1 bed Flat For Sale £105,000
Shared ownership with no rent (Advertised price represents 75% share. Theoretical full market value £140,000 but see 'Please Note' below). This ground-floor flat has a south-west-facing reception room which is semi-open-plan to a naturally-lit kitchen. Other features include a spacious bedroom and a simple, white-tiled bathroom. To the rear of Addis House is a car park and residents are provided with an entrance fob. There is a Waitrose supermarket opposite and a selection of shops on nearby Portswood Road. St Denys Railway Station is within comfortable walking distance and the city centre can be easily reached via local bus. The attractive, open spaces of Southampton Common are also very accessible.
Please Note: 'Staircasing' is not permitted on this property. The equity share is capped at the 75% currently owned.
Interested parties are required to complete the shared ownership common application form
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(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: heylo.
Tenure: Leasehold (125 years less 1 day from 01/01/2001).
Share Available (Fixed): 75% (£105,000).
Shared Ownership Rent: N/A.
Combined Service Charge and Admin Fee: £76.17 per month (subject to annual review).
Ground Rent: £50.00 for the year.
Guideline Minimum Income: £21,700 (based on minimum share and 10% deposit).
Council Tax: Band A, 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.
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.
Ground Floor
Reception Room
15' 3" x 10' 8" (4.65m x 3.25m)
Kitchen
8' 8" x 7' 9" (2.64m x 2.36m)
Bedroom
11' 9" x 8' 4" (3.58m x 2.54m)
Bathroom
Entrance Hall
Please Note: 'Staircasing' is not permitted on this property. The equity share is capped at the 75% currently owned.
Interested parties are required to complete the shared ownership common application form
[]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: heylo.
Tenure: Leasehold (125 years less 1 day from 01/01/2001).
Share Available (Fixed): 75% (£105,000).
Shared Ownership Rent: N/A.
Combined Service Charge and Admin Fee: £76.17 per month (subject to annual review).
Ground Rent: £50.00 for the year.
Guideline Minimum Income: £21,700 (based on minimum share and 10% deposit).
Council Tax: Band A, 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.
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.
Ground Floor
Reception Room
15' 3" x 10' 8" (4.65m x 3.25m)
Kitchen
8' 8" x 7' 9" (2.64m x 2.36m)
Bedroom
11' 9" x 8' 4" (3.58m x 2.54m)
Bathroom
Entrance Hall
