Share Price £77,500 (from 50% Min. Share)
Full Value £155,000 | £7,750 Min. Deposit
Scheme: Shared Ownership Resalescheck_circle Available now
2 bedroom apartment in Southampton - City of Southampton
place Target Place, 489 Butts Road, SO19 1AD
Available for resale shared ownership, a well presented two-bedroom, ground floor apartment situated in a popular residential area of Southampton and close to amenities.
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.
Target Place, 489 Butts Road, Southampton, SO19 1AD
The property comprises of a bright secure communal entrance with phone entry system, open plan living and dining room area with Juliette Balcony, fitted kitchen with inbuilt oven and hob, master bedroom with built in wardrobe, second double bedroom, family bathroom with shower over bath, combi boiler, recently renovated with new flooring, double glazing throughout and generous storage space.
The property also benefits from access to a well-maintained communal garden/courtyard, bike shed and an allocated off-street parking space.
Length of Lease: Approx. 112 Years
Council Tax Band: Southampton City Council - A
Gross Internal Area: 58m2
Property Value = £155,000
Percentage Share = 50%
Share Price = £77,500
Monthly Rent = £225.33 (from 1st April 2021) *
Monthly Service Charge = £128.20 (from 1st April 2021) *
Monthly Mortgage Payment = £388 **
Annual Household Income = £25,000 ***
*Please note the rent and service charge is reviewed annually on the 01 April.
** Based on a 90%, 25-year repayment mortgage with an interest rate at 4.5%.
***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).
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:
Please call the Sales Team on 0345 606 1221 and providethe following information:
Your Contact Number/Email
Your Hyde New Homes or Help to Buy reference number**
Your Deposit for the mortgage
If it is a Single/Joint application (if married it must be joint)
Your Current salary (single/Joint where applicable)
Do you have any children? If so, how many?
Do you own any pets? If so, what?
Are you a current homeowner?
**To obtain a Hyde New Homes Reference number, visit https://so.hydeform.co.uk/ to register and complete the online application. A reference number will be emailed to you once the application is completed. If you have a Help to Buy reference number, we will accept this as well.
• Situated in a quiet residential area of Sholing in Southampton
• Southampton City Centre is located 3.5 miles from the apartment and is easily accessible offering a wide variety of shops and restaurants.
• Sholing Train Station is located 1.5 miles from the apartment and offers services to Portsmouth and Southampton where further services are available to London Waterloo, Cardiff and Bournemouth.
Download DocumentsEnergy Certificate
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.