Share percentage 50%, full price £235,000, £5,875 Min Deposit.
Monthly Cost: £990
Rent £275,
Service charge £60,
Mortgage £655*
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
Ground floor apartment with parking
Description
This two bedroom, ground floor apartment is in Lee-on-the-Solent. Dual-aspect windows and parking provided! Available on Shared Ownership resale, you could buy with just a 5% deposit.
Featuring an open-plan living area with dual-aspect windows. The kitchen is fitted with an integrated oven, gas hob and hood.
There are two comfortable bedrooms. The bathroom has a modern, white suite. You'll also have your own parking space.
Key Features
- Open-plan living area
- Fitted kitchen with oven, hob and hood
- Modern, white bathroom suite
- Your own parking space
- Service charge is reviewed once a year
Particulars
Tenure: Leasehold
Lease Length: 120 years
Council Tax Band: B
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 50%, full price £235,000, £5,875 Min Deposit. Calculated using a representative rate of 5.03%
