1 bed flat for sale

Bourdillon Gardens, Basingstoke RG24

Shared Ownership

This home is available to buy from as little as £62,000 with a 40% share!

Situated on the third floor of Bourdillon Gardens, this well-presented and generously sized one-bedroom apartment offers modern living with excellent features.

The property comprises an entrance hall, a bright dual-aspect open-plan kitchen/living/dining room, a spacious double bedroom with built-in storage, and a modern bathroom. A standout feature is the wraparound balcony/sun terrace, accessible from both the living area and the bedroom, providing the perfect space to relax or entertain.

Additional benefits include an allocated parking space, a lift within the building, a brand-new 125-year lease, and immediate availability.

Pricing & affordability

Approximate Size 42 sq m

Full Market Value: £155,000

40% Share Price: £62,000 (rent £213.13pcm)
50% Share Price: £77,500 (rent £177.60pcm)
75% Share Price: £116,250 (rent £88.80pcm)

Minimum 5% Mortgage Deposit (40% share): £3,100

Approximate Service Charges: £131.70 pcm*

Lease: This property will be given a new 125 year lease

eligibility

Local Connection to Basingstoke and Deane Required. There is a local connection clause related to this property and this means that applications can only be received from someone with connection to the local area, via work, family or currently living in the borough in accommodation that does not fit their needs.

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.

At Bourdillon Gardens you can buy a minimum 40% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

To be eligible for this shared ownership home you would need to meet the following criteria:

• Your household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change.

** These photos are for information purposes only have been digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images. Furniture is not included in the purchase price and the apartment is ‘sold as seen’.