1 bedroom apartment for sale
Francis Copse, , SO21 1NG
Share percentage 45%, full price £145,000, £6,525 Min Deposit.
Share percentage 45%, full price £145,000, £6,525 Min Deposit.
Monthly Cost: £693
Rent £290,
Service charge £72,
Mortgage £331*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Winchester, Hampshire
Description
Cosy & modern one-bedroom apartment now available in Winchester, Hampshire, through Shared Ownership.
The property comprises of a good-size living room with open-plan fitted kitchen, and a large bedroom. This could be ideal for a couple or single person.
The flat is on the first floor of a modern construction (circa 2007); it has allocated parking space as well as communal green areas and bike stores.
Minimum income required: £25,026
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 5%.
Available for £65,250 for 45% share based on the marketing figure of £145,000.
Monthly rent - £289.84
Monthly Service Charge - £72.41
Total Monthly Charge - £362.25 plus mortgage required for 45% share.
An annual rent increase takes place every April
Layout and dimensionsGross internal floor area: 36.9 m²
Living room & kitchen: 4.67 x 2.82 m
Bedroom: 4.22 x 2.82 m
Lease informationYears remaining on lease: 974
The remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
EPC ratingEnergy rating band - C
Environmental impact band - B
Other informationKey Features
- One-bedroom apartment
- Green communal areas
- Close to M3 and Airport
- Available for 45% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 45%, full price £145,000, £6,525 Min Deposit. Calculated using a representative rate of 4.64%
