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2 bed flat for sale

£165,000

Lower Canal Walk, Southampton SO14

2 bed flat for sale 2 2 1
Interested in this property? Call +44 1202 035793 * or Request Details

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

Property features

  • Two bedrooms
  • Two secure parking spaces
  • Town centre
  • Communal gym
  • 4th floor

Property description

Chiswell & Co are delighted to offer for sale this beautiful 4th floor apartment. The property benefits from off road parking, en-suite to master bedroom, access to a communal gym and from a superb Town Centre location.

Chiswell & Co are delighted to offer for sale this beautiful 4th floor apartment. The property benefits from off road parking, en-suite to master bedroom, access to a communal gym and from a superb Town Centre location.

There are also two ongoing potential issues around the purchase. The first is a B2 rating on the EWS1 form. Barratt homes are currently inspecting the building to work out what they need to do under the government policy to get the building to the right level to achieve a good EWS1 rating and will be performing the work but we don't currently have timescales on when this will be complete by.

The second issue is there is an ongoing section 20 on the building for long-standing issues with water ingress to small sections of the roof for the whole building as well as issues around smoke extraction in the car park levels. This flat has never had any water ingress issues nor has any part of the gate it's in. However, the other side of the building has had issues that therefore means work will be undertaken to replace the whole roof to put right the ongoing issues for some owners. Before the EWS1 fire safety issues this matter was identified as a problem and there is an on going battle to resolve this which will likely cost the leaseholders to pay out to fund some of this work and it's likely that the building owner will have to cover some as well.

The obligation for funds and impact on any buyer is currently an unknown in terms of hard and fast number. For the above two matters there was a number quoted to fix the building which was 5.2 million pounds and this flats obligation to pay that was £18,000. However due to Barratt homes now being forced by the government to step up and cover the issues per the new laws this number is expected to be dramatically lower.

Lounge/diner 8' 2" x 20' 10" (2.5m x 6.37m)

kitchen 5' 8" x 7' 8" (1.74m x 2.35m)

bedroom one 8' 0" x 16' 9" (2.45m x 5.13m)

bedroom two 8' 4" x 13' 1" (2.56m x 4m)

bathroom 4' 5" x 8' 2" (1.35m x 2.5m)

Property info

Floorplan(s): Floorplan 1

View original

Property value data/graphs for SO14

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £551,410 £280 4.1 £333,333
Semi-detached £359,493 £297 3.8 £330,045
Terraced £273,414 £286 3.1 £278,140
Flats £242,416 £325 1.8 £187,460

Current asking prices in SO14

Average: £294,321
Avg. current asking prices in SO14
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £251,250
(4)
£348,663
(15)
£323,333
(6)
£357,500
(4)
Flats £142,256
(41)
£227,657
(81)
£343,800
(5)
£575,000
(1)
£1,000,000
(1)
All £142,256
(41)
£228,768
(85)
£347,448
(20)
£359,286
(7)
£486,000
(5)

Current asking rents in SO14

Average: £1,519 pcm
Avg. current asking prices in SO14
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £759 pcm
(10)
£1,499 pcm
(1)
£1,888 pcm
(4)
£1,561 pcm
(10)
£2,008 pcm
(22)
Flats £1,028 pcm
(62)
£1,368 pcm
(25)
£1,786 pcm
(4)
£2,119 pcm
(5)
£2,999 pcm
(1)
All £991 pcm
(72)
£1,373 pcm
(26)
£1,837 pcm
(8)
£1,747 pcm
(15)
£2,051 pcm
(23)

Fun facts for SO14

Highest value in SO14
Highest value streets Zed-Index
Latimer Street £404,559
John Street £399,896
Alcantara Crescent £395,070
Maritime Walk £383,320
Andes Close £367,306
Highest turnover in SO14
Highest turnover streets Turnover
Maritime Walk 66.3%
Meridian Way 45.9%
Ancasta Road 40.0%
Town Quay 36.0%
Andes Close 33.8%
Arrange Viewing

For more information about this property, please contact
Chiswell & Co, SO14 on +44 1202 035793 * (local rate)

Monthly running costs Beta

£846 Monthly total

Mortgage

Purchase price
Deposit (10%) 16,500
Repayment term 25
Interest rate 2.0
Your payment £629 /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

Contents value up to £80,000 Average insurance cost £9/mo (£103/yr)
Compare insurance deals now 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 £23 Electricity £37 Estimated energy cost £60/mo

Similar properties could save up to £159

How Much Could I Save? 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: 8200 kWh/year
Electricity: 2600 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Southampton

Estimated tax band A Council tax cost £109 /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 £13 Sewerage £26 Estimated water cost £39 /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.

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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 Chiswell & Co, and do not constitute property particulars. Please contact Chiswell & Co 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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