£110,000 /Sale price

Shared OwnershipThis superb modern home is available to buy from as little as £110,000 with a 40% share!This beautifully presented two-bedroom home, located in the sought-after area of Lower Brownhill Road, offers well-balanced living space across two floors and is ideal for first-time buyers, young professionals, or small families.Accommodation comprises- Ground floor:Entrance Hall Welcoming entrance with access to the kitchen and downstairs WC.Kitchen A well-proportioned kitchen located to the front of the property, featuring modern units, worktops, and space for appliances.Cloakroom/WC Convenient downstairs WC with wash basin.Living Room A spacious and bright living area to the rear of the property, with double doors opening onto the rear garden or patio. Also provides access to the staircase leading to the first floor.First Floor:Landing Provides access to both bedrooms and the bathroom.Bedroom 1 A large double bedroom located to the rear, with ample space for wardrobes and bedroom furniture.Bedroom 2 Another generously sized double bedroom at the front of the property.Family Bathroom Fitted with a modern white suite including a bath with shower over, WC, and wash basin.Lower Brownhill Road SO16 offers excellent amenities and transport links, making it a very well-connected and convenient location. Local shops, supermarkets (including Lidl), and leisure facilities such as David Lloyd are all within walking distance. There are several well-regarded schools nearby, plus parks and recreation grounds for outdoor activity. In terms of transport, the property benefits from frequent bus services along Lower Brownhill Road that connect to the city centre, key shopping areas, and Southampton General Hospital. For train travel, Redbridge Station is just over a mile away, with Southampton Central a short drive further. Road links are strong too, with easy access to the M271 and M27 motorways, which makes commuting by car very straightforward.PRICING & AFFORDABILITYFull Market Value: £275,00040% Share Price: £110,000 (rent £315.32 pcm)Minimum 5% Mortgage Deposit (40% share): £5,500Approximate Service Charges: £31.35 pcm* Lease: 120 yearsELIGIBILITYShared 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. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.** This home can also be purchased outright (100% of the value) which is £275,000 and a purchaser would not need to meet the eligibility criteria listed above.