Summary - Lower Turk Street,
Alton,
GU34 1FZ GU34 1FZ
2 bed 1 bath Flat
Bright two-bedroom commuter home within walking distance of Alton station.
40% shared ownership option available from £114,000
5% deposit on share from £5,700 makes entry affordable
781 sq ft two-bedroom third-floor apartment, new-build
Allocated off-street parking and communal cycle storage
Integrated kitchen appliances; freestanding washer/dryer included
Service charge c. £252.34pcm (annual average £3,028.08)
Electric room heaters only — higher running costs likely
Local area recorded as higher crime levels; consider security
This third-floor, two-bedroom Shared Ownership apartment at Rivermead Gardens offers a practical route onto the housing ladder for first-time buyers. At 781 sq ft the open-plan living and kitchen space feels modern and bright, with integrated appliances and a freestanding washer/dryer included. Allocated parking and cycle storage add everyday convenience for commuters and local shoppers.
The location is a key selling point: a short walk to Alton town centre and Kings Pond, with Alton station within walking distance and direct trains to London Waterloo in about 68 minutes. New-build specification and a long lease (990 years) reduce immediate ownership risks often associated with older flats.
Be clear on the costs: the advertised price reflects a 40% share (£114,000) with a 5% deposit on the share from £5,700. Rent on the unsold 60% is noted at about £392pcm and the service charge averages £252.34pcm (annual average £3,028.08). Estimated total monthly cost is around £1,285—useful to compare with local rents or full purchase.
Important practical points: heating is by electric room heaters rather than gas central heating, which can be more expensive to run in winter. The development records a higher local crime level, which may affect some buyers’ sense of security. As a shared ownership leasehold, staircasing and resale terms should be checked in detail before committing.
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