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2 bedroom house for sale

Available

Cashmere Drive, Andover, SP11 6ZQ

£217,500 Shared Ownership Resale

Share percentage 75%, full price £290,000, £21,750 Min Deposit.

Available
2 bedrooms
2 Bathrooms
Private Garden
Pets allowed
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£217,500 Shared Ownership Resale

Share percentage 75%, full price £290,000

Monthly Cost: £1,354

Rent £181, Service charge £35, Mortgage £1,138*

Calculated using a representative rate of 4.94%

Calculate estimated monthly costs

£
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Summary

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

Description

This recently-constructed property forms one end of a short terrace and the position allows the front garden to wrap around the side of the house as well. The entrance hall leads to a spacious kitchen, a central cloakroom/WC and a full-width reception/dining room. Upstairs, on the first floor, are two generously-sized bedrooms and a simple, modern bathroom. Well insulated walls, roof and floor, high performance glazing and gas central heating all contribute towards a very good energy-efficiency rating. The property comes with a south-facing rear garden, which can also be accessed via a side gate, and two parking spaces. Andover town centre is only a brief drive/cycle ride away and can also be reached via local bus. 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 75% share. Full market value £290,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/msa2hc52]

(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). Freehold transferred on 100% ownership.
Share Available: 75% (£217,500).
Shared Ownership Rent: £180.93 per month (subject to annual review).
Service Charge: £35.10 per month (subject to annual review).
Guideline Minimum Income: Dual - £44,100 | Single - £50,300 (based on minimum share and 10% deposit).
Council Tax: Band C, 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 £21,750
  • Guide Min Income Dual £44.1k | Single £50.3k
  • Two Storey, End of Terrace House
  • Approx. 808 Sqft Gross Internal Area
  • Two Good-Sized Double Bedrooms
  • Bathroom plus Downstairs WC
  • Very Good Energy Efficiency Rating
  • Front/Side Garden
  • South Facing Rear Garden
  • Two Parking Spaces
Particulars

Tenure: Leasehold
Council Tax Band: C

Property Downloads
Key Information Document Floor Plan Brochure
Register your interest
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.

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  • 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.

£217,500
Shared Ownership Resale
Estimated Monthly Cost:£1,354
Rent £181
Service £35
Mortgage £1,138

Share percentage 75%, full price £290,000, £21,750 Min Deposit. Calculated using a representative rate of 4.94%

Calculate estimated monthly costs

£
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.