TENURE: To be advised
SHARED OWNERSHIP Three bedroom detached house available to purchase from a 40% share at 118,000 with a deposit of 5,900. Full market value 295,000. Call today to arrange your viewing of this stunning new home.
Plot 228 offers three bedrooms and has a very practical layout.
There is a large open-plan kitchen/dining room on the ground floor featuring double doors opening to the rear garden. There is also a separate living room and cloakroom on this floor and a useful storage cupboard under the stairs
Upstairs there is a lovely master bedroom with en-suite shower room, second double bedroom and also a single bedroom and bathroom.
The property comes with a single garage.
WHAT IS SHARED OWNERSHIP? If you can't afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 40% and 75%) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright. Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.
Purchase price 295,000.
Purchase a 60% share = 177,000 funded through a combination of deposit and mortgage.
Remaining 40% share from Places for People = 118,000 x 2.75% rent (varies) = 270.42 per month.
Please note: 75% is the maximum share price which you can initially purchase. There is an option to staircase the purchase over the next following years so you can own 100%.
Andover itself offers all the big supermarkets plus an excellent selection of major High Street shops. For keep fit enthusiasts there is a Gym less than a mile away and Andover Golf Club is only two miles away. A brand new Community Centre has recently opened and there are also plans for a sports pavilion.
Slightly further afield is the historic town of Winchester (15 miles) and also Basingstoke (15 miles) Festival Place which has 165 shops, over 30 restaurants, bars and cafes and also a 10 screen cinema.