2 bed Flat For Sale £62,500
Shared ownership (Advertised price represents 25% share. Full market value £250,000). A generously-proportioned and smartly-presented apartment on the top (fifth) floor of this recently-constructed building. The property has a 24' reception room with attractive, open-plan kitchen featuring integrated appliances. A door leads out onto an east/south-east-facing balcony. There is a spacious main bedroom with fitted wardrobe and stylish, en-suite shower room plus a second comfortable double bedroom and a bathroom. Two large storage/utility cupboards have been provided in the hallway and modern insulation standards, high performance glazing and a communal heating/hot water system have resulted in a very good energy-efficiency rating. Spenser is part of a substantial development close to Woolston Station and the Itchen Toll Bridge. A car park includes a space for this apartment and the city centre can also be easily reached by brief bus or cycle ride.
Interested parties are required to complete the shared ownership common application form [here; ]
Housing Association: Home Group.
Tenure: Leasehold (125 years from 2019).
Minimum Share: 25% (£62,500). The housing association might expect you to purchase a larger share, if affordable.
Shared Ownership Rent: £316.20 per month (subject to annual review).
Service Charge: £188.46 per month (subject to annual review).
Ground Rent: £250.00 for the year.
Guideline Minimum Income: Dual - £21,400 Single - £26,200 (based on minimum share and 10% deposit).
Council Tax: Band B, Southampton City Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).
What is shared ownership ?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (gla) in London and Homes England outside of London.
Is shared ownership for you ?
The gla and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full time permanent employment.
5. Be a British, EU or eea Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.
Fifth Floor
Reception
24' 6" max. X 14' 10" max. (7.47m x 4.52m)
Balcony
Kitchen
included in reception measurement
Bedroom 1
16' 7" max. X 9' 8" max. (5.05m x 2.95m)
En-Suite Shower Room
Bedroom 2
13' 4" into bay x 9' 0" (4.06m x 2.74m)
Bathroom
Interested parties are required to complete the shared ownership common application form [here; ]
Housing Association: Home Group.
Tenure: Leasehold (125 years from 2019).
Minimum Share: 25% (£62,500). The housing association might expect you to purchase a larger share, if affordable.
Shared Ownership Rent: £316.20 per month (subject to annual review).
Service Charge: £188.46 per month (subject to annual review).
Ground Rent: £250.00 for the year.
Guideline Minimum Income: Dual - £21,400 Single - £26,200 (based on minimum share and 10% deposit).
Council Tax: Band B, Southampton City Council. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).
What is shared ownership ?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (gla) in London and Homes England outside of London.
Is shared ownership for you ?
The gla and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full time permanent employment.
5. Be a British, EU or eea Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.
Fifth Floor
Reception
24' 6" max. X 14' 10" max. (7.47m x 4.52m)
Balcony
Kitchen
included in reception measurement
Bedroom 1
16' 7" max. X 9' 8" max. (5.05m x 2.95m)
En-Suite Shower Room
Bedroom 2
13' 4" into bay x 9' 0" (4.06m x 2.74m)
Bathroom
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