New homes for sale at Rivermead Gardens (Shared Ownership)

This is a Shared ownership development by Legal & General Affordable Homes

A delightful and thriving community awaits you

A beautiful collection of 1 and 2 bedroom apartments available with Shared Ownership.

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.

Your new home at 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 integrated appliances and ample workspace to show off your culinary skills. All apartments come with an allocated parking bay too.

You'll be spoilt for choice with local amenities too including a pharmacy, post office, Sainsbury's, M&S and Waitrose plus a great selection of smaller shops, restaurants from tea and cakes, to pizza, Thai and gastro pubs.

Within just a mile, there are local primary and secondary schools that rated Good or above by Ofsted - perfect for a growing family. The homes at Rivermead Gardens are just a short walk from the town and close to the many green spaces and surrounding countryside.

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.

Legal & General Affordable Homes is offering a unique opportunity to purchase a new home here through Shared Ownership. Thanks to this scheme, you can get on the property ladder sooner than you think with a lower deposit.

Financial Breakdown:

Full Market Value: £207,500 - £297,500
40% Share Value: £83,000 - £119,000
5% Deposit of 40% Share: £4,150 - £5,950
Rent on Unowned Share (60%): £285 - £409 per month
Service Charge: £189.43 - £280.38 per month
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.

Share	Lower price	Upper price
40% share	£83,000	£116,000
45% share	£93,375	£130,500
50% share	£103,750	£145,000
55% share	£114,125	£159,500
60% share	£124,500	£174,000
65% share	£134,875	£188,500
70% share	£145,250	£203,000
75% share	£155,625	£217,500

Rivermead Gardens in Alton

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Example Shared ownership share price options