Share Price £78,750 (from 50% Min. Share)

Full Value £157,500 | £7,875 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Hampshire

place Carpathia Drive, SO14 3GU

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Second floor two bedroom apartment situated in a central area of Southampton.


Eligibility

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.
  • You have an income greater than £ 31,000
  • Your deposit amount is greater than £ 7,875
  • Please make sure you are registered & approved on www.hydenewhomes.co.uk & www.helptobuysuth.co.uk

Description

Carpathia Drive, Southampton, Hampshire, SO14 3GU

Available through a shared ownership resale scheme, a bright and spacious second floor two bedroom apartment situated in a central area of Southampton.

Property Description

The property comprises of a bright secure communal entrance with phone entry system, 17ft by 15ft open plan living/dining room area leading out to a south facing juliette balcony, modern fitted kitchen with inbuilt oven & hob, large double bedroom with built in wardrobe, second double bedroom, family bathroom with shower over bath, large storage cupboard in hallway and double glazing throughout. The property also benefits from access to a well-maintained communal garden & an allocated off street parking space. EPC current C (74) and potential B (83).

Shared Ownership Length of Lease: Approx. 85 Years

Council Tax Band: Southampton City Council Tax Band - A

Gross Internal Area: 69m2

FINANCIAL INFORMATION
Property Value = £157,500
Percentage Share = 50%
Share Price = £78,750
Monthly Rent = £248.46
Monthly Service Charge = £175.67
Mortgage Payment ** = £473
Household Income = £31,000
** Based on a 90%, 25-year repayment mortgage with an interest rate at 4.5%
Your home may be at risk if you do not keep up your mortgage and rent repayments. These particulars are believed to be correct and are intended to give a fair overall description of the property but are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of exact property details please refer to the terms of the lease and plans from your solicitor. All photographs and details excluding financial information are provided by the leaseholder. Please note that the Resales Team have not visited this property.

Contact us now to arrange a viewing:
Call 0345 606 1221, option 1 or email info@hydenewhomes.co.uk


Key Features

LOCAL AREA INFORMATION

• Within close proximity to Southampton City Centre and the Ocean Village development which offer a wide variety of shops, restaurants, bars, entertainment and other amenities.

• Within walking distance to cinema, supermarket, schools, GP, Dental surgery and access to local bus routes.

• Southampton Central Train Station is located 1.1 miles from the property and offers direct services to; London Waterloo, Brighton, Manchester, Bournemouth and Cardiff

• The M27 is easily accessible providing direct route to London and other major cities.


Download Documents

Link to the floor plan Energy Certificate

Accessibility

C – Lifetime Homes

Meets the space standards of the Lifetime Homes developed by the Joseph Rowntree Foundation. Designed to meet the space standards of Lifetime Homes. Main features include a level approach/entrance and wider doorways. This category will capture all new general needs housing built to Lifetime Homes standards. Properties achieving this category will not necessarily meet all Lifetime Homes design guidance as the LAHR framework does not assess features other than space and access. Properties may have an internal flight of stairs. If so, these will be wide enough to accommodate future provision of a stair lift subject to technical feasibility.


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Calculate Monthly Cost

Share price
£ 78,750
Min. £78,750
Share percentage
Min. 50%
Your deposit
Min. £7,875
Monthly cost*
£795
Cost breakdown
£248
Rent
£208
Service charge
£339
Mortgage*
Calculated using a representative rate of 3.09%
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Location

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.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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.