Share Price £100,000 (from 100% Min. Share)
Full Value £100,000 | £5,000 Min. Deposit
Scheme: Shared Equitycheck_circle Available now
1 bedroom apartment in Southampton - City of Southampton
place Flat 4 Rosebrook Court, Beech Avenue, Bitterne Park, SO18 4HS
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 .
£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.
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:
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
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.
- 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
Download DocumentsProperty brochure 1 Property brochure 2 Energy Certificate
A – Wheelchair Accessible Throughout
Meets the design standards from the Wheelchair Housing Design Guide which superseded the Housing Corporation wheelchair design standards. These properties have been designed to meet latest wheelchair accessible housing design standards, offering extra space and full access to all rooms and facilities. This standard provides more space than previous wheelchair housing design guidance and also ensures that all rooms are accessible. In view of the high density of new build housing stock in London, the parking features have been excluded from this category. This will enable wheelchair accessible homes built above ground floor level to be categorised as such.