SPECIFICATIONS:

BEDROOMS: X 2
BATHROOMS: X 1

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PROPERTY LOCATION:

PROPERTY DETAILS:

Tenure: leasehold
Property type: Semi detached
Length of Lease: 989 years
Council Tax Band: NA

Key features:

Newbuild Shared Ownership
Shares available from 25%
At Wisteria Gate, 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.
Leasehold with 990 year lease
Council Band: TBC (Find out more)
· You must have a live/work/family connection to the Test Valley Local Authority Area.
Predicted energy assessment ratings: TBC
Warranty Provider is TBC
Current expected handover date from developers: From October 2024

Apply now for a stunning newbuild Shared Ownership (part buy, part rent) 2 bedroom home. 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 £91,250 – FULL MARKET VALUE £365,000.

• Monthly rent example on un-owned 75% share: £627.34

• Monthly initial estimated service charges: £34.69

• 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.

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/wisteria-gate