Share Price £77,500 (from 50% Min. Share)

Full Value £155,000 | £7,750 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Southampton - City of Southampton

place Target Place, 489 Butts Road, SO19 1AD

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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

Property description:

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 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.

Key Features

• 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.

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Energy 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.

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Share price
£ 77,500
Min. £77,500
Share percentage
Min. 50%
Your deposit
Min. £7,750
Monthly cost*
Cost breakdown
Service charge
Calculated using a representative rate of 3.09%

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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.