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

Property description:

The property comprises a communal entrance with entry system, lift access, open plan kitchen and reception, kitchen with integrated and standalone appliances, two bedrooms, family bathroom with shower over bath and hallway storage cupboard. 

The property also benefits from access to a communal courtyard and roof terrace.

Lease: Commenced 2013 with 125-year term

Council Tax Band: Southampton City Council – B

Gross Internal Area: 699sq.ft.

LOCAL AREA INFORMATION

Situated in a central & convenient area of Southampton City and close to major bus routes around Southampton. Ocean Village is a short distance away offering a variety of leisure & entertainment. Southampton Train Station 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 = £195,000

Percentage Share = 30%

Share Price = £58,500

*Monthly Rent = £373.19

*Monthly Service Charge = £112.39

**Monthly Mortgage Payment = £299

***Annual Household Income = £26,000

*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 (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.