2 bedroom terraced house for sale
Key information
Property description & features
- Tenure: Leasehold (990 years remaining)
- Shared Ownership
- Shares Available From 40%-75%
- 2 & 3 Bedroom Homes
- Travel to Southampton & Portsmouth
- Local Schools
- Parking
Situated in a family-friendly environment, Cygnet Grange is convenient for access to both Southampton and Portsmouth. Away from city life, you will also be located close to the beautiful countryside of the Meon Valley – part of the South Downs National Park.
Within the village you will find two pre-schools and a primary and secondary school which are both on New Road and within walking distance of Cygnet Grange, so you’ll soon feel that you’re a part of the community.
Other amenities in the village include pubs, the village hall, leisure centre and a golf
centre. Nearby, the internationally renowned sailing communities of The Solent, Chichester Harbour and the Isle of Wight are a huge draw for sporting enthusiasts, and there are some lovely beaches to explore.
THE SCHEME
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase.
You can buy a minimum 40% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
AFFORDABILITY
The share purchase price is calculated using the full market value and the percentage share purchased. If you buy a 40% share, the share purchase price will be £118,000 and the
rent will be £405.63 a month. If you buy a larger share, you'll pay less rent. The table below shows further examples.
40% share (£118,000) Rent = £405.63
50% share (£147,500) Rent = £338.02
60% share (£177,000) Rent = £270.42
70% share (£206,500) Rent = £202.81
75% share (£221,250) Rent = £169.01
The percentage share and rent amount will change depending on the amount you can afford. You'll receive a worked example after a financial assessment. Initial rent is calculated as 2.75% of the remaining share of the full market value owned by the landlord.
T&Cs *Please note images are for information purposes only and may not represent a true likeness for the units being sold. Some or all images have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images.*Services Charges will apply, speak to our Sales Agent for more information. Costs are subject to change.
Rooms
Disclaimer
haart Estate Agents also offer a professional, ARLA accredited Lettings and Management Service. If you are considering renting your property in order to purchase, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.
haart Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
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Property reference HRT015406542. 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 haart Estate Agents - Grayshott.
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Broadband availability and predicted speed: obtained from Ofcom on December 16, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
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
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
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
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