• Tenure: leasehold
• Property type: Ground floor
• Length of Lease: 998 years
• Council Tax Band: NA
• Annual Service Charge: £932.40

Apply now for a stunning newbuild Shared Ownership (part buy, part rent) 2 bedroom apartment. Shares start from 25%

Shared Ownership, also known as ‘part-buy, part-rent’ is a great option for new home buyers, or for those struggling to save a large deposit. The Shared Ownership scheme allows you to purchase shares of your home, usually between 25% and 75%, initially and pay rent on the remaining share. Unlike buying on the open market, you don’t need a deposit for 100% of the property price. In many cases, you’ll only need a 5% deposit of the share you’re purchasing (subject to lender availability and criteria). You’ll need to be financially assessed to determine the share you are able to purchase.

MINIMUM 25% SHARE ADVERTISED AT £62,500 – FULL MARKET VALUE £250,000.

• Monthly rent example on un-owned 75% share: £429.69
• Monthly initial estimated service charges: £77.70
• Council Tax Band: TBC
• Predicted energy assessment rating: TBC

Who can apply for Shared Ownership?

You can apply if your household income is £80,000 a year or less and you can’t afford to buy a suitable home on the open market.

If you’ve never owned a home before, Shared Ownership’s a fantastic opportunity to get on the housing ladder and it’s also a great option if you’re in one of the following groups:

• You’ve owned a home before, but can’t afford to buy one now
• You’re forming a new household (for example, following a relationship breakdown)
• You’re an existing Shared Owner and want to move to a new home
• You own a home, but can’t afford to buy a new one that suits your current needs

If you own another property in the UK or abroad, you’ll need to sell this at the same time as buying your new Shared Ownership home. So, if you’re a homeowner, VIVID will ask you to confirm your property’s under offer.

At Hounsome Fields, you can buy additional shares in your home over time if you’d like to, so that eventually you could own 100% of the property.

Specification:

• Kitchen with oven, hob & extractor
• Neutral decor throughout
• Private parking^
• Please note that the site plans only shows their respective phase of the development. There is a potential school and other facilities on this site. If you would like to know the location of these and for latest plans, please speak to your solicitor.

^parking spaces do not include EV charging points.

VIVID are selling these homes off plan, so viewings are not available until later on in your purchase.

• We are currently only accepting applicants who have a live/work/family connection to the Basingstoke & Deane Borough Council area
• If you don’t meet the local connection requirements above and you’d like to hear if this criteria changes, and find out about future developments, join our mailing list here https://yourvividhome.co.uk/join-mailing-list

Images shown may be photographs or CGI (computer generated images) of current or coming soon properties. Photographs or CGI images are produced in good faith as visual representations to give potential customers a representation of each house or apartment. They may not represent a specific plot, the finishes, plot sizes and landscaping will vary.

Please note that if you’re viewing this property via the Rightmove app, you won’t be able to view the development brochure which includes key information about shared ownership, so please visit
https://yourvividhome.co.uk/developments/hounsome-fields

ADDITIONAL INFORMATION

Services:
Water – Mains
Gas – Ask Agent
Electric – Ask Agent
Sewage – Ask Agent
Heating – Ask Agent

Materials used in construction: Ask Agent
How does broadband enter the property: Ask Agent

For further information on broadband and mobile coverage, please refer to the Ofcom Checker online