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1 bed flat for sale

£60,000

Cross Street, Portsmouth PO1

1
Interested in this property? Call +44 23 9229 0086 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Shared Equity Property
  • Initial % for sale - 40%
  • Value of share - £60,000
  • One bedroom apartment
  • Fully fitted kitchen and bathrooms
  • Balcony
  • Flooring or carpet provided throughout

Property description


Summary
An excellent opportunity to buy a 40% share in this 1 bed shared ownership property in the heart of Portsmouth. £250 cash back for reservations made before the 21st July - book now to view on the launch day 16th July. Please call Fox and Sons on .

Description
The Aqua building is located at the junction of Prince George Street and Cross Street in central Portsmouth. The building faces onto Prince George Street and is attached to a sister building of private homes that faces onto Cross Street. Entry to the development is via an access road just off Prince George Street. The available properties at Aqua are located on the second and third floors of the building. Most Shared Ownership properties have their own allocated parking space. The parking area also houses two cycle sheds for the use of the whole development.

These attractive 1-bedroom apartments feature a spacious bedroom and bathroom in addition to a large living/kitchen/dining area that leads to a balcony. The apartment also has a sizeable storage closet.

What is Shared Ownership?
Shared Ownership is an excellent way for people who are unable to buy on the open market to take their first step onto the property ladder. Under most Shared Ownership schemes, you buy a share of between 25% and 75% of the property's value and pay a subsidised rent on the remaining share. A key advantage is that, as part-owner, you have a stability of tenure that renting cannot offer. Over time, you can usually buy more of the property until you own 100%.

You will need a small deposit at the outset - generally a minimum of 5% of your share, subject to conditions - and you will need to raise a mortgage on the rest of the sum required.

Entrance Hall

Kitchen

Living / Dining Room

Balcony

Bedroom

Bathroom

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.

Property info

Floorplan(s): Floorplan 1

View original

Market activity
Average price paid £202,355 Sales 290 Current average value £222,897 (Zoopla Zed-Index) Value change £3,520 ▲ 1.60%

Property value data/graphs for PO1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £486,420 £285 3.4 £390,000
Semi-detached £295,890 £329 3.1 £568,333
Terraced £207,459 £269 2.8 £200,068
Flats £230,539 £346 1.8 £194,028

Current asking prices in PO1

Average: £273,290
Avg. current asking prices in PO1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £139,950
(1)
£180,712
(7)
£330,519
(15)
£574,333
(9)
£522,500
(2)
Flats £135,465
(29)
£222,758
(47)
£463,000
(5)
£155,000
(1)
-
All £135,614
(30)
£217,307
(54)
£363,639
(20)
£532,400
(10)
£522,500
(2)

Current asking rents in PO1

Average: £841 pcm
Avg. current asking prices in PO1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £481 pcm
(29)
£870 pcm
(7)
£866 pcm
(8)
£1,297 pcm
(15)
£1,687 pcm
(9)
Flats £544 pcm
(82)
£951 pcm
(34)
£1,026 pcm
(6)
£901 pcm
(1)
£1,625 pcm
(1)
All £527 pcm
(111)
£937 pcm
(41)
£934 pcm
(14)
£1,272 pcm
(16)
£1,680 pcm
(10)

Fun facts for PO1

Highest value in PO1
Highest value streets Zed-Index
Bath Square £766,415
Captains Row £541,292
Broad Street £516,530
Pembroke Road £470,468
St. Nicholas Street £438,864
Highest turnover in PO1
Highest turnover streets Turnover
Bonfire Corner 48.8%
St. Thomas's Court 41.7%
Lower Brookfield Road 38.5%
Liverpool Road 37.3%
Prince George Street 36.4%

What Zoopla users think of Portsmouth

Overall rating:

  • currently 4 stars
Very good - 78% (199 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Portsmouth:

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Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Portsmouth Harbour (0.2 miles)
  • Portsmouth & Southsea (0.5 miles)
  • Fratton (1.3 miles)
  • Southampton Airport (15.2 miles)
  • Bournemouth Airport (32.4 miles)
  • Shoreham Airport (35.3 miles)
  • Portsmouth Harbour Station Pier (0.3 miles)
  • Portsmouth IOW Car Ferry Terminal (0.4 miles)
  • Gosport Ferry Terminal (0.7 miles)

Nearby schools

View all schools in Portsmouth
  • St George's Beneficial Church of England (Voluntary Controlled) Primary School (0.0 miles)
  • St Jude's CofE Primary School (0.6 miles)
  • Cottage Grove Primary School (0.9 miles)
  • St Vincent College (1.5 miles)
  • Portsmouth College (2.6 miles)
  • Highbury College (3.3 miles)
  • The Portsmouth Grammar School (0.5 miles)
  • Ark Charter Academy (0.7 miles)
  • St Edmund's Catholic School (0.8 miles)
Note: Distances are straight line measurements

Local info for Portsmouth

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For more information about this property, please contact
Fox & Sons, PO5 on +44 23 9229 0086 * (local rate)

Monthly running costs Beta

£407 Monthly total

Mortgage

Purchase price
Deposit (10%) 6,000
Repayment term 25
Interest rate 1.5
Your payment £215 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £19/mo (£233/yr) In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £19 Electricity £26 Estimated energy cost £45/mo In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 5200 kWh/year
Electricity: 1900 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Portsmouth

Estimated tax band A Council tax cost £101 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £9 Sewerage £18 Estimated water cost £27 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Fox & Sons about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Fox & Sons, and do not constitute property particulars. Please contact Fox & Sons for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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