2 bedroom apartment for sale

Available

Davidson Drive, Fair Oak, SO50 7HX

£94,000 · Shared Ownership Resale

Share percentage 40%, full price £235,000, £9,400 Min Deposit.

Available
2 bedrooms
1 Bathroom
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£94,000 Shared Ownership Resale

Share percentage 40%, full price £235,000, £9,400 Min Deposit.

Monthly Cost: £886
Rent £328, Service charge £120, Mortgage £438*

Calculated using a representative rate of 3.82%

Calculate estimated monthly costs

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Summary

A Fantastic Opportunity to Purchase a Two Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis

Description

This flat is on the second (top) floor of a recently-built development. The elegantly-presented property features a spacious, open-plan kitchen/reception room with attractive flooring and a window at either end. The bedrooms are both good-sized doubles, there is a simple yet stylish bathroom and a useful storage cupboard has been provided in the entrance hallway. Well insulated walls and roof, high performance glazing and a modern gas central heating system make for a very good energy-efficiency rating. The flat comes with use of two allocated parking spaces and the nearby roads provide easy access to the M3 and M27. Alternatively, Eastleigh Railway Station, which offers services to a number of destinations, can be reached via bus or bike.

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM https://tinyurl.com/sjvdvtbr

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association:heylo.
Tenure:Leasehold (125 years from 2020).
Minimum Share:40% (£94,000).
Shared Ownership Rent:£328.40 per month (subject to annual review).
Admin Fee:£19.44 per month (subject to annual review).
Service Charge:£1207.54 for the year (estimated and subject to annual review).
Ground Rent:£180.00 for the year.
Guideline Minimum Income:Dual £23,900 | Single £29,900 (based on minimum share and 10% deposit).
Council Tax:Band B, Eastleigh Borough Council. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.

Key Features
  • Guideline Minimum Deposit £9,400
  • Guideline Income Dual £23.9k | Single £29.9k
  • Second (Top) Floor
  • Approx. 598 Sqft Gross Internal Area
  • High Performance Glazing
  • Open-Plan Kitchen/Reception Room
  • Gas Central Heating
  • Two Allocated Parking Spaces
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan Brochure Energy Certificate
Map
Eastleigh (2.05 miles) Hedge End (2.30 miles) Southampton Airport Parkway (2.64 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.

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  • 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.

£94,000
Shared Ownership Resale
Estimated Monthly Cost:£886
Rent £328
Service Charge £120
Mortgage £438

Share percentage 40%, full price £235,000, £9,400 Min Deposit. Calculated using a representative rate of 3.82%


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.