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1 Bedroom Flat

Mill Place, Micheldever Station, Winchester, SO21

£ 64,000

Call the Shared Ownership branch on 01344 835 715

Features:

  • 1 Bedroom apartment
  • Resident parking
  • Minutes walk from train station
  • Ample storage
  • Ideal first time purchase

 

Property Description:

Shared Ownership

This home is available to buy from as little as £64,000 with a 40% share!

Available immediately with no chain, this modern second floor apartment comes with allocated parking and has accommodation which includes: entrance hall, an open plan lounge/diner with kitchen off, double bedroom and a bathroom.

Micheldever Station has its own village green and is served by The Dove Inn. A short walk to the local train station means accessibility to Winchester, Basingstoke, London and surrounding areas are in easy reach. It is a short journey to Winchester which has a range of shops, fine restaurants and contemporary bars as well as the famous Cathedral and beautiful Water Meadows. The A34, M3 and A303 are within easy reach.

PRICING & AFFORDABILITY

Approximate Size 50sq m

Full Market Value: £160,000

40% Share Price: £64,000 (rent £220.00 pcm)

50% Share Price: £80,000 (rent £183.33 pcm)

75% Share Price: £120,000 (rent £91.67 pcm)

Minimum 5% Mortgage Deposit (40% share): £3,600

Approximate Service Charges: £116.19 pcm*

Remaining Lease: 125 years from 2006 (approximately 109 years remaining)

ELIGIBILITY

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you'd expect to pay if you bought a similar property outright.

At Granary House you can buy a minimum 40% share of your home (the maximum you can buy initially is 75%). When you're ready, you can buy more shares until you staircase to owning 100% of your home.

To be eligible for this shared ownership home you would need to meet the following criteria:

' Your 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.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change.

**These photos are for information purposes only have been digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images. Furniture is not included in the purchase price and the apartment is `sold as seen'.

 

Call the Shared Ownership branch on 01344 835 715