Available through a shared ownership resale scheme, a well presented first floor, two-bedroom apartment situated in a popular residential area of Southampton and close to amenities.

  

Property description:

The property comprises of a bright communal entrance with phone entry system and lift access, open plan living/dining room area leading to a balcony area, modern fitted kitchen with stand-alone, large double bedroom with fitted wardrobe, second spacious bedroom and family bathroom with shower over bath. The property also benefits from an airing cupboard.

 Please note: a permit is required for parking.

 

Length of Lease: Approx. 118 Years

Council Tax Band: Southampton City Council Tax Band – B

Gross Internal Area: 55m2

 

LOCAL AREA INFORMATION

  • Situated in a central and convenient area of Southampton City
  • Within walking distance of shops, bars, restaurants and amenities.
  • Ocean Village is a short distance offering a variety of leisure & entertainment.
  • Located close to major bus routes around Southampton.
  • 0.8 miles from Southampton Train Station which offers services to; London Waterloo, Brighton, Cardiff, Manchester, Bournemouth and Portsmouth.
  • The A33 is easily accessible offering a direct route to the motorway network.

 

FINANCIAL INFORMATION

Property Value = £190,000

Percentage Share = 40%

Share Price = £76,000

*Monthly Rent = £243.79

*Monthly Service Charge = £78.20

**Monthly Mortgage Payment = £380

***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 a fair 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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