£170,000
2 bed semi-detached house for sale
Longwood Copse Lane, Beggarwood, Basingstoke RG23Leasehold
2 beds
1 bath
1 reception
Key information
Tenure
Leasehold (Ask agent)
Service charge
Council tax band
Ground rent
Ground rent date of next review
About this property
Guideline Minimum Deposit £17,000
Guide Min Income Dual £46.5k Single £53.2k
Two Storey, Two Bedroom, Semi Detached House
Approx. 784 Sqft Gross Internal Area
Bathroom plus Downstairs Cloakroom
Very Good Energy-Efficiency Rating
Front and Rear Gardens
Car Port plus Covered Storage Area
Shared ownership (Advertised price represents 50% share. Full market value £340,000). This modern, semi-detached house is part of a development of similar properties to the south-west of Basingstoke. The internal layout is conventional with a sleek, fitted kitchen at the front, a cloakroom and useful under-stairs storage cupboard in the middle, while at the rear is a reception room which opens onto the spacious garden. There are two bedrooms on the first floor, both comfortable doubles, plus a simple, modern bathroom. Well insulated walls, floor and roof, gas central heating and high performance glazing all contribute towards a very good energy-efficiency rating. To the side of the house is a covered storage area and, beyond that, a car port. The town centre is within easy reach and Junction 7 of the M3 only a five-minute drive away (Google Maps) if travelling further afield. The schools in the surrounding area are all Ofsted-rated 'Good'.
Interested parties are required to complete the shared ownership common application form [ ]
(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 01/08/2016).
Minimum Share: 50% (£170,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £440.30 per month (subject to annual review).
Service Charge: £54.52 per month (subject to annual review).
Ground Rent: £150.00 for the year.
Guideline Minimum Income: Dual - £46,500 Single - £53,200 (based on minimum share and 10% deposit).
Council Tax: Band D, Basingstoke and Deane 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.
What is shared ownership ?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (gla) in London and Homes England outside of London.
Is shared ownership for you ?
The gla and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full time permanent employment.
5. Be a British, EU or eea Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.
Ground Floor
Entrance Hall
Kitchen
9' 8" x 7' 2" (2.95m x 2.18m)
Cloakroom
Reception Room
14' 7" x 12' 10" (4.45m x 3.91m)
External Storage Area
22' 6" max. X 18' 1" (6.86m x 5.51m)
First Floor
Landing
Bedroom 1
14' 7" max. X 10' 10" max. (4.45m x 3.30m)
Bathroom
Bedroom 2
14' 7" max. X 8' 8" max. (4.45m x 2.64m)
More information
Listed by
Urban Moves