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PROPERTY LOCATION:

PROPERTY DETAILS:

  • Tenure: leasehold
  • Property type: Ground floor
  • Length of Lease: 989 years
  • Council Tax Band: NA
Key features:
  • Newbuild Shared Ownership Home
  • Shares available from 25%
  • Leasehold with 990 year lease
  • Current expected handover date from developers: October 2024
  • Fitted kitchen including oven, hob and extractor
  • Neutral décor throughout
  • NHBC newbuild warranty
  • Pets welcome

Apply now for a stunning newbuild Shared Ownership (part buy, part rent) 2 bedroom apartment.

Shares start from 25%

Shared Ownership, also known as ‘part-buy, part-rent’ is a great option for new home buyers, or for
those struggling to save a large deposit. The Shared Ownership scheme allows you to purchase shares of your home, usually between 25% and 75%, initially and pay rent on the remaining share. Unlike buying on the open market, you don’t need a deposit for 100% of the property price. In many cases, you’ll only need a 5% deposit of the share you’re purchasing (subject to lender availability and criteria). You’ll need to be financially assessed to determine the share you are able to purchase.

MINIMUM 25% SHARE ADVERTISED AT £59,375 – FULL MARKET VALUE £237,500.

• Monthly rent example on un-owned 75% share: £408.20

• Monthly initial estimated service charges: £103.69

• Council Tax Band: TBC

• Predicted energy assessment rating: B

Who can apply for Shared Ownership?

You can apply if your household income is £80,000 a year or less and you can’t afford to buy a suitable home on the open market.

If you’ve never owned a home before, Shared Ownership’s a fantastic opportunity to get on the
housing ladder and it’s also a great option if you’re in one of the following groups:

• You’ve owned a home before, but can’t afford to buy one now

• You’re forming a new household (for example, following a relationship breakdown)

• You’re an existing Shared Owner and want to move to a new home

• You own a home, but can’t afford to buy a new one that suits your current needs

Eligibility conditions apply (see yourvividhome.co.uk for more information) · Applicants with a live/work/family connection to the Fareham Borough Council area will have priority

If you own another property in the UK or abroad, you’ll need to sell this at the same time as buying
your new Shared Ownership home. So, if you’re a homeowner, VIVID will ask you to confirm your
property’s under offer.

At Bramley Park, you can buy additional shares in your home over time if you’d like to, so that eventually you could own 100% of the property. Specification · Fitted kitchen including oven, hob and extractor · Carpet fitted to living spaces · Contemporary vinyl to kitchen and wet areas · Parking with EV charging points · Pets welcome VIVID is selling these homes off plan, so viewings are not available until later on in your purchase.

Images shown may be photographs or CGI (computer generated images) of current or coming soon properties. Photographs or CGI images are produced in good faith as visual representations to give potential customers a representation of each house or apartment. They may not represent a specific plot, the finishes, plot sizes and landscaping will vary.

ADDITIONAL INFORMATION

Services:
Water – Mains
Gas – TBC
Electric – TBC
Sewage – TBC
Heating – TBC

Materials used in construction: TBC
How does broadband enter the property: TBC

For further information on broadband and mobile coverage, please refer to the Ofcom Checker online

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