Share percentage 55%, full price £260,000, £7,150 Min Deposit
Monthly Cost: £1,111
Rent £274,
Service charge £40,
Mortgage £797*
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
One bedroom semi-detached house with a garden
Description
This spacious one bedroom, semi-detached house is in Lee-on-the-Solent. Parking and garden! Available on Shared Ownership resale, you could buy with just a 5% deposit.
Featuring a spacious open-plan living area with doors to your back garden. The kitchen has an integrated oven, gas hob and hood. On this floor, you'll also find a WC.
Upstairs, the bedroom is a spacious double with an ensuite. You'll also have your own parking space.
Key Features
- Open-plan living area with doors to your back garden
- Fitted kitchen with oven, hob and hood
- Ensuite to master bedroom
- 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
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Allocated
Outside Space/Garden: Yes - Private Garden
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
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 55%, full price £260,000, £7,150 Min Deposit. Calculated using a representative rate of 5.03%
