Percival House, Fellowes Rise, Winchester

Property Details: - Type: Apartment - Bedrooms: 1 - Bathrooms: 1

Agent: SOWN - National Phone: 023 8221 9179

Shared Ownership<br/><br/>This modern third floor apartment is available to buy from as little as £125,000 with a 50% share!<br/><br/>Situated in Winchester, this apartment benefits from being close to an excellent range of amenities. The city centre is within easy reach and offers a wide selection of cafes, restaurants, boutique shops and high-street brands, along with a regular farmers’ market and independent businesses giving a real sense of community. The accommodation includes an entrance hall, open plan lounge/kitchen/diner, a double bedroom and a bathroom.<br/><br/>For leisure, you’re also well-placed: the historic core of Winchester offers green spaces, historic sites and a vibrant food and drink scene, all contributing to an enjoyable lifestyle. <br/><br/>One of the major advantages of this location is how well connected it is. The nearby Winchester railway station is a little over ½ mile away and offers regular direct services to London Waterloo and other key destinations, making this apartment ideal for commuting or travel. <br/><br/>The wider road network is also well catered for, with the A34 and M3 providing links towards Oxford, Southampton and London. Local bus services and cycling routes further enhance connectivity and allow sustainable travel options in and around the city. <br/><br/>PRICING & AFFORDABILITY<br/><br/>Full Market Value: £250,000<br/><br/>50% Share Price: £125,000 (rent £389.78pcm)<br/>Minimum 5% Mortgage Deposit (50% share): £6,250<br/>Approximate Service Charges: £176.67pcm* <br/>Lease: 129 years remaining<br/><br/>ELIGIBILITY<br/><br/>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.<br/><br/>To be eligible for shared ownership you would need to meet the following criteria:<br/><br/>• Your annual household income does not exceed £80,000<br/>• You have a deposit of at least 5% of the share value<br/>• You do not own another property or have your name on the deeds or a mortgage for a property worldwide. <br/>• This will be your only residence.<br/>• You are a permanent UK resident or have indefinite right to remain.<br/><br/>*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.