2 bedroom apartment for sale
Pater Court, Portland Way, Knowle, PO17 5GN
Share percentage 50%, full price £195,000, £9,750 Min Deposit.
Share percentage 50%, full price £195,000, £9,750 Min Deposit.
Monthly Cost: £974
Rent £314,
Service charge £168,
Mortgage £492*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Flat on a Shared Ownership Basis
Description
A well-presented, ground-floor flat in the village of Knowle. Pater Court is part of a modern development constructed in a period style to compliment the converted Victorian-era hospital that it surrounds. The property available features a dual-aspect reception room with bay window. There is a sleek, semi-open-plan kitchen, an eighteen-foot main bedroom, a second, comfortable, double bedroom and a bathroom with travertine-style tiles. The bedrooms, kitchen and living room side window all face a pleasant area of lawn, hedgerow and trees. A pair of storage/utility cupboards have been provided in the entrance hallway and well insulated walls, modern double glazing and gas central heating make for a good energy-efficiency rating. The flat comes with use of a parking space or, alternatively, Fareham Station can be reached by bus and offers services to a number of destinations including Portsmouth, Southampton, Brighton and London Waterloo.
SHARED OWNERSHIP (Advertised price represents 50% share. Full market value £195,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/2zhv22c8]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: A2Dominion.
Tenure: Leasehold (125 years from 01/05/2010).
Minimum Share: 50% (£97,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £314.17 per month (subject to annual review).
Service Charge: £168.26 per month (subject to annual review).
Guideline Minimum Income: Dual - £29,300 | Single - £35,600 (based on minimum share and 10% deposit).
Council Tax: Band C, Winchester City Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).
Key Features
- Guideline Minimum Deposit £9,750
- Guide Min Income Dual £29.3k | Single £35.6k
- Ground Floor
- Approx. 716 Sqft Gross Internal Area
- Semi-Open-Plan Kitchen/Reception Room
- Modern Double Glazing and Gas Central Heating
- Parking Space
- Attractive Communal Grounds
Particulars
Tenure: Leasehold
Lease Length: 111 years
Council Tax Band: C
Property Downloads
Floor Plan BrochureMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 50%, full price £195,000, £9,750 Min Deposit. Calculated using a representative rate of 4.59%