Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.

Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.

Read more about Shared ownership (Opens in new window)

Longacre, 2 bed homes


Longacre, Basingstoke, Basingstoke and Deane, RG23 7FG

Shared ownership

Starting prices

50% share from
£144,975
Full price
£289,950
Minimum deposit
£7,249
Monthly rent
£332

Overview

Longacre,  Basingstoke is made up of 2 bedroom houses now available on part buy - part rent. 


Local area information

Placed in an ideal location near central Basingstoke, with nearby countryside and good access to major road networks, these 2 bedroom houses for sale in Basingstoke strike the perfect balance between town convenience and country living.

This wonderful development is situated west of Winchester Road, south of the Hatch Warren Roundabout, and is just three miles from the centre of town, meaning the perfect day out is never far away. On your doorstep, you will find stunning parks, high street and independent-named shops, walking routes and play areas. Enjoy the historic Roman heritage of this Hampshire cultural centre, the beauty of local parks and commons, or go shopping at Festival Palace.

Longacre is also fantastic for growing families, with ‘Good’ Ofsted rated daycare centres and nurseries just a stone’s throw from your doorstep. With such easy access to the Hampshire countryside, main roads, amenities and nurseries, our new property for sale in Basingstoke are the perfect fit for anyone looking to put down roots.

*Images are for illustrative purposes only. Please speak to Sales Adviser for full details*


Plot availability

Plot number Penrith - 2 bed
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 50%
Minimum share price £144,975
Full market price £289,950
Ownership Leasehold

The Penrith is a terrific 2 bedroom coach house with two carports or a garage and carport. It has a spacious open plan kitchen/living/dining room and a conveniently placed bathroom. Both bedrooms are doubles.

Features:

  • 2-bed home
  • Coach house
  • Two carports or a garage and carport
  • Open plan kitchen/living/dining
  • Stainless steel single oven/gas hob/splashback behind hob/chimney style extractor hood
  • Fully fitted kitchen with laminate worktop and upstand

*Images are for illustrative purposes only. Please speak to Sales Adviser for full details*

**Prices vary across plots please speak to a sales advisor for more information**


FAQ's

Min share price from: £144,975 for a 50% share
Full price from: £289,950
Minimum deposit from: £7,249
Bedrooms: 2
Bathrooms: 1

There is only one available priced at £144,975 for a 50% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

Heylo Housing
Shared ownership

Starting prices

50% share from
£144,975
Full price
£289,950
Minimum deposit
£7,249
Monthly rent
£332