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Mitchell House

John Thornycroft Road, Southampton, SO19 9UB

For salenew home
Shared ownership
Photo of Mitchell House
Photo of Mitchell House
Photo of Mitchell House
Photo of Mitchell House
Photo of Mitchell House
Photo of Mitchell House
Photo of Mitchell House
Photo of Mitchell House
Photo of Mitchell House
  • from

    £107,250

    2 bedroom

Abri Homes

£107,250

2 bedroom flat

Availability

For sale

Minimum share

55%

Full market price

£195,000

Deposit from

£5,363

Monthly rent

£155

Monthly service charge

£133.49

Bedrooms

2

Bathrooms

1

Reception rooms

1

Number of floors

1

Entrance floor

2nd floor

Tenure

leasehold

Property features

Off street parking

Overview

>Two bedroom, second floor apartment
>Available on Shared Ownership resale
>Deposits starting at £5,362*
>Minimum household income: £32,723 per annum

Your new home
Featuring a spacious, open-plan living area with French doors to your private balcony. The kitchen is fitted with an integrated oven, hob and hood. There are two comfortable bedrooms. The family bathroom is fitted with a white, three-piece suite, including a shower over the bath.

Additional information
Allocated parking is provided for one car.

0800 telephone numbers are free of charge from BT landlines. Non-BT customers and mobile phone users should contact their service providers …

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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