These homes are now over 85% sold!
Chapel Riverside, Southampton is the new destination for modern waterside living, offering high quality one and two bedroom apartments.
This development is in a prime location on the west bank of the River Itchen with direct connections to Southampton’s vibrant city centre.
With its spectacular architecture, Chapel Riverside takes full advantage of its surrounding riverside setting. The building is situated among wide boulevards and striking landscaped communal gardens with river views. The development is the essence of modern day living in a city with great plans for the future with new cafes and more.
Each apartment features stylish and contemporary specifications, including bespoke kitchen and bathrooms, underfloor heating throughout controlled from your smart device and video entry phone. All apartments also benefit from allocated parking, get in touch with us for further information.
At Chapel Riverside, you can buy a 50% share, with the opportunity to buy further shares (up to 100%). The beauty of this flexible ownership model means a smaller deposit and a smaller mortgage, topped up by rental payments on the remaining balance to reduce your monthly costs, compared to an outright purchase. It’s a perfect first step onto the property ladder for new home owners.
What is Shared Ownership, how does it work & what are the benefits?A shared ownership purchase allows you to buy a share of a property and pay rent on the part you don’t own at a reduced rate. It is designed to help people with a smaller deposit and/or lower income to get on to the property ladder and is particularly aimed at first-time buyers. The scheme can be potentially cheaper than renting, but the main benefit is that you own a percentage of the home and therefore not all of your money is lost in rent. Also, more often than not, your monthly repayments work out cheaper than if you had an outright mortgage. Of course, you also stand to benefit from any increase in value of the share you have purchased.
For further information and to find out if you are eligible to purchase one of these stunning apartments please contact Morris Dibben in Southampton.