Share Price £96,000 (from 40% Min. Share)

Full Value £240,000 | £4,800 Min. Deposit

Scheme: Shared Ownership

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The Valley - 2 bed apartment in Winchester - Hampshire

place The Valley, SO22 4DG

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Two bedroom flat in The Valley, Winchester


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

Have you got £4,800* savings? Then you may be able to call this property your new home!

New 2 bedroom flat available on a Shared ownership (part buy, part rent) sale.

Full market prices from £240,000...

Coming approx June 2021, but apply now!

Located within the sloping topography of The Valley, this residential suburb of Winchester offers open spaces which are so important to support the health and wellbeing of communities. Enjoy being active with new landscaped pathways-great for walking, cycling and running with fantastic views across St Catherine’s Hill. Set in part of a broader parkland, close to the Royal Hampshire County Hospital, these apartments have been designed to work with the landscape in a sympathetic yet stylish way.

APARTMENT FEATURES

KITCHEN
• Clerkenwell kitchen in neutral, solid laminate worktops with matching upstand
• Zanussi stainless steel hob, oven & extractor hood
• Lamona sink bowl
• Space for washing machine and fridge/freezer
• Removable unit for dishwasher
• Comfytex (Camargue 572) wood effect vinyl flooring
• White sockets and switches throughout
• Chrome recessed down lighters

LIVING ROOM
• USB socket
• Dimmer lighting switches

BATHROOM
• Bristan white sanitary suite including bath with overhead shower and toughened safety glass shower screen
• Gloss white metro tiles
• Light with integral shaver socket
• Electrically-heated stainless steel towel rail
• Comfytex (Camargue 572) wood effect vinyl flooring

MASTER BEDROOM
• Built-in wardrobes
• USB socket
• Dimmer lighting switch

INTERNAL GENERAL FEATURES
• Gas heating and hot water: Potterton Assure Range
• Airing cupboard
• Smoke, heat and carbon monoxide detectors fitted
• Low energy pendant lighting in bedrooms and hallway
• Aerial points for FM / digital / ability to pick up Sky and Freeview to lounge and bedrooms
• White walls, ceilings and woodwork throughout
• Oak veneer internal doors
• Neutral carpeting throughout except kitchen and bathroom which have Comfytex (Camargue 572)
wood effect vinyl flooring
• White recessed down lighters to all areas except for the bedrooms and kitchen

EXTERNAL GENERAL FEATURES
• Communal entrance with video - telephone door entry
• External communal lighting
• Highly engineered aluminium flush casement windows with timber fascia & soffits
• Private balcony
• Allocated parking bay
• Extensive communal paved pathways
• Bike store
• LABC 12-year building guarantee

About Shared Ownership:
Shared ownership helps you get on to the property ladder whether as a first time buyer or as somebody who wants to get back into owning their own home. You’ll start by buying a share of your new home and then pay affordable rent on the remaining part which is owned by us.

Then, as time goes on, you can buy more shares in your home, until you own it outright. It may all sound complicated, but it’s not…

We’ll be on hand to talk you through the buying process and ongoing responsibilities of owning a shared ownership property.

Don’t worry, it’s all straight forward and simple to understand. Also known as ‘part buy, part rent’, shared ownership is backed by the government with further support from Winchester City Council.

You’ll soon understand that this is a great way to become a home owner with all the opportunities and excitement that this brings. We are looking forward to getting you on that first step!

Visit us at www.thevalleywinchester.com to register your interest and learn more. You will also need to register your interest in shared ownership with Help to Buy South at www.helptobuysouth.co.uk.

PLEASE NOTE THAT THE COMPUTER GENERATED IMAGE ABOVE IS FOR ILLUSTRATIVE PURPOSES ONLY.

Please note the price is based on a 40% share in the property.

*Based on someone purchasing a 40% share in this property and securing a 5% deposit with a lender (with no existing debt). You can have debt. Who doesn't nowadays! But note Income / debt / savings and credit history play a part on the mortgage rate you are able to secure with a lender. Applicants will be means tested to determine the share they can afford to purchase. This will affect the rate of rent stated in this listing.


Key Features

  • Available May 2021
  • Rent of 2.75% on unowned share
  • Brand new home
  • Allocated parking
  • LABC 12-year building guarantee
  • Shared from 40%
  • Service charge estimated at £105pcm
  • Lease of 125 years

Download Documents

Link to the floor plan
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Calculate Monthly Cost

Share price
£ 96,000
Min. £96,000
Share percentage
Min. 40%
Your deposit
Min. £4,800
Monthly cost*
£913
Cost breakdown
£330
Rent
£105
Service charge
£478
Mortgage*
Calculated using a representative rate of 3.94%
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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.