2 bedroom apartment for sale
Bond Central, 74 Canal Walk, SO14 3LE
Share percentage 30%, full price £195,000, £5,850 Min Deposit.
Share percentage 30%, full price £195,000, £5,850 Min Deposit.
Monthly Cost: £782
Rent £373,
Service charge £112,
Mortgage £297*
Calculated using a representative rate of 4.64%
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
Available through our resale shared ownership scheme, a second floor, two-bedroom apartment in Southampton.
Description
The property comprises a communal entrance with entry system, lift access, open plan kitchen and reception, kitchen with integrated and standalone appliances, two bedrooms, family bathroom with shower over bath and hallway storage cupboard.
The property also benefits from access to a communal courtyard and roof terrace.
Lease: Commenced 2013 with 125-year term
Council Tax Band: Southampton City Council - B
Gross Internal Area: 699sq.ft.
FINANCIAL INFORMATION
Property Value = £195,000
Percentage Share = 30%
Share Price = £58,500
*Monthly Rent = £373.19
*Monthly Service Charge = £112.39
**Monthly Mortgage Payment = £299
***Annual Household Income = £26,000
*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
- Situated in a central & convenient area of Southampton City and close to major bus routes around Southampton.
- Ocean Village is a short distance away offering a variety of leisure & entertainment.
- Southampton Train Station offers services to, London Waterloo, Brighton, Cardiff, Manchester, Bournemouth and Portsmouth.
- The A33 is easily accessible offering a direct route to the motorway network.
Particulars
Tenure: Leasehold
Lease Length: 114 years
Council Tax Band: B
Property Downloads
Floor Plan 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 30%, full price £195,000, £5,850 Min Deposit. Calculated using a representative rate of 4.64%
