St Arthur Homes has launched a collection of stylish riverfront apartments at Chapel Riverside, offering buyers the chance to get a foothold on the property ladder for as little as a 5% deposit. These are some of the only Shared Ownership homes available in the city centre and are already in great demand from discerning first-time buyers. Prices start from £93,750 for a 50% share of a one-bedroom apartment valued at £187,500.
Set on the banks of the River Itchen within easy reach of Southampton city centre and Ocean Village, Chapel Riverside is a premier new destination for modern urban living. St Arthur Homes is offering a collection of 24 elegant one and two-bedroom apartments set in a striking four-storey building. The spacious, well-designed properties are the height of style, offering purchasers that ideal combination of quality and affordability.
Through St Arthur Homes’ shared ownership scheme, buyers can initially purchase a 50% share of the property at Chapel Riverside, with the opportunity to buy further shares up to outright ownership in the future. This flexible ownership model means a smaller mortgage topped up with reduced rental payments on the remainder, making it a perfect option for first time buyers.
Richard Cohen, CEO at St. Arthur Homes comments: “We are excited to bring to the market this collection of Shared Ownership homes at Chapel Riverside proving that inspiring, style-led homes can be genuinely affordable. In today’s uncertain times, we appreciate that affordability is more important than ever, but we know that buyers don’t want to compromise on quality. We urge those that have not really considered shared ownership before to come and take a look – it makes the dream of elegant waterside living more affordable than you would think. One of the only options for Shared Ownership in Southampton itself, Chapel Riverside is a fantastic location, very convenient for everything the city has to offer, as well as becoming an attractive riverside destination in its own right.”
Rebecca Stevenson, Sales and Marketing Manager for agent Countrywide comments: “The Shared Ownership homes at Chapel Riverside offer a fantastic opportunity for buyers in Southampton to purchase a new home affordably without having to compromise on quality, style or location. The selection of one and two bedroom apartments have been finished to a very high standard, and have proven very popular among local buyers, more specifically first time buyers eager to get their foot on the ladder. The location speaks for itself, and the facilities on offer are impressive – allocated parking spaces, spacious private balconies, a stylish specification, close to the city centre with the availability of a 5% deposit makes this a must-see development.”
With impressive contemporary architecture, Chapel Riverside makes the most of its riverside setting, opening up a new section of the waterfront with a riverside walkway. The apartments are set around landscaped communal gardens and a new public piazza providing relaxing spaces for neighbours to come together.
The interior of each apartment is carefully planned featuring bright, open-plan living spaces and a high-quality specification. Highlights include bespoke kitchens with a full range of integrated appliances, underfloor heating throughout (operated via a smartphone or tablet) and video entry phone for security. Each home has private outdoor space in the form of a balcony, some with views toward the water. All apartments also benefit from secure allocated parking.
At Chapel Riverside, the vibrant city of Southampton is on the doorstep with its wide choice of entertainment, retail and leisure facilities. Nearby Ocean Village has an array of restaurant and bars in an attractive marina setting, while the Westquay Shopping Centre is a shopper’s paradise. Southampton’s Oxford Street is another culinary hotspot and, with more landmark regeneration developments in progress, it’s clear this is a city on the up with an exciting future.
Great travel connections from Chapel Riverside make life easy for residents. By road the M27 is just three miles away, and Portsmouth, Winchester, Salisbury and Bournemouth are all within easy reach. By rail, Southampton Central station provides connections all over the UK including London in around one hour 15 minutes, while Southampton airport is just four miles away.
To qualify for St Arthur Homes shared ownership scheme, buyers must have a household income of under £80,000, a good credit history and the ability to afford the payments. Buyers can make the most of low deposits from just 5%% and the security of a 125-year lease.
Prices for shared ownership homes at Chapel Riverside start from £93,750 for a 50% share of a one-bedroom apartment valued at £187,500. With just a 5% deposit required, the buyer would need under £5,000 to secure their home. For further information visit Chapel Riverside or call 020 7224 3066.