3 & 4 bedroom homes
Shared Ownership
Basingstoke, RG23 7QQ
Under Reservation/Reserved
We're not currently taking enquiries for this development. Click here to search for other homes
Features
- 15 minutes’ drive from Basingstoke town centre & train station^
- Old Down Park + Beggarwood Park nearby
- 5 minutes’ drive from Hatch Warren Retail Park
- On-site Tesco Express
- 2 play areas available
- Primary school opening in the future (Date TBC)
- Plans for a community building and nursery
- 1 mile from junction 7 of the M3
Description
Please note, all Shared Ownership homes at Hounsome Fields are now under reservation/reserved.
Ideally suited for family life, Hounsome Fields benefits from 2 play areas, an on-site Tesco Express, and a network of interlinked footpaths and cycleways to explore. A new primary school is also due to open on-site and there are plans to build a community hub and nursery.
Local amenities include 2 excellent parks, the Holly Blue pub, and the Hatch Warren retail park, and you’ll be able to spend your weekends enjoying all the Leisure Park and town centre has to offer.
There’s also great travel links with the M3 just one mile away, and Basingstoke train station accessible in 15 minutes^.
A local connection to Basingstoke & Deane may be required*.
Gallery
Plans
Location
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Images and CGI’s are for illustration purposes only. Materials, specification, elevation, positioning may vary
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^Travel times are taken from google.co.uk/maps and are approximate only
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*Plot specific. Speak to a Sales Consultant for further information
FAQs
We partner with you to share the cost of buying your own home – you pay for the part you can afford and we’ll pay for the part that’s left. It’s an opportunity to buy the home that’s right for you without needing the large deposit or the mortgage that goes with it.
A deposit for a shared ownership home can start from just 5% of the share value you’re looking to buy. So for example:
If you’re looking to buy a home that has a 40% share value of £80,000, then your deposit could be as little as £4,000 - meaning you may be able to get on the property ladder sooner than first thought!
You can speak to our panel of financial advisors for more information around affordability.
- As long as you are over 18
- Your household income is less than £80,000
- And you don’t already own a home at the time of buying your shared ownership property
… then Shared Ownership could be right for you!
Some properties may be bound by local connection restrictions in order to make them affordable for local customers. We'll let you know if there are any restrictions in place when you are searching for a property.
You buy a share in your home that’s right for you. That could be from either 10/25% and up to 75% initially. You’ll pay a reduced rent to us on the share we own and a monthly service charge.
As your finances allow, you can buy further shares in your home as and when you choose, meaning you’ll own more and pay less rent.
Typically, you’ll only need a deposit that is 5% of the value of your share, rather than of the total property value, meaning you could get moving sooner than you thought.
Once you’ve settled in to your new home and you’ve made it your own, you may want to consider buying more shares – we call this staircasing, and we’re with you every step of the way.
The more shares in your home that you own, the less rent you pay. Almost all of our homes can be purchased outright, meaning that you could own 100% of your home. You’ll be able to find out whether this is possible for your home by speaking to our dedicated sales team.