1 bedroom apartment for sale

Available

Cashmere Drive, Andover, SP11 6ZR

£81,250 Shared Ownership Resale

Share percentage 50%, full price £162,500, £8,125 Min Deposit.

Available
1 bedroom
1 Bathroom
Private Balcony/Terrace
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£81,250 Shared Ownership Resale

Share percentage 50%, full price £162,500

Monthly Cost: £726

Rent £211, Service charge £112, Mortgage £403*

Calculated using a representative rate of 4.42%

Calculate estimated monthly costs

£
Summary

A Fantastic Opportunity to Purchase a One Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis

Description

This flat is on the top (second) floor of a recently-constructed development and has a reception room with an attractive, open-plan kitchen area and double doors that lead out onto a balcony. There is a good-sized bedroom, a simple, modern bathroom and a pair of built-in storage/utility cupboards have been provided in the entrance hallway. Well insulated walls and roof, high performance glazing and gas central heating all contribute towards a very good energy-efficiency rating. The property comes with use of an allocated, off-street parking space and Andover town centre is only a brief drive or cycle ride away. The A303, that skirts the southern edge of the town, also allows for easy travel further afield and the surrounding area is famous for its picturesque countryside, ancient sites and other places of interest.

SHARED OWNERSHIP (Advertised price represents 50% share. Full market value £162,500).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/j3k96htm]

(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 01/03/2020).
Minimum Share: 50% (£81,250). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £210.54 per month (subject to annual review).
Service Charge: £112.27 per month (subject to annual review).
Guideline Minimum Income: Dual - £22,700 | Single - £24,600 (based on minimum share and 10% deposit).
Council Tax: Band B, 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. Pets may be permitted but only with prior consent from Clarion (which, unfortunately, can only be obtained once you are the property owner).

Key Features
  • Guideline Minimum Deposit £8,125
  • Guide Min Income Dual £22.7k | Single £24.6k
  • Second (Top) Floor
  • Approx. 500 Sqft Gross Internal Area
  • Open Plan Kitchen/Reception Room
  • Very Good Energy Efficiency Rating
  • Balcony
  • Parking Space
Particulars

Tenure: Leasehold
Council Tax Band: B

Property Downloads
Key Information Document Floor Plan Brochure
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

Read More Read Less
  • 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.

£81,250
Shared Ownership Resale
Estimated Monthly Cost:£726
Rent £211
Service £112
Mortgage £403

Share percentage 50%, full price £162,500, £8,125 Min Deposit. Calculated using a representative rate of 4.42%

Disclaimer
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.