Share Price £49,500 (from 30% Min. Share)

Full Value £165,000 | £2,475 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Southampton - City of Southampton

place VENTURA, KEEL ROAD, SO19 9UU

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Stunning 1 bed apartment with enviable location


Eligibility

Minimum household income requirement: £19,934^

Application process: A financial assessment must be completed before any physical viewing can take place. This forms part of Home Group’s buyer approval process. These assessments are carried out remotely by The Mortgage People. Once you have confirmed an interest in purchasing a property, the contact details will be made available.  

We will not carry out any credit checks or contact any reference agencies without your written consent.

Help to Buy Agent: In order to apply you must be registered with Help to Buy South https://helptobuyagent3.org.uk/user/. You will need to provide your HTB reference when completing the application process.

Current homeowners: Anyone who currently owns a home must have a sale agreed to apply.


Description

***Please quote VEN417 when enquiring.***

- Introduction -

Tired of renting with nothing to show for it? Relax in your own urban haven with this ideal 1-bed apartment. With enviable river views and close to Ocean Village, your home offers peace and tranquility in the heart of the city. What are you waiting for?

This property has an abundance to offer and is too good to miss! With neutral decoration throughout, just add you for a new place to call home.

 

- What the owner says -

“Lovely secure courtyard/communal garden. Great area with restaurants, bars and shops only a short walk away. So quiet in a central location. High quality modern finish, spacious and open plan. Secure entry, feels very safe.”

 

- Full description –

Shared ownership is a government backed scheme that can be a stepping stone to completely owning your own home. If you’re finding it difficult to save for a deposit this is a great option as the amount you’ll need is based on the share you’re buying. This property is only £49,500 for a 30% share!

 

One-bed apartment (upper floor)

Entrance hallway has a telephone entry system for your security and peace of mind.

Open plan living room/kitchen (7.0m x 2.62m) benefits from a Juliet balcony with views of the communal courtyard.

Master bedroom (4.87m x 2.76m) with fitted wardrobes.

Bathroom has a bath with overhead shower and glass shower screen.

Carpet is laid to the bedroom. Vinyl flooring is fitted in the kitchen and bathroom.

Electric heating.

Private landscaped communal courtyard with secure access.

Underground allocated parking

 

- Costs –

PRICE - £49,500*

RENT - £293pm

SERVICE CHARGE - £126.73**

*This represents a 30% share of the full open market value of £165,000

**This includes: management charge and service charge. Rent and service charges are reviewed annually.

 

- General Information -

Tenure: Leasehold

Lease: 125 years from 1st January 2019

Years remaining on lease: 124 approx.

Approximate internal area: 45 sq. m.

Local authority: Southampton City Council

Council tax band: A

EPC rating: B (83)

Ground rent: £150 pa

 

- Terms, conditions and requirements -

Minimum household income requirement: £19,934^

Application process: A financial assessment must be completed before any physical viewing can take place. This forms part of Home Group’s buyer approval process. These assessments are carried out remotely by The Mortgage People. Once you have confirmed an interest in purchasing a property, the contact details will be made available.  

We will not carry out any credit checks or contact any reference agencies without your written consent.

Help to Buy Agent: In order to apply you must be registered with Help to Buy South https://helptobuyagent3.org.uk/user/. You will need to provide your HTB reference when completing the application process.

Current homeowners: Anyone who currently owns a home must have a sale agreed to apply.


- Viewings -

In addition to the financial assessment, a virtual tour is required before any physical viewing can take place.

Virtual and physical viewings are held strictly by appointment - call today for more information.

Only those who have physically viewed the property are able to apply. If you have viewed and would like to apply please register your interest with the Resales Team.


Key Features

  • *£49,500 for a 30% share under the shared ownership scheme*
  • Viewing is highly recommended
  • Excellent starter home
  • Private communal landscaped courtyard
  • Underground allocated parking
  • Walking distance to public transport
  • Perfectly placed with easy access to Ocean Village
  • You can purchase more shares up to 100% when the time is right for you

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Calculate Monthly Cost

Share price
£ 49,500
Min. £49,500
Share percentage
Min. 30%
Your deposit
Min. £2,475
Monthly cost*
£667
Cost breakdown
£293
Rent
£127
Service charge
£247
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.