2 bedroom flat for sale
Key information
Property description & features
- Tenure: Leasehold (990 years remaining)
- First floor Shared Ownership apartment
- Integrated kitchen appliances and freestanding washer/dryer
- Allocated parking and cycle storage
- Located a short walk from Alton high street
- 0.4 miles from Alton Station providing access to Waterloo Station
- Wide range of shops, supermarkets and green spaces nearby
- Available from a 5% deposit with Shared Ownership
About This Apartment
Plot 175 is a new 2 bedroom Shared Ownership apartment located on the first floor at Rivermead Gardens in Alton.
Spread across 755 sqft, the apartment includes an open-plan kitchen/living area with integrated appliances and a freestanding washer/dryer, with allocated parking and cycle storage.
Located a short walk from Alton high street, the apartments at Rivermead Gardens provide easy access to a wide range of shops, supermarkets and green spaces. Alton train station is just 0.4 miles away, providing direct access to London Waterloo in just over an hour.
All apartments are available to purchase with Shared Ownership from a 25% share. The price shown reflects purchasing a 25% share of the property's full market value.
Financial Breakdown Based on a 25% Share:
- Full Market Value: £282,500
- 25% Share Value: £70,000
- 5% Deposit of Share Value: £3,500
- Rent on Unowned Share (75%): £481 per month
- Service Charge: £249.73 per month
- Anticipated Household Income Required to Purchase a 25% Share: £39,792
- Council Tax: TBC*
These figures are a guideline and may vary according to individual incomes and circumstances. Please speak to one of our sales consultants for a detailed breakdown.
About Rivermead Gardens, Alton
A delightful and thriving community, Alton is a market town in East Hampshire and offers a mix of historic buildings and modern shops. The River Wey runs through Rivermead Gardens and there are walking paths around Kings Pond nearby for you to enjoy.
The homes at Rivermead Gardens are in a great location for any travel, with the rail station and the A31 and M3 nearby which give easy access to nearby towns, attractions and London. From Alton Train Station, you can be in Farnham in 12 minutes, Woking in 36 minutes, Guildford in 43 minutes or London Waterloo in just over an hour.
What is Shared Ownership?
Shared Ownership offers you the chance to buy a share of your home (usually between 25% and 75%) and pay rent on the remaining share. Later on, you could buy more shares of your new home when you can afford to and, if you chose, own the property outright. Monthly costs to purchase a home via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.
Eligibility Criteria:
Priority will be given to applicants with a live/work or family connection to the Parish of Alton or East Hampshire District. To be eligible for a home here you'll need to:
- Have a combined household income under £90,000 per annum
- Not already own a property, or part of a property, at the time of completing on your purchase
- Be unable to purchase a suitable home to meet your housing needs on the open market
- Have a minimum of £5,000 to cover the costs of buying a home
If you don't meet the eligibility criteria for this development, you may still qualify for a shared ownership purchase at one of our others, so take a look at our website for more information.
*Council tax bands are often not released until the property is complete. If you need any guidance, please get in touch with one of our sales consultants. Exterior image shown is computer generated and indicative only. Interior images are taken from another Legal & General Affordable Homes property and are indicative only.
Property information from this developer
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*DISCLAIMER
Property reference Legal & General Affordable Homes_Rivermead Gardens_16049_Plot 175 - 2 Bed Apartment -25%. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Legal & General Affordable Homes - Rivermead Gardens.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 16, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on December 22, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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