the additional storage helps keep the accommodation practical and uncluttered. The property also benefits from an allocated on site parking space.

Situated in the popular Chineham area of Basingstoke, the property is well placed for local amenities, including Chineham Shopping with Tesco, M&S Food, Boots, cafés and restaurants. Local bus stops are within easy walking distance, while Basingstoke railway station is approximately 4.4km away. The area also provides convenient road access towards Basingstoke, Reading and the M3.

PRICING & AFFORDABILITY

Full Market Value: £210,000

45% Share Price: £94,500 (rent £298.74pcm)
Minimum 5% Mortgage Deposit (45% share): £4,725
Approximate Service Charges: £144.76pcm*
Lease: 120 years

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:

• You must live, work or have a close family connection to the Basingstoke and Deane Borough Council area
• 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.