Available through our resale shared ownership scheme, a second floor, two-bedroom apartment in a popular residential area of Winchester.

  

Property description:

This top floor apartment comprises a communal entrance with phone entry system, fitted kitchen, reception room leading to private balcony, two bedrooms, family bathroom with shower over bath and generous storage space in hallway.

 

The property also benefits from access to a well-maintained communal garden and an allocated off-street parking space.

 

Length of Lease: Approx. 82 Years

Council Tax Band: Winchester Council – C

Gross Internal Area: 61m2

 

LOCAL AREA INFORMATION

  • Situated in the highly desirable area of St Cross in Winchester.  Winchester Town Centre offers a variety of shops, restaurants, entertainment and other amenities.
  • Winchester train offers direct services to London Waterloo, Basingstoke & Southampton.
  • There are excellent travel links into the town centre via riverside footpaths, the new National Cycle Route and frequent bus services.
  • You can enjoy stunning views of the city from St Catherine’s Hill
  • Good schools in the area including Winchester College

 

FINANCIAL INFORMATION

Property Value = £260,000

Percentage Share = 60%

Share Price = £156,000

*Monthly Rent = £231.34

*Monthly Service Charge = £119.84

**Monthly Mortgage Payment = £780

***Annual Household Income = £40,000

 

*Please note the rent and service charge is reviewed annually 01 April.

** Based on a 90%, 25-year repayment mortgage with an interest rate at 4.5%.

***Is based on a 10% mortgage deposit.  If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced (approximately every 5% extra deposit reduces the salary required by £1,200).

 

Your home may be at risk if you do not keep up your mortgage and rent repayments.  Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract.  Areas, distances or measurements referred to are approximate.  For confirmation of property details refer to the terms of the lease and plans from your solicitor.  Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder.  Please note that the Resales Team have not visited this property.

Contact us now to arrange a viewing:

Please call the Sales Team on 0345 606 1221 and provide the following information:

Your Contact Number/Email

Your Hyde New Homes or Help to Buy reference number**

Your Deposit for the mortgage

If it is a Single/Joint application (if married it must be joint)

Your Current salary (single/Joint where applicable)

Do you have any children? If so, how many?

Do you own any pets? If so, what?

Are you a current homeowner?

**To obtain a Hyde New Homes Reference number, visit https://so.hydeform.co.uk/ to register and complete the online application.  A reference number will be emailed to you once the application is completed. 

 

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