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

The property comprises a communal entrance with entry system, fitted kitchen with integrated appliances, private Juliette balcony, two bedrooms, master bedroom including double fitted wardrobes, two storage cupboards in hallway and a family bathroom with shower over bath. 

The property also benefits from access to a communal garden and allocated parking.

Lease: Commenced 2006 with 99-year term

Council Tax Band: Southampton City Council – A

Gross Internal Area: 764.2sq.ft.

LOCAL AREA INFORMATION

• Close proximity to Southampton City Centre and the Ocean Village development which offer a wide variety of shops, restaurants, bars, entertainment and other amenities.

• Within walking distance to cinema, supermarket, schools, GP, Dental surgery and access to local bus routes.

• Southampton Central Train Station is located 1.1 miles from the property and offers direct services to; London Waterloo, Brighton, Manchester, Bournemouth and Cardiff.

• The M27 is easily accessible providing direct route to London and other major cities.

• Solent University is a short walk away and there are regular buses to Southampton University, as well as the new forest.

FINANCIAL INFORMATION

Property Value = £150,000

Percentage Share = 50%

Share Price = £75,000

*Monthly Rent = £327.67 (From April 01 £348.31)

*Monthly Service Charge = £320.43 (From April 01 £404.30)

**Monthly Mortgage Payment = £383.00

***Annual Household Income = £40,000

*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.

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