Share Price £82,500 (from 50% Min. Share)

Full Value £165,000 | £4,125 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Southampton - City of Southampton

place Flat 25 Gantry Court, SO15 1AR

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2 bedroom flat in Southampton


Eligibility

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.

Description

Offered for sale is this two bedroom flat in a popular, central location of Southampton.; ; The property comprises:; Hallway; Lounge with balcony 4.67m x 3.34m; Kitchen 3.2m x 2.0m; Bathroom; Bedroom 1 4.0m x 3.5m; Bedroom 2 3.35m x 2.15m; ; 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. Local applicants may have priority for these homes.


Key Features

Two bedrooms
Communal grounds
Lounge with balcony
5th Floor
Lease 125 years from October 2014


Download Documents

Link to the floor plan Energy Certificate
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Calculate Monthly Cost

Share price
£ 82,500
Min. £82,500
Share percentage
Min. 50%
Your deposit
Min. £4,125
Monthly cost*
£744
Cost breakdown
£170
Rent
£163
Service charge
£411
Mortgage*
Calculated using a representative rate of 3.94%
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Location

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.