Share percentage 50%, full price £250,000, £6,250 Min Deposit
Monthly Cost: £1,063
Rent £190,
Service charge £177,
Mortgage £696*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Please note that eligibility conditions apply and applicants will be means tested for affordability. You may be assessed to purchase a larger share than advertised depending on your finances. Prices are subject to change.
Applicants with local connections may take priority.
Summary
VIVID is pleased to offer this re-sale 2 bedroom Shared Ownership flat for sale. Available from a 50% share situated in Southsea, Portsmouth.
Description
This two-bedroom apartment is located in the heart of Southsea.
The property features a spacious living room, a kitchen with an Oven, Hob and extractor. As well as space for your own washing machine and Fridge Freezer.
Two good size bedrooms - one double and one single. This property features a modern bathroom with a Whirlpool bath and entertainment system/screen. The bathroom also benefits from a shower over bath and window.
Enjoy the convenience of a private balcony with great sea views.
This property offers 1 allocated parking space.
Situated opposite a park and beach, it offers great walking spots and cafes. A 20 minute walk will take you to Gunwharf Quays which has lots of shops, restaurants and bars. Gunwharf also has Portsmouth and Southsea train station which has direct routes into London.
Key Features
Private Balcony
Sea Views
1 Allocated parking space
Window in bathroom
Great location
Particulars
Tenure: Leasehold
Lease Length: 115 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
Material Information
Total rooms: 2
Furnished: Unfurnished
Washing Machine: No
Dishwasher: No
Fridge/Freezer: No
Parking: Yes - Allocated
Outside Space/Garden: Yes - Private Balcony
Year property was built: 1890
Unit size: 62 square metres
Communal lift: No
Accessible measures: Enquire with provider
Heating: Gas Central
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 £250,000, £6,250 Min Deposit. Calculated using a representative rate of 5.03%
