1 bed penthouse for sale

Arena Close, Andover, Andover SP11

80% Discount Market Unit – 1-Bed Top Floor Apartment

Belvoir are delighted to present this well-presented top floor apartment on the sought-after Augusta Park development, offered to the market at 80% of market value under the Discount Market Unit scheme

The property features an entrance hallway with two storage cupboards, a spacious open-plan kitchen/living/dining area, a double bedroom, and a bathroom with shower over bath. Additional benefits include gas central heating, double glazing, a secure entry system, and an allocated parking space.

Offering modern accommodation in a popular location, this is an excellent opportunity for eligible buyers to purchase an affordable home in a thriving community.

Discount market properties are sold at 80% of open market value. They come under the umbrella of affordable homes and purchasers must be eligible to purchase the dwellings.

The main eligibility criteria for purchasing discount market homes in Test Valley is:-

? Household income of less than £80,000

? First time buyer (some exceptions may apply)

? Local connection to Test Valley through residence, employment or has immediate family in the area, i.e. Parents or siblings

This is not a shared ownership scheme and even though there is a discount on the sale price, the purchaser still owns 100% of the property. Discount Market homes are subject to a S106 Planning Obligation which is a legal agreement which specifies who would qualify to buy the discount market home and at what price.

If/when you come to sell the discounted property, the saving is passed on to the next buyer so that the property remains affordable in perpetuity.

Before buying a discount market home it is advisable to ensure that you are fully aware of your obligations to sell to a qualifying purchaser, at the same level of discount, in the event that you sell the property in the future. The obligation will be set out as a charge against the property in the Deeds.

EPC rating: B.