Please note, the majority of our shared ownership homes undergo a rent review in April 2024. The review will depend on the shared ownership lease, but the majority will see a 9.4% uplift to the rent. We will confirm the exact changes to the rent for this property as part of the sales process.
£350,000 for a 50% share
Open Market Value: £175,000
From £423 per calendar month
Service Charge: £23.95
Shared Ownership Resale
Available on shared ownership 1
14 Malvern Close, Eastleigh
Stonewater Homes are marketing this spacious shared ownership property on behalf of the vendor. This is a 3 Bedroom End Terraced House that consists of an entrance hallway, downstairs cloakroom, kitchen, living room, 3 bedrooms (2 doubles), family bathroom and a conservatory. There is a 50% share available for £175,000 with the ability to purchase additional shares of up to 100%. Service charges and rent at the property amount to £449.51. EPC rating is current 'B' with Gas central heating.
Externally you will find a lawned, enclosed rear garden and allocated parking for 2 cars. Additional parking is available on the road.
The property is located within walking distance of the local primary and secondary schools, shops and restaurants railway nearby with direct service to London.
Thank you for your recent interest in the above property. The seller is currently accepting viewings and if you would like to arrange a viewing, please contact the seller on the details below.
Seller Name: Rebecca Coleman / Luke Connolly
Seller Contact Details: 07756793442 / 07824774385
As a shared ownership home, you will need to be eligible for Shared Ownership.
As a reminder, to be eligible for shared ownership you will need to evidence:
• your household income is £80,000 a year or less (£90,000 a year or less in London)
• you cannot afford all of the deposit and mortgage payments for a home that meets your needs
One of the following must also be true:
• you’re a first-time buyer
• you used to own a home but cannot afford to buy one now
• you’re forming a new household - for example, after a relationship breakdown
• you’re an existing shared owner, and you want to move
• you own a home and want to move but cannot afford a new home that meets your needs
Please take note of the minimum income, (£53,185.00) which is based on the minimum deposit (£11,250.00) for this property. If you are placing a larger deposit, the minimum income will reduce. Always check with us if you are unsure whether you can afford the property.
If you are a serving member of the armed forces, you will have priority for shared ownership, so it is essential you let us know once you have arranged a viewing.
If you wish to proceed with purchasing the property after the viewing, please let us know as soon as possible by emailing commercialservices@stonewater.org and we will then be able to refer you for a financial assessment with an Independent Financial Advisor.
This is compulsory for all Shared Ownership purchases and does not interfere with any mortgage arrangements you have already made.
They will complete an assessment but you are not obliged to use them afterwards to arrange your mortgage, but can if you wish. You will also be required to complete a Stonewater application form. Further information on the financial assessment and application form will be provided. You will have 10 working days to complete the assessment and application with TMP before we will give the seller the choice as to whether they wish to move onto another buyer.
Please let us know if you need any further information and good luck with your viewing.
Interested in buying a shared ownership home? Follow our simple three step guide Find out more about shared ownership
What is shared ownership? Your questions answered Find out about shared ownership
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