Flat for sale in The Orchids, Winchester, Hampshire SO23

Have you got £3,125* savings? Then you may be able to call this property your new home!

Ideally situated within a short stroll of Winchester’s rich heritage and vibrant city centre.

A stylish selection of contemporary 1 and 2 bedroom apartments, and 2 bedroom houses. Featuring a delightful blend of modern comfort and affordability, available for sale through Shared Ownership. The Orchids is an excellent opportunity for those looking to take the next step on the property ladder.

The Orchids is conveniently located in Winnall on the northern edge of Winchester, Winnall offers easy access to the city centre, while providing a peaceful retreat, as it’s home to the picturesque 160-acre Winnall Moors nature reserve along the River Itchen. Winnall offers a range of services and amenities, including good local schools and community initiatives. With something for everyone, Winnall is the perfect place to call home.

Exceptionally well connected, with good access to the city centre, the M3, A34 and A31. Residents of The Orchids can conveniently reach Winchester train station in just 9 minutes by bike, it provides regular services to London Waterloo, Basingstoke, Weymouth, Portsmouth and Southampton.

The Orchids is a Greener Faster development by Winchester City Council, experience sustainable living in our eco-friendly development with its own community garden and park.

Please note the price represents a 25% share in the property - full market value of £250,000.

*Based on someone purchasing a 25% share in this property and securing a 5% deposit with a lender (with no existing debt). You can have debt. Who doesn't nowadays! 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.

The monthly service charge is estimated at £100pcm.

The rent payable on the unowned share is 2.75% (based on a 25% ownership, it would correlate to £429.69pcm).

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

Specification:
Kitchen
Howdens Clerkenwell kitchen in White Gloss, doors, and units, Tempest Grey Marble Effect Laminate Worktop (22mm), and Karndean Knight Pale Limed Oak Tile
(Plots: 2,4,8,9,11,13,14,16,18,19,21,23,25,28,30,32,35)
Howdens Clerkenwell kitchen in Dove Grey, doors and units, White/Grey Marble Effect Laminate Worktop (38mm), and Karndean Knight Pale Limed Oak Tile
(Plots: 1,3,5,6,7,10,12,15,17,20,22,24,26,27,29,31,33,34)
Lamona Black Electric Ceramic Hob (60cm), Stainless Steel oven, and extractor hood
Lamona integrated fridge with ice box in 1 bed apartments
Lamona integrated Fridge/Freezer in 2 bedroom apartments and houses
Removable unit and spur for dishwasher in 2 bedroom apartments and houses only
Lamona freestanding White Washing Machine, in apartments only
Space for washing machine, houses only
Laminate upstands matching worktop and White Metro ceramic wall tiles behind hob

Bathroom
Roca Laura white sanitary suite including sink, for all apartments and houses
Villeroy & Boch Shower Tray, with Roman Haven Corner Shower Glass cubicle for all apartments
Roca Laura white bath for houses only
Gloss white metro tiles
Electrically-heated stainless steel towel rail
Vinyl flooring

Internal General Features
Electric heating, apartments only
Air source heat pumps, wet system, houses only
Mechanical ventilation with heat recovery system
Smoke and heat detectors
Low energy pendant lighting in bedrooms and hallway
BT and Virgin Media installed
White walls and white satin woodwork throughout
White ladder style interior doors
Carpet (with underlay) Apollo Plus in a neutral Sea Breeze
Door handles are Aztec Levers on Rose Polished Chrome

External General Features
Community park and food growing beds available
Parking areas available
NHBC 10 year guarantee