Share Price £106,000 (from 40% Min. Share)

Full Value £265,000 | £10,600 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Winchester - Hampshire

place Grange Close, SO23 9RS

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Available through a shared ownership resale scheme, a well-presented first floor, two-bedroom apartment situated in a popular residential area of Winchester and close to amenities.


Eligibility

You may be eligible for this property if:

  • You have a gross household income of no more than £80,000 per annum.
  • You are unable to purchase a suitable home to meet your housing needs on the open market.
  • You do not already own a home or you will have sold your current home before you purchase or rent.

Description

The property comprises of a bright communal entrance with phone entry system, open plan living/dining room area leading out to a decked balcony, kitchen with space for appliances, master bedroom with built in wardrobe, second bedroom, family bathroom with shower over bath and large storage cupboard in hallway. The property also benefits from access to an allocated off-street parking space and is within close proximity of the Water Meadows.

Length of Lease: Approx. 83Years

Gross Internal Area: 58m2


Key Features

LOCAL AREA INFORMATION

• Situated in the highly desirable area of St Cross in Win­chester.

• There are excellent travel links into the town centre via riverside footpaths, the new National Cycle Route and frequent bus services.

• Winchester train station is located 1.8 miles from the apartment & offers direct services to London Waterloo, Basingstoke & Southampton.

• Close to Winchester Town Centre which offers a va­riety of shops, restaurants, entertainment and other amenities.

• This property is approximately one mile from Winches­ter city centre and is close to St Catherine’s Hill, which is a great location to enjoy stunning views of the city.

• Within close proximity of local primary/secondary schools.

• Easy access to M3.


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Energy Certificate

Accessibility

C – Lifetime Homes

Meets the space standards of the Lifetime Homes developed by the Joseph Rowntree Foundation. Designed to meet the space standards of Lifetime Homes. Main features include a level approach/entrance and wider doorways. This category will capture all new general needs housing built to Lifetime Homes standards. Properties achieving this category will not necessarily meet all Lifetime Homes design guidance as the LAHR framework does not assess features other than space and access. Properties may have an internal flight of stairs. If so, these will be wide enough to accommodate future provision of a stair lift subject to technical feasibility.


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Calculate Monthly Cost

Share price
£ 106,000
Min. £106,000
Share percentage
Min. 40%
Your deposit
Min. £10,600
Monthly cost*
£898
Cost breakdown
£341
Rent
£100
Service charge
£457
Mortgage*
Calculated using a representative rate of 3.09%
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Location

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.