1-bedroom flat · GU34 1FZ
Listing removedListed 293 days
Opportunity summary
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About
£2,000 Deposit Contribution*!
| Available from £831 per month* | Allocated Parking | New Integrated Appliances | Available from a 5% Deposit of just £2,594 | Energy Efficient | Nearby Alton High Street and Train Station.
Highlight, working with Legal & General's Affordable Housing Division (L&G), is pleased to present this 1 bedroom Shared Ownership home at Rivermead Gardens, Alton.
Get moving sooner with our L&G £2,000 Deposit Contribution at Rivermead Gardens* * Terms and conditions apply, visit our website for full details. Final 1 Bedroom Apartments Available!
About This Apartment Plot 181 is a new 1 bedroom Shared Ownership apartment located on the first floor at Rivermead Gardens in Alton.
Spread across 554 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 are conveniently located with access to a wide range of shops, supermarkets, cafes, restaurants and green spaces.
Alton train station is within walking distance , providing direct access to London Waterloo in just over an hour, perfect for commuters.
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: £207,500 25% Share Value: £51,875 5% Deposit of Share Value: £2,594 Rent on Unowned Share (75%): £357 per month Service Charge: £190.37 per month Estimated monthly cost: From £831 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 £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 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.
Images shown are computer generated and indicative only.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About 3 Austen Place, Lower Turk Street, Alton, GU34 1FZ
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