Share percentage 52%, full price £135,000, £3,510 Min Deposit.
Monthly Cost: £788
Service charge £388,
Mortgage £400*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
VIVID is pleased to offer this resale 1 bedroom flat Shared Ownership home for sale. Available at a 52% fixed equity share situated close to Ocean Village, restaurants and the Marina in Southampton.
Description
The property comprises an open plan kitchen and reception with a Juliette balcony. Fitted kitchen, double bedroom with built in wardrobes, 3-piece bathroom with shower over bath. Electric storage heating.
Communal pathways and parking area.
Key Features
- UPVC double glazing.
- Lift.
- Close to the Marina.
Particulars
Tenure: Leasehold
Lease Length: 103 years
Council Tax Band: B
Property Downloads
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 52%, full price £135,000, £3,510 Min Deposit. Calculated using a representative rate of 5.26%
