Tenure: Leasehold, 125 years remaining

The Compass SO14

Last few one-bedroom apartments for sale on a part buy/part rent basis in a central location. The full market prices are £109,250 - £116,375 depending on plot type.
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*** Buy with just a 5% deposit ***
Please contact us for more details.

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FREE - £1,000 incentive plus one years membership to Southampton City Car Club (with a car located on Chapel Road) to all applicants who reserve by the end of May 2012**

The Compass SO14

Discover a new direction in city living at the compass SO14. A fantastic collection of brand new homes in Southampton offers everything you need for modern living set in beautiful landscaped gardens. Stylish modern buildings with spacious contemporary apartments sit alongside townhouses perfect for growing families.

With everything that the historic city of Southampton has to offer and being part of this new community the attraction is magnetic.

You can buy as little as a 25% share in a home and pay subsidised rent on the remaining share. This enables local applicants to get a foot on the property ladder. These properties are available now.

Purchasers can also receive £1,000 towards purchasing costs (conditions apply).
Free carpets included

Please note there is no parking available with these properties.

Monthly Rent/Other Outgoings

These figures are based on a 75% share being purchased which will require a mortgage/savings from £80,156. You pay a subsidised rent on the share you do not own from approximately £56 per month. There will be approximate monthly service charges of £71.84 including an annual ground rent of £150 payable. If you can afford to buy a higher share, you will be asked to do so. You will be able to buy more shares up to 100% at a later date.

ELIGIBILITY CRITERIA

Applicants must have access to £3,500 savings to cover purchasing costs and may need a deposit to secure a mortgage.

Minimum salaries required are £18,000 (single) & £22,000 (joint).

BUYERS INCENTIVE PACKAGE

£1,000 towards legal and valuation costs (subject to terms and conditions)

LOCATION

Southampton’s eclectic mix of shops, restaurants and bars are within walking or cycling distance.

Southampton Central station is one mile away with good direct links to London Waterloo.

Close to the local airport for links to the UK & Europe

Cycle path links this new community to the City

**/***Subject to Terms and Conditions