SPECIFICATIONS:

BEDROOMS: X 2
RECEPTION ROOMS: X 1
BATHROOMS: X 1

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PROPERTY LOCATION:

PROPERTY DETAILS:

Tenure: leasehold
Property type: First floor
Council Tax Band: NA

Key features:

Newbuild Shared Ownership
Current expected handover date from developers: From April 2025
Initial shares available from 25% to 75%
Currently only those with a live/work/family connection to the Basingstoke & Deane Borough Council area may be considered
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 herehttps://yourvividhome.co.uk/join-mailing-list
Leasehold with 990 year lease
Pets wel
Council Tax Band is not yet available for these newbuild homes (Find out more)
Predicted energy assessment rating: B
NHBC Warranty Provided
You can’t rent out (sublet) these properties, see the key info document for more details
If you’re offered a Shared Ownership home with us, please note there is a reservation fee of £99 (non-refundable), which will be deducted from the monies you pay at completion.
Staircasing to 100% is available on these homes, see the key info document for more information about this.
Eligibility conditions apply, you can view details and more information about Shared Ownership herehttps://yourvividhome.co.uk/what-is-shared-ownership come

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: £92.40

• The minimum Share available to purchase is from 25% up to a maximum of 75%
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.

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 an 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