1 bedroom apartment for sale
Available
Keel Road, SO19 9UT
£70,000 · Shared Ownership Resale

Share percentage 40%, full price £175,000, £3,500 Min Deposit.

Available
1 bedroom
£70,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 40%, full price £175,000, £3,500 Min Deposit.

Monthly Cost: £720
Rent £244, Service charge £127, Mortgage £349*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

£
Eligibility

Additional eligibility requirements: All applicants will need to be qualified by the local council.

Summary

A perfect starter home boasting it's own private balcony and is ideally located close to all of your local amenities in the town centre and Woolston High Street.

Description

- 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. At this property a 5% deposit is within reach - just £3,500 for a 40% share!

- One bed second floor apartment
- Hallway with storage cupboard and televisual entry system for security and peace of mind
- Living room boasting 2 large windows and a door opening onto a private balcony
- Open plan kitchen diner with matching wall and base units, electric oven and hob, built in extractor and integrated fridge freezer and dishwasher.
- Master bedroom with built in wardrobes and window providing views of the communal garden area
- Bathroom with bath and overhead shower, WC and built in wash hand basin
- Amtico flooring throughout with carpet fitted to the bedroom.
- Central heating
- Communal gardens
- Allocated private parking space

- Costs -
PRICE - ££70,000*
RENT - £244.38pm
SERVICE CHARGE - £127.35**
*This represents a 40% share of the full open market value of £175000
**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: 123 approx.
Approximate internal area: 46 sq. m.
Local authority: Southampton City Council
Council tax band: A
EPC rating: B (85)

- Terms, conditions and requirements -

Minimum household income requirement: £22,836^

Deposit: If you will be obtaining a mortgage you will need at least ££3,500 in savings (i.e. a 5% deposit).

^If your deposit is more than 5%, the minimum income requirements may be less. Please contact us for further details.

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 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.

Pets: Pets are not permitted in buildings with communal areas.

Additional eligibility requirements: All applicants will need to be qualified by the local council.

- 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

*£70,000 for a 40% share* available under the shared ownership scheme

Allocated private parking

Walking distance to public transport and station.

Easy access to Weston Shore, town centre and Woolston High Street

You can purchase more shares up to 100% when the time is right for you

Communal garden area

Excellent starter home

Map
Hook (31.26 miles) Cobham & Stoke D'Abernon (51.64 miles) Heathrow Terminal 4 (55.51 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

Read More Read Less
  • 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.

£70,000
Shared Ownership Resale
Estimated Monthly Cost:£720
Rent £244
Service Charge £127
Mortgage £349

Share percentage 40%, full price £175,000, £3,500 Min Deposit. Calculated using a representative rate of 3.94%


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.