1 bed flat for sale

Priestley Road, Basingstoke, Hampshire RG24

Shared Ownership

This superb modern home is available to buy from as little as £67,500 with a 50% share!

For sale is this well-presented one-bedroom apartment in Pemberley Place, just off Priestley Road in Basingstoke. The property is in Brilliant condition throughout and offers a practical layout suited to first-time buyers or those seeking a low-maintenance home close to key amenities.

The apartment features a generous reception room with neutral décor and good natural light, providing defined space for both seating and dining. Full-height doors open to the outside, enhancing the sense of space. The separate fitted kitchen includes ample worktop and cupboard space, with room for the usual appliances and a freestanding cooker.

Located close to Basingstoke and North Hampshire Hospital, the apartment is convenient for healthcare professionals and anyone needing regular access to the site. Basingstoke town centre is easily reached by bus or car for extensive shopping at Festival Place, restaurants, cinema and leisure facilities. Nearby green spaces include Winklebury Park and the open countryside towards Sherborne St John.

Transport links are excellent: Basingstoke railway station provides regular services to London Waterloo in around 45 minutes, as well as routes to Reading, Southampton and the South West. Road connections via the M3 and A339 place surrounding towns within straightforward driving distance.
Pricing & affordability


Full Market Value: £135,000

50% Share Price: £ 67,500 (rent £281.27pcm)
Minimum 5% Mortgage Deposit (50% share): £3,375
Approximate Service Charges: £169.73pcm*
Groudn rent: £12.50pcm
Lease: 107 years
Eligibility


Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

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

• Your annual 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.

*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.

** This home can staircased to 100% post purchase