2 bedroom apartment for sale

Over 55’s Shared Ownership

This brand new home is available to buy from as little as £198,500 with a 50% share!

The Signals offers 45 modern, stylish one and two bedroom ‘over 55’s’ shared ownership apartments situated in the heart of Hook, one of Hampshire’s most charming small towns. Each apartment benefits from their own unique features and views, but all sharing the same high standards of finish, with comfortable access to the beautiful gardens, communal areas and facilities.

Surrounded by like-minded people who share a similar outlook on life, The Signals will benefit from an open and inviting community, where family and friends are always welcome, and where there is always something new to enjoy. It’s housing for the over-55s, redesigned and somewhere you will be proud to call home.

OPEN PLAN LIVING
Every apartment has been designed for enjoying life. With an open-plan living and dining space, you can comfortably entertain friends and family, or simply relax in your own spacious environment. Apartments are fully carpeted for extra comfort and ease.

THE KITCHEN
The kitchens are bright and airy and are fully fitted with white goods oven, hob and extractor which come with a 2-year guarantee. Kitchen worktops and wall units are mounted lower with plug sockets raised higher – all for your increased comfort and convenience. Window is fitted with electric opening mechanism to make life easier.

BATHROOM
When it comes to bathrooms, we’ve combined style and substance to create elegant spaces. With crisp white sanitary ware, level-access showers and anti-slip flooring, your new bathroom.

24/7 SUPPORT
Every apartment and all communal areas are equipped with Anchor On Call. You can rest assured that there is always someone on-call to help in case of an emergency. We understand that maintaining your independence is important and ensure that the support our Anchor On Call system provides is discreet, while providing peace of mind for you and your family.

NO MORE MAINTENANCE
When living at The Signals, all residents are required to pay a contribution towards the running costs of the facilities, support services and maintenance of the building and grounds. You may find you are currently putting off many general home maintenance tasks as they are too difficult to complete, or you may be paying a premium for someone else to complete them for you. At The Signals, in most cases these tasks are taken care of and covered by the service charge. For full details about the service charge, please ask our Consultant to provide you with our Key Facts document.

#The Signals offer more than just apartments, In addition to this residents will also benefit from some superb facilities, including:

• Café bistro
• Hair & Beauty
• Communal lounge
• Guest suite
• Landscaped gardens
• Activity room
• Wellbeing services
• Mobility storage
• A dedicated estate manager

With excellent transport links to London, Southampton, Reading and surrounding villages, The Signals offers the perfect combination of small town living and accessibility. Residents can also enjoy the wide range of shops at their doorstep as well as conveniently located nature reserves and walking trails. There are several annual and monthly community events held in the village giving residents plenty of opportunity to get involved and enjoy the local community.

PRICING & AFFORDABILITY

Full Market Value: £397,000

50% Share Price: £198,500 (rent £454.90pcm)^

^ Shares on all homes at The Signals can range between 10% and 75% - no rent is payable if you purchase the maximum 75% share.

Approximate Service Charges: £92.32 per week for 1 beds & £112.82 per week for 2 beds*
Shared Ownership Lease: 990 years
Council Tax Band: TBC

WHAT IS OLDER PERSONS SHARED OWNERSHIP (OPSO)?
This scheme works in a similar way to Shared Ownership meaning that the purchaser buys a share in a property – usually between 10% to 75% – then pays a subsidised rent to a housing association on the remainder. This means that monthly costs are often much smaller than a full mortgage or privately renting a home, although this is not a guarantee.

You can choose to buy more shares in your home as and when you can afford to. As you buy more shares, your rent will decrease.
If you choose to staircase to the maximum 75% share of an OPSO home, you will no longer pay any rent on the remaining 25%.

ELIGIBILITY

If you choose to apply for the Older Persons Shared Ownership scheme, the general eligibility criteria is:

- You must be aged 55 years or older.
- Your maximum household income must not exceed £80,000.
- You should be unable to purchase a home suitable for your needs without assistance.
- You do not already own a home, or you will need to sell any existing property owned before purchasing through the scheme.
- You will need to have sufficient savings to pay the share in full if retired.
- You must not have any outstanding credit issues such as unsatisfied defaults or county court judgements.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

*These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.