Share Price £129,000 (from 60% Min. Share)

Full Value £215,000 | £12,900 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Southampton - City of Southampton

place Lindoe Close, SO15 2SN

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Available for resale shared ownership, a beautifully presented and spacious ground floor two double bedroom apartment located close to Archers Road and The Avenue.


Description

PROPERTY DESCRIPTION

This well-presented shared ownership apartment in the sought-after central Southampton district of Bannister park is conveniently located within walking distance are the thriving Bedford place, Southampton common, Southampton Central train station and the city centre. Lindoe Close also benefits from nearby links to the University of Southampton, Southampton Solent University and Southampton General and Royal South Hants Hospitals.

The property is fully double glazed, with gas central heating and is presented with two double bedrooms, lounge, kitchen and bathroom with direct access to a patio area, and shared communal gardens.

Length of Lease: Approx. 161 Years

Gross Internal Area: 66m2

FINANCIAL INFORMATION

Property Value = £215,000

Percentage Share = 60%

Share Price = £129,000

*Monthly Rent = £169.53

*Monthly Service Charge = £133.58

**Monthly Mortgage Payment = £933

***Annual Household Income = £32,000

*Please note the rent and service charge is reviewed annually 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.


Key Features

LOCAL AREA INFORMATION

  • Located near the convenient Bedford place
  • Within a short walk of local amenities such as shops, bars, restaurants etc.
  • Located 1.1 miles from Southampton Central train station which offers direct links to London Waterloo, Portsmouth Harbour, Brighton and Cardiff Central
  • Located just off of the Avenue that links directly to the M3

Download Documents

Link to the floor plan Energy Certificate
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Calculate Monthly Cost

Share price
£ 129,000
Min. £129,000
Share percentage
Min. 60%
Your deposit
Min. £12,900
Monthly cost*
£860
Cost breakdown
£170
Rent
£134
Service charge
£556
Mortgage*
Calculated using a representative rate of 3.09%
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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.