1 bed flat for sale

Warner Close, Basingstoke, Hampshire RG24

This superb modern home is available to buy from as little as £60,000 with a 40% share!

Located in the popular Basingstoke area, this spacious first floor flat offers a bright, practical layout in a well connected location. The property features a generously sized double bedroom with plenty of natural light, a modern bathroom, and a large open plan living area that seamlessly integrates with a well equipped kitchen, providing the perfect space for relaxing evenings or hosting friends.

Outside, you will find well maintained communal grounds and an allocated parking bay with further visitor spaces, ensuring convenience for your day-to-day living. The flat comes with a lease that will be extended upon sale, giving buyers peace of mind for the future.

The location offers the best of Basingstoke living, with excellent access to local shops, supermarkets, and cafes, while Festival Place shopping centre and The Anvil theatre are just a short distance away for entertainment and dining. For commuters, Basingstoke train station provides fast and direct services to London Waterloo, while the nearby M3 and A33 ensure straightforward road connections to Reading, London, and the south coast. Local green spaces and parks add to the appeal.
Pricing & affordability


Full Market Value: £150,000

40% Share Price: £60,000 (rent £318.06pcm)
Minimum 5% Mortgage Deposit (40% share): £3,000
Approximate Service Charges: £87.42pcm*
Lease: 168 years (Extended by the current leaseholder on completion)
Eligibility


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.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual 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.
Local area connection


Buyer must have a local area connection in order to be eligible. This can be by way of living and/or working in the local borough of Basingstoke and Deane or having immediate family who are currently living. In some circumstances, Key Workers may also be approved. Proof will be required of a local area connection.

*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.