Available through our resale shared ownership scheme, a ground floor, two-bedroom apartment in Southampton.

  

Property description:

The property comprises a private entrance, reception room, kitchen with integrated appliances, two bedrooms, family bathroom with shower over bath and hallway storage cupboard. 

The property also benefits from a recent lease extension of 90 years, access to a communal garden and off-street parking.

Lease: Commenced 2004 with 99-year term

Council Tax Band: Southampton City Council – C

Approx. Gross Internal Area: 669sq.ft.

LOCAL AREA INFORMATION

  • The local high street is a mile away with a selection of grocery shops, cafes, banks and other amenities.
  • Within a two-mile radius is Southampton General Hospital, Southampton Common, Southampton Sports Centre and Southampton Municipal Golf Course. 
  • Several schools are located nearby, including the University of Southampton.
  • For easy access to the motorway the M27 and M3 are nearby, and the nearest train station is Swaythling. Public and Unilink buses are in regular service, the nearest bus stops are conveniently located near the apartment on Bassett Avenue.

FINANCIAL INFORMATION

Property Value = £190,000

Percentage Share = 45%

Share Price = £85,500

*Monthly Rent = £333.90 (£358.27 from 1st April 2024)

*Monthly Service Charge = £99.24 (£123.19 from 1st April 2024)

**Monthly Mortgage Payment = £437

***Annual Household Income = £31,000

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

** Based on a 90%, 30-year repayment mortgage with an interest rate at 5.5%.

***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced. 

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.

Read more...