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£31,500

Studio for sale Alencon Link, Basingstoke RG21

1 bed
1 bath
1 reception
  1. Property photo 1 of 4. Reception Room

Points of interest

Property location

Nearby amenities

  • Basingstoke0.1 miles
  • The Costello School0.5 miles
  • The Vyne Community School0.5 miles
  • Bramley (Hampshire)4.5 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Leasehold
  • Shared ownership
  • Studio apartment
  • Available immediately
  • Within close proximity to local amenities
  • No onward chain
  • Town centre location
Shared Ownership

This studio apartment is available to buy from as little as £31,500 with a 30% share!

Available immediately with no onward chain, is this well-presented studio apartment. The accommodation consists of a spacious and open lounge/bedroom/kitchen area with a separate bathroom.

Skyline Plaza is a sought after residential development providing excellent transport links. There are a range of local amenities within close proximity including Festival Place shopping centre, Waitrose supermarket and Basingstoke Train Station.

Pricing & affordability

Approximate Size: 23 sq m

Full Market Value: £105,000

30% Share Price: £31,500 (rent £168.44pcm)
50% Share Price: £52,500 (rent £120.31pcm)
75% Share Price: £78,750 (rent £60.16pcm)

Minimum 5% Mortgage Deposit (40% share): £1,575

Approximate Service Charges: £107.34 pcm*

Lease: Approximately 135 years remaining
Eligibility


The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.

At Skyline Plaza you can purchase a minimum 25% share of your home (the maximum you can buy initially is 75%) when you’re ready you can buy more shares until you staircase owning 100% of your home.

To be eligible for this shared ownership home you would need to meet the following criteria:
• Your household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change.

**These photos are for information purposes only and may not represent a true likeness for the units being sold. They have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.

*** Property is 'sold as seen'

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Romans - Shared Ownership

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Property descriptions and related information displayed on this page are marketing materials provided by - Romans - Shared Ownership. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Romans - Shared Ownership for full details and further information.