Shared Ownership £60,000

1 bed 1 bath

Available

Kings Barton, Rotherley Gardens, Winchester, Hampshire

Features

Summary

Have you got £3,000* savings? Then you may be able to call this property your new home!

Offered for sale in Kings Barton are these stunning 1 and 2 bedroom properties.

The new homes at Kings Barton are just a short distance from Winchester city centre, which is steeped in history and has lots of fun things to do for all ages.

Description

Have you got £3,000* savings? Then you may be able to call this property your new home!

Offered for sale in the Kings Barton development by Winchester City Council are these stunning 1 and 2 bedroom properties.

The new homes at Kings Barton are just a short distance from Winchester city centre, which is steeped in history and has lots of fun things to do for all ages.

Specification:
10 year NHBC warranty
EPC energy rating B
Air source heat pump heating and water
Allocated parking space with EV charging
2no USB Sockets to Living Room and Main Bedroom
Premdor Vertical 5 Panel Textured internal Door

Living Room and bedrooms
Apollo plus carpet in shortbread

Wet areas
Orion Aspin 891 vinyl flooring

Kitchen
Light grey gloss handleless units by Taylor Made Kitchens
Artemis 20mm Thick Square Edged Laminate Worktops in Quartz
Glass Splashback
Kitchen Downlights
Removable unit for slimline dishwasher
Indesit extractor and electric hob and oven

Bathroom
Shower Screen
Metro tiles
Recessed Downlights
Heated Chrome towel rail

Please note the price reflects a 25% share in the property - full market value of £240,000.

The monthly service charge is estimated at £78.02pcm.

The rent payable on the unowned share is 2.75% (based on a 25% ownership, it would correlate to £412.50pcm).

*Based on someone purchasing a 25% share in this property and securing a 5% deposit with a lender. But note Income / debt / savings and credit history play a part on the mortgage rate you are able to secure with a lender. Applicants will be means tested to determine the share they can afford to purchase. This will affect the rate of rent stated in this listing.

Please note that eligibility conditions apply and applicants will be means tested for affordability. You may be assessed to purchase a larger share than advertised depending on your finances.

The prices are guidance values only and are subject to change

Local applicants may take priority for these homes.

What is Shared Ownership?
Shared Ownership helps you get onto the property ladder, whether as a first time buyer or as someone who wants to get back into owning their own home.
You’ll start by buying a share of your home, meaning smaller mortgage and smaller deposit, then pay affordable, subsidised rent on the remaining share owned by us. This rent is usually capped at 2.75% of the property value. Then over time, you can buy more shares in your home until you own it outright. Also known as ‘part buy, part rent’, Shared Ownership is backed by the government with further support from Winchester City Council. We are looking forward to getting you on that first step.

Am I eligible for Shared Ownership?
The eligibility criteria for Shared Ownership is as follows:
You must earn less that £80,000 per year
You must be 18 years old or older
You can’t already be a homeowner
You can’t afford 100% of your new home

Winchester is an extremely popular place to explore due to the historic buildings, boutique shops, restaurants, and lovely places to walk about, including the Cathedral grounds as well as walking along the river park, and another popular spot is St Catherine’s Hill where you can see stunning views over Winchester and beyond.

Commuter links are fantastic, with Winchester railway station only a mile away, where you can reach London Waterloo in just over 1 hour or Southampton in about 22 minutes. By car, you’re within close reach of the A34, which connects to the A303 and the M3, providing access to the Midlands, Southwest, and London, with Southampton Airport around 13 miles away. There are a good choice of state and public schools nearby including Barton Farm Primary Academy school, King’s School, The Pilgrim’s School, Henry Beaufort School, and Winchester College.

Utilities, Rights, Easements & Risks

Additional Details

EPC Charts

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