2 bed flat for sale

Davidson Drive, Fair Oak, Eastleigh SO50

Shared Ownership

This superb modern home is available to buy from as little as £165,000 with a 75% share!

Situated on the second floor, this well-presented apartment offers a comfortable and practical layout ideal for modern living. The home is thoughtfully arranged to maximise space and natural light, creating a welcoming atmosphere throughout.
At the heart of the apartment is a generous open-plan kitchen and living area, perfect for everyday living and entertaining. The kitchen is neatly integrated into the space, allowing for easy social interaction while cooking, with ample room for both dining and relaxing. The property features two well-proportioned bedrooms, each offering a calm and private retreat. Both rooms are versatile, making them suitable for use as a main bedroom, guest room, or home office, depending on your needs. A well-appointed bathroom completes the accommodation, finished in a clean and functional style. The layout of the apartment ensures a good separation between living and sleeping areas, enhancing comfort and privacy. Further benefits include two allocated parking spaces and a long lease.

The apartment is ideally located in the sought-after Fair Oak area of Eastleigh, a well-established community known for its balance of suburban charm and everyday convenience. A range of local shops, cafés, and essential amenities are within easy reach, while nearby Eastleigh town centre offers more extensive shopping, leisure facilities, and dining options. Excellent transport links provide straightforward access to Southampton, Winchester, and the surrounding areas, with regular bus services and nearby rail connections making commuting simple. Road links are also convenient, with quick access to major routes, while nearby green spaces, parks, and countryside walks add to the appeal of this well-connected and desirable location.
Pricing & affordability


Full Market Value: £220,000

75% Share Price: £165,000 (rent £207.70 pcm)
Minimum 5% Mortgage Deposit (75% share): £8250
Approximate Service Charges: £141.38 pcm*
Lease: 120 years
Eligibility


Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £220,000 and a purchaser would not need to meet the eligibility criteria listed above.