Share Price £72,000 (from 40% Min. Share)

Full Value £180,000 | £7,200 Min. Deposit

Scheme: Shared Ownership Resales

check_circle Available now

2 bedroom apartment in Fareham - Hampshire

place Coleridge Drive, PO15 7NN

Budget Calculator
Calculate monthly cost help
Sign in to Register Your Interest mail
favorite_outline Save Property

Available through a shared ownership resale scheme, a well-presented ground floor, two-bedroom apartment situated in a popular residential area of Whiteley.


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.
  • You have an income greater than £ 27000
  • Your deposit amount is greater than £ 7200

Description

Available through a shared shared ownership resale scheme, a well-presented ground floor, two-bedroom apartment situated in a popular residential area of Whiteley.

Property description:

The property comprises of a bright secure communal entrance with phone entry system, open plan living/dining room area, modern fitted kitchen with inbuilt oven & hob, large double bedroom, second double bedroom, family bathroom with shower over bath, double glazing throughout and generous storage space. The property also benefits from access to a well-maintained communal children’s play area, bicycle storage area & an allocated off-street parking space.

Length of Lease: Approx. 117 Years

Council Tax Band: Fareham Council Tax Band - B

Gross Internal Area: 62m2

LOCAL AREA INFORMATION

• This property is well placed for the cosmopolitan shopping, cinema, business and restaurant facilities within Whiteley.

• A short drive of the M27 providing motorway links to Portsmouth, Southampton, Bournemouth and the M3 to Winchester and London.

• Local bus routes and train station are also close to hand.

• Local primary/secondary schools within close proximity.

• Swanwick train station is 1.3miles from the property.

FINANCIAL INFORMATION

Property Value = £180,000

Percentage Share = 40%

Share Price = £72,000

Monthly Rent = £315.03

Monthly Service Charge = £143.28

Monthly Mortgage Payment = £360 **

Annual Household Income = £27,000 *

*Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced (approximately every 5% extra deposit reduces the salary required by £1,200).

** Based on a 90%, 25-year repayment mortgage with an interest rate at 4.5%

Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give a fair overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.

Contact us now to arrange a viewing:

Call 0345 606 1221 or email info@hydenewhomes.co.uk. Please ensure you are registered and approved for shared ownership by completing our application at so.hydeform.co.uk/index.


Download Documents

Energy Certificate

Accessibility

C – Lifetime Homes

Meets the space standards of the Lifetime Homes developed by the Joseph Rowntree Foundation. Designed to meet the space standards of Lifetime Homes. Main features include a level approach/entrance and wider doorways. This category will capture all new general needs housing built to Lifetime Homes standards. Properties achieving this category will not necessarily meet all Lifetime Homes design guidance as the LAHR framework does not assess features other than space and access. Properties may have an internal flight of stairs. If so, these will be wide enough to accommodate future provision of a stair lift subject to technical feasibility.


Budget Calculator
arrow_backwards Back to 2 bedroom apartment in Fareham - Hampshire

Calculate Monthly Cost

Share price
£ 72,000
Min. £72,000
Share percentage
Min. 40%
Your deposit
Min. £7,200
Monthly cost*
£768
Cost breakdown
£315
Rent
£143
Service charge
£310
Mortgage*
Calculated using a representative rate of 3.09%
help

Sign in to Register Your Interest mail
favorite_outline Save Property

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.