Available through our resale shared ownership scheme, a two-bedroom, end of terrace house situated in a quiet residential area of Itchen, Southampton.

  

Property description:

The property has two floors, the ground floor comprises a spacious kitchen and reception with access to private paved garden.  The first floor comprises two bedrooms, a  master bedroom  and a family bathroom with shower over bath.

 

The property also benefits from access to loft and understairs storage, shed storage in garden and allocated parking.

 

Length of Lease: Approx. 70 Years

Council Tax Band: Southampton City Council – A

Gross Internal Area: 58.5m2

 

LOCAL AREA INFORMATION

  • Good rail links from Woolston Station and Sholing Station with direct services to Portsmouth and Southampton Central.  Southampton Central provides further services to Brighton, Bournemouth, London and Cardiff. 
  • The M27 is easily accessible and there are a number bus routes nearby on Sholing Road and Portsmouth Road.
  • Southampton City Centre offers a wide variety of shops, restaurants, entertainment and amenities.
  • You can enjoy the beautiful countryside via The Itchen Way, which is a long-distance footpath following the River Itchen from Alresford to Woolston.

 

FINANCIAL INFORMATION

Property Value = £215,000

Percentage Share = 50%

Share Price = £107,500

*Monthly Rent = £161.23

*Monthly Service Charge = £29.85

**Monthly Mortgage Payment = £538

***Annual Household Income = £23,000

 

*Please note the rent and service charge is reviewed annually 01 April.

** Based on a 90%, 25-year repayment mortgage with an interest rate at 4.5%.

***Is based on a 10% mortgage deposit.  If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced (approximately every 5% extra deposit reduces the salary required by £1,200).

 

Your home may be at risk if you do not keep up your mortgage and rent repayments.  Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract.  Areas, distances or measurements referred to are approximate.  For confirmation of property details refer to the terms of the lease and plans from your solicitor.  Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder.  Please note that the Resales Team have not visited this property.

Contact us now to arrange a viewing:

Please call the Sales Team on 0345 606 1221 and provide the following information:

Your Contact Number/Email

Your Hyde New Homes or Help to Buy reference number**

Your Deposit for the mortgage

If it is a Single/Joint application (if married it must be joint)

Your Current salary (single/Joint where applicable)

Do you have any children? If so, how many?

Do you own any pets? If so, what?

Are you a current homeowner?

**To obtain a Hyde New Homes Reference number, visit https://so.hydeform.co.uk/ to register and complete the online application.  A reference number will be emailed to you once the application is completed. 

 

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