Property Details

11 Rippon Close, Warsash, SouthamptonShared Ownership £72,500

On MarketStonebridge Shaw - 03333 447 007Ston2087

Newbuild Shared Ownership
Current expected handover date from developers: From July 2025
Initial shares available from 25%
Leasehold with 990 year lease
Pets welcome
NHBC Warranty Provided
You can’t rent out (sublet) these properties, see the key info document for more details

***AVAILABLE TO BE RESERVED OFF PLAN***
(Projected Handover Date July 2025)

***SHARED OWNERSHIP***

This property is being sold on behalf of VIVID in partnership with Stonebridge Shaw. By enquiring with us your details will be provided to VIVID.

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.

25% SHARE ADVERTISED AT £72,500 - FULL MARKET VALUE £290,000.

• Monthly rent example on un-owned 75% share: £498.44
• Monthly initial estimated service charges: £44.64
• The minimum Share available to purchase is from 25%, a 75% share example has been used

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

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 Marlow Walk, 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:

Internal Finishes
• Internal Walls Paint:
• Dulux Trade Supermatt White
• Ceiling Paint:
• Dulux Trade Supermatt White
• Woodwork Paint:
• Dulux Trade Gloss White
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Bathroom & WC
• Wall Tiles:
• Cubica Blanco
• Supplier: Porcelanosa
• Flooring:
• Comfytex Deluxe Toronto 514
• Brand: Leoline Vinyl
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Kitchen
• Flooring:
• Comfytex Deluxe Camargue 571
• Brand: Leoline Vinyl
• Cabinets:
• Hacienda Symphony Matt Platinum
• Worktop:
• 40 mm laminate mason mitred worktop & upstands
• Supplier: Symphony
• Finish: Carbon Steel 3249-60
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Appliances (Zanussi)
• Fridge Freezer:
• Model: ZFCT16X
• Finish: Stainless Steel
• Single Oven:
• Model: ZOHHE2X2
• Finish: Black/Stainless Steel
• 4 Zone Ceramic Hob:
• Model: ZHRN640K
• Finish: Black
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Carpets
• Hallway, Bedrooms & Lounge:
• Kingsmead Carpet - Fossil

VIVID are 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.

If you’re viewing this property on an App you may not be able to view full information, so please visit the VIVID Homes website

Note from the team at Stonebridge Shaw
We always aim to ensure our properties are displayed accurately with the photos, virtual tour, floor plans and descriptions provided. However these are intended as a guide and purchasers must satisfy themselves by viewing the property in person.

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