2 bedroom house for sale
Forester Row, Heath Road, SO32 3AS
Share percentage 40%, full price £350,000, £14,000 Min Deposit.
Share percentage 40%, full price £350,000, £14,000 Min Deposit.
Monthly Cost: £1,491
Rent £548,
Service charge £233,
Mortgage £710*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Available through our resale shared ownership scheme, a two-bedroom, semi-detached house in Soberton Heath, Southampton.
Description
The property comprises a private and wheelchair accessible entrance, modern kitchen with integrated appliances, two bedrooms, understairs storage space, living area with French doors leading out to a private garden, family bathroom with shower over bath and W/C.
The property also benefits from a driveway and side gate access to private garden.
Applications will only be accepted from those who have a live/work/family connection to the following locations: A Rural Village in the Winchester District: Soberton Parish, Soberton, Soberton Heath, Newtown, Wickham, Southwick and Widley, Droxford, Swanmore, Corhampton and Meonstoke, Hambledon or Boarhunt, Badger Farm, Beauworth, Bishops Sutton, Boarhunt, Bramden and Hinton Ampner, Bighton, Cheriton, Chilcomb, Corhampton and Meonstoke, Compton and Shawford, Crawley, Curdridge, Droxford, Durley, Exton, Hambledon, Headbourne Worthy, Hursley, Itchen Stoke and Ovington, Itchen Valley, Kilmiston, Micheldever, Northington, Old Alresford, Olivers Battery, Otterbourne, Owslebury, South Wonston, Sparsholt, Tichborne, Twyford, Upham, Warnford, West Meon, Wonston.
Lease: Commenced 2017 with 125-year term
Staircasing restricted to 80%
Council Tax Band: Winchester Council - D
Gross Internal Area: 850.3sq.ft.
FINANCIAL INFORMATION
Property Value = £350,000
Percentage Share = 40%
Share Price = £140,000
Annual Ground Rent = £250.00
*Monthly Rent = £547.77
*Monthly Service Charge = £232.97
**Monthly Mortgage Payment = £715
***Annual Household Income = £55,000
*Please note the rent and service charge is reviewed annually 01 April.
** Based on a 90%, 30-year repayment mortgage with an interest rate at 5.5%.
***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 an 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.
Key Features
- Surrounded by green fields and forest, this property sits in a quiet village with a strong sense of community.
- With the Ofsted: Good Newtown Infant school down the road and the Ofsted: Outstanding Droxford Junior school a short drive away, school runs will be a breeze. There’s also a large play and recreation ground nearby.
- The Bold Forester pub, at the top of the road, serves excellent traditional food and craft ales.
- For woodland walk, the West Walk in the close by Forest of Bere is perfect and has many trails and activities on offer.
- The historical city of Portsmouth is just 20 minutes away by car and is excellent for eating out and shopping.
Particulars
Tenure: Leasehold
Lease Length: 118 years
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan Brochure Energy CertificateMap
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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 40%, full price £350,000, £14,000 Min Deposit. Calculated using a representative rate of 4.64%
