Shared Ownership in Waterlooville, Hampshire 2 bedroom Flat

  • £235,000

    Equity share: 40% / £94,000

United Kingdom, PO7 7, Waterlooville, Waterlooville, 2 Manx Close
For Sale Shared Ownership

Shared Ownership in Waterlooville, Hampshire 2 bedroom Flat

United Kingdom, PO7 7, Waterlooville, Waterlooville, 2 Manx Close
  • £235,000

    Equity share: 40% / £94,000

Property Overview

  • Flat
  • Property Type
  • 2
  • Bedrooms
  • 1
  • Bathroom

Property Description

We are pleased to bring to the market this 2 bedroom Flat Shared Ownership. It is situated in Waterlooville, Hampshire and is available now.

2 Manx Close, Waterlooville

Private own front door

Very close to town centre, leisure centre and transport links

Open-plan kitchen/ living area with double doors to balcony

First floor coach house with two allocated parking spaces

Nearby to Schools and Parks

Modern décor throughout

2 double bedrooms

As this property is a flat, please note that as a result of building safety regulations, some lenders are requiring certain properties to have a completed EWS1 form. An EWS1 (External Wall System) form provides independent assurance that your building meets the requirements of the Government’s latest standards.

Unfortunately, we have seen that some lenders may still wish to request this information even though it is not a legal requirement. Stonewater do not have an EWS1 in place for all buildings and should a mortgage lender require this, any purchase may be impacted. If an EWS1 is requested, whether one is required or not, Stonewater are committed to providing as much information as possible to satisfy a lenders request for an EWS1. We suggest you speak with a financial advisor before proceeding.

 

Viewings

The seller is currently accepting viewings and if you would like to arrange a viewing, please contact the seller on the details below.

Seller Name: Adam Turner

Seller Contact Details: 07800805492

As a shared ownership home, you will need to be eligible for Shared Ownership.

As a reminder, to be eligible for shared ownership you will need to evidence:

• your household income is £80,000 a year or less (£90,000 a year or less in London)

• you cannot afford all of the deposit and mortgage payments for a home that meets your needs

One of the following must also be true:

• you’re a first-time buyer

• you used to own a home but cannot afford to buy one now

• you’re forming a new household – for example, after a relationship breakdown

• you’re an existing shared owner, and you want to move

• you own a home and want to move but cannot afford a new home that meets your needs

Please take note of the minimum income, £33.763 and minimum deposit £7,200 for this property.

If you make a successful offer to the seller after your viewing, they will let us know and we will then be able to refer you for a financial assessment with an Independent Financial Advisor. This is compulsory for all Shared Ownership purchases and does not interfere with any mortgage arrangements you have already made. They will complete an assessment but you are not obliged to use them afterwards to arrange your mortgage, but can if you wish.

Please let us know if you need any further information and good luck with your viewing.

Further information about EWS1 and Stonewater’s position can be found at https://stonewaterhomes.co.uk/government-guidance-changes-for-EWS1

‘Please note, the majority of our shared ownership homes undergo a rent review in April 2024.  The review will depend on the shared ownership lease, but the majority will see a 9.4% uplift to the rent.  We will confirm the exact changes to the rent for this property as part of the sales process.’

Property Address

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  • Address United Kingdom, PO7 7, Waterlooville, Waterlooville, 2 Manx Close
  • City Waterlooville
  • County Hampshire
  • Postal Code PO7 7UT

Details

Updated on January 29, 2024 at 7:20 pm
  • Property ID: MS-121650
  • Rental Amount Per Month: £337/Month
  • Bedrooms: 2
  • Bathroom: 1
  • Property Type: Flat
  • Property Status: For Sale, Shared Ownership
  • Estimated Monthly Service Charge (£): 57.46
  • Value Of The Equity Share: 40% / £94,000
  • Overall Property Value: £235,000
  • Tenure: Leasehold

Contact Stonewater Homes Resales about: Shared Ownership in Waterlooville, Hampshire 2 bedroom Flat

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