Share percentage 55%, full price £320,000, £8,800 Min Deposit.
Monthly Cost: £1,367
Rent £362,
Service charge £25,
Mortgage £980*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £80,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
Summary
Mid-terraced house with parking
Description
This spacious two bedroom, mid-terraced house is in Fair Oak, Southampton. Two parking spaces provided. Available on Shared Ownership resale you could buy with just a 5% deposit.
Featuring an open-plan living / dining room. The kitchen has an integrated oven and gas hob.
Upstairs, there are two spacious double bedrooms, with storage to the second. The bathroom has a modern, white suite.
You'll also have a garden and two parking spaces.
- Tenure: Leasehold.
- Council tax band: C.
- Service charge is reviewed once a year.
Key Features
- A spacious living area with doors to your back garden
- Fitted kitchen with oven, gas hob and hood
- White modern bathroom suite
- Two parking spaces
Particulars
Tenure: Leasehold
Lease Length: 121 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
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 55%, full price £320,000, £8,800 Min Deposit. Calculated using a representative rate of 5.03%
