3 bed semi-detached house for sale

Merino Road, Andover SP11

Shared ownership (Advertised price represents 40% share. Full market value £335,000). This smartly-presented, semi-detached property is part of row of recently-built houses with an area of grass and trees immediately in front. Internal features include a good-sized kitchen, a ground-floor cloakroom and a rear reception room that opens onto the south-east-facing garden. On the first floor are two bedrooms and a bathroom with attractive, limestone-style tiles while further upstairs, on the top floor, is a spacious third bedroom with a mix of dormer and roof windows. The energy-efficiency rating is very good, thanks to well insulated walls, roof and floor, high performance glazing and a modern gas central heating system. An adjacent car-port provides one covered parking bay with space for an additional car in front. Andover's attractive town centre can also be reached by brief cycle ride and the local roads allow easy access to the A303, the M3 and M4 motorways as well as the many places of interest that Hampshire has to offer.

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 01/05/2020).
Minimum Share: 40% (£134,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £500.15 per month (subject to annual review).
Service Charge: £19.46 per month (subject to annual review).
Guideline Minimum Income: Dual - £39,200 Single - £45,500 (based on minimum share and 10% deposit).
Council Tax: Band D, Test Valley 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 8' 2" (2.95m x 2.49m)

Cloakroom

Living Room
14' 8" x 10' 10" (4.47m x 3.30m)

First Floor

Landing

Bedroom 1
14' 8" x 8' 7" (4.47m x 2.62m)

Bathroom

Bedroom 2
9' 6" x 7' 5" (2.90m x 2.26m)

Second Floor

Bedroom 3
16' 0" x 11' 1" (4.88m x 3.38m)