Shared Ownership
This superb modern home is available to buy from as little as £217,500 with a 50% share!
This well presented end terarce home offers bright, modern accommodation. The ground floor comprises a welcoming entrance hall, a sitting room, useful store and WC, together with a generous kitchen/dining room with French doors opening directly onto the rear garden. Upstairs are three bedrooms and a family bathroom, while outside the property benefits from an enclosed rear garden and off road parking.
Pinsent Road is situated within the popular Barton Farm area of Winchester, offering convenient access to a good range of everyday amenities. Shops, cafés and services can be found around the nearby Weeke area, while Winchester city centre provides an excellent selection of independent shops, restaurants, bars and leisure facilities. Families are also well catered for, with a number of schools in the wider area including Barton Farm Primary Academy, Weeke Primary School and Henry Beaufort School.
The property is well positioned for access to Winchester railway station, providing direct rail services towards London Waterloo, while the city and surrounding areas are also served by regular local bus routes. For those travelling by road, Winchester offers convenient connections to the A34 and M3, providing onward access towards Southampton, Basingstoke and the wider motorway network.
PRICING & AFFORDABILITY
Full Market Value: £435,000
50% Share Price: £217,500 (rent £674.69pcm)
Minimum 5% Mortgage Deposit (50% share): £10,875
Approximate Service Charges: £31.30 pcm*
Shared Ownership Lease: 116 years remaining
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.
Council Tax Band D
