Share Price £155,000 (from 100% Min. Share)

Full Value £155,000 | £7,750 Min. Deposit

Scheme: Shared Equity

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1 bedroom apartment in Southampton - City of Southampton

place Flat 7 Endeavour Court, 50 Channel Way, SO14 3GD

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One bedroom flat in Ocean Village, Southampton


Description

Offered for sale in this lovely development is a one bedroom flat in immaculate condition.

The property comprises of an entrance hall leading to the open plan living room and kitchen.

Off the hall is the bedroom and the family bathroom.

Please note that there is no option to staircase to a larger share on this property and the maximum available to purchase is 52%.

Service charge: £2067.64 p.a. (paid biannually)

Ground rent: £150 p.a. (paid biannually)

The gross external floor area of the property is approx 50sqm (538sqft) Please note that eligibility conditions apply and applicants will be means tested for affordability.


Key Features

  • One bedroom
  • Fixed equity of 52%
  • No rent payable on unowned share
  • Lease TBC
  • First floor

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Calculate Monthly Cost

Share price
£ 155,000
Min. £155,000
Share percentage
Min. 100%
Your deposit
Min. £7,750
Monthly cost*
£581
Cost breakdown
£0
Rent
£0
Service charge
£581
Mortgage*
Calculated using a representative rate of 1.39%
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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.