1 bed flat for sale

Fellowes Rise, Winchester, Hampshire SO22

Shared Ownership

This superb modern home is available to buy from as little as £240,000 with a 25% share!

Situated in the desirable city of Winchester, this beautifully presented one-bedroom apartment offers modern, light-filled accommodation throughout. The spacious open-plan kitchen, living and dining area provides the perfect setting for both relaxing and entertaining, while the generous double bedroom offers excellent storage and comfortable living. A private balcony extends the living space, providing an ideal spot to enjoy some fresh air.

Conveniently located close to Winchester's vibrant city centre, local amenities and excellent transport links, this home is perfectly placed for everyday convenience. The apartment combines contemporary living with a sought-after location, making it an excellent opportunity for a range of buyers.
Pricing & affordability


Full Market Value: £240,000

25% Share Price: £60,000 (rent £503.70pcm)
Minimum 5% Mortgage Deposit (40% share): £3,000
Approximate Service Charges: £152.92pcm*
Lease: 128 years
Eligibility


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.

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.

*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.