Alencon Link, Basingstoke, Hampshire

Property Details: - Type: Apartment - Bedrooms: 1 - Bathrooms: 1

Agent: Romans - Basingstoke Phone: 01256 515176

Shared Ownership<br/><br/>This superb modern home is available to buy from as little as £60,000 with a 50% share!<br/><br/>Offered for sale with no onward chain complications is this fifth floor apartment which would benefit from some updating and modernisation. The spacious accommodation comprises entrance hall, bathroom, double bedroom, a large reception room and a separate kitchen. The property is centrally located with direct pedestrian access into Festival Place and within a short walk of the main line station.<br/><br/>Basingstoke is well equipped with local amenities and convenient for transport links via train and the M3. Festival Place is a major shopping centre offering a wide range of retail stores, dining options, and a Vue cinema.<br/>Basingstoke Railway Station is the main transport hub, offering frequent services to London and surrounding areas.<br/>Direct trains run to London Waterloo in around 45 to 50 minutes.<br/>Trains to Reading take about 25 minutes, connecting you to major routes across the country.<br/><br/>PRICING & AFFORDABILITY<br/><br/>Full Market Value: £120,000<br/><br/>50% Share Price: £60,000 (rent £243.32 pcm)<br/>Minimum 5% Mortgage Deposit (50% share): £3,000<br/>Approximate Service Charges: £227.59 pcm*<br/>Shared Ownership Lease: approx. 131 years<br/>Council Tax Band: B<br/><br/>ELIGIBILITY<br/><br/>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.<br/><br/>To be eligible for shared ownership you would need to meet the following criteria:<br/><br/>• Your annual household income does not exceed £80,000<br/>• You have a deposit of at least 5% of the share value<br/>• You do not own another property or have your name on the deeds or a mortgage for a property worldwide. <br/>• This will be your only residence.<br/>• You are a permanent UK resident or have indefinite right to remain.<br/><br/>*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.<br/><br/>* This home can also be purchased outright (100% of the value) which is £120,000 and a purchaser would not need to meet the eligibility criteria listed above.