Full price: £140,000 The full value of the property
Share value: 25% - £35,000
Estimated monthly cost*: £649
Estimated Monthly Mortgage*: £175
SO Resi Monthly Payment: £306.37 The monthly payment you make for the share of the home that you don't own
Monthly Service Charge**: £166.69 Residents of a development pay this for maintenance of communal/external areas
* Costs shown are approximate, mortgage figures are shown for illustration purposes only and use a guide interest rate of 3.99%. The actual rate will depend on your circumstances and you should seek mortgage advice to establish a personalised illustration of your mortgage.
** Residents of a development pay this for maintenance of communal/external areas
Years on lease: 87
This well-presented flat in Fareham is available for sale through the Shared Ownership Scheme. The property comprises one double bedroom, fitted kitchen, spacious living area and bathroom with shower over bath. Externally the property offer well-kept communal spaces and one allocated car parking space.
- Minimum income requirement - £15,581
- Income requirement reduces if a higher deposit's available
- Buy more shares for a minimum of 10%
The property is well located for access to all amenities and facilities at nearby Fareham, or at Whitely retail park. The M27 motorway is also accessible from this location.
Second floor flat
Allocated parking space
Close to local amenities in Fareham
Available for 25% share
A one bedroom second floor apartment located in Fareham available for sale through the Shared Ownership Scheme.
Available for £35,000 for 25% share based on the marketing figure of £140,000.
SO Resi Monthly Payment - £306.37
Monthly Service Charge - £166.69
Total Monthly Charge - £473.06 PLUS MORTGAGE REQUIRED FOR 25% SHARE.
5.8m x 3.0m
2.25m x 1.99m
3 piece suite with shower over bath
3.0m x 2.78m (+ 1.54m x 1.09m)
Communal grounds and parking areas.
One allocated parking space.
Energy Rating Band - C
Environmental Impact Band - C
All room dimensions approximate.
Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.
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