3 bedroom house for sale

Available

KHOSLA ROAD, SO22 6GT

£140,000 · Shared Ownership Resale

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

Available
3 bedrooms
1 Bathroom
Private Garden
Pets allowed
Parking
£140,000 Shared Ownership Resale · Eligibility Eligibility

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

Monthly Cost: £1,631
Rent £906, Service charge £29, Mortgage £696*

Calculated using a representative rate of 3.92%

Calculate estimated monthly costs

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Eligibility

- Terms, conditions and requirements -

Minimum household income requirement: £33,781^

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://www.helptobuyagent3.org.uk/apply-page/. 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.

Summary

3 bed stunning home in the popular Kings Barton development

Description

***Please quote KHO126 when enquiring***

- Introduction -

Looking for a new place to call home? You’ll be spoilt for choice with this stunning property in the popular Kings Barton development. Enjoy warm summer evenings with a local woodland walk or a weekend wander around Winchester. Perfect for commuting too and an abundance of convenience right on your doorstep. Can you afford to miss out?

- What the owner says -

“The property is deceptively spacious. The hallways are welcoming and the layout of the property allows for flexibility. Each of the 3 floors include ample storage for a growing family. The house is energy efficient, it is cosy in the winter and lets in huge amounts of light in the spring and summer. For a new development, it already feels like there is a community within Kings Barton. Kings Barton is positioned on the north edge of Winchester City Centre, surrounded by trees and walkways.”

- 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!

- Three-bed terraced house offering suburban living over three floors.

- Entrance hallway with storage and a downstairs cloakroom.

- Reception room with French doors offering access to the private rear garden.

- Kitchen with integrated appliances including a fridge/freezer, washer/dryer and dishwasher.

- Three double bedrooms with the master benefitting from a Juliette balcony and a walk-in wardobe.

- Bathroom has a bath with overhead shower.

- Gas central heating operated by a digital system across all floors.

- Private rear garden, with a shed including a bike mount, mainly laid to lawn with a patio area for seating.

- Allocated parking with secure access from the rear garden.

- Costs –

PRICE - £140,000*

CURRENT CHARGES-

RENT - £905.79pm

SERVICE CHARGE - £28.58pm**

*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 11 November 2021

Years remaining on lease: 124 approx.

Approximate internal area: 84 sq. m.

Local authority: Winchester City Council

Council tax band: D

EPC rating: B (87)


- 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 under the shared ownership scheme*
  • Only £7,000 for a 5% deposit!
  • Viewing is highly recommended
  • Excellent starter home
  • Private rear garden
  • Allocated parking
  • Neutrally decorated throughout
  • Easy access to London with Winchester station only a ten-minute walk away
  • 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 (0.72 miles) Shawford (3.89 miles) Chandlers Ford (7.07 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.

Read More Read Less
  • 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:£1,631
Rent £906
Service Charge £29
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.