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News & Events
09/12/05MERLION OFFERS SOUTHAMPTON BUYERS A STEP ONTO THE PROPERTY LADDER
To extend the number of new homeowners by a further million in the next 5 years and ensure that more people benefit from homeownership, the Chancellor has announced that shared equity schemes will be developed to allow more people onto the property ladder. For those who simply cannot wait, Merlion Homes has already developed a shared equity scheme for buyers in Southampton.
For purchasers at its Orchard Place development off Oxford Street, a unique shared equity plan has been designed to help those looking to get onto the property ladder. Merlion Homes is selling the 29 one and two bedroom apartments at the scheme on a shared equity leasehold basis. The purchaser has a 75% share of the equity and unlike many shared equity schemes; Merlion's Assisted Purchase Scheme does not require rent to be paid on the remaining 25%. The repayment is only made if the purchaser decides to resell the property.
The remaining two bedroom apartments at Orchard Place are available from £120,000 for a 75% share. This is giving homeowners who might not normally aspire to such a lifestyle a chance to purchase a new apartment at a reduced percentage of its market value.
The development is just off Oxford Street, the city’s cosmopolitan rendezvous, located between the history of the old city walls, and the beautiful residential waterfront location at Ocean Village.
Perhaps the greatest attraction, however, is the inclusion of a roof terrace. Each resident will have the use of this communal area, which is ideal for barbeques or perhaps a spot of yoga. The terrace also provides excellent views across the centre of Southampton.
Orchard Place offers contemporary easy living, enabling residents to live life their way. These benefits include: lifts to all floors, electric secure gates into the development and a video entry system to all apartments.
Internally the apartments are light and spacious and include specifications such as fitted kitchens with a range of appliances, which include: oven hob with hood.
Oxford Street has a fantastic range of shops, bars and restaurants, which gives the street its unique and lively character. Residents can indulge themselves in one of Oxford Streets fresh and stylish café bars and restaurants, which serve the very best in contemporary Bistro, Chinese, French, English, Italian, Indian and Mediterranean food.
Close by is the international Ocean Village Marina, with its undercover shops, excellent restaurants and cafes, popular five screen multiplex cinema, vibrant nightlife, open-air markets, bars and water sports provides extensive recreational facilities.
For those who like to shop, the prestigious West Quay shopping centre is Southampton's largest retail mecca, which attracts shoppers from miles around to its 97 stores, is also in easy reach from i:one. Plans are underway to create an Olympic ice rink and entertainment arena here.
Two bedroom apartments at Orchard Court are available from £120,000 for a 75% share. For further information please contact our selling agents Fox & Sons on Tel: 02380 225155.
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