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PROPERTY LOCATION:

PROPERTY DETAILS:

  • Tenure: leasehold
  • Property type: First floor
  • Length of Lease: 989 years
Key features:
  • Newbuild Shared Ownership Apartment
  • With Parking
  • Shares available from 25%
  • Open to applicants from all locations
  • Priority to applicants who live/work/have family in the Winchester Local Authority areas
  • Winchester Railway Station is just 6 minutes’ drive*
  • The Henry Beaufort School just 3 minutes’ drive*
  • M3 Junction 9 is just 9 minutes’ drive*
  • Aldi supermarket is just 4 minutes’ drive*
  • Waitrose supermarket is just 4 minutes’ drive*
  • NHBC newbuild warranty
  • Pets welcome

Apply now for a stunning newbuild Shared Ownership (part buy, part rent) 2 bedroom apartment.

Shares start from 25%

Shared Ownership, also known as ‘part-buy, part-rent’ is a great option for new home buyers, or for
those struggling to save a large deposit. The Shared Ownership scheme allows you to purchase shares of your home, usually between 25% and 75%, initially and pay rent on the remaining share. Unlike buying on the open market, you don’t need a deposit for 100% of the property price. In many cases, you’ll only need a 5% deposit of the share you’re purchasing (subject to lender availability and criteria). You’ll need to be financially assessed to determine the share you are able to purchase.

MINIMUM 25% SHARE ADVERTISED AT £82,500- FULL MARKET VALUE £330,000.

• Monthly rent example on un-owned 75% share: £567.19

• Monthly initial estimated service charges: £92.62

• Council Tax Band: TBC

• Predicted energy assessment rating: B

Who can apply for Shared Ownership?

You can apply if your household income is £80,000 a year or less and you can’t afford to buy a suitable

home on the open market.

If you’ve never owned a home before, Shared Ownership’s a fantastic opportunity to get on the

housing ladder and it’s also a great option if you’re in one of the following groups:

• You’ve owned a home before, but can’t afford to buy one now

• You’re forming a new household (for example, following a relationship breakdown)

• You’re an existing Shared Owner and want to move to a new home

• You own a home, but can’t afford to buy a new one that suits your current needs

If you own another property in the UK or abroad, you’ll need to sell this at the same time as buying your new Shared Ownership home. So, if you’re a homeowner, VIVID will ask you to confirm your property’s under offer. At Kings Barton, you can buy additional shares in your home over time if you’d like to, so that eventually you could own 100% of the property.

Disclaimer: Please note that the main image is an example of a typical Vivid Home sitting room, other images are of the local area as the development is still under construction.

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