2 bedroom house for sale
Merritt Way, Waterlooville, PO8 9WN
Share percentage 50%, full price £315,000, £15,750 Min Deposit.
Share percentage 50%, full price £315,000, £15,750 Min Deposit.
Monthly Cost: £1,267
Rent £435,
Service charge £37,
Mortgage £795*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom House on a Shared Ownership Basis
Description
This smartly-presented property forms the middle of a short, three-house terrace and is part of a recently-built Linden Homes development on the semi-rural outskirts of Waterlooville. Internal layout is conventional with a cloakroom and sleek kitchen at the front and, at the rear, a reception room that opens onto a south-east-facing garden with patio and lawn. Upstairs are two comfortable double bedrooms and a stylish bathroom. Well insulated walls, roof and floor, high performance glazing and a modern gas central heating system have resulted in a very good energy-efficiency rating. The house comes with parking for two cars and is conveniently located for access to the A3. The town centre can also be reached via local bus or by brief bike ride. Ofsted list four primary schools and a secondary school within a mile-radius, all rated 'Good' and the nearest primary just a few minutes walk away.
SHARED OWNERSHIP (Advertised price represents 50% share. Full market value £315,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/9n2z3xyv]
(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: Heylo. Heylo Housing requires that all applicants must have a permanent right to reside in the UK.
Tenure: Leasehold (125 years from 20/12/2019).
Minimum Share: 50% (£157,500).
Shared Ownership Rent: £434.81 per month (subject to annual review).
Service Charge: £37.31 per month (subject to annual review).
Guideline Minimum Income: Dual - £42,800 | Single - £49,000 (based on minimum share and 10% deposit).
Council Tax: Band B, Havant Borough 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.
Key Features
- Guideline Minimum Deposit £15,750
- Guide Min Income Dual £42.8 | Single £49k
- Two Storey, Two Bedroom, Mid Terrace House
- Approx. 684 Sqft Gross Internal Area
- Very Good Energy-Efficiency Rating
- Bathroom plus Ground Floor Cloakroom
- South East Facing Rear Garden
- Two Parking Spaces
Particulars
Tenure: Leasehold
Lease Length: 120 years
Council Tax Band: B
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 £315,000, £15,750 Min Deposit. Calculated using a representative rate of 4.59%