2 bedroom apartment for sale

Available

SPENSER, KEEL ROAD, SO19 9UT

£62,500 · Shared Ownership Resale

Share percentage 25%, full price £250,000, £3,125 Min Deposit.

Available
2 bedrooms
2 Bathrooms
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£62,500 Shared Ownership Resale · Eligibility Eligibility

Share percentage 25%, full price £250,000, £3,125 Min Deposit.

Monthly Cost: £964
Rent £472, Service charge £184, Mortgage £308*

Calculated using a representative rate of 3.82%

Calculate estimated monthly costs

£
Eligibility

- Terms, conditions and requirements -

Minimum household income requirement: £24,965 pa^

Deposit: If you will be obtaining a mortgage you will need at least £3,125 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 https://helptobuyagent3.org.uk/user/. 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.

- Viewings -

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.

Summary

Ideally located close to all local amenities and the town centre with bus and rail links.

Description

***Please quote SPE213 when enquiring.***

- Introduction -

Ideally located close to all local amenities and the town centre with bus and rail links. The apartment is fully accessible by lift with step free access from street level.

- 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 £3,125 for a 25% share!

- Spacious two bedroom apartment on the first floor fully accessible by lift.

- Hallway with two large storage/utility cupboards.

- Televisual entry system for security and peace of mind.

- Open plan living, dining, kitchen complimented by large windows.

- Kitchen with matching wall and base units with integrated electric oven and hob, extractor fan, dishwasher and fridge freezer.

- Master bedroom is double with en-suite and built in wardrobe.

- Second bedroom is also double with room for storage.

- Family bathroom has a bath and overhead shower with tiled surround, wash hand basin and WC.

- Vinyl flooring fitted throughout the property, with carpets fitted to each of the bedrooms.

- Electric radiators throughout.

- Balcony with space for furniture and plants.

- Allocated off street parking.

- Costs –

PRICE - £62,500*

RENT - £471.68 pm

SERVICE CHARGE - £183.99 pm**

*This represents a 25% share of the full open market value of £250,000

**This includes: management charge, service charge, building insurance and building fund. Rent and service charges are reviewed annually.

- General Information -

Tenure: Leasehold

Lease: 125 years from 1 January 2019

Years remaining on lease: 122 approx.

Approximate internal area: 79 sq.m.

Local authority: Southampton City Council

Council tax band: B

EPC rating: B (86)

Key Features
  • Key features
  • *£62,500 for a 25% share* available under the shared ownership scheme
  • Only £3,125 for a 5% deposit!
  • Lift (Step free access)
  • Private balcony
  • Waterfront development
  • Allocated parking
  • Two bathrooms
  • Public transport links in immediate vicinity
  • You can purchase more shares up to 100% when the time is right for you
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan Energy Certificate
Map
Woolston (0.29 miles) Sholing (0.77 miles) Southampton Town Quay (1.04 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.

£62,500
Shared Ownership Resale
Estimated Monthly Cost:£964
Rent £472
Service Charge £184
Mortgage £308

Share percentage 25%, full price £250,000, £3,125 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.