Available through our resale shared ownership scheme, a two-bedroom semi-detached house, located in the pretty Hampshire village of Kings Worthy.

 

Property description:

The property has two floors. The ground floor comprises of a fitted kitchen with an integrated oven and hob, a spacious living/dining room, a W/C , with understairs and outside storage.  The first floor comprises of two bedrooms, both with built in storage, and a family bathroom with shower over bath. The property also benefits from having a shed which is situated in a spacious back garden, and a front garden next to off- street parking for two car spaces.

 

Eligibility: Priority will be given to applicants from Kings Worthy parish, second priority to applicants from the neighbouring parishes and finally from Winchester District.

 

Please note this is an 80% Restrictive lease

 

Length of Lease: Approx. 117 Years

Council Tax Band: Winchester Council – D

Gross Internal Area: 76m2

 

LOCAL AREA INFORMATION

  • The village of Kings Worthy is a traditional Hampshire village which provides the perfect backdrop for family life. Living here, you won’t have to travel far to meet your daily needs. With close links to the M3 and a reliable bus service into Winchester.
  • The village has close links to the picturesque countryside with an array of local walks.
  • The village is home to a good selection of shops and services including a Tesco Express, a convenience store, pharmacy, post office, a couple of pubs, hairdressing salon, farm shop and café.
  • The local primary school is rated ‘Good’ by Ofsted.
  • Historic Winchester boasts a magnificent cathedral, ancient monuments and museums.  The city has a host of High Street names, independent retailers and street markets and hosts one of the UK’s largest farmers’ markets which takes place on the second and last Sunday of each month.
  • The High Street, The Square, Kingsgate Street and Parchment Street are all great places to shop. For handcrafted jewellery head to The Constabulary and for antiques to the Kings Walk.
  • Winchester has an array of café-bars and restaurants.  For an evening out, the Theatre Royal has a varied programme.  Since 1974, the city has hosted the annual ‘Hat Fair’ which is a celebration of street theatre, including performances, workshops and gatherings at a wide variety of venues.
  • The ARC is a fabulous centre including a library, exhibition space, an art gallery, café, shop and studio and performance space. There is always something going on from talks and workshops to dance and theatre.
  • Winchester Leisure Centre offers an affordable way to keep fit with a fully air-conditioned gym, swimming pool, sports hall for badminton, football and basketball, four squash courts, studio classes and a health suite with sauna and steam room.
  • Beyond Winchester, the beautiful countryside of the South Downs National Park provides long distance trails, circular routes and bridle paths. There’s also a wealth of local villages to explore, including Chawton, once home to Jane Austen.

 

FINANCIAL INFORMATION

Property Value = £365,000

Percentage Share = 50%

Share Price = £182,500

*Monthly Rent = £324.99

*Monthly Service Charge = £26.97

**Monthly Mortgage Payment = £913

***Annual Household Income = £45,000

 

*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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