2 bedroom terraced house for sale

*SHARED OWNERSHIP*

*AVAILABLE TO BE RESERVED OFF PLAN*

Stonebridge Shaw is pleased to bring to the market, in partnership with VIVID, this 2 bed, new build home. By enquiring with us your details will be provided to VIVID.

Apply now for a stunning newbuild Shared Ownership (part buy, part rent) 2 bedroom home. Shares start from 25%.

MINIMUM 25% SHARE ADVERTISED AT £83,125 - FULL MARKET VALUE £332,500.

Monthly rent example on un-owned 75% share: £571.48
Monthly initial estimated service charges: £35.69
Council Tax Band: TBC
Predicted energy assessment rating: B

Lease: 990 years

Shared Ownership, also known as 'part-buy, part-rent' is a great option for new home buyers, or for those struggling to save a large deposit. The Shared Ownership scheme allows you to purchase shares of your home, usually between 25% and 75%, initially and pay rent on the remaining share. Unlike buying on the open market, you don’t need a deposit for 100% of the property price. In many cases, you’ll only need a 5% deposit of the share you’re purchasing (subject to lender availability and criteria). You’ll need to be financially assessed to determine the share you are able to purchase.

Who can apply for Shared Ownership?

You can apply if your household income is £80,000 a year or less and you can’t afford to buy a suitable home on the open market.

If you’ve never owned a home before, Shared Ownership’s a fantastic opportunity to get on the housing ladder and it’s also a great option if you’re in one of the following groups:

• You’ve owned a home before, but can’t afford to buy one now

• You’re forming a new household (for example, following a relationship breakdown)

• You’re an existing Shared Owner and want to move to a new home

• You own a home, but can’t afford to buy a new one that suits your current needs

If you own another property in the UK or abroad, you’ll need to sell this at the same time as buying your new Shared Ownership home. So, if you’re a homeowner, VIVID will ask you to confirm your property’s under offer.

At Solent Walk, you can buy additional shares in your home over time if you’d like to, so that eventually you could own 100% of the property.

Please note the following:
•Eligibility conditions apply
•You must have a local connection to the Eastleigh Borough Council area either through residency, work or family.
•We may be required to discuss your application with the Local Authority
•The 25% example above shows the minimum share available. Applicants will be means tested to confirm the share they purchase and are required to purchase the maximum affordable % 
•Successful applicants will have a maximum of 28 days * to exchange contracts following VIVID’s solicitor issuing the contract pack. You must then complete on the purchase within a maximum 5 days of either exchange of contracts or following handover from the developer.
*Prices & projected handover dates are for guidance only and are subject to change. Our newbuild Shared Ownership homes are valued by a RICS (Royal Institute Charted Surveyor) surveyor which confirms the full market value for 3 months. Every 3 months we will have the homes revalued, to make sure they're in line with the current market. This means the price is non-negotiable. It also means the value of the homes could go up or down, so are subject to change.

If purchasing a property off-plan Handover dates are only projected and subject to change.  VIVID will inform you of any changes to projected handover dates as and when received by the developer. Please note that we are not able to give you detailed information to the reasons for any extended delays due to confidentiality agreements within the contracts between VIVID and the developer. By agreeing to reserve a property off-plan VIVID will not be responsible for any fees that you may incur due to delays in property completions. 

* or if all legal paperwork and the mortgage offer is in you must complete the sale.

SPECIFICATION:

Fitted kitchen including oven, hob and extractor

The homes will be decorated in a neutral style throughout

Rear Garden

Pets welcome

Residents' Parking

VIVID are selling these homes off plan, so viewings are not available until later on in your purchase.

LOCAL INFORMATION

Netley is a popular village set close to the River Hamble with a traditional high street with a bakers, convenience store, coffee shop, hairdressers and take-aways. Netley is well placed to enjoy beautiful country parks and woodlands, and on your doorstep you’ll find Royal Victoria Country Park which is steeped in war-time history. 

Netley offers the perfect opportunity to live close to Southampton with excellent motorway links to Portsmouth and Winchester. Netley has a train station and close by there is Hamble marina, dockyards and the Bursledon Windmill which is worthy of a visit as the last remaining working windmill in Hampshire. In nearby Hamble there are a great choice of local restaurants and pubs overlooking the river.

Southampton is a short drive away, where you’ll find a useful selection of retailers, restaurants, bars, cinema, theatre and leisure centres. West Quay offers up a further selection of retailers and entertainment, all in one place for added convenience. The local infant, primary and secondary schools are Ofsted rated good, making them an extremely suitable choice. You’ll also find a good selection of nurseries and pre-schools close-by for younger children.

Images shown may be photographs or CGI (computer generated images) of current or coming soon properties. Photographs or CGI images are produced in good faith as visual representations to give potential customers a representation of each house or apartment. They may not represent a specific plot, the finishes, plot sizes and landscaping will vary.

If you’re viewing this property on an App you may not be able to view full information, so please visit the VIVID Homes website

Note from the team at Stonebridge Shaw
We always aim to ensure our properties are displayed accurately with the photos, virtual tour, floor plans and descriptions provided. However these are intended as a guide and purchasers must satisfy themselves by viewing the property in person.



Tenure: Leasehold