2 bedroom house for sale
Alder Road, East Anton, Andover, SP11 6YZ
Share percentage 45%, full price £272,500, £12,263 Min Deposit.
Share percentage 45%, full price £272,500
Monthly Cost: £1,010
Rent £359, Service charge £43, Mortgage £608*
Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This smartly-presented property has a kitchen/dining room at the front, a central WC/cloakroom and, at the rear, a spacious reception room. A glazed door leads out to a south/south-west-facing garden with patio, lawn and timber shed. On the first floor of the house is a generously-sized main bedroom plus a second, full-width, double bedroom and a simple yet stylish bathroom. The current owners have added attractive wood panelling to the reception and larger bedroom. Well insulated walls, roof and floor, high performance glazing and a modern gas central heating system all contribute towards a very good energy-efficiency rating. The house comes with two parking spaces and the local roads allow easy access to the A303, the M3 and M4 motorways as well as the many places of interest that Hampshire has to offer. Andover town centre can also be reached via bus or bike.
SHARED OWNERSHIP (Advertised price represents 45% share. Full market value £272,500).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/cmt4yu3w]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 01/08/2018). Freehold transferred on 100% ownership.
Minimum Share: 45% (£122,625). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £358.72 per month (subject to annual review).
Service Charge: £43.08 per month (subject to annual review).
Guideline Minimum Income: Dual - £31,900 | Single - £38,100 (based on minimum share and 10% deposit).
Council Tax: Band D, Test Valley Borough Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.
Key Features
- Guideline Minimum Deposit £12,263
- Guide Min Income Dual £31.9k | Single £38.1k
- Two Storey, Two Bedroom, Mid Terrace House
- Approx. 866 Sqft Gross Internal Area
- Bathroom plus Downstairs WC
- Very Good Energy Efficiency Rating
- South/South-West Facing Rear Garden
- Two Parking Spaces
Particulars
Tenure: Leasehold
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan BrochureThe ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.
- Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
- Service Charge: covers maintenance costs for the property as a whole and communal areas
- Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.
NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.
Share percentage 45%, full price £272,500, £12,263 Min Deposit. Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
