Rivermead Gardens in Alton
by Legal & General Affordable Homes
1 & 2 bedroom apartments
from £50,625 for a 25% share
£202,500 - £285,000 Full Market Value
Rivermead Gardens, Alton, Alton, Hampshire, GU34 1FZ
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A delightful and thriving community awaits you
A beautiful collection of 1 and 2 bedroom apartments available with Shared Ownership set in the desirable market town of Alton, East Hampshire.
Rivermead Gardens is perfect for commuters, with Alton railway station within walking distance, offering regular services directly into London Waterloo in just over an hour, meaning you can enjoy the best of both worlds.
Living here you'll be conveniently located within walking distance to a range of local amenities including independent stores, supermarkets, cafes, restaurants and green open spaces. The River Wey runs through Rivermead Gardens and there are walking paths around Kings Pond nearby for you to enjoy.
Your new home has been built around your lifestyle including modern, open plan living areas that are full of natural light. Kitchens are streamlined and well equipped with a range of integrated appliances, you'll also have a freestanding washer/dryer and each home comes with allocated parking.
Financial Breakdown:
- Full Market Value: £202,500 - £290,000
- 25% Share Value: £50,625 - £72,500
- 5% Deposit of 25% Share: £2,532 - £3,625
- Rent on Unowned Share (75%): £348 - £486 per month
- Service Charge: £189.43 - £317.92 per month
- Estimated monthly cost: £846 - £1,198
- Council Tax: TBC*
What is Shared Ownership?
Shared Ownership is a more affordable way to have the security and stability of owning your own home. Shared Ownership is a government backed part buy/part rent scheme designed to help you take that first step on the property ladder. The scheme enables buyers to purchase a share of the value of the home - this is usually between 25 to 75 percent of the value of the property - and pay a subsidised rent on the remaining portion. You have the option to buy a bigger share in the property at a later date (known as Staircasing).
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 at Rivermead Gardens, you'll need to:
- Have a combined household income under £80,000 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
- Priority will be given to applicants with a live/work or family connection to the Parish of Alton or East Hampshire District
Council Tax: TBC
Council tax bands are often not released until the property is complete. If you need any guidance, please get in touch with our Sales Consultants otherwise the local authority or the developer may be able to help.
Example Shared ownership share price options
The following table shows examples of the share price range of this development at various share points
| Share | Lower price | Upper price |
|---|---|---|
| 25% share | £50,625 | £213,750 |
| 30% share | £60,750 | £256,500 |
| 35% share | £70,875 | £299,250 |
| 40% share | £81,000 | £342,000 |
| 45% share | £91,125 | £384,750 |
| 50% share | £101,250 | £427,500 |
| 55% share | £111,375 | £470,250 |
| 60% share | £121,500 | £513,000 |
| 65% share | £131,625 | £555,750 |
| 70% share | £141,750 | £598,500 |
| 75% share | £151,875 | £641,250 |
Are we missing any purchase information? Contact the developer
Please note: Computer generated images are for illustrative purposes only. Images may include optional upgrades at additional cost. Its purpose is to give a feel for the development, not an accurate description of each property. External materials, finishes, landscaping and the position of garages (where provided), may vary throughout the development. Properties may also be built handed (mirror image). Please ask for further details.