Flat for sale in Romsey Road, Winchester SO22

Unlock your home buying potential with Shared Ownership at Knights Quarter, central Winchester. Your New Shared Ownership apartment awaits you! Reserve now & receive £6,000 cashback - available for a limited time only.*

Home 152 is a 1 bedroom ground floor apartment, the entrance hall benefits from a built in single storage cupboard and leads to the double bedroom, bathroom and open plan kitchen living/dining room featuring double glazed window to the front aspect.

Brand new 1 & 2 bedroom apartments available to move in now, 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.

One bedroom apartment available to purchase at a 40% share at £111,00 with a minimum 5% mortgage deposit of £5,550.00. Initial shares can be purchased from 25% to 75% . Full market value £277,500.

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.

Full Market Value: £277,500
40% Share Price: £111,000
Rent on un-owned share £346.87pcm
Estimated service charge £122.49pcm

Shared Ownership gives buyers and those under offer that 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, or own a home that is currently under offer.
• 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.

*T&Cs apply. Offer valid on Knights Quarter development only, subject to availability, and for a limited time only. Cashback incentive, up to a maximum value of £6,000, which cannot be more than 5% of your share price, will be received as cashback after successful completion of the home to your bank account provided (please note there is a 7-10 working day lead time). Applicable to new reservations only. We reserve the right to withdraw this offer at any time.

**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.