2 bedroom apartment for sale
Arcadia,, John Thornycroft Road,, SO19 9XF
Share percentage 75%, full price £240,000, £9,000 Min Deposit.
Share percentage 75%, full price £240,000, £9,000 Min Deposit.
Monthly Cost: £1,152
Rent £118,
Service charge £148,
Mortgage £886*
Calculated using a representative rate of 3.82%
Calculate estimated monthly costs
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.
Summary
Two bedroom apartment in Southampton
Description
Offered for sale is this very well presented two bedroom apartment in the popular city of Southampton.
The property comprises of an entrance hallway with storage cupboard leading to the generously sized lounge with space for dining area and open plan to the modern kitchen. The lounge has French doors opening onto a private balcony. The kitchen includes space for a fridge freezer and washing machine, along with a build in oven, electric hob and extractor fan.
There are two immaculately presented double bedrooms and a good sized bathroom with shower over bath.
The apartment has, unusually, a stunning unobstructed view of the river and overlooks a new children's play area. Nearby is the local high street is just a short walk away with frequent bus service into the city centre with its array of shops, restaurants and amenities.
Externally there is allocated parking.
Please note the price reflects a 75% share in the property (full market value of £240,000).
The rent payable on the unowned share is £118.03pcm.
The monthly service charge is £147.64.
Lease remaining of 123 years approx.
Key Features
75% share - full market value of £240,000
First floor
Leasehold - 123 years remaining
Allocated parking
Private balcony
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Map
The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.
- 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.
Share percentage 75%, full price £240,000, £9,000 Min Deposit. Calculated using a representative rate of 3.82%
