Sinclair Drive, Basingstoke, Hampshire

This modern home is available to buy from as little as £86,000 with a 40% share!

This second floor apartment offers spacious and versatile accommodation, ideally suited to modern living. the accommodation includes: entrance hall, an open plan lounge/kitchen/diner with access to a private balcony, two bedrooms and a bathroom. The apartment also benefits from allocated parking and a lift in the block.

Situated on Sinclair Drive in Basingstoke, the property enjoys a convenient location within easy reach of the town's excellent range of amenities. Basingstoke town centre offers an extensive selection of shops, restaurants, cafés and leisure facilities, including Festival Place Shopping Centre, The Malls and The Anvil theatre. Residents can also enjoy nearby parks, green spaces and recreational facilities, with a variety of supermarkets, schools and everyday conveniences available throughout the surrounding area.

The property is well positioned for commuters, with Basingstoke railway station providing regular direct services to London Waterloo, Reading and Southampton. Excellent road connections are available via the nearby A339, A33 and M3 motorway, offering convenient access to London, Winchester and the wider Hampshire area. The combination of excellent transport links and local amenities makes this an appealing choice for a range of buyers.

PRICING & AFFORDABILITY

Full Market Value: £215,000

40% Share Price: £86,000 (rent £360.45pcm)
Minimum 5% Mortgage Deposit (40% share): £4,300
Approximate Service Charges: £124.45pcm*
Shared Ownership Lease: 84 years remaining

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.