2 bedroom apartment for sale

Available

Romsey Road, SO22 5TB

£97,500 · Shared Ownership New Build

Share percentage 25%, full price £390,000, £4,875 Min Deposit.

Available
2 bedrooms
1 Bathroom
Parking
£97,500 Shared Ownership New Build

Share percentage 25%, full price £390,000, £4,875 Min Deposit.

Monthly Cost: £1,277
Rent £609, Service charge £112, Mortgage £556*

Calculated using a representative rate of 5.26%

Calculate estimated monthly costs

£
Summary

Brand new apartments available to move in now, with carpets and flooring fitted throughout plus parking.

Description

Your New Shared Ownership apartment awaits you! Ready for immediate occupation. Reserve now & receive a £3,000 IKEA voucher to help get you started- available for a limited time only.* Unlock your home buying potential with Shared Ownership at Knights Quarter, central Winchester.

Brand new 2 bed apartments available to move in, with carpets and flooring fitted throughout. Choose from a variety of layouts to find the perfect home for you - all featuring an open-plan kitchen/dining/living area with a stylish fitted kitchen, generous storage space, sleek bathroom suite, plus parking. Select homes also benefit from a balcony/terrace.

With the city centre just ten-minutes’ walk, you’ll have an array of shops, restaurants, and leisure facilities to enjoy. You’ll also benefit from excellent rail links to London, Southampton and Basingstoke.

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

At Knights Quarter you can buy a minimum 25% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000.

• You have a deposit of at least 5% of the share value.

• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.

• This will be your only residence.

• You are a permanent UK resident or have indefinite right to remain. Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change.

*Offer available for a limited time on specific homes. T & Cs apply, please speak to the Sales Consultant for more information

**images shown are for information purposes only and may not represent a true likeness for the unit being sold. They may have been taken from earlier phases or similar apartments within the development and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not necessarily plot specific.

Particulars

Tenure: Leasehold
Lease Length: 135 years
Council Tax Band: Not specified

Map
Winchester (0.39 miles) Shawford (2.87 miles) Chandlers Ford (6.07 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.

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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 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.

£97,500
Shared Ownership New Build
Estimated Monthly Cost:£1,277
Rent £609
Service Charge £112
Mortgage £556

Share percentage 25%, full price £390,000, £4,875 Min Deposit. Calculated using a representative rate of 5.26%


Development
Knights Quarter
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.