3 bedroom house for sale

Available

Morse Road, SO22 6GQ

£140,000 · Shared Ownership Resale

Share percentage 25%, full price £560,000, £7,000 Min Deposit.

Available
3 bedrooms
Private Garden
Parking
£140,000 Shared Ownership Resale

Share percentage 25%, full price £560,000, £7,000 Min Deposit.

Monthly Cost: £1,659
Rent £929, Service charge £34, Mortgage £696*

Calculated using a representative rate of 3.92%

Calculate estimated monthly costs

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Summary

This attractive family home situated in historic town of Winchester is bright, airy and close to an array of local amenities. Could this be the perfect new home for you?

Description

***Please quote MOR310 when enquiring.***

- Introduction -

This attractive family home situated in historic town of Winchester is bright, airy and close to an array of local amenities. Could this be the perfect family home for you? Spread across three floors and neutrally decorated throughout the property offers three double bedrooms, two allocated parking spaces and a well-kept rear garden.

- What the owner says -

The property is situated on a residential street in a peaceful development next to Barton Meadows Nature Reserve. Winchester train station with transport links to London is a short walk away and a range of amenities close by.

- Full description –

Shared ownership is a government backed scheme that can be a stepping stone to completely owning your own home. If you’re finding it difficult to save for a deposit this is a great option as the amount you’ll need is based on the share you’re buying. At this property a 5% deposit is within reach - just £7,000 for a 25% share!

- Living room overlooking the rear aspect with french doors opening out onto a patio area and rear garden.

- Kitchen with fitted units and intergrated appliances including dishwasher,fridge/freezer, washing machine and tumble dryer.

- Downstairs WC

- Master bedroom with fitted wardrobes and juilette balcony.

- Second and third bedrooms with

- Family bathroom with bath tub, overhead shower and glass screen. Hand basin, W/C and featuring a frosted window.

- Carpet fitted to the hall,stairs, landing and bedrooms. Wooden flooring in the kitchen and ground floor entrance hallway. Vinyl flooring to the bathrooms.

- Gas central heating.

- Rear enclosed garden with patio and lawn area with added benefit of a shed for storage.

- Two allocated parking spaces.

- Costs –

PRICE - £140,000*

CHARGES FROM 1ST APRIL 2022-

RENT - £929.48pm

SERVICE CHARGE - £34.33pm**

*This represents a 25% share of the full open market value of £560,000

**This includes: management charge, service charge and building insurance. Rent and service charges are reviewed annually.

- General Information -

Tenure: Leasehold

Lease: 125 Years from and including 8 October 2020

Years remaining on lease: 124 approx.

Approximate internal area: 84 sq. m.

Local authority: Winchester City Council

Council tax band: D

EPC rating: B (86)

- Terms, conditions and requirements -

Minimum household income requirement: £43,734^

Deposit: If you will be obtaining a mortgage you will need at least £7,000 in savings (i.e. a 5% deposit).

^If your deposit is more than 5%, the minimum income requirements may be less. Please contact us for further details.

Application process: A financial assessment must be completed before any physical viewing can take place. This forms part of Home Group’s buyer approval process. These assessments are carried out remotely by The Mortgage People. Once you have confirmed an interest in purchasing a property, the contact details will be made available.

We will not carry out any credit checks or contact any reference agencies without your written consent.

Help to Buy Agent: In order to apply you must be registered with Help to Buy South https://helptobuyagent3.org.uk/user/. You will need to provide your HTB reference when completing the application process.

Current homeowners: Anyone who currently owns a home must have a sale agreed to apply.


- Viewings -

Viewings are held strictly by appointment - call today for more information.

Only those who have physically viewed the property are able to apply. If you have viewed and would like to apply please register your interest with the Resales Team.

Key Features
  • *£140,000 for a 25% share available under the shared ownership scheme*
  • Only £7,000 for a 5% deposit!
  • Two allocated parking
  • Private rear garden
  • Juliette balcony off master bedroom
  • 0.8 miles to Winchester train station
  • You can purchase more shares up to 100% when the time is right for you
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Energy Certificate
Map
Winchester (0.68 miles) Shawford (3.85 miles) Chandlers Ford (7.05 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • 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.

£140,000
Shared Ownership Resale
Estimated Monthly Cost:£1,659
Rent £929
Service Charge £34
Mortgage £696

Share percentage 25%, full price £560,000, £7,000 Min Deposit. Calculated using a representative rate of 3.92%


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.