14-16 Park Street, Shirley, Southampton, Hampshire, SO16 4RP

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

  

Property description:

The property comprises a communal entrance with phone entry system, lift access, open plan kitchen and reception, modern fitted kitchen with inbuilt oven & hob, large double bedroom with built in wardrobe and second bedroom, family bathroom with shower over bath, double glazing throughout and two generous storage cupboards in hallway. 

 

The property also benefits from access to a well-maintained communal garden, communal bicycle storage and allocated off-street parking.

 

Length of Lease: Approx. 81 Years

Council Tax Band: Southampton City Council – A

Gross Internal Area: 50m2

 

LOCAL AREA INFORMATION

• Situated in a quiet and peaceful area of Southampton and within walking distance of local shops, supermarkets & amenities.

• Southampton Central which offers a wider variety of shops, restaurants, entertainment and other amenities.

• Southampton Central Train Station which offers direct services to; London Waterloo, Brighton, Cardiff, Portsmouth and Bournemouth.

• Easy access onto the M271 providing direct route to the motorway network.

• Within walking distance of local primary and secondary schools.

 

FINANCIAL INFORMATION

Property Value = £162,500

Percentage Share = 60%

Share Price = £97,500

*Monthly Rent = £0

*Monthly Service Charge = £74.84

**Monthly Mortgage Payment = £488

***Annual Household Income = £20,000

 

*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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