1 bedroom apartment for sale
Available
Flat 4 Rosebrook Court, Beech Avenue, Bitterne Park, SO18 4HS
£100,000 · Shared Equity

Share percentage 100%, full price £100,000, £5,000 Min Deposit.

Available
1 bedroom
1 Bathroom
Communal Garden
Parking
Accessible
£100,000 Shared Equity · Eligibility Eligibility

Share percentage 100%, full price £100,000, £5,000 Min Deposit.

Monthly Cost: £375
Mortgage £375*

Calculated using a representative rate of 1.39%

Calculate estimated monthly costs

£
Eligibility

£75,000 -Based on a 75% share

Shared equity purchase means you buy a 75% share of the property, while Saxon Weald retain ownership of the remaining 25%. There is no rent to pay on the portion owned by Saxon Weald.

The minimum age criteria is 60 years if age. If you are interested in purchasing as a couple, then one person must be at least 60.

Applicants must complete an Expression of Interest form and arrange to view the property.


Upon request, applicants must provide supporting documentation noted on the Expression of Interest form so a thorough affordability assessment can be carried out

It is a Saxon Weald requirement that applicants have a maximum of £500,000 available to them in savings, assets and sale proceeds at the time of applying. Applicants who exceed this amount will be automatically declined, unless there are exceptional circumstances. Please ask for further details.


If the affordability assessment is successful a Scheme and Care Manager assessment is to be carried out.


On successful completion of both assessments above, applicants will be issued with a formal offer to purchase which will need to be accepted alongside a reservation fee of £500.

Summary

A one-bedroom, ground floor, Older People's Shared Ownership resale apartment is available at Rosebrook Court, Southampton on a 75% purchase share of £75,000 .

Description

AVAILABLE

A one-bedroom, ground floor, Older People's Shared Ownership resale apartment is available at Rosebrook Court, Southampton on a 75% purchase share of £75,000.

A monthly charge of £487.13 applies from 1 April 2021 to 31 March 2022 (subject to final confirmation) which is made up of the following:

Catering overheads

Leasehold charges: which includes the cost of Building insurance, management fee and sinking fund for major structural repairs

Personal charges: which includes the call system in the property and providing heating and water to the property

Service charges: which includes communal cleaning

Support charge

An additional charge applies for meals taken in the restaurant.

This spacious, comfortable flat comprises of one-bedroom, double-glazing, modern kitchen with built-in oven, hob and extractor hood. All the flats are fitted with easy-grip lever taps, and plug sockets and switches are sited at a suitable height. Bathrooms feature level access showers (with folding seat) and non-slip flooring. Handrails are fitted to assist mobility.

Key Features
  • One-bedroom, ground floor apartment
  • Professional Care Team on-site
  • Stylish restaurant
  • Comfortable residents lounge
  • Wheelchair access
  • Emergency alarm system
  • Two lifts
  • Guest suite for visitors
  • Off-road parking

Property Downloads
Brochure Brochure Energy Certificate
Map
Hook (30.67 miles) Cobham & Stoke D'Abernon (50.74 miles) Heathrow Terminal 4 (54.74 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.

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  • 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.

£100,000
Shared Equity
Estimated Monthly Cost:£375
Rent £
Service Charge £
Mortgage £375

Share percentage 100%, full price £100,000, £5,000 Min Deposit. Calculated using a representative rate of 1.39%


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.