3 bedroom terraced house for sale
Key information
Property description & features
- Tenure: Leasehold (124 years remaining)
- Modern Shared Ownership home
- Chain free
- Three double bedrooms
- Car port
- Private garden
- En suite
This spacious home is available to buy from as little as £120,000 with a 40% share!
The ground floor comprises a large car port with gated access to the rear garden and a side door into the house, entrance hall, cloakroom and a utility room leading out to the garden. Next to the front door is a storage cupboard with a roller shutter.
The first floor has the spacious living room with double doors into the kitchen, the second double bedroom and the family bathroom.
The second floor hosts the main bedroom with built in wardrobe and en suite shower room, the third double bedroom and an additional storage cupboard.
Externally there is a rear garden with patio area and lawn.
Positioned on the Eastern edge of The New Forest National Park, just a short drive from the local beaches at Lepe Country Park and Calshot. Various amenities are conveniently situated in Blackfield centre including schools, shops and a bus service to the surrounding areas including Hythe Marina Village and the vibrant port city of Southampton.
PRICING & AFFORDABILITY
Approximate Size 137 sq m
Full Market Value: £300,000
40% Share Price: £120,000 (rent £412.50pcm)
50% Share Price: £150,000 (rent £343.75pcm)
75% Share Price: £225,000 (rent £171.88pcm)
Minimum 5% Mortgage Deposit (40% share): £6,000
Approximate Service Charges: £33.24PCM*
Shared Ownership Lease: 125 approx. years
Council Tax Band: B
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change.
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Property reference SDO240553. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by SOWN - National.
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Broadband availability and predicted speed: obtained from Ofcom on June 10, 2022
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on June 10, 2022
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on June 12, 2024 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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